 |
| SAP Simple Finance Interview Questions & Answers |
1. What is SAP S/4 HANA
Finance?
SAP S/4 HANA Finance is a financial application
in the SAP HANA platform. It consists of a collection of interconnected
financial management functions that provide real-time data from the ERP
applications. SAP S/4 HANA Simple
Finance is part of S/4 HANA and is built on the SAP HANA in-memory database
platform. SAP S/4 HANA Finance combines
cross-organizational functions into one system that combines transactional
systems and analytics for real-time applications.
2. How does SAP S/4 HANA
relate to SAP Simple Finance powered by SAP HANA?
The SAP Simple Finance solution considered the first step in our SAP
S/4 HANA roadmap for clients. The solution has demonstrated the value of
simplification and instant insight in SAP Simple Finance. SAP S/4 HANA,
on-premise edition leverages the full scope of SAP Accounting powered by SAP
HANA involved in SAP Simple Finance. SAP S/4 HANA, managed cloud edition is
designed to leverage the same scope. SAP S/4 HANA, public cloud edition is designed
to focus on a selected scope of SAP Simple Finance in connection with the key
elements in finance.
3. Explain the role of the
Transaction Manager
The Transaction Manager is
accountable for organizing the transactions in databases and maintains a record
of running as well as closed transactions. When the transaction is done, the
Transaction Manager tells the concerned storage engines about the event. Hence,
they can manage required actions.
4. What is Modeling Studio?
In SAP Simple Finance, a
modeling studio performs several tasks. Some of them are included in the
following:
- Handle Data Services in order to enter the data from
the SAP Business Warehouse
- States, which tables are placed in HANA, the initial
thing is to receive metadata and then program data replication tasks.
- Utilize Data services for modeling
- Handle ERP requests connection
- Perform modeling in HANA
5. State the ways of
Migration from SAP to Simple Finance.
Here are some of the ways
that state how the companies can migrate from SAP to Simple Finance
- New GL are capable of migrating directly to Simple
Finance.
- Typical GL need to migrate to New GL first and then
migrate to Simple Finance.
6. Which edition of SAP S/4
HANA do you suggest for our companies?
The On-Premise edition of
the SAP S/4 HANA is designed to suit for the companies, which require a broad
and deep level of functionality integrated with a highly flexible range of
personalization. The cloud edition of the SAP S/4 HANA is designed to suit for
the companies, which require a standardized cloud submissions primarily
handling the basic business scenarios of a company.
7. What are the main
advantages that attract customers to migrate to SAP S/4 HANA?
SAP S/4 HANA is mainly
designed to power instant value across the business and industry lines with
Simplicity. The Following advantages of Simple Finance from the point of
business value.
- Big Data and Internet of Things (IOT) becomes
accessible to any kind of business.
- Companies can simplify their approach, power them in a
real world environment and alter them as per their requirement in order to
gain new proficiencies.
- Business users can receive a vision of any kind of data
from anywhere, including execution, planning, simulation, and prediction.
8. What are the various
compression techniques available?
There are three compression
techniques and they are as follows:
- Cluster encoding
- Run-length encoding
- Dictionary encoding
9. In SAP Simple Finance,
the client never uses the Asset Accounting, Is it mandatory to have a new Asset
Accounting?
In SAP Simple Finance, there
is no data that refers to the both customizing and transactional data that have
to be shifted, in such a situation there is no mandatory for doing the
migration steps in the Asset Accounting.
10. State the main
difference between the migration to SAP S/4 HANA On-Premise and migration to
SAP S/4 Finance.
There is no notable
difference between the migration to SAP S/4 HANA On-Premise and migration to
SAP S/4 Finance from the perspective of Finance. On the other hand, because of
the logistics influences, it is suggested to consider several things with SAP
S/4 HANA.
11. How can the partner of
SAP support the migration of customer to SAP S/4HANA?
SAP
Simple Finance for the available as well as new clients to develop future
designs. SAP and Partners will help clients in their digital campaign with
migration, system changing in the cloud as well as deployment suites for fast
time to value.
12. How is the SQL
statement executed?
In the database of the
HANA, each SQL query statement is executed with the transaction reference. For
each new transaction, a new session is allotted.
13. What are the Various
Components of SAP HANA?
- SAP HANA DB
- SAP HANA Appliance
- SAP HANA Studio
- SAP HANA Application Cloud
14. List the key features
of the SAP Simple Finance?
·
Financial Planning and Analysis
·
Finance and Accounting
·
Financial Risk Management
·
Compliance and Risk Management
About SAPVITS
SAPVITS is one of the best SAP Online Training institutes to present excellent SAP
education. It has an experience in SAP Training and SAP Consulting for more
than 9+ years. We
provide Individual and Corporate SAP Training. SAPVITS
has branches in India (Pune,
Mumbai, Hyderabad, Bangalore, Chennai, Gurgaon, Noida, and Delhi), UK (London),
and USA (New York), Singapore, Australia, Canada etc.
SAPVITS is one of the most
famous institutes for SAP Simple FinanceOnline Training. SAP Simple Finance Training covers all reasons to execute SAP S/4 HANA Simple Finance in
enterprises, what is SAP Simple Finance
and SAP S/4 HANA Finance Key Innovations. We share
SAP Simple Finance Training Videos
of each training session and also offer SAP Simple Finance PDF, PPT. To know about SAP Simple Finance Courses and for more updates you can also visit
our SAP Simple Finance Tutorial.
Contact
us:
Vintage IT Solutions
USA: +1 678 389 8898
UK: +44 141 416 8898
IND: +91
992 284 8898
No comments:
Post a Comment