Knowledge quiz

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

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

Choose the correct answer.

To categorize specific types of activities

To create new data entries

To delete existing data entries

To analyze web traffic

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

Choose the correct answer.

It enables automatic conversion of currency

It facilitates cross-border euro payments within the European Union

It updates customer data in real time

It predicts future consumer behavior

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 enables collection agencies to ignore dispute cases

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

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

It allows payments to be posted on account

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 adjusts the invoice

It updates the payment

It carries forward the difference to a new invoice

It records the difference as an open item

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

There are three correct answers.

Payment amount doesn't match the invoice

Incorrect Payment Method

The payment reference number is incorrect

The payment was not recorded

Purchase order missing

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

Choose the correct answer.

A residual payment

An external payment

A payment on account

A partial payment

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

Choose the correct answer.

A system that automatically charges customers after each purchase

A system where customers initiate their own transactions or payments

A system that auto-renews customer's subscriptions

A system that helps to manage customers' wish lists

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.

A notification is sent to the customer

A dispute case is immediately created

The account is suspended until it is manually reviewed

The discrepancy is ignored and processed normally

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

Provides a more user-friendly interface

Streamlines financial reporting and auditing procedures

Enhances graphics and visuals on the platform

10.

The posting steps in automatic incoming payments are as follows:

Choose the correct answer.

Subledger accounting, then bank accounting

Bank accounting, then subledger accounting

Bank Accounting only

Subledger accounting only