SAP S/4HANA : Central Finance Interview Question-Answer

Q.1 Select the options for deployment of SAP Central Finance

       A. Public cloud

       B. Private cloud

       C. On-premise

       D. All of the above

Ans : All of the above

Q.2 Which application provides report for day wise calender error report?

       A. Applciation Interface Framework

       B. Universal Journal

       C. SAP LT replication server

       D. Central Finance Accounting Framework

Ans : Applciation Interface Framework

Q.3 Select the TCS competencies which are relevant for SAP Central Finance
1) Accounting and Financial Close
2) Cost Management and Profitability Analysis
3)Treasury &Risk Management
4)Financial Planning and Analysis
5)Financial Consolidation

       A. 2,3

       B. 1,4

       C. 1,3

       D. 1,5

       E. 1,2

Ans : 1,5

Q.4 Which component is used for standard data reconciliation reports in SAP Central Finance?

       A. SAP LT replication server

       B. SAP S/4HANA

       C. CDS views

       D. SAP Application Interface Framework


Q.5 Select the scope of cutover of SAP central finance solution
1) Master data 2) Balance sheet data
3) Close manufacturing order
4) Close sales order

       A. 1,2

       B. 1,3

       C. 1,4

       D. 2,4

Ans : 2,4

Q.6 Use of SAP LT replciation server is _______ for integration of SAP ECC finance data with SAP Central Finance.

       A. Not possible

       B. Optional

       C. Mandatory

Ans : Optional

Q.7 Select the connection used for initial laod of FI documents in SAP Central Finance solution.

       A. RFC

       B. SLT

Ans : RFC

Q.8 SAP Central Finance is a new appliciation available in SAP ECC 6.0, EHp8.

       A. True

       B. False

Ans : True

Q.9 SAP central Finance can be define as a side by side scenario which requies limited or no changes to current ERP systems.

       A. True

       B. False

Ans : True

Q.10 Master Data Governance cam be embedded in S/4HANA for central distribution of master data to all required applications.

       A. True

       B. False

Ans : True

Q.11 SAP central Finance can be define as a side by side scenario which requies limited or no changes to current ERP systems.

       A. True

       B. False

Ans : True

Q.12 Select the applicable use cases for SAP Central Finance.
1) Gross margin for profit center
4) Gross margin of segment
3) Gross margin of company code
4) Unexecuted order value by sales order

       A. 1,2,4

       B. 1,2,3

       C. 2,3,4

       D. 1,3,4

Ans : 2,3,4

Q.13 Specify the SAP S/4HANA version in which Central Payment for Central Finance was first releasd by SAP.

       A. 1610

       B. 1511

       C. 1503

       D. 1709

Ans : 1709

Q.14 Which applciations are required to be configured for SAP Central Finance Solution
2) SAP ECCE sender
3) SAP LT replication server
4) Application Interface framework

       A. 1,2,3

       B. 1,2,3,4

       C. 2,3,4

       D. 1,2,4

Ans : 1,2,3

Q.15 which component is required in S/4HANA system if financial planning processes are to be used in SAP central finance system.

       A. SAP Simple Finance add-on

       B. SAP Accounting powered by SAP HANA

       C. Cash Management powered by SAP HANA

       D. BPC for S/4HANA

Ans : SAP Simple Finance add-on

Q.16 What is the methodologyprovided by SAP for SAP Central Finance solution?

       A. Launch

       B. ASAP

       C. ACTIVATE

       D. Waterfall


Q.17 Select the applicable use cases for SAP Central Finance.

       A. HR shared services

       B. Finance shared services

       C. Procurement shared services

Ans : Finance shared services

Q.18 Select the scope of initial laod of master data for SAP Central Finance solution
1) Cost center
2) GL Account
3) Storage location
4)Exchange rate

       A. 2,3,4

       B. 1,2,4

       C. 1,3,4

       D. 1,2,3

Ans : 1,3,4

Q.19 Select the mapping solutions available for data transformation
1) MDG value and key mapping
2) cost object mapping framework
3) FI Substitution
4) BADi

       A. 1,2,3,4

       B. 1,2,3

       C. 1,2,4

       D. 2,3,4

Ans : 1,2,3,4

Q.20 It is recommended to implement SAP Central Finance for organizations using single ERP system.

       A. True

       B. False

Ans : True

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