AND ANSWERS GRADED A+
✔✔What organizational levels are included in the logistics modules in SAP S/4 HANA? -
✔✔Client, company code, plant, storage location
✔✔What are sales organizations responsible for? - ✔✔Distributing goods and services,
product liability and rights of recourse, negotiating sales conditions
✔✔What is a company code? - ✔✔A four-character alphanumeric field required in the
production environment for a business to live, and it is the smallest SAP entity that
supports a legal set of books
✔✔What is the smallest SAP entity that supports a legal set of books? - ✔✔Company
Code
✔✔A plant is one of the most important organizational units within Logistics. What role
do plants serve in Enterprise Asset Management? - ✔✔Maintenance Plant and
Maintenance Planning Plant
✔✔What must the assigned company codes and controlling area have in cross-
company-code Cost Accounting? - ✔✔Use the same fiscal calendar and the same
operating chart of accounts
✔✔What is the purpose of management accounting? - ✔✔To collect revenue and
expenses by areas of responsibility to be used for internal management reporting
purposes
✔✔What master data are in Overhead Cost Controlling? - ✔✔Cost center and internal
order
✔✔What must a controlling area and company code share when paired together? -
✔✔COA and FY variant
✔✔What is used to connect the GL to sub-ledger accounts? - ✔✔Reconciliation
accounts
✔✔What are the two main tasks for management accounting? - ✔✔Reflect costs and
revenues and provide results for individual cost objects such as cost centers, cost
objects, market segments
✔✔Does posting directly to a reconciliation account create a mirrored post in the sub-
ledger account? - ✔✔No
, ✔✔What does the General Ledger do? - ✔✔Serves as a complete record of all
business transactions
✔✔What are four components in CO? - ✔✔CO-PA, Overhead Cost Controlling, Cost
Element Accounting, Profit Center Accounting
✔✔What are tasks of Financial Accounting? - ✔✔Allows the setting up of a profit and
loss statement and a balance sheet and post all financial transactions, revenues, and
expenses
✔✔What are the two major parts that Financials can be divided into? - ✔✔Financial
Accounting and
Management Accounting
✔✔What object in CO is always a statistical object? - ✔✔Profit Center
✔✔Which of the following determines the number range available for a GL account
master record? - ✔✔Account group
✔✔Which of the following allows you to view transactions and activity for a specific
asset? - ✔✔Asset explorer
✔✔While creating an asset master record, what things must always be assigned to the
asset? - ✔✔Asset class, company code, segment
✔✔What are examples of fixed (Type 1) statistical figures? - ✔✔Square footage of a
building
Number of network connections
✔✔What master data is required to perform an activity allocation? - ✔✔Cost center,
activity type, activity price, secondary cost element
✔✔What type of cost element is used to perform an assessment in SAP ERP
Management Accounting? - ✔✔Secondary Cost Element
✔✔In what role of the Customer Business Partner will you find the customer link to the
reconciliation account? - ✔✔FI Customer
✔✔When creating GL account master data, what entries must always be assigned? -
✔✔Account group, balance sheet or P&L account type, short text
✔✔What are possibilities for maintaining infotypes? - ✔✔Fast entry, single screen,
personnel actions