T or F: Each SAP Fiori application is built around the user, rather than the function. -
ANSWERS✔✔ True
SAP Fiori applications can be classified as which of the following:
A. Factsheet
B. Educational
C. Transactional
D. Analytical - ANSWERS✔✔ A, C, D
What roles are needed to create a vendor business partner?
A. Customer
B. Supplier
C. FI Customer
D. Driver
,Bonus: What other roles are needed to create a vendor business partner? - ANSWERS✔✔ B- in
addition, you need BP General and FI Vendor
T or F: A company code is the basic organizational unit in Management Accounting. -
ANSWERS✔✔ False - controlling area is the basic organizational unit
Which of the following statements is true?
A. A controlling (CO) area is the basic organizational unit in Financial Accounting
B. A CO area is the highest organizational unit in Management Accounting
C. A plant can only be assigned to one company code
D. A company code can be assigned to only one controlling area
E. You can assign a sales organization to many company codes - ANSWERS✔✔ C, D
Client, plant, and ___________ are examples of organizational levels that play a role in the
maintenance of material master records.
A. Transaction
B. Master Data
C. Storage Location
D. Company Code - ANSWERS✔✔ C
Which of the following statements about the Material Master is false?
A. The material master defines how a product is purchased.
B. The material master defines how a product is sold.
C. The information in the material master is grouped into views that are organized by users.
, D. The material master contains the information that a company needs to manage a type of
material - ANSWERS✔✔ C
T or F: In SAP S/4HANA Finance, a Company Code can be assigned to multiple Controlling
Areas - ANSWERS✔✔ False
What organizational data is used in Management Accounting?
A. Company Code
B. Cost Center
C. Controlling Area
D. Internal Order - ANSWERS✔✔ C - in addition, you use operating concern
Which of the following are tasks of Financial Accounting?
A. Financial Accounting posts all financial transactions, revenues, and expenses.
B. Financial Accounting provides data for cost center managers.
C. Financial Accounting analyzes cost variances and inefficiencies in the company.
D. Financial Accounting allows the setting up of a profit and loss statement and a balance sheet. -
ANSWERS✔✔ A, D
T or F: In G/L accounting, you can deal with different reporting standards by using parallel
ledgers. - ANSWERS✔✔ True
Select all correct answers about General Ledger Accounts.
A. Created in Financial Accounting (FI)
B. Created in Management Accounting (CO)
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