S4 HANA Finance Interview Questions - Answers to come soon
1)
The Chart of depreciation has 3
depreciation areas and post APC in real time. Only one of these depreciation
areas is active for an asset that you created. How many documents are created
when you post an external acquisition to this Asset
Ø 1
Ø 2
Ø 3
Ø 4
2)
You migrated to Simple Finance.
What changes in the material ledger architecture after this migration
Ø Values for multi-level actual costing are calculated in real time
and posted to ACDOCA
Ø The Index and Total tables from material management are replaced by
tables ACDOCA
Ø All line items for material ledger are transferred to ACDOCA
Ø Prices for multiple valuations in the material master are read-ready
from table ACDOCA
3)
Which are the following tasks
do you need to perform before you install Simple Finance
Note:
3 answers are correct
Ø Define the source ledger for migration of balances
Ø Performing the period end and closing activities for Asset
accounting
Ø Reconcile material management with GL
Ø Check if all the relevant depreciation areas for parallel currencies
exist
Ø Activate New GL business functions using the activate business
function transaction SFW5
4)
Created an Appendix ledger in
Customizing. What do you now need to assign to this Appendix ledger
Ø An Account type
Ø Splitting rule
Ø Document type
Ø Authorization group
5)
Which of the following line
items will be migrated to Universal journal
Note: 2 answers are correct
Ø Accounts Receivables
Ø Cost Center Accounting
Ø Costing based COPA
Ø Classic PC
6)
You are configuring a company
code and a Controlling area in Simple Finance.
Which configuration is possible
Ø Same Fiscal year variant and different operating chart of accounts
Ø Different Fiscal year variant and same operating chart of accounts
Ø Different fiscal year variant and different operating chart of
accounts
Same fiscal year
variant and same Operating chart of accounts
7)
Which upgrade cycle does the
cloud edition of SAP S4 HANA provide
Ø Optional Annually
Ø Optional Quarterly
Ø Required Quarterly
Ø Required Annually
8)
What does the system do when
you execute the Re-generate CDS views and field mapping transaction
Note: 3 answers are correct
Ø It re-generate custom fields in CDS view
Ø It re directs SELECT statements from the concerned data base tables
to the corresponding compatible views
Ø It acts COPA tables to ACDOCA
Ø It re-directs WRITE statements from the concerned data base table to
the line item tables ACDOCA
Ø It re-generates the mapping of custom fields in the data migration
9)
In which level do you plan the
data records in Integrated Business Planning for Finance
Ø Financial Management area + Commitment item
Ø Company code + GL account
Ø Controlling area + Cost element
Ø Characteristics + Value fields
10)
You customer has used the
following system configuration for ledgers. 0L and L1 are standard ledgers.
They are assigned to ledger group GRP1. 2 appendix ledger – A1 and A2 are based
on 0L. Appendix ledger A3 is based on L1.
What happens
when there is a posting happens to ledger group L1
Ø Only L1 is updated
Ø All the ledgers are updated
Ø 0L and L1 are updated
Ø L1 and L3 are updated
11)
Which of the following business
processes posts accounting principle dependent documents in the Universal
journal entry
Note: 2 answers are correct
Ø Direct asset acquisition from vendor
Ø Periodic acquisition and production costs APC postings
Ø Order settlement to a AUC
Ø Planned depreciation
12)
Your customer uses a company
code with a fiscal year variant that has 12 normal postings and 4 special
postings in Leading ledger. The Company code is linked to a Controlling Area
that has fiscal year variant that has 12 normal and 2 special posting periods.
The parallel ledger L1 of the company code uses the fiscal year variant that
has 4 normal and 2 special posting periods. All fiscal year variants have the
same start and the end dates.
What do you need
to change to migrate to SAP Simple Finance
Ø The Fiscal year variant in FI leading ledger must be aligned with
the Controlling Area
Ø The Fiscal year variant of the Controlling Area must be aligned with
FI leading ledger
Ø The Fiscal year variant in the FI Non-leading ledger must be aligned
with the leading ledger
Ø The Fiscal year variant in all FI ledgers must be aligned to the
Controlling Area
13)
In New Asset Accounting in
Simple Finance. Which of the following tables are updated after the partial
sale of Asset
Ø Document header Asset posting – ANEK
Ø Planned depreciation and revaluations – FAAT_PLAN_VALUES
Ø Depreciation terms – ANLB
Ø Year dependent attributes for depreciation – FAAT_YDDA
14)
Which of the following
components update data in real time Universal Journal for Simple Finance
Note: 3 answers are correct
Ø O/H costing
Ø Asset Accounting
Ø Product cost for planning
Ø Account based COPA
Ø Costing based COPA
15)
Your customer is setting up a
New Simple Finance system for a new subsidiary. The customer wants to migrate a
custom ALV report that read from the table FAGLFLEXT from its legacy SAP ECC
6.0
What would you do before proposing a
solution
Note: 2 answers are correct
Ø Check if you can transfer the data from Simple Finance system to
Legacy system SAP 6.0 and export the report from there.
Ø Check if the new standard delivered system including SAP FIORI
includes a report that could cover the customers requirement
Ø Check if there are custom fields in FAGLFLEXT on the legacy system
that was used in the report and not available in the new system
Check if you can
setup a separate BW system and feed the data from both systems to the SAP BW
system to export the report from there
16)
How can you setup the Material
ledger to update the Universal Journal in Simple Finance
Ø Use the material ledger Costing run
Ø Configure the material ledger with price determination indicator 3
Ø Use the material ledger alternative valuation run
Ø Configure the material ledger with price determination indicator 2
17)
What can you do with parallel
accounting using GL accounts fields in the company code settings for
Ledgers
Ø Assign more than 1 accounting principle to a ledger
Ø Use the Second additional currency field for new installation
Ø Define different accounts for each accounting principle in Asset
accounting
Ø Assign Appendix ledger to the ledger
18)
Your customer defines the
Internal Order with a profitability segment as a receiver in the settlement
rule
Which financial documents is generated when
you post a invoice to the Internal Order
Note: 2 answers are correct
Ø Costing based Profitability document
Ø Asset accounting document
Ø Controlling document
Ø Accounting document
19)
The system is on SAP Simple
Finance. You have defined 3 accounting principles with corresponding
depreciation areas that posts in real time. You post a partial scrapping to the
IFRS accounting principle for an asset.
How many documents are created
Ø One ledger groups specific documents for the IFRS accounting
principle
Ø One operational entry document and one ledger group specific
document for IFRS accounting principle
Ø One operational entry document and one ledger groups specific
document for each accounting principle
Ø One ledger group specific document for each accounting principle
20)
You activate Account based COPA
in SAP Simple Finance. Which benefits does it provide
Note: 2 answers are correct
Ø You no longer need to execute settlement for COPA
Ø You can freely define & post to value fields
Ø You can update profitability attributes for every Profit/Loss line
item
Ø The system derives profitability attributes during posting
21)
You customer wants to specify
the document types used for Controlling transactions.
On which of the following levels can you
specify the document types
Note: 3 answers are correct
Ø Controlling Area
Ø Controlling Business transactions
Ø Valuation Area
Ø Cross company postings
Ø Company code
22)
A customer is using Simple
Finance. Accounts approach for parallel valuation is used. There are 2 parallel
currencies and 3 accounting principles. Your customer wants to configure the
New Asset Accounting, additionally the customer wants to evaluate the delta
between values for the accounting principles for each asset classes in the
company code currency
What is the minimum number of depreciation
areas that you need to configure
Ø 6
Ø 9
Ø 12
Ø 15
23)
What are the benefits of
Integrated Business Planning for Finance
Ø GL Historic planned data can be migrated to the new solution
Ø Existing planned data processes are no longer required
Ø Templates for standard planning scenarios are provided
Ø New Single table is available to store all the planning data
24)
Your customer is using classic
GL in SAP ERP. How can the customer migrate to SAP Simple finance and also take
the advantage of document splitting
Ø Migrate to New GL at the end of this period and migrate to Simple
finance at the end of the future period
Ø Migrate to New GL at the end of this fiscal year and Migrate to
Simple Finance at the period end
Ø Migrate to new GL at the end of this fiscal year and Migrate to
Simple Finance at the end of the subsequent fiscal year
Ø Migrate to Simple Finance at period end and introduce New GL
functions later
25)
In the New Asset Accounting in
Simple Finance, what has changed in the posting logic
Ø The Accounting principle specific documents inherit the document
type from the operational entry document
Ø The same reconciliation account applies for all accounting
principles
Ø The operational entry document updates the asset values directly
Ø Additional accounting principles specific documents are always
created
26)
What is the benefit when using
Central finance in SAP Simple Finance
Ø You can use Simple finance with classic GL features
Ø You avoid the financial consolidation for separate legal entities
Ø You avoid migrating the legacy system to Simple Finance
Ø You can move the existing landscape system to cloud
27)
Your customer wants to migrate
from Classic GL directly to SAP Simple Finance. What must you do
Ø Enable Document Splitting
Ø Use a New GL Migration service
Ø Use the provided migration guide and migration monitor
Ø Wait until the year and then start migration
28)
Customer has the central user
maintenance system where users maintain the single password for all IT systems.
The business user reported that they cannot access the SAP FIORI Launchpad and
the system reports that the user has locked. The same user can access SAP ERP
using the GUI without any problems
What do you need
to do to provide the access for FIORI Launch Pad
Ø Reset the user and SAP GUI for the backend server
Ø Reset the users password in the Central System
Ø Unlock the user in the SAP GUI for the frontend server
Ø Re-assign the user in the SAP FIORI Launchpad designer
29)
What Asset accounting data
updates the Universal Journal in SAP Simple Finance
Ø Actual, Statistical and Planned postings
Ø Actual and Statistical postings
Ø Actual and Planned postings
Ø Actual Postings
30)
Which of the following CO
transactions generate entries for COEP table as PRIMA NOTA in Simple Finance
Note: 2 answers
are correct
Ø Reposting of cost and revenues
Ø Manual Activity allocation
Ø Internal Order Settlement
Ø Assessment Cycle posting
31)
Which posting period checks
takes place when you post Controlling relevant documents in Simple Finance
Note: 2 answers
are correct
Ø General ledger period opening and closing
Ø Controlling Period Lock
Ø Asset Accounting Period Lock
Ø Material management period
32)
Why do you create an Appendix
Ledger in Simple Finance
Note: 3 answers
are correct
Ø To distribute postings between FI and CO
Ø To distribute revenues differently
Ø To post in closed periods
Ø To save postings for different depreciation areas
Ø To Post adjustments for Consolidation purposes
33)
How are Settlement rules for
AUC defined in New Asset Accounting
Ø The system defines the settlement rules per accounting principle
from the investment object
Ø The system defines the settlement rule per accounting principle
based on Asset classes
Ø You define a single asset for settlement for all lines per
accounting principle
Ø You define settlement rules for all line per accounting principle
34)
A system is configured with
document splitting to produce Profit/Loss statement at the profit center level.
All accounts are
always split by Profit center. You post the vendor invoice document before you
migrate to SAP Simple Finance. Credit: vendor and Debit: Office Supplies and
Transportation costs. 2 expenses are posted to separate profit centers. The
invoice carries 10% purchase tax for both (same tax code)
How many lines
will be created in the Universal Journal during Migration
Ø 4
Ø 5
Ø 6
Ø 8
35)
The Customer uses Classic GL
and plans to migrate to SAP Simple Finance.
What can you do
in combination with this migration
Ø Eliminate reconciliation with CO
Ø Change parallel accounting for the account approach to the ledger
approach
Ø Introduce Document splitting
Ø Introduce additional parallel ledger
36)
A customer is currently using
BPC and HANA Database. The customer is in the process of setting up of Central
Finance system with Simple Finance premise Edition and wants to use Integrated
Business Planning for Finance instead of BPC
What is the
benefit of using IBP for finance in the scenario
Ø Pre-installed SAP Fiori Apps for planning are provided
Ø Advanced IBPF consolidation capabilities are provided
Ø BPC for SAP Net-Weaver licensing fees are not required
Ø The amount of data that needs to be reconciled between systems is
reduced
37)
What is added to the migrated
line items to calculate totals when you migrate balances to Simple Finance
Ø The delta from the parked document
Ø The delta from the Index document
Ø The delta from the totals table
Ø The delta from the Controlling tables
