S/4HANA Training Final Assessment

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| By Haids Santiago
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Haids Santiago
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Quizzes Created: 1 | Total Attempts: 293
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  • 1/120 Questions

    A chart account must be assigned to every company code for which accounts are to be set up.

    • True
    • False
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About This Quiz

Welcome to the Final Assessment for this S/4HANA Training.
This assessment is designed to help you check your knowledge of the content provided in the course.
This assessment covers the following units:
S4F12 - Basics of Customizing for Financial Accounting: GL, AP, AR in SAP S/4HANA
S4F13 - Additional Financial Accounting Configuration in SAP S/4HANA
NOTE: Please enter full name.

S/4HANA Training Final Assessment - Quiz

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  • 2. 

    Callup points are specific places in an application that specify the exact location where a validation and substitution occurs.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Callup points are specific places in an application where validation and substitution occur. This means that these points define the exact location within the application where certain checks and replacements are performed. By specifying callup points, developers can ensure that the validation and substitution processes are carried out accurately and efficiently. Therefore, the statement that callup points are specific places in an application that specify the exact location where a validation and substitution occurs is true.

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  • 3. 

    It is possible to assign the same segment to multiple profit centers.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    It is possible to assign the same segment to multiple profit centers because a segment represents a specific area or division within a company, and multiple profit centers may operate within that area. This allows for better tracking and analysis of financial performance for each profit center within the segment. By assigning the same segment to multiple profit centers, the company can effectively allocate costs and revenues to each profit center and assess their individual profitability.

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  • 4. 

    The validation function helps you to check the entered values and value intervals.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The validation function is designed to verify the accuracy and validity of entered values and their intervals. By using the validation function, users can ensure that the data they input meets the required criteria and falls within the specified range. This helps to prevent errors, inconsistencies, and invalid inputs, ultimately improving the overall quality and reliability of the data being processed. Therefore, the statement "True" accurately reflects the purpose and functionality of the validation function.

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  • 5. 

    When you reverse a posted document, you should enter a reason for reversal.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    When you reverse a posted document, it is necessary to enter a reason for the reversal. This is important for maintaining proper documentation and providing transparency in the accounting process. By providing a reason, it helps to track and understand the purpose behind the reversal, allowing for accurate record-keeping and audit trail. Without a reason, it would be difficult to justify or explain the reversal, potentially leading to confusion or errors in the accounting system. Therefore, it is essential to enter a reason when reversing a posted document.

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  • 6. 

    You can save segment in the profit center master data.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    In the profit center master data, it is possible to save a segment. This means that the segment can be associated with a specific profit center, allowing for better tracking and analysis of financial data. By saving the segment in the profit center master data, it becomes easier to monitor and evaluate the performance of different segments within the organization. This can be useful for making informed business decisions and optimizing profitability.

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  • 7. 

    You can post the special G/l transactions from the application side using special posting keys and special general ledger indicators.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The given statement is true because special G/L transactions can indeed be posted from the application side using special posting keys and special general ledger indicators. These special G/L transactions are used for posting transactions that are not part of the regular accounting process, such as down payments, guarantees, or bills of exchange. By using special posting keys and indicators, these transactions can be properly recorded in the general ledger and reflected in the financial statements.

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  • 8. 

    You can post parked documents (without workflow) as standard transactions individually or using a selection list.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The given statement is true. Parked documents can be posted as standard transactions individually or using a selection list. This allows for flexibility and convenience in processing parked documents, as they can be posted either one at a time or in batches using a selection list.

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  • 9. 

    SAP S/4HANA only supports the net procedure for customers.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    SAP S/4HANA does not only support the net procedure for customers. It also supports the gross procedure for customers. Therefore, the given statement is false.

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  • 10. 

    When you create  a G/L account,  SAP S/4HANA uses the company code local currency as default account currency.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    When creating a G/L account in SAP S/4HANA, the system automatically sets the company code local currency as the default account currency. This means that any transactions or balances recorded in this G/L account will be in the local currency of the company code.

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  • 11. 

    Displaying a document in the entry and general view is possible in S/4HANA.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    In S/4HANA, it is possible to display a document in both the entry and general views. This means that users can easily access and view documents within the system, allowing for better visibility and transparency. This feature can be beneficial for various purposes, such as auditing, tracking, and analyzing data.

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  • 12. 

    Special G/L transactions are transactions in accounts receivable and accounts payable an are separately displayed in the general ledger and subledgers.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Special G/L transactions are indeed transactions in accounts receivable and accounts payable that are separately displayed in the general ledger and subledgers. This means that these transactions are recorded and tracked separately from regular transactions, allowing for better visibility and control over these specific types of transactions. By having a separate display in both the general ledger and subledgers, it becomes easier to identify and analyze the impact of these special transactions on the overall financial position of the organization. Therefore, the statement is true.

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  • 13. 

    You can use Boolean logic to define different type of logical statements.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Boolean logic is a type of logic that deals with binary values, true and false. It allows us to define and manipulate logical statements using logical operators such as AND, OR, and NOT. Therefore, it is true that Boolean logic can be used to define different types of logical statements.

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  • 14. 

    A fiscal year variant defines the number of periods in the fiscal year.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    A fiscal year variant is a parameter that determines the number of periods in a fiscal year. It is used to define the accounting periods and reporting periods within a fiscal year. By setting the fiscal year variant, an organization can customize its fiscal year structure based on its specific needs. Therefore, the statement that a fiscal year variant defines the number of periods in the fiscal year is true.

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  • 15. 

    Parameter IDs allow users to set default values to fields such as Company code and Currency.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Parameter IDs are used in SAP systems to store and retrieve default values for specific fields. In this case, the parameter IDs allow users to set default values for fields like Company code and Currency. This means that whenever a user accesses these fields, the system will automatically populate them with the default values set by the user. Therefore, the statement "Parameter IDs allow users to set default values to fields such as Company code and Currency" is true.

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  • 16. 

    You can reverse documents by using either normal reversal posting or negative posting.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The statement is true because it states that documents can be reversed using either normal reversal posting or negative posting. This means that there are two methods available to reverse documents, providing flexibility and options for users.

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  • 17. 

    SAP S/4HANA provides basic default values for document entry. For example, the current date is proposed as the posting date. You are not allowed to change this proposed posting date.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    SAP S/4HANA does not provide basic default values for document entry. The statement that the current date is proposed as the posting date is incorrect. Therefore, the correct answer is False.

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  • 18. 

    When you reset clearing, SAP S/4HANA removes the clearing data from the line item.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    When you reset clearing in SAP S/4HANA, it means that the system will remove the clearing data from the line item. This action essentially undoes the clearing process and restores the original state of the line item, allowing for further adjustments or corrections to be made if necessary. Therefore, the statement "True" is correct.

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  • 19. 

    Substitution permits the customer-specific enhancement (substitution) of certain field contents.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Substitution is a feature that allows customers to customize or enhance specific field contents according to their requirements. This means that customers can replace or modify certain field values to meet their specific needs. Therefore, the statement "Substitution permits the customer-specific enhancement (substitution) of certain field contents" is true.

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  • 20. 

    The fiscal year variant contains the number of posting periods and posting periods.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The fiscal year variant is a configuration in SAP that determines the number of posting periods and the length of each period in a fiscal year. It is used to define the financial reporting periods and the frequency of financial reporting. Therefore, the statement that the fiscal year variant contains the number of posting periods and posting periods is true.

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  • 21. 

    If you do not assign users to tolerance group, then the entries in the default tolerance group are valid for them.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    If users are not assigned to a tolerance group, it means they do not have any specific tolerance settings assigned to them. In this case, the entries in the default tolerance group, which contains the general tolerance settings for all users, will be valid for them. This means that the default tolerance limits and settings will be applied to these users' transactions and activities. Therefore, the statement "If you do not assign users to tolerance group, then the entries in the default tolerance group are valid for them" is true.

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  • 22. 

    What is the format of Company Code key?

    • Six-digit Alphanumeric

    • Four-Digit Numeric

    • Four-Digit Alphanumeric

    • Six-Digit Numeric

    Correct Answer
    A. Four-Digit Alphanumeric
    Explanation
    The format of the Company Code key is a combination of four digits and alphabets. This means that the code can contain both numbers and letters. The use of both digits and alphabets allows for a larger number of unique combinations, making it easier to differentiate between different company codes. This format is commonly used in various systems and databases to identify and categorize different companies.

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  • 23. 

    Which of the following is the first step in the variant principle?

    • Define Variant

    • Determine values for variant

    • Assign Variant to the objects

    • Create multiple variants

    Correct Answer
    A. Define Variant
    Explanation
    The first step in the variant principle is to define the variant. This involves identifying the specific characteristic or attribute that will vary among different objects or instances. By defining the variant, we establish the basis for differentiation and customization in the subsequent steps of the variant principle.

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  • 24. 

    SAP S/4HANA links the documents belong to cross-company code transaction with a common cross-company code transaction number.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    SAP S/4HANA allows for the linking of documents related to cross-company code transactions using a shared cross-company code transaction number. This means that when multiple company codes are involved in a transaction, they can be easily connected and tracked using a single transaction number. This helps streamline processes and improve efficiency in managing cross-company code transactions. Therefore, the given statement is true.

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  • 25. 

    The profit center is the best object from which segments can uniformly derived.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The profit center is the best object from which segments can uniformly derive because it allows for accurate measurement and evaluation of profitability within different business units or divisions. By using profit centers, companies can allocate costs, track revenues, and assess the performance of each segment in a consistent and standardized manner. This enables effective decision-making, resource allocation, and strategic planning at the segment level, leading to improved overall profitability and performance of the organization.

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  • 26. 

    All posting to the subledger account are automatically posted to the assigned reconciliation accounts.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    This statement is true because when transactions are posted to a subledger account, they are also automatically posted to the assigned reconciliation accounts. This ensures that the balances in the subledger accounts are reconciled with the corresponding general ledger accounts, providing accurate financial information.

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  • 27. 

    Which of the following transactions can you use noted items?

    • Late payment 

    • Down payment request

    • Vendor payment

    • Customer payment

    Correct Answer
    A. Down payment request
    Explanation
    Noted items are used to track and manage outstanding or pending payments. A down payment request is a type of transaction where a customer is requested to make an initial payment before receiving goods or services. This transaction can be tracked using noted items to ensure that the payment is received and accounted for. Late payment, vendor payment, and customer payment are not specifically related to down payment requests and may not require the use of noted items.

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  • 28. 

    If a customer is also a vendor, the payment program can clear open items between the customer and vendor accounts.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    If a customer is also a vendor, it means that the same entity is both buying goods or services from the company (as a customer) and selling goods or services to the company (as a vendor). In such cases, the payment program can clear open items between the customer and vendor accounts. This means that any outstanding payments or invoices between the customer and vendor can be offset against each other, simplifying the payment process and reducing the need for separate transactions. Therefore, the statement is true.

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  • 29. 

    Data is archived in offline mode; in other words, the system has to be shut down during archiving.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement is false because data can be archived in offline mode without shutting down the system. Offline archiving refers to the process of transferring data from the online system to a separate storage medium, such as tapes or external hard drives, without the need to shut down the system. This allows for efficient data management and retrieval while the system remains operational.

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  • 30. 

    What is the name of the leading ledger that SAP provides with the standard system?

    • 0L

    • 1L

    • ZL

    • TL

    Correct Answer
    A. 0L
    Explanation
    The correct answer is 0L. In SAP, the leading ledger is a standard feature provided with the system. It is denoted by the code 0L. The leading ledger is the main ledger that contains all the essential financial data and serves as the primary source for financial reporting and analysis in SAP.

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  • 31. 

    You need to enter a percentage rate in the terms of payment to calculate_______.

    • Cash discount

    • Credit amount

    • Debit amount

    • Invoice discount

    Correct Answer
    A. Cash discount
    Explanation
    To calculate the cash discount, a percentage rate needs to be entered in the terms of payment. The cash discount is a reduction in the amount owed by a customer if payment is made within a specified period of time. By entering the percentage rate in the terms of payment, the system can automatically calculate the cash discount amount based on the total invoice amount.

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  • 32. 

    If the prerequisite statement is satisfied (TRUE), a check is performed.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The given correct answer is "True" because the explanation states that if the prerequisite statement is satisfied, a check is performed. This implies that if the prerequisite statement is true, then the check will be performed. Therefore, the correct answer is "True" as it aligns with the information provided in the explanation.

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  • 33. 

    The field status entries in individual areas, such as Client, Business Partner Role, Business Partner Type and activity, compete with each other and the field status with the highest priority is used. 

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The statement is true because in the given scenario, the field status entries in different areas are in competition with each other. This means that if there are conflicting field status entries for fields like Client, Business Partner Role, Business Partner Type, and activity, the field status entry with the highest priority will be used. This ensures that there is consistency and clarity in determining the field status for these areas.

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  • 34. 

    The reversal reason determines whether the reversal date may differ from the original posting date.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The reversal reason is a determining factor in whether the reversal date can be different from the original posting date. This means that if there is a valid reversal reason, the reversal date may not necessarily be the same as the original posting date. Therefore, the statement is true.

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  • 35. 

    A message can contain up to six message variables.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement is false because a message can actually contain more than six message variables. There is no specific limit to the number of message variables that can be included in a message. The number of variables depends on the requirements and complexity of the message being conveyed.

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  • 36. 

    What is the maximum number of steps possible in validation?

    • 99

    • 199

    • 599

    • 999

    Correct Answer
    A. 999
    Explanation
    The maximum number of steps possible in validation is 999. This is because the given options are increasing in increments of 100, and 999 is the highest number provided.

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  • 37. 

    The substitution value is a numerical value or a string of letters that replaces the value entered.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The given statement is true. A substitution value is indeed a numerical value or a string of letters that is used to replace the original value entered. This can be seen in various contexts, such as in programming or data analysis, where substitution values are often used to modify or update data.

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  • 38. 

    In external number assignment, the numbering must be numeric.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    In external number assignment, the numbering does not have to be numeric. This means that alphanumeric characters can also be used for numbering purposes.

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  • 39. 

    Different accounts of one chart of account can refer to the same group account.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    This statement is true because different accounts within a chart of accounts can be linked to the same group account. A chart of accounts is a list of all the accounts used by an organization to record financial transactions. Each account represents a specific category, such as assets, liabilities, or expenses. Group accounts are used to consolidate similar accounts together for reporting purposes. Therefore, it is possible for multiple individual accounts to be grouped together under the same group account in a chart of accounts.

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  • 40. 

    You can create as many tolerance groups you need.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    You have the ability to create multiple tolerance groups as per your requirement.

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  • 41. 

    When you create validations, substitutions, and rules you must assign an application area.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    When creating validations, substitutions, and rules, it is necessary to assign an application area. This is because these features are specific to certain areas within an application, and assigning an application area ensures that they are applied correctly and only affect the intended sections. Therefore, it is true that when creating these components, assigning an application area is a necessary step.

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  • 42. 

    Which of the following statements is correct for external number assignment (manual posting)?

    • The number is the last document number

    • The number is automatically assigned

    • The number is entered by the user

    • The number must be assigned in as sequence

    Correct Answer
    A. The number is entered by the user
    Explanation
    In external number assignment (manual posting), the user is responsible for entering the document number. This means that the system does not automatically assign a number to the document. Instead, the user manually enters the desired number for the document.

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  • 43. 

    It is possible for several company codes to use the same posting period variant.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    In SAP, a posting period variant is used to control the posting periods for different company codes. It determines which periods are open for posting and which are closed. It is possible for multiple company codes to use the same posting period variant if they have similar requirements for their posting periods. This allows for consistent control and management of posting periods across multiple company codes. Therefore, the statement is true.

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  • 44. 

    You can reverse documents that can contain cleared items.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The given statement states that you can reverse documents that can contain cleared items. However, this statement is false. In accounting, when a document is cleared, it means that the transaction has been reconciled and settled. Once a document is cleared, it cannot be reversed or changed. Therefore, the correct answer is false.

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  • 45. 

    Based on document change rules, users may only be able to change certain fields in the documents that they have already posted.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The given statement is true because according to document change rules, users are restricted from making changes to certain fields in the documents they have already posted. This implies that there are limitations on the fields that can be modified after a document has been posted.

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  • 46. 

    When you archive G/L account Master Records, it is not possible to restrict the run. All G/L account Master records are always selected.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    When you archive G/L account Master Records, it is possible to restrict the run. This means that you can choose which G/L account Master records you want to select for archiving, instead of selecting all of them. Therefore, the correct answer is False.

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  • 47. 

    In the SAP S/4HANA application, the payment program and dunning program can access noted items for further processing.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    In the SAP S/4HANA application, both the payment program and dunning program have the ability to access noted items for further processing. This means that these programs can interact with and make use of the information and data related to noted items in order to carry out their respective functions effectively.

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  • 48. 

    Documents that the SAP S/4HANA application holds (without workflow) do not have to be complete.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The SAP S/4HANA application does not require documents to be complete, meaning that incomplete documents can still be stored within the system. This suggests that the application allows for flexibility in document management, potentially allowing users to save and work on documents even if they are not fully finished or finalized.

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  • 49. 

    Alternate payer or payee information that is entered at the client level of the master data takes priority over data entered at the company code level.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The given statement is false. In SAP, alternate payer or payee information entered at the client level of the master data does not take priority over data entered at the company code level. Instead, the data entered at the company code level takes priority.

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Quiz Review Timeline (Updated): Nov 14, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Nov 14, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jan 12, 2019
    Quiz Created by
    Haids Santiago
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