Flashcards

Cash and Bank Accounting

Management of cash and bank transactions.

This subtopic covers the recording and management of cash and bank transactions in a company's financial accounting system. It includes cash receipts, disbursements, and maintaining bank account records.

5 minutes 5 Questions

Cash and Bank Accounting in SAP S/4HANA manages all transactions related to liquid assets. It focuses on efficiently tracking cash flows, bank accounts, and ensuring accurate financial records. Key components include: 1. House Banks and Bank Accounts: Configuration of banking relationships within…

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SAP S/4HANA - Cash and Bank Accounting Example Questions

Test your knowledge of Cash and Bank Accounting

Question 1

What is the purpose of the Universal Journal in SAP S/4HANA?

To combine all financial transaction data in one table To allow only write access to financial data To store only bank related data To generate automatically periodic accruals To display management accounting documents A new module for managing financial risks

Correct Answer: To combine all financial transaction data in one table

The Universal Journal combines all financial transaction data in one table (ACDOCA), providing a single source of truth and simplifying reporting and analytics.

Question 2

What is the purpose of cash forecasting in SAP S/4HANA?

To provide insights into liquidity trends and potential cash requirements To manage customer credit To process payments to vendors To create cash journals for reconciliation To calculate depreciation To deal with open items

Correct Answer: To provide insights into liquidity trends and potential cash requirements

Cash forecasting in SAP S/4HANA is used to provide insights into liquidity trends and potential cash requirements to make better financial decisions.

Question 3

What is the primary purpose of Cash Concentration in SAP S/4HANA?

Display the organization's cash position over a specific period Reconcile bank accounts with general ledger accounts Process payments to vendors Consolidate cash from multiple bank accounts into a central account Post transactions in various currencies Analyze the organization's financial performance

Correct Answer: Consolidate cash from multiple bank accounts into a central account

Cash Concentration in SAP S/4HANA helps organizations consolidate cash from multiple bank accounts into a central account, improving liquidity management and cash flow visibility.

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