S/4HANA Training - Final Assessment

67 Questions | Total Attempts: 93

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S/4HANA Training - Final Assessment - 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.


Questions and Answers
  • 1. 
    What are the business benefits of S/4HANA Finance? (3 correct answers)
    • 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. 

      2

    • C. 

      3

    • D. 

      4

  • 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? (3 correct answers)
    • 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? (3 correct answers)
    • 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? (2 correct answers)
    • 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? (3 correct answers)
    • 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? (2 correct answers)
    • 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.
    • A. 

      Employee tolerance group

    • B. 

      GL tolerance group

    • C. 

      Special account tolerance group

    • D. 

      Customer/Vendor tolerance group