Madanswer Technologies Interview Questions Data|Agile|DevOPs|Python - Recent questions and answers in SAP S/4HANA Record to Report

Answered: Posting key depicts_____________ in SAP S/4HANA

Tue, 12 Apr 2022 02:58:26 +0000

b) 1,2

Posting key depicts Debit indicator and Credit indicator in SAP S/4HANA

Answered: Select two components ofoverhead accounting

Tue, 12 Apr 2022 02:56:55 +0000

c) 1,2,3

General ledger, Cost center accounting and Internal order accounting are components of overhead accounting

Answered: State if the statement is true or false ‘IFRS is a set of rules which needs to be followed while reporting financial data’.

Tue, 12 Apr 2022 02:55:59 +0000

a) True

‘IFRS is a set of rules which needs to be followed while reporting financial data’.

Answered: Select a transaction which is not managed in asset accounting

Tue, 12 Apr 2022 02:55:22 +0000

b) 2,3

vendor payments and customer invoices are not managed in asset accounting

Answered: Select the processes which are carried out on periodic basis

Tue, 12 Apr 2022 02:54:35 +0000

b) 3,4

Consolidation and Foreign currency valuation processes are carried out on periodic basis

Answered: Company code is assigned to ______________.

Tue, 12 Apr 2022 02:53:41 +0000

d) Plant

Company code is assigned to plant

Answered: Select the components which is not related to record to report process

Tue, 12 Apr 2022 02:53:03 +0000

c) Bank accounting is not related to record to report process

Answered: State if the statement is true or false ‘material master is always maintained by finance team’

Tue, 12 Apr 2022 02:52:24 +0000

a) True

‘material master is always maintained by finance team’

Answered: State if the statement is true or false ‘entry date in a finanical document can be modified’

Tue, 12 Apr 2022 02:51:47 +0000

a) True

‘entry date in a finanical document can be modified’

Answered: Select the master data which can be grouped

Tue, 12 Apr 2022 02:51:10 +0000

c) 1,2,3,4

GL account, Cost center, Profit center, and Internal order are the master data which can be grouped

Answered: Select the typeof accounts which a chart of accounts can contain

Tue, 12 Apr 2022 02:50:13 +0000

c) 1,2,3,4

Assets, liabilities, Expense and Income are the typeof accounts which a chart of accounts can contain

Answered: Which transaction code can be used to post a financial transaction.

Tue, 12 Apr 2022 02:48:55 +0000

d) FB50 transaction code can be used to post a financial transaction.

Answered: Number range of a financial document is derived from _________________.

Tue, 12 Apr 2022 02:47:31 +0000

a) Company code

Number range of a financial document is derived from Company code

Answered: State if it is mandatory to do the audit of financial and legal requirements

Tue, 12 Apr 2022 02:46:45 +0000

b) Mandatory

it is mandatory to do the audit of financial and legal requirements

Answered: What is General Ledger Accounting ?

Tue, 12 Apr 2022 02:45:54 +0000

a) General Ledger Accounting refers to all financial transactions of an organization which includes assets, liabilities, revenue and expenses

Answered: A ledger represents ________________.

Tue, 12 Apr 2022 02:44:57 +0000

c) Accounting principle

A ledger represents Accounting principle

Answered: Select the application which is used as system of records for financial transactions.

Tue, 12 Apr 2022 02:44:21 +0000

d) SAP S/4HANA is used as system of records for fiancial transactions.

Answered: Record to report process involves recording of _____________.

Tue, 12 Apr 2022 02:43:24 +0000

d) Financial transactions

Record to report process involves recording of Financial transactions

Answered: Which component is used for calcyulation of product related costs.

Tue, 12 Apr 2022 02:42:20 +0000

c) profitability analysis component is used for calcyulation of product related costs.

Answered: Revaluation of materials based on actual costs’ process is handled by which module ?

Tue, 12 Apr 2022 02:41:36 +0000

c) General ledger

Revaluation of materials based on actual costs’ process is handled by General ledger module