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Knowledge quiz

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

Q1.

What are reason codes used for in SAP S/4HANA?

Choose the correct answer.

To delete existing data entries

To categorize specific types of activities

To analyze web traffic

To create new data entries

Q2.

The posting steps in automatic incoming payments are as follows:

Choose the correct answer.

Bank Accounting only

Bank accounting, then subledger accounting

Subledger accounting only

Subledger accounting, then bank accounting

Q3.

An incoming payment that is posted with no reference to an invoice is which of the following?

Choose the correct answer.

A payment on account

A residual payment

A partial payment

An external payment

Q4.

How does SAP S/4HANA handle the difference between an invoice and a payment amount in case of a residual payment?

Choose the correct answer.

It records the difference as an open item

It updates the payment

It carries forward the difference to a new invoice

It adjusts the invoice

Q5.

What is the function of the SEPA feature in SAP S/4HANA concerning customer payments?

Choose the correct answer.

It predicts future consumer behavior

It enables automatic conversion of currency

It facilitates cross-border euro payments within the European Union

It updates customer data in real time

Q6.

What is one advantage of linking reason codes to G/L accounts in SAP S/4HANA?

Choose the correct answer.

Increases the speed of the website

Enhances graphics and visuals on the platform

Streamlines financial reporting and auditing procedures

Provides a more user-friendly interface

Q7.

What is a self-initiated payment system in the SAP S/4HANA?

Choose the correct answer.

A system that helps to manage customers' wish lists

A system that automatically charges customers after each purchase

A system that auto-renews customer's subscriptions

A system where customers initiate their own transactions or payments

Q8.

In the Accounts Receivable integration with Dispute Management in SAP S/4HANA, what immediate action is performed when a discrepancy is detected?

Choose the correct answer.

The discrepancy is ignored and processed normally

The account is suspended until it is manually reviewed

A dispute case is immediately created

A notification is sent to the customer

Q9.

How does the integration between Collections Management and Dispute Management in SAP S/4HANA enhance the effectiveness of the collections process?

There are two correct answers.

It allows collection agencies to view dispute cases information directly in the collections worklist

It enables collection agencies to ignore dispute cases

It allows payments to be posted on account

It permits the collection team to take immediate action on overdue or high-risk receivables

Q10.

What can be the possible reason for unmatched incoming payments in SAP S/4HANA?

There are three correct answers.

Purchase order missing

Incorrect Payment Method

Payment amount doesn't match the invoice

The payment reference number is incorrect

The payment was not recorded