Sap fi exam 2024 - Study guides, Class notes & Summaries

SAP Final Exam | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ General Ledger (FI)* - Answer -company's set of books and chart of accounts. Income Statement (FI)* - Answer -reports the profitability of the enterprise for a given period of time. Journal Entry (FI)* - Answer -contain information such as the general ledger account number, the short text (the name of the general ledger account), whether this line item is a debit or credit must equal, the amount, an...

OMIS 455 FINAL EXAM ACTUAL QUESTIONS AND ANSWERS 2024 WITH COMPLETE SOLUTION Financial Accounting (FI) Ledgers -General Ledger, Special Purpose Ledger, Subsidiary Ledger Goal of FI Designed to collect the transactional data that provides a foundation for preparing the standard portfolio of reports for external parties. Reports include Balance sheet, income statement, statement of cash flows. Credit control Area An organizational entity which grants and monitors a credit limit for cus...

SAP Exam 2 | Questions and Verified Solutions | 2024/2025 Latest Update | Graded A+ Which SAP components would a Sales Order be processed through? - Answer -a. Accounts Receivable b. Sales & Distribution c. General Ledger What is the main role of Financial Accounting? - Answer -To manage and record all financial transactions within a business organization Which component in SAP FI module is used to prepare the company's financial statements? - Answer -General Ledger What is the purpo...

SAP Exam Questions and Answers |100% Pass SAP - Answer-an ERP, which is a very integrated system that provides: (1) seamless flow of information across organizational boundaries (2) standardized environment that keeps data separate from applications 5 modules of SAP - Answer-MM, PP, SD, FI, CO all are very integrated Management assertions - Answer-occurence, completeness, authorization, accuracy, cutoff, classification Control activities - Answer-policies and procedures to mitigate risk...