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