S/4HANA Training Final Assessment
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.
- 1.What are the business benefits of S/4HANA Finance?
- A.
Reduced system complexity
- B.
Single source of truth on the line item level
- C.
Automatic update of custom applications to SAP HANA standards
- D.
Overall reporting across financial applications
- 2.SAP S/4HANA can run on an SAP HANA Database only.
- A.
True
- B.
False
- 3.What is the format of Company Code key?
- A.
Six-digit Alphanumeric
- B.
Four-Digit Numeric
- C.
Four-Digit Alphanumeric
- D.
Six-Digit Numeric
- 4.What is the name of the leading ledger that SAP provides with the standard system?
- A.
0L
- B.
1L
- C.
ZL
- D.
TL
- 5.The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects. How many steps does the variant principle have?
- A.
1
- B.
3
- C.
4
- D.
5
- 6.Which of the following is the first step in the variant principle?
- A.
Define Variant
- B.
Determine values for variant
- C.
Assign Variant to the objects
- D.
Create multiple variants
- 7.Which of the following information is entered in the chart of accounts segment of a G/L account?
- A.
Account Number
- B.
Control Fields
- C.
Consolidation Fields
- D.
Currency Fields
- 8.Whish field status has the lowest priority? (G/L account)
- A.
Required Entry
- B.
Hide
- C.
Optional Entry
- D.
Display
- 9.Which of the following options can you use to change the G/L account master using collective processing?
- A.
Change chart of account data
- B.
Change company code data
- C.
Change Client level data
- D.
Change account descriptions
- 10.When you create a G/L account, SAP S/4HANA uses the company code local currency as default account currency.
- A.
True
- B.
False
- 11.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.
- A.
True
- B.
False
- 12.When you reset clearing, SAP S/4HANA removes the clearing data from the line item.
- A.
True
- B.
False
- 13.SAP S/4HANA only supports the net procedure for customers.
- A.
True
- B.
False
- 14.Cleared items contain which of the following pieces of information?
- A.
Clearing document number
- B.
Due date
- C.
Clearing date
- D.
Archival information
- 15.SAP S/4HANA links the documents belong to cross-company code transaction with a common cross-company code transaction number.
- A.
True
- B.
False
- 16.You need to enter a percentage rate in the terms of payment to calculate_______.
- A.
Cash discount
- B.
Credit amount
- C.
Debit amount
- D.
Invoice discount
- 17.In which of the following segments of a customer of vendor master record can you enter the terms of payment?
- A.
Company code segment
- B.
Client level segment
- C.
Sales area segment
- D.
Purchasing organization segment
- 18.On which level the system stores the general data of a customer or vendor that can be assessed throughout the whole organization?
- A.
Organization Level
- B.
Client level
- C.
Company Code level
- D.
Account Level
- 19.The fiscal year variant specifies a period as open or closed.
- A.
True
- B.
False
- 20.In balance sheet account, the balance is carried to a retained earnings accounts and the balance sheet account is set to zero.
- A.
True
- B.
False
- 21.Which of the following tolerance groups should every company code always have?
- A.
Blank
- B.
Special
- C.
Defined
- D.
Named
- 22.Which of the following fields can be changed in the document header?
- A.
Reference Number
- B.
Document Header Text
- C.
Document Date
- D.
Currency Exchange Rate
- 23.In the configuration of SAP S/4HANA, you must always assign clearing accounts to every possible combination of company codes.
- A.
True
- B.
False
- 24.With the automatic clearing program, a user can clear open items for which of the following items.
- A.
General ledger
- B.
Currency
- C.
Special ledger indicator
- D.
Subledger accounts
- 25.Identify three types of tolerance groups in accounting. (3 correct answers)
- A.
Employee tolerance group
- B.
GL tolerance group
- C.
Customer/Vendor tolerance group
- D.
Special account tolerance group
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