Sample Questions S4 Hana FI PDF

1. Organization structure is one of the first steps in setting up the business function in SAP. The organizational structure is created by defining the organizational units consisting of the following:-  Client  Company  Company Code  Business Areas 2. How many chart of acc...

1. Organization structure is one of the first steps in setting up the business function in SAP. The organizational structure is created by defining the organizational units consisting of the following:-  Client  Company  Company Code  Business Areas 2. How many chart of account can be assigned to a company code?  One  Two  Three 3. Standard ledger of a company code is known as?  Leading ledger  Nonleading ledger  Extension ledger  Delta ledger 4. what are the sum of the benefits of data handling in sap s/4 hana  The data is available in real time at line item details  The data is summarized into higher level of aggregates to help the system performance  The data is consistently auto achieved to optimize memory storage 5. The length of G/L account number should be mentions in?  g/ l account groups  G/l account  Chart of accounts  None of the above 6. What is the format of company code key  Two digit alpha numeric  4 digit alpha numeric  6 digit alpha numeric  3 digit alpha numeric 7. At what level is the bank master data stored in SAP S/4 Hana?  At the client level  At the system level  At the financial management area level  At the company code level 8. Which is the first step in the procedure of making down payment in the customer area?  Down payment received  Down payment request  Customer invoice  Clearing 9. Fiscal year can be  Year dependent  Year independent  Both year dependent and Year independent  None of the above 10. Fiscal year which is calendar year can have  12 NORMAL PERIODS  Less than 12 normal periods  More than 12 normal periods  None of the above 11. While designing an enterprise structure the elements must be defined as  Segment  Business area  Profit center  Functional Area  All of the above 12. Where is the billing document created?  Sales and Distribution  Material Management  Accounting  Financial accounting 13. Retained earnings account is  Specific to company code  Specific to client  Specific to Chart of Account  All of the above 14. Which of the following is the first step in the variants principle?  Define Variants  Assign the variant to the objects  Determine value for the variant  Create multiple variants 15.. The G/L account becomes a complete G/L account a. if we have added the company code segment to chart of account segment b. if we have created both company code segment and chart of account segment centrally c. if we have created chart of account d. if we have copied the chart of account segment from other company code 16.. If we are using the same chart of account in more than one company code a. the company code segments are same in all company codes b. the account name and account number is the same in all company codes c. the currency in company code segment in all company codes is the same d. the group account number is different in all company codes 17. The appearance of an account master data is based on a. account number b. field status c. chart of account d. none of the above 18. A plant in SAP is assigned to which entity?  Company code  Storage location  GL a/c  None 19. Which of the following is a formal request to a vendor to supply goods or services with the conditions stated in it?  Purchase requisition  Request for quotation  Purchase order  None 20. Scheduling agreements are maintained at which organization level?  Storage location  Plant  Company code  Purchase organization 21. At which organizational level do you maintain source lists?   Company Code  Client  Purchasing Organization  Plant 22. During which actions does the system assign the document number for Financial Accounting?  Park  Hold  Simulate  None of the above 23. Which of the following standard currency types can you set in customizing activity "define setting for ledgers and currency type"?  Material Ledger Currency  Transaction Currency  Local Currency  None of the above 24. You want to make the Reference Document Number field required for entry. Which object controls this setting? Please choose the correct answer.  Document type  Document reference key  Document field status  Document posting key 25. The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps?   Account selection Item selection Dun line items  Item selection Dun account Dun line items  Item selection Dun line items Dun account  Account selection Dun line items Dun account 26. In which of the following type of account, the balance is carried forward to the same account?  Balance sheet  P&L statement  Cash flow statement  Imputation statement 27. As a standard, when you create a G/L account, SAP S/4HANA takes which of the following as the default account currency?  Local currency  foreign currency  Global currency  Custom currency 28. Which of the following statements is NOT true regarding Balances in Local Currency?  If the master data record has the Only Balances in Local Currency indicator selected, then the transaction figures are managed only for amounts that have been converted into the local currency.  Set the Only Balances in Local Currency indicator in the cash discount account and the GR/IR clearing account.  You must avoid setting Only Balances in Local Currency indicator in reconciliation accounts for customers or vendors.   Only Balances in Local Currency indicator is usually set in balance sheet accounts that are managed in foreign currencies or on an open item basis. 29. APP full form  Automatic payment program  Automated payment program  c)Automatic paying procedure  d)Automatic program of payment 30. OBD4 Is used for  Define field status  Define document  Define account Group 31. What is the t code for viewing report screen of customer?  FBL1N  FBL5N  FBL6N 32. Posting key of a line- item controls?  Account group  Debit and Credit  Document type  None of the above 33. A company wants its product and services to be in different invoice. Separate invoice for product and services are maintained. What should be the dunning procedure, if he wants to send separate notice?  a)Dunning area  b)Dunning level  c)Dunning text  d) Dunning procedure 34. PPV stands for?  Posting period variant  Posting payment variant  Payment period variant 35. Document type for customer payment  DZ  KZ  DR  DA 35. Segment is derived from?  Profit centre  Cost centre  Client  Company code 36. Account number of vendor is created at?  Client level  Master data  Cost  Profit center 39. field status group is mainly used for  to define which fields are displayed while posting the trans. to G/L a/c  It controls fields during master record Posting master  it controls line items during document posting.  All of the above 40. Which of the following are true  any payment block can be removed in payment proposal edit  only line -item payment block can be removed during the payment proposal  items that cannot be paid are deleted in the exception list 41. The maximum dunning levels can be defined in dunning procedure are  four  six  nine 42. Depreciation postings can be executed  through background processing (batch input session)   direct FI postings  any one of the above 43. Which object has to be used to avoid a change of reconciliation account in the customer's master data?  The field status of the activity  The field status of the posting key  The field status group of the reconciliation account  The field status of the customer account group 44. Tolerance group are applied for ?  Vendors and customers  General Ledger  Employee  All of the above 45. posting period variant used for A) to control which accounting period is open for posting.  B) To define the fields  C) Both  D) none 46. FS00 is used for?  Ledger creation  Ledger posting  Ledger report   None of the above 47. f-02 is used for?  Ledger posting  Ledger reversal  Ledger creation  None of the above 48. OX02 is used for  Creating company code  Creating parent company  Creating business area  Assigning Parent company to company code 49. Maximum number of sessions a user can open when he logs on to SAP a. one b. three c. five d. six 50. Company code can have a. one local currency only b. two local currencies c. any no. of local currencies d. none of the above 51. Postings in a company code are done in G/L account of a. consolidation chart of accounts b. operative chart of accounts c. country chart of accounts d. all of the above 52. Which of the following statements is true a. company can use indirect exchange rate only b. company use direct exchange rate only c. company can use both direct and indirect exchange rates 53. Posting in a G/L account is controlled by a. account group of the G/L account b. field status group in the chart of accounts segment c. field status group in the company code segment d. all of the above 54. Each G/L account code in group COA can be mapped to following no. of account codes in operating COA a. only one account code b. maximum three account codes c. many account codes d. it cannot be mapped 55. Business area once defined is available for use to a. all company codes in the client b. all company codes in all the clients c. only to the company codes to which the business area is assigned to d. all company codes assigned to the company to which the business area is assigned 56. In the payment process, automatic options to the users are a. select open invoice to the paid or collected, and post payment documents b. post payment documents and print payment media c. select open invoices to be paid or collected, post payment documents and print payment media 57. Account groups are used to control the following properties a. field status of transaction fields b. field status of master fields c. field status of master fields and number range d. field status of master fields, number range and whether accounts are p&L or B/S 58. You can post transactions to an account in any currency only if a. account currency is not maintained b. account currency is same as local currency of the company code c. account currency is different from company code currency d. under all circumstances 59. a. 2 local currencies, chart of account b. 3 local currencies, chart of account c. 2 local currencies, company code d. 3 local currencies, company code 60.. Financial statements can be generated in a. local currency b. document currency c. controlling area currency d. any currency for which customization is maintained 61. Check management with relation to outgoing payments is possible for open items for a. vendors b. vendors and customers c. vendors, customers and G/L accounts d. vendors and G/L accounts 62. If you do not want to enter a document with provision for updating the ledger on approval from authorized officials, you use the following functionality a. parked document b. sample document c. account assignment model d. recurring document 63. In which of the following processes do the original invoices remain as open items a. residual payment b. partial payment c. charge off difference d. distribute difference 64. What are the different account types in SAP? a. customer, vendor, GL b. customer, vendor, GL, asset, material c. customer, vendor d. customer, vendor, asset 65. What are the three data types in SAP a. master data, transaction data, and balance data b. master data, table data, and user data c. master data, table data, and transaction data d. table data, user data and transaction data e. master data, table data and server data 66. Which of the statements are true when running the dunning program a. we can edit proposal b. we cannot delete the proposal c. we can recreate the proposal until the dunning clerk is satisfied with the result d. after completing the dunning proposal list, dunning data is updated in the master records of respective customer/ vendor answer: A,C 67. What are the components of enterprise structure? A Client B Company C Company Code D Charts of accounts Answer: a, b, c 68. When the Open Item Management indicator is set in the master record for a general ledger account, the items posted to this account can be in which of the following states? a. Open b. Cleared c. Blocked d. Closed Answer: a, b 69. Which entries do you define when maintaining a G/L account? There are 3 correct answers to this question. a) Account Type b) Field status group c) Profit centre d) Account group e) Ledger assignment Answer: a, b, d 70. Which of the following standard currency types can you set in customizing activity "define setting for ledgers and currency type"? There are 2 correct answers to this question. a) Material Ledger Currency b) Transaction Currency c) Local Currency d) Group Currency Answer: c, d