Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

What information is maintained on the storage view of a material master record?

Choose the correct answer.

Procurement time

Storage conditions

Material description

Material type

Which document does the SAP S/4HANA system create when you post a goods receipt?

Choose the correct answer.

Purchase order

Material document

Sales order

Customer invoice

What is the main purpose of Management Accounting in a company?

Choose the correct answer.

To manage the company's shareholder relations.

To oversee the company's legal matters.

To analyze financial data for planning, controlling, and evaluating the company's performance.

To implement the company's marketing strategies.

Which of the following statements about the business partner data in SAP are correct?

There are two correct answers.

General data includes the company's marketing strategies and sales targets.

General data includes information such as vendor's address, control data, bank details, and contact persons.

The payment methods for transactions are part of the General data.

Financial Accounting data, maintained at company code level, includes details like the link to the General Ledger Accounting, correspondence information, and transaction payment methods.

General data and Financial Accounting data are always maintained at the same level within the system.

Which information does the purchase order item contain?

There are two correct answers.

The supplier

The material

The ordered quantity

The purchasing organization

What records are created for bike frames or wheels that are manufactured in-house?

Choose the correct answer.

Raw material records

Semi-finished material records

Finished material records

Purchasing material records

Which documents does the system create when you post a goods receipt?

There are two correct answers.

Material document

Accounting document

Supplier invoice

Customer invoice

When you create a purchase order, from which master data objects does the system suggest default values?

There are three correct answers.

Business partner

Purchasing info record

Material master

Inspection plan

Routing

What is the main role of Accounts Payable Accounting (FI-AP) in a company?

Choose the correct answer.

To manage relationships with customers

To record business transactions related to relationships with suppliers

To oversee the company's legal matters

It assists in tracking and recording customer interactions and sales

10.

What is the purpose of Financial Accounting in a company?

Choose the correct answer.

It is about making sales projections.

It is used to prepare balance sheet, income statement, and cash flow statement.

To conduct foreign currency transactions.

To manage the company's stock portfolio