What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this questions.

• A. It is considered for consolidation.
• B. It represents separate areas of operation within an organization.
• C. It can be assigned to a company code.
• D. It is responsible for costs and revenues within an organization.

How does the system perform the normal reversal of a journal entry?

• A. It creates an inverse posting by resenting the transaction figures for cleared documents.
• B. It creates an inverse posting by decreasing the transaction figures.
• C. It creates an inverse posting by resenting the transaction figures.
• D. It creates an inverse posting by increasing the transaction figures.

You must run the foreign currency valuation for both US GAAP and IFRS. which leads to different values for the two different accounting principles.
How can you set this up in the system?

• A. Define two valuation methods and assign the accounting principles to the new valuation methods
• B. Define two valuation methods and assign the ledger groups to the new valuation methods
• C. Define two valuation area and assign and two accounting principles with relevant links to ledgers
• D. Define two valuation area and assign and two extension ledgers with relevant links to accounting principles

The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the star of the next fiscal year. You create the new VAT codes 05 and 15 to cover this requirement.
How can you ensure that users use the new tax codes when entering tax relevant documents starting next year?

• A. Create a substitution that changes the deprecated VAT code when relevant new one when entering documents with posting data in the new year
• B. Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue G/L accounts after balance carry forward is done
• C. Create a validation that issues an error when the user uses a deprecated VAT code when entering documents with posting data in the new year
• D. Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done

How does an automatic intercompany asset transfer work?

• A. It assumes that the transfer happens between two independent legal entities
• B. It determines the relationship type automatically, using the company code
• C. It does NOT allow a transfer to happen within a single legal entity
• D. determines the relationship type automatically, using the company ID