Q1 : List the key features of the SAP Simple Finance?
A : The following are some of the available key features of the SAP Simple Finance:
Financial Planning and Analysis
With SAP Simple Finance, companies can forecast, budget and plan as an ongoing approach. With the advantage of Predictive Analysis, companies can forecast the influence of business decisions on their organization financial reports.
Finance and Accounting
With the benefits of advanced Accounting and Finance features, companies can satisfy the legal terms. Further, they can finish the reports of Finance on time.
Financial Risk Management
With the benefit of Predictive Analysis, companies can determine the risks present in the processes of the Finance at the initial stage itself and take steps to solve them. It is effortless to determine the best feasible investment rates regarding the market standards.
Compliance and Risk Management
With the strong financial approach, it is effortless to avoid unauthorized access to important data in the enterprise. It is simple to identify abuse as well as fraud. The companies can able to balance the risk involved in entire financial processes.
Q2 : State the main difference between the migration to SAP S/4HANA On-Premise and migration to SAP S/4 Finance?
A : There is no notable difference between the migration to SAP S/4 HANA On-Premise and migration to SAP S/4 Finance from the perspective of Finance. On the other hand, because of the logistics influences, it is suggested to consider several things with SAP S/4 HANA.
Q3 : List the key features of the Sap Simple Finance?
A :
The following are some of the available key features of the SAP Simple Finance:
Financial Planning and Analysis:
With SAP Simple Finance, companies can forecast, budget and plan as an ongoing approach. With the advantage of Predictive Analysis, companies can forecast the influence of business decisions on their organization financial reports.
Finance and Accounting:
With the benefits of advanced Accounting and Finance features, companies can satisfy the legal terms. Further, they can finish the reports of Finance on time.
Financial Risk Management:
With the benefit of Predictive Analysis, companies can determine the risks present in the processes of the Finance at the initial stage itself and take steps to solve them. It is effortless to determine the best feasible investment rates regarding the market standards.
Q4 : How is Account Type related to Document type?
A : We can differentiate the document type with a 2-character code like DG and so on but an account type is designated by a single character code like D and so on. Specifying which debts a unique file can be posted to. The frequent account sorts include:
- A Assets
- D Customer (Debtor)
- K Vendor (Creditor)
- M Materials
- S GL
Q5 : How is the SQL statement executed?
A : In the database of the HANA, each SQL query statement is executed with the transaction reference. For each new transaction, a new session is allotted.
Q6 : What is a Document Header?
A : The Document Header contains information that is valid for the whole document such as:
• Document Date
• Document Type (Control Information)
• Document Number
• Posting Date
• Posting Period
• Company Code
Q7 : What is the difference between logistics and transport?
A : The difference between logistics and transport is:
Logistics: Logistics is referred to as the procedure of managing goods, resources, and information from the source to the consumers in a manner that it fits the requirements of both parties.
Transportation: Transport is the movement of the goods from one point to the other. It is considered as part of logistics.
Q8 : What are the various components of Sap Hana?
A :
- SAP HANA DB
- SAP HANA Appliance
- SAP HANA Studio
- SAP HANA Application cloud
Q9 : Explain what is wave picking?
A : Wave picking is a technique of assigning orders into groups and release them together, so as to allow several activities to run parallel and complete the task.
Q10 : What are posting keys? State the purpose of defining posting keys?
A : Posting keys determine whether a line item entry is a debit or a credit as well as the possible field status for the transaction. Posting keys are SAP delivered. If u want changes like making additional fields optional on payment type posting keys then the best possible action is to copy the posting key that needs to be modified and then modify it.
Q11 : State The Ways Of Migration From Sap To Simple Finance?
A : Here are some of the ways that state how the companies can migrate from SAP conventional FICO module to Simple Finance (that is SFINE 2.0).
Those who are on New GL are capable of migrating directly to Simple Finance.
Those who are on typical GL need to migrate to New GL first and then migrate to Simple Finance.
This kind of migration occurs only with SPRO and doesn’t require technical assistance. This migration is different from the central component of Finance that supports with moving data distributed Enterprise Resource Planning landscape and non–SAP Enterprise Resource Planning, utilizing SLT.
Q12 : What are field status groups?
A : Field status groups control the additional account assignments and other fields that can be posted at the line item level for a G/L account.
Q13 : What are the various Compression Techniques Available?
A : There are three kinds of Compression Techniques on hand they are –
- Cluster encoding
- Run-length encoding
- Dictionary encoding
Q14 : What is deferred tax liability and what is the purpose?
A : A deferred tax liability is simply contrary to a deferred tax asset. The deferred tax liability occurs when a tax price said on the earnings statement is not paid to the IRS in the course of the same length it is recognized–it’s paid at a future date. When there are differences in depreciation price between ebook reporting (GAAP) and IRS reporting Deferred tax liabilities can end result which leads to variations profits as reflected on a company’s earnings assertion versus what’s suggested to the IRS–and which results in lower taxes payable to the IRS (in the quick run).
Q15 : What is Transport Request?
A : It’s a kind of a collection of changes that are made in the development system. The information pertaining to the type of change, the purpose of transport, request category and the target system are all recorded. It is also known as Change Requests.
Q16 : What is the Document alternate Rule?
A : The principle document of SAP doesn’t allow changing the relevant fields as soon as a file is posted; any adjustments can only be completed via Reversal or extra postings. currency, employer code, business area, amount, account number, posting key, etc., are few such fields can by no means be modified once the document is posted. However, SAP approves changing some of the fields in the line objects such as charge method, charge block, residence bank, dunning level, dunning block, etc. These can be modified file by means of file or by using the usage of mass alternate for a range of archives in a single step. The modifications to grasp information are tracked and stored per person for an audit trail.
Q17 : Why do two agencies merge?
A : To gain cost savings, obtain new technology, enter new markets, remove a competitor, and because it’s “accretive” to financial metrics. Learn greater about accretion in M&A.
Q18 : Explain groupings and levels.
A : Groupings determine how to summarize the data, with quite a number of groups and degrees defined. A Group adds up a variety of financial institution debts and includes a variety of levels. A Level, thus, denotes the sources of data or account transactions. Below the degrees are the line items, which are displayed the usage of a listing display.
Q19 : What is cycle time?
A : Cycle time is the time consumed to get an order from order entry to the shipping dock.
Q20 : Narrate the useful details of Sap Simple Finance?
A : SAP Financial and Controlling module (which is one among the core modules of SAP) is a mature submission with attractive depth and width. However, there is a tremendous change in the world with technology. Hence, there is a need to change for the new financial regulation. In addition, there is also a requirement for instant financial reports lighting. Since the world of data is rapidly changing, the financial operations are in need to deal with large volume of data that is processed at higher speeds.
With this strategy and having the benefit of a high-performance feature of the HANA, the SAP software company made its finances as well as next range control module by releasing “Simple Finance” (Finco – in short) with the SAP S/4 HANA. By launching this platform, SAP eliminates some of the inconveniences with the traditional FICO module. It also comprises some influential new features.
Q21 : What makes a desirable Financial Model?
A : It’s important to have robust monetary modeling fundamentals. Wherever viable model assumptions (inputs) need to be in one location and incredibly colored (typically financial institution fashions use a blue font for mannequin inputs). Good Excel fashions also make it convenient for users to understand how inputs are translated into outputs. Good Excel models additionally include error tests to ensure the mannequin is working efficaciously (e.g. the balance sheet balances, the money glide calculations are correct, etc.). They contain ample detail, but no longer too much, and they have a dashboard that sincerely shows the key outputs with charts and graphs. For more, take a look at out our complete guide to financial modeling.
Q22 : What are shortened fiscal year? When are they used?
A : Shortened Fiscal Year: a financial year, which has less than 12 periods.
Q23 : When should a company consider issuing debt instead of equity?
A : A company should always optimize its capital structure. If it has taxable income it can benefit from the tax shield of issuing debt. If the firm has immediately steady cash flows and is able to make their interest payments it may make sense to issue debt if it lowers the WACC.
Q24 : What is the SAP FI Organizational Structure
A : Client
|
Operating Concern
|
Controlling area1 Controlling Area 2
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Co. Code 1 Co. Code 2
|
Bus area 1 Bus area2 Bus Area3 Bus Area 4
Q25 : Explain what is a capacity requirement planning?
A : It is a process for determining the quantity of machine and manual labor resources necessary to assemble a production.