SAP S/4HANA Finance Most Asked Questions

Here are the few questions that are Frequently Asked by the users on SAP S/4HANA Finance.

These questions will help you to understand the way to answer in the interview and the technique as well.

Here are the few commonly asked questions and answers as well.

1. Is CO43 costing sheet processing still at month-end, or real-time?

you have the choice of making the overhead costing continuously if you activate business work CO_ALLOCATIONS. You use the very same conditions however make an overhead behind each posting rather than aggregately at month-end.

2. Are assessments/distributions still at month-end, or real-time?

Either if you are running an assessment to CO-PA and can manage the assignment through a derivation then you can have them real-time. Generally, we find that you can do some attributes right away (you then need to find a derivation logic by means of the master data) and some need a classical assessment (ie when you are creating N records from one sender).

3. Is WIP & variance still at month-end, or real-time?

Either still at month-end in 1610, yet we are functioning to obtain the real-time.

4. Are settlements still at month-end, or real-time?

Either If you are resolving to CO-PA, you can set up a derivation to check out the settlement guideline or the sales order item and extend the posting line to add the CO-PA qualities whenever you post to the order/project.

5. What is Prima Nota?

Not a specific document type, yet just the first document that records business transactions (e.g. time confirmation, material movement).

6. Is Material Ledger still at month-end, or real-time?

Both, as it works currently [real-time with standard cost, month-end adjustment to actual cost] still periodic, though we can make the period blocks shorter (e.g. week or even day). The whole point is that we have to await the blocks.

7. Think we have a distribution to take business area A000 and placed it 100% into business area I000: does this work in real-time? If we change the %, that can then be run through again at month-end?

Anything that creates N lines won’t work in real time. We can only extend the posting line to post for e.g. cost center and certain CO-PA characteristics.

This webinar covered:

• SAP’s vision of a simplified and structured real-time financials.
• The impact that real-time financials will have on your day-to-day business operations.
• Which business transactions that have already evolved from batch to event-based processing and how they function.

Go through our  SAP S/4HANA SIMPLE FINANCE EXAM C_TS4FI_1610 Certification Made Easy to crack the Interviews.

Bottomline

I hope this will help you to make this understandable.

I hope that by now you have had an overview of SAP S/4 HANA Finance. Before you enroll in ZaranTech’s certification course on SAP S/4 HANA Finance, do check out the S4 HANA Finance demo: