SAP Exam 2 | Questions and Verified Solutions | 2024/2025 Latest Update | Graded A+

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 purpose of the account's payable component in the FI module? - Answer -a.Manage Vendor Information C. Record incoming invoices and outgoing payments What is the main role of the general ledger component? - Answer -To manage and record all financial transactions within a business organization Which of the following are tasks preformed in the General Ledger? - Answer -a. Post journal entriesb. Open item clearing c. Foreign currency valuation d. Trial balance reporting All general ledger accounts are created within - Answer -A chart of accounts Which of the following are general ledger reports? - Answer -a. Trial balance b. Cash flow statement c. Balance sheet d. Profit & loss statement