Question Bank
Browse the complete repository of 15 questions.
| Question | Topic | Sub-Topic | Difficulty | Explanation |
|---|---|---|---|---|
| What is the primary purpose of a Company Code in SAP S/4HANA? | FI | General Ledger | easy | A Company Code is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up for purposes of external reporting. |
| Which of the following is a key component of the General Ledger (G/L) in SAP FI? | FI | General Ledger | easy | The Chart of Accounts is a fundamental component of the General Ledger, containing the definitions of all G/L accounts. |
| What does a Cost Center represent in SAP CO? | CO | Cost Center Accounting | easy | A Cost Center is an organizational unit within a controlling area that represents a defined location of cost incurrence. For example, a department like Marketing or HR. |
| What is the primary function of the Controlling (CO) module? | CO | Cost Center Accounting | easy | The CO module is used for internal management decision-making and provides information to managers to help them manage costs and operations within the company. |
| In Asset Accounting (FI-AA), what is the role of the "depreciation key"? | FI | Asset Accounting | medium | The depreciation key contains the control parameters for the calculation of depreciation, such as the calculation method (e.g., straight-line) and the useful life. |
| What is the purpose of the Accounts Receivable (AR) sub-module in SAP FI? | FI | Accounts Receivable | medium | The Accounts Receivable sub-module records and manages all accounting data of all customers. It is an integral part of sales management. |
| What is the difference between a primary cost element and a secondary cost element in SAP CO? | CO | Cost Center Accounting | medium | Primary cost elements correspond to G/L expense accounts in FI and are used to post costs from FI to CO. Secondary cost elements exist only in CO and are used for internal cost allocations. |
| What is an "assessment" in SAP CO used for? | CO | Profitability Analysis | medium | Assessment is a method of allocating costs in CO. It uses a secondary cost element to transfer costs, and the original cost element information is not recorded on the receiver. |
| In the context of the New General Ledger in SAP S/4HANA, what is the purpose of "document splitting"? | FI | General Ledger | hard | Document splitting is a key feature of the New G/L. It splits line items based on defined splitting rules to ensure that characteristics like Profit Center or Segment are populated across all lines, enabling balanced financial statements for these entities. |
| What is the primary advantage of using Material Ledger with Actual Costing in S/4HANA CO? | CO | Profitability Analysis | hard | The Material Ledger allows for the valuation of materials in multiple currencies and using different valuation approaches. When combined with Actual Costing, it calculates the actual cost of materials at the end of a period by rolling up all variances, providing a more accurate product cost. |
| What does "Dunning" refer to in Accounts Receivable? | FI | Accounts Payable | easy | Dunning is the process of methodically communicating with customers to ensure the collection of accounts receivable. It involves sending reminders for overdue invoices. |
| What is a "Controlling Area" in SAP? | CO | Cost Center Accounting | easy | A Controlling Area is the main organizational unit in Controlling (CO). All internal cost and revenue tracking happens within a controlling area. One or more company codes can be assigned to a single controlling area. |
| What is the purpose of the "Financial Statement Version" (FSV)? | FI | General Ledger | medium | A Financial Statement Version is a hierarchical structure that defines how G/L accounts are grouped and displayed in financial statements, allowing for flexible reporting according to different accounting principles (e.g., GAAP, IFRS). |
| In Profitability Analysis (CO-PA), what is a "Value Field"? | CO | Profitability Analysis | medium | In costing-based CO-PA, Value Fields are used to store the monetary or quantity values that you want to analyze. Examples include revenue, sales deductions, cost of goods sold, etc. |
| How does the Universal Journal (ACDOCA table) in S/4HANA simplify the financial architecture? | FI | General Ledger | hard | The Universal Journal, table ACDOCA, is the "single source of truth" in S/4HANA Finance. It eliminates many old total and index tables by storing all financial line items from various modules in one place, which greatly simplifies the data model and enables real-time reporting without data reconciliation. |