Knowledge quiz

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

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

When you enter an invoice with reference to a pruchase order, what does the system do?

Choose the correct answer.

The system proposes data that you cannot overwrite.

The system proposes data that you can overwrite.

The system does not propose any data.

What is the basic procurement process in an SAP system?

Choose the correct answer.

Inquiry, sales order, purchase order, and delivery

Purchase order, goods receipt, and invoice receipt

Sales order, production order, and purchase order

Goods receipt, purchase order, invoice receipt, and vendor master

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 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

What is the purpose of the product master record in the ERP environment?

Choose the correct answer.

To procure materials

To create different kinds of records

To maintain material information for each department

To manage materials in stock

Which information does a purchase order contain?

There are two correct answers.

The supplier

The ordered material and quantity

The manufacturing plant

The customer

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

Which information does a supplier invoice contain?

There are three correct answers.

Reference to a purchase order or delivery note

Invoice items

Terms of payment

Reference to a production order

Reference to a sales order

10.

What are the key advantages of SAP S/4HANA's approach to the valuation and recording of financial data?

There are two correct answers.

It consolidates financial reporting with cost-and revenue-related reporting using the same basic data.

It helps manage the company's legal matters.

It enables easy access to detailed information about cost structures and profit margins, supporting business decision-making.

It automatically sends monthly financial reports to external auditing firms.