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Quizzes > Quizzes for Business > Finance

Master your SAP FI S/4HANA Certification Practice Quiz

Test core SAP FI S/4HANA fundamentals confidently

Difficulty: Moderate
Questions: 20
Learning OutcomesStudy Material
Colorful paper art depicting a quiz on SAP FI S4HANA Certification Practice

Feeling ready to conquer the SAP FI S/4HANA Certification? This free practice quiz offers 15 multiple-choice questions that mirror real exam scenarios, helping professionals and students sharpen key finance skills. Ideal for those preparing for certification or seeking to benchmark their system knowledge, this interactive tool highlights strengths and reveals growth areas. Users can tweak questions effortlessly in our editor to match their study goals. Explore additional assessments like the SAP S/4HANA Knowledge Assessment or deep dive into the SAP S/4HANA Training Knowledge Test, then browse more quizzes tailored to your learning path.

In SAP FI, what is the purpose of a document flow in a posting run?
To track authentication of users
To manage user roles and authorizations
To show the sequence of linked financial documents
To define posting periods automatically
Document flow shows the sequence and relationships of all related financial documents generated during a posting run, enabling traceability and auditability.
Which master data element defines a legal entity for financial accounting?
Business Area
Chart of Accounts
Cost Center
Company Code
The Company Code is the smallest organizational unit for which legal financial statements are prepared; it represents a separate legal entity in accounting.
What is the Business Partner in S/4HANA FI?
A valuation area for inventory
A reconciliation account in G/L
A combined master record for customers and vendors
A cost element for expense postings
The Business Partner concept merges customer and vendor master data into a single master record, simplifying data maintenance and integration.
Which transaction code is used to post a general ledger document?
FK01
F-90
FS00
FB50
FB50 is the standard transaction code for entering manual general ledger postings directly in SAP FI.
Which posting period determines if postings are allowed in a given month?
Fiscal Year Variant
Account Group
Posting Period
Document Type
The Posting Period variant controls which posting periods are open or closed, thereby determining when financial postings can be made.
In an intercompany posting, which reconciliation account ensures balanced elimination entries?
Bank clearing account
Profit center
Statistical key figure
Intercompany reconciliation account
The intercompany reconciliation account is used to record intercompany receivables and payables, ensuring that intercompany transactions balance out during consolidation.
Where do you configure the automatic assignment of customer reconciliation accounts?
In Document Type configuration
In Posting Period variant
In Company Code Global Options
In Account Group settings of Business Partner
The account group in the Business Partner master controls which reconciliation account is assigned to a customer or vendor based on its account group.
Which integration step connects MM logistics invoice verification to FI?
Asset capitalization run
Foreign currency valuation
Automatic account determination for GR/IR clearing
Profit center update
During invoice verification, the GR/IR clearing account is automatically posted to in FI through account determination, linking MM and FI.
Which closing activity is used for foreign currency valuation at period end?
Profit center transfer
Asset retirement run
Cost center allocation
Transaction FAGL_FCV
FAGL_FCV is the SAP S/4HANA transaction used to perform foreign currency valuation of open items at period end.
Posting an asset acquisition creates entries in which two modules?
QM and PM
HR and FI
FI and Asset Accounting
MM and SD
An asset acquisition posts to Financial Accounting and Asset Accounting, capitalizing the asset on the balance sheet and updating FI ledgers.
How do you assign account groups to G/L accounts in the chart of accounts?
During G/L account creation
In payment program configuration
In number range intervals
In posting period variant
When creating or editing a G/L account, you select the appropriate account group which controls field status and number ranges.
Which transaction code displays line items of a G/L account?
FS10N
FBL5N
FBL1N
FBL3N
FBL3N is the transaction used to display G/L account line items in SAP FI, providing details on posted entries.
What is the purpose of a recurring entry in FI?
To adjust asset depreciation
To group cost centers by cycle
To reverse manual entries
To schedule periodic postings automatically
Recurring entries allow the system to automatically post similar postings at defined intervals, reducing manual effort for routine transactions.
Which transaction code is used to execute the standard SAP financial statement report?
F-02
F.01
FBL3N
FB50
F.01 is the standard SAP transaction code to generate financial statement reports based on configured financial statement versions.
What common error occurs if duplicate document numbers are used in posting?
Tax code mismatch
Exchange rate not maintained
Posting period error
Duplicate document number error
SAP FI prevents postings with the same document number in the same company code and fiscal year, triggering a duplicate document number error.
In document splitting, which characteristic determines how splits are posted?
Chart of depreciation
Document type
Split characteristics like segment or profit center
Posting key
Document splitting uses defined characteristics such as segment, profit center, or business area to distribute line items according to business requirements.
How does the field status group affect postings in FI?
It defines allowable fields for entry and affects mandatory and optional fields
It calculates tax amounts automatically
It determines currency translation rates
It assigns number ranges
Field status groups control the input status (required, optional, suppressed) of fields during posting, ensuring data consistency and compliance.
How do you configure internal document number assignment to avoid gaps in SAP FI?
Use manual entry only
Use posting period variants
Use external number assignment
Use internal number assignment with sequence ranges
Internal number assignment uses sequential ranges managed by the system, ensuring continuous numbering without gaps.
In FI-SD integration, which transaction posts the billing document to FI?
VF01
Sales order creation
Outbound delivery
Invoice simulation
Executing VF01 for billing in SD triggers the generation of accounting documents in FI, integrating revenue postings.
Which tolerance group setting can block postings due to amount limits?
Tolerance group for G/L accounts or users
Account group
Payment terms
Document type
Tolerance groups define limits for posting amounts or differences; exceeding these limits can result in posting blocks.
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Learning Outcomes

  1. Analyze FI posting runs and document flows
  2. Evaluate key master data configuration in S/4HANA
  3. Master integration points between FI and other modules
  4. Identify correct end-of-period closing procedures
  5. Demonstrate proficiency in financial reporting transactions
  6. Apply troubleshooting techniques for common FI issues

Cheat Sheet

  1. Understand the Universal Journal (ACDOCA) - Think of the Universal Journal as your finance superhero, merging all your accounting and managerial data into one epic source of truth. It zaps redundancies, lights up real-time insights, and makes reconciliation a breeze. Key Features of SAP S/4HANA Finance
    2. Key Features of SAP S/4HANA Finance
  2. Get comfy with the new data model - SAP S/4HANA Finance merges General Ledger accounts and cost elements, cutting out duplicate data and leveling up your reporting game. This streamlined structure keeps everything consistent and simplifies your financial story. SAP S4 HANA Finance (Simple Finance) - #1 Guide
    3. SAP S4 HANA Finance (Simple Finance) - #1 Guide
  3. Master end-of-period closings - Fast Close, Soft Close, and Predicted Close are your new best friends for instant financial snapshots. These dynamic procedures let you perform continuous closings and gain real-time insights without breaking a sweat. Key Features of SAP S/4HANA Finance
    4. Key Features of SAP S/4HANA Finance
  4. Explore FI integration points - Dive into how Financial Accounting (FI) talks to Controlling (CO) and beyond, ensuring data flows smoothly across your SAP ecosystem. This cross-module synergy is key to accurate reports and seamless processes. What is SAP S/4HANA Finance? An In-Depth Look
    5. What is SAP S/4HANA Finance? An In-Depth Look
  5. Set up master data like a pro - Nail down your G/L accounts, customer/vendor records, and asset masters to guarantee precise transaction processing. A rock-solid master data foundation is the secret sauce for trustworthy financial reporting. SAP S/4HANA Financial Accounting Certification Guide
    6. SAP S/4HANA Financial Accounting Certification Guide
  6. Embrace SAP Fiori for finance - SAP Fiori apps serve up a sleek, user-friendly interface for all your financial tasks and reports. Getting familiar with these modern apps boosts your efficiency and makes daily work feel like a breeze. What is SAP S/4HANA Finance? An In-Depth Look
    7. What is SAP S/4HANA Finance? An In-Depth Look
  7. Study Asset Accounting transformations - Asset Accounting in S/4HANA is tightly integrated with the Universal Journal, transforming how depreciation is calculated and reported. These updates streamline asset management and heighten accuracy. SAP S/4HANA Financial Accounting Certification Guide
    8. SAP S/4HANA Financial Accounting Certification Guide
  8. Unlock the power of Material Ledger - Mandatory in S/4HANA, the Material Ledger delivers actual costing magic for precise inventory valuation. Mastering its features is essential for top-notch cost control. Key Features of SAP S/4HANA Finance
    9. Key Features of SAP S/4HANA Finance
  9. Grasp Extension Ledgers - Run parallel accounting and management reporting without bloating your data warehouse. Extension Ledgers offer flexible insights and keep your books neat and tidy. Key Features of SAP S/4HANA Finance
    10. Key Features of SAP S/4HANA Finance
  10. Simplify real-time reporting - Enjoy multidimensional, live reporting without any data duplication or batch jobs. This sharpens your analytical edge and delivers instant financial clarity. SAP S4 HANA Finance (Simple Finance) - #1 Guide
    11. SAP S4 HANA Finance (Simple Finance) - #1 Guide
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