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SAP EXAM QUESTIONS WITH CORRECT ANSWERS LATEST UPDATED
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SAP EXAM QUESTIONS WITH CORRECTANSWERS LATEST UPDATED 2024-2025
SAP-ANSWER is an integrated ERP system that enables seamless information
flow across organizations.
(2) A standardized environment that separates data from applications.
SAP includes five modules: ANSWER MM, PP, SD, FI, and CO.
All are highly integrated.
Management assertions: occurrence, completeness, authorization, accuracy, cutoff,
and classification.
Control activities: ANSWER policies and procedures to reduce risks.
There are two sorts of control activities: ANSWER preventive
detective
There are two sorts of technological controls: general controls
Application Controls
ANSWER basic controls include technological infrastructure, security
management, technology procurement and maintenance, passwords, and things
Diaz couldn't do.
ANSWER application controls: field, completeness, limit, range, reasonableness,
sign, size, validity/closed loop verification, zero balance test.
,Client: ANSWER the highest level in the SAP instance. self-contained device has
its own set of master records and settings.
>>My identifying number: 115
>>An instance may have more than one client.
business code - ANSWER is an autonomous legal accounting entity. Client may
have more than one.
chart of accounts - answer list of all accounts in GL for a firm code.
How many chart of accounts may a firm have? Answer: ONE!
Can multiple companies have the same COA? - ANSWER Yes. Some COA are
preconfigured, and corporations may simply add and delete accounts as needed.
Roles and Profiles - ANSWER > Roles - provide the duties that can be performed
by a specific user.
>profiles are entered into the master record and perform the same function.
What is the objective of roles and profiles? - ANSWER Restrict authorization and
ensure separation of duties.
session - ANSWER each time you log into the system.
configuration - ANSWER customizing SAP system to match customer
requirements
Types of data in the SAP system: ANSWER control/configuration
, Master data
Transaction data
Control/configuration data - ANSWER SAP system/technical functions. Drive
logic
master data - ANSWER represent internal and external entities in the system and
can be accessed by any business activity that requires them.
ANSWER: Transaction data describes a business event or the outcome of a
business process.
AIS components include people, data, information, formal and documented
procedures, software, IT infrastructure, and internal controls.
>>inter-related. Failure of one component leads to failure of the entire system.
ANSWER 1: Collect and process data from economic and financial events.
2. produce data for decision-makers.
3. provide internal control over data gathering and processing.
>>and all interconnected
Internal control objectives from the COSO framework - ANSWER 1: Reliable
financial reporting.
2. Efficient and Effective Operations
3. Complying with rules and regulations
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