Table of Contents

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Preface
11
Target Audience
11
Structure of This Book
11
Practice Questions
14
Summary
15
Introduction: The Path to Certification
17
Who This Book Is For
18
Certifications for SAP Financials in SAP S/4HANA
19
Useful SAP S/4HANA Certifications Overview
19
The C_TS4FI_1610 Certification
21
SAP Education Courses
24
Ways to Learn
27
Tips for Taking the Certification Exam
31
Realign Your Perspective
31
What to Expect When Taking the Exam
32
Tips and Tricks
34
Additional Learning Resources
35
Early Knowledge Transfer Materials
36
SAP Best Practices Explorer
37
SAP Help Portal
37
SAP User Assistance
39
SAP Fiori Apps Reference Library
39
SAP Community
40
openSAP
41
Summary
42
1 SAP HANA, SAP S/4HANA, and SAP Fiori
43
Objectives of This Portion of the Test
44
Key Concept Refresher
45
Digital Transformation
45
SAP HANA Architecture
46
Technology Enablers for SAP HANA Success
47
SAP S/4HANA
48
SAP S/4HANA Deployment Options
50
The SAP S/4HANA System Landscape
52
The SAP Fiori User Interface
52
SAP Fiori User Experience Paradigm
53
SAP Fiori for SAP S/4HANA
54
The SAP Fiori Launchpad
57
SAP Fiori Launchpad Designer
60
Important Terminology
62
Practice Questions
64
Practice Question Answers and Explanations
67
Takeaway
70
Summary
70
2 General Ledger Accounting
71
Objectives of This Portion of the Test
72
Key Concept Refresher
73
Organizational Units
73
Integration to Non-Financial Accounting Organizational Units
86
Master Records
88
Global Financial Accounting Configuration
101
Business Transaction in the General Ledger
131
Important Terminology
143
Practice Questions
144
Practice Question Answers and Explanations
152
Takeaway
157
Summary
158
3 Accounts Payable and Accounts Receivable
159
Objectives of This Portion of the Test
160
Key Concept Refresher
161
Business Partners
161
Payment Terms
181
Invoicing
187
Manual Payments
194
Automatic Payments
197
Dunning
216
Correspondence
229
Special General Ledger Accounting
232
Reporting
240
Important Terminology
242
Practice Questions
245
Practice Question Answers and Explanations
252
Takeaway
257
Summary
257
4 Asset Accounting
259
Objectives of This Portion of the Test
261
Key Concept Refresher
261
Fixed Asset Accounting
261
Chart of Depreciation
262
Depreciation Areas
264
Asset Class
267
Account Determination
269
Screen Layouts
271
User-Defined Fields
273
Asset Master Data
274
Integration with Plant Maintenance
276
Asset Transaction Types
276
Asset Acquisitions
278
Asset Retirements
284
Asset Transfers
287
Low-Value Assets
291
Assets Under Construction
292
Asset Depreciation
294
Asset Year-End Process
298
Asset Reporting
300
Asset Legacy Data Transfer
302
Important Terminology
306
Practice Questions
308
Practice Question Answers and Explanations
313
Takeaway
317
Summary
318
5 Financial Closing
319
Objectives of This Portion of the Test
320
Key Concept Refresher
321
Financial Statement Version
321
General Ledger Closing
332
Accruals and Deferrals
340
Closing Activities in Receivables and Payables
343
Closing Activities in Materials Management
356
SAP Financial Closing Cockpit
362
Methods for Intercompany Reconciliation
365
Important Terminology
372
Practice Questions
374
Practice Question Answers and Explanations
379
Takeaway
381
Summary
382
6 SAP Financials Cross Topics
383
Objectives of This Portion of the Test
385
Key Concept Refresher
385
Bank Account Management
386
Document Parking
391
Validations and Substitutions
402
Data Archiving
416
Data Aging
423
Important Terminology
428
Practice Questions
431
Practice Question Answers and Explanations
434
Takeaway
436
Summary
436
Appendices
439
The Author
439
Index
441