Funds Management

Manages budgeting and funds allocation

Funds Management is a process in SAP S/4HANA that helps organizations manage their budgeting, allocation, and monitoring of funds, ensuring effective financial control and compliance.

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SAP S/4HANA - Funds Management Example Questions

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Question 1

Which standard SAP Fiori app is used to manage bank accounts?

Monitor bank accounts Manage bank accounts Change bank account Create bank account Approve bank account Display bank account

Correct Answer: Manage bank accounts

The 'Manage bank accounts' Fiori app is used to manage bank accounts in SAP S/4HANA. Other possible options are components of the process accessible through the 'Manage bank accounts' app.

Question 2

What is the primary function of a functional area in SAP S/4HANA for Financial Accounting Associates?

To manage commitments To classify expenses according to the purpose To manage internal orders To maintain bank accounts To define budgetary controls To represent subledgers

Correct Answer: To classify expenses according to the purpose

A functional area is a master data element that classifies expenses according to the purpose. It is used to generate reports for management accounting.

Question 3

What is the main objective of using commitments in funds management?

To handle payroll accounting To process internal orders To monitor and control budgets To plan and execute procurement activities To post external financial transactions To manage profitability

Correct Answer: To monitor and control budgets

Commitments in funds management help organizations monitor and control budgets by ensuring that allocated funds are not exceeded.

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