Budgeting and Monitoring

Budget creation and control processes

Budgeting and Monitoring covers the processes related to creating and controlling budgets within the financial accounting module of SAP S/4HANA, including budget planning, execution and analysis.

5 minutes 5 Questions

Test mode:

Exam (Timed)

Practice (With explanations)

Start practice test

SAP S/4HANA - Budgeting and Monitoring Example Questions

Test your knowledge of Amazon Simple Storage Service (S3)

Question 1

In SAP S/4HANA, which budgeting method is used to periodically allocate budget to cost centers?

Activity-based budgeting Overall budgeting Periodic budgeting Top-down budgeting Zero-based budgeting Incremental budgeting

Correct Answer: Periodic budgeting

Periodic budgeting is used to allocate budget to cost centers periodically, usually on a monthly or quarterly basis. Other methods have different focus areas and allocation rules.

Question 2

What is the main advantage of using the Explain Variance app in SAP S/4HANA?

Execute various budget allocation transactions Display budget funds commitment items Analyze budget variances and their causes Ensure a successful budget distribution Control budget consumption based on specific fund types Monitor budget consumption of a fund

Correct Answer: Analyze budget variances and their causes

The Explain Variance app in SAP S/4HANA is designed to analyze budget variances and their causes, helping users to understand the reason for any discrepancies and make any necessary adjustments.

Question 3

What is the purpose of the Carry Forward Budget app?

To monitor budget consumption in real-time To open the budget period for a new fiscal year To carry forward remaining budget from one fiscal year to the next To close the budget period for the current fiscal year To create budget commitment items To allocate budget between cost centers

Correct Answer: To carry forward remaining budget from one fiscal year to the next

The Carry Forward Budget app is used to carry forward any remaining budget from the current fiscal year to the next fiscal year.

Go Premium

SAP S/4HANA for Financial Accounting Associates Preparation Package (2024)

599 Superior-grade SAP S/4HANA for Financial Accounting Associates practice questions.
Accelerated Mastery: Deep dive into critical topics to fast-track your mastery.
100% Satisfaction Guaranteed: Full refund with no questions if unsatisfied.
Bonus: If you upgrade now you get upgraded access to all courses
Risk-Free Decision: Start with a 7-day free trial - get premium features at no cost!

Start Your Free 7-Day Trial