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| Section | Objectives |
|---|---|
| Financial Accounting in SAP | - Accounts Payable and Accounts Receivable
|
| SAP Financial Management Integration | - Integration with SAP S/4HANA
|
| Management Accounting | - Profitability Analysis
|
| Positioning SAP Business Suite and SAP Financial Management Solutions | - SAP Business Suite positioning and architecture overview
|
1. Which solution helps multi-ERP system clients centralize their accounting and reporting system?
A) SAP Advanced Financial Closing
B) SAP Integration Suite
C) SAP S/4HANA Cloud for central finance
D) SAP Analytics Cloud
2. What is the core function of the SAP Identity Access Governance solution?
A) Identifying, analyzing and neutralizing cyberattacks.
B) Performing risk assessments and strategic planning.
C) Supporting adherence to regulatory requirements.
D) Managing user authorizations and permissions.
3. How does SAP Sanctioned Party Screening support compliance?
Note: There are 2 correct answers to this question.
A) Manages stock requirements and inventory levels.
B) Analyzes sales data to identify market trends.
C) Provides efficient review workflows.
D) Performs automatic blocking of transactions.
4. What does the Recognize capability to the Quote-to-Cash process refer to?
A) Using customer data for creating new products and encouraging purchases, supporting renewal, upsell, cross-seta initiatives.
B) Flexibly creating bundled products, services, or subscriptions with varying pricing plans, eg, mobile phone plans.
C) Adherence to accounting rules for correct revenue reverting Including integrations with financial systems for ASC 606.IFRS 15, and tax compliance.
D) Automated payment collection for on-time payments, a unified system for handling receivables, collections, credit, and automating partner revenue-share settlements.
5. Which of the following accurately describes components of the Record to Report (R2R) process within SAP S
/4HANA?
Note: There are 2 correct answers to this question.
A) Financial Accounting excludes tasks related to multiple ledgers and currency valuations.
B) Embedded analytics tools provide real-time analytics and compliance support through features like audit trails.
C) The Universal Journal captures all financial data, ensuring a single source of truth.
D) SAP S/4HANA Finance for group reporting is used for decentralized corporate financial consolidation efforts.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: C,D | Question # 4 Answer: C | Question # 5 Answer: B,C |
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