Which statements are true regarding the down payment process in SAP S/4HANA?

The statement about the down payment process using a special billing type (FAZ) is accurate because in SAP S/4HANA, down payments are indeed processed using a specific billing document type designated for this purpose. This special billing type allows businesses to efficiently manage down payments within their sales processes by ensuring that the details of the transaction are properly tracked and accounted for.

This functionality is crucial for companies that require advance payments from customers before delivering goods or services, as it streamlines the invoicing and accounting processes associated with down payments. The distinct billing type (FAZ) helps differentiate these transactions from standard invoices, allowing for proper handling within the financial systems.

The other statements do not align with how the down payment process works in SAP S/4HANA. For instance, down payments can be based on varied amounts, not always fixed, and they do not operate solely on a periodic billing cycle but rather are tied to specific contractual agreements. Additionally, down payments can be a fixed amount or a percentage of the total invoice value, demonstrating flexibility in financial management.