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An engaging and informative illustration depicting SAP Finance concepts, featuring graphs, G/L accounts, and asset accounting visuals in a dynamic, professional style.

SAP Finance Challenge

Test your knowledge of SAP Finance with this engaging quiz! Designed for finance professionals and SAP enthusiasts alike, our quiz covers a wide range of topics from general ledger accounts to asset accounting.

Prepare for the challenge with:

20 multiple-choice questions
Instant feedback on your answers
The opportunity to enhance your SAP finance expertise

21 Questions5 MinutesCreated by CalculatingCloud42

Which data sections are part of every asses class? There are 2 correct answers to this question

Valuation area data section

Account determination data section

Depreciation data section

Master data section

Which of the following steps are parts of the process of configuring the payment program? There are 3 correct answers to this question

Configure the payments methods for each company code

Configure the house banks

Configure the paying company codes

Configure the G/L account field status for document entry

What account types can you use to classify general ledger accounts in SAP S/4Hana?

Secondary costs

Balance sheet

Reconciliation accounts

Non-operating expense or income

Which of the following information is entered in the chart of accounts segment of a G/L account? There are 3 correct answers to this question

Consolidation field

Control fields

Currency fields

Account number

Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to this question.

What is controlled by the terms of payment? There are 3 correct answers to this question.

Identify the criteria that usually differentiate between document change rules. There are 2 correct answers to this question.

Company code

Account type

Open items

Asset clas

What must you do when you set up depreciation areas? Please choose the correct answer

Define the valid depreciation keys for each depreciation area

Assign leading depreciation area area 01 to leading ledger OL.

Define the relevant asset classes for each depreciation area.

Assign an accounting principle for each depreciation area.

Which statements best describe extension ledgers in SAP S/4HANA? There are 2 correct answers to this question

Extension ledgers can have different currencies than the underlying ledger.

Extension ledgers can be assigned their own fiscal year variant.

Multiple extension ledgers can point to the same underlying ledger.

Extension ledgers can be assigned their own posting period variant

For which of the following can you park documents? There are 2 corrects answers too this question.

General ledger accounts

Material accounts

Sales invoices

Customers accounts

Which fields of a financial accounting document influence the automatic payment program? There are 3 correct answers to this question

Payment type

Payment term

Payment block

Payment method

What do you configure to allow cross-company-code transactions? There are 2 correct answers to this question.

Account types

Clearing accounts

Posting keys

Special G/L indicator

You are responsible for configuring document splitting. What are some of the key settings? There are 2 correct answers to this question.

Document type

Document number range

Field status variant

Business transaction variant

Which of the following options can you use to change the G/L account master data using collective processing? There are 3 correct answers to this question.

Change account descriptions

Change company code data

Change client level data

Change chart of accounts data

For which of the following special G/L transactions does the SAP/S4HANA application not update the transaction figures?

Customer account

Special general ledger account

Vendor account

Noted items

Your customer performs pre-closing activities on the last day of the month. Which activities are typically executed during pre-closing? There are 2 correct answers tot this question.

Process bad debt expenses for accounts receivable

Create the asset history sheet for asset accounting

Post recurring entries for the general ledger

Perform foreign currency valuation for accounts payable

For which activities can you use an extension ledger? There are 2 correct answers to this question

Simulation of foreign currency valuation

Configuration of customs fields for financial statements

Adjustments for consolidation purposes

Parallel valuation of depreciation areas

Which of the following methods does the depreciation key define? There are 3 correct answers to this question

Asset sheet valuation method

Base method

Multilevel method

Period control method

Identify the three types of tolerances in accounting. There are 3 correct answers to this question

Special account tolerance groups

G/L account tolerance groups

Customer/Vendor tolerance groups

Employee tolerance groups

In Asset Accounting, which object do you use to handle seperate valuation for parallel accounting?

Depreciation area

Chart of depreciation

Valuation area

Depreciation key

What do you define when configuring asset classes? There are 3 correct answers to this question.

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