SAP S/4HANA Finance demos Questions and Answers

Question#1 In SAP S/, Cost element category 90 is replaced by an indicator ‘apply acct assignment statistically in Fixed Asset/ Material Acct’.

a) True

b) False

Answer# True

Question#2 In SAP S/4HANA, Automatic Creation of Primary and Secondary Cost Elements functionality is still available.

a) True

b) False

Answer# False

Question#3 In SAP S/4HANA, Cost element still updated in master data tables CSKA, CSKB along with SKA1, SKB1.

a) True

b) False

Answer# True

Question#4 In S/4HANA, COPA characteristics are appended in the Universal Journal table i.e. ACDOCA.

a) True

b) False

Answer# True

Question#5 In SAP S/4HANA, Secondary cost element is created as GL account.

a) True

b) False

Answer# True

Question#6 In SAP S/4HANA, How many freely defind currency type can be used for company code.

a) 10

b) 8

c) 9

Answer# 8

Question#7 In SAP S/4HANA, What is the maximum currencies can be used for the company code.

a) 10

b) 8

c) 9

Answer# 10

Question#8 Incase of multi GAAP, In which approach multiple accounting principles are assigned to one ledger.

a) ledger approach

b) accounts approach

c) Combination of ledger and accounts approach

Answer# accounts approach

Question#9 Leading ledger and Non leading leder for the company code can have different.

a) both fiscal year variant and Posting period variant

b) posting period variant

c) fiscal year variant

Answer# both fiscal year variant and Posting period variant

Question#10 In SAP S/4HANA , Which table replaces BSEG and FAGLFLEXA.

a) ACDOCA

b) ACDOCP

c) ADDCCA

d) ADCOCA

Answer# ACDOCA

Question#11 Extension ledger derive data from standard ledger.

a) True

b) False

Answer# True

Question#12 In SAP S/4HANA, Non operating income and expense GL account also needs cost element category.

a) True

b) False

Answer# True

Question#13 In SAP S/4HANA, Operating concern environment is generated for

a) Account based COPA only

b) Both Cost and account based COPA

c) Cost based COPA only

Answer# Both Cost and account based COPA

Question#14 In SAP S/4HANA, Which preferred option to manage multiple GAAPs

a) accounts approach

b) ledger approach

c) Combination of ledger and accounts approach

Answer# ledger approach

Question#15 Incase of multi GAAP, In which approach one accounting principle is assigned one ledger.

a) ledger approach

b) accounts approach

c) Combination of ledger and accounts approach

Answer# ledger approach

Question#16 COGS stands for __.

a) Cost of goods selected

b) Cost of goods stored

c) Cost of goods sold

Answer# Cost of goods sold

Question#17 COGS Split happens at the time of _.

a) Billing

b) payment

c) Sales order creation

d) delivery and Post goods issue

Answer# Sales order creation

Question#18 COGM also includes sales overhead.

a) True

b) False

Answer# False

Question#19 COGS Split happens in only with MTS scenario.

a) True

b) False

Answer# False

Question#20 In SAP S/4HANA 1809, COGS Split also happens on actual revaluated value.

a) True

b) False

Answer# True

Question#21 If costing based profitability analysis is active, COGS split based on valuation strategy would still work.

a) True

b) False

Answer# True

Question#22 COGS also includes sales overhead

a) True

b) False

Answer# True

Question#23 COGM stands for

a) Cost of goods manufactured

b) Cost of goods manipulated

c) Cost of goods marketed

Answer# Cost of goods manufactured

Question#24 How many accounting documents gets generated at the time of PGI in the COGS split process.

a) three

b) two

c) one

Answer# two

Question#25 COGS split can be visualized only in controlling document

a) True

b) False

Answer# False

Question#26 In SAP S/4HANA 1809, COGS Split also happens on actual revaluated value.

a) True

b) False

Answer# True

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