SAP became a world leader in enterprise software. In case you are
interested in starting your career as an SAP Developer or Consultant, then it
would be best to have an idea about the SAP Simple Finance training interview questions. The growth in career chances
for SAP Developers and Consultants means that there is more competition for the
jobs in this domain. Hence, if you want to catch your dream SAP Simple Finance
job, you have to prepare deeply for your interview.
SAP became a world leader in enterprise software. In case you are
interested in starting your career as an SAP Developer or Consultant, then it
would be best to have an idea about the SAP Simple Finance training interview questions. The growth in career chances
for SAP Developers and Consultants means that there is more competition for the
jobs in this domain. Hence, if you want to catch your dream SAP Simple Finance
job, you have to prepare deeply for your interview.
Simple Finance job, you have to prepare deeply for your interview.
1. Explain the useful
details of SAP simple finance?
SAP Financial and controlling module SAP FICO (which is one among the core modules of SAP) is a mature
submission with attractive depth and width. However, there is a tremendous
change in the world with technology. Hence, there is a need to change for the
new financial regulation. In addition, there is also a requirement for instant
financial reports lighting. Since the world of data is rapidly changing, the
financial operations are in need to deal with large volume of data that is
processed at higher speeds.
With this strategy and having the benefit of a high-performance
feature of the HANA, the SAP software company made its finances as well as next
range control module by releasing “Simple Finance” (Finco – in short) with the
SAP S/4 HANA. By launching this platform, SAP eliminates some of the
inconveniences with the traditional FICO module. It also comprises some
influential new features.
2. Explain the role of
transaction manager?
The Transaction Manager is responsible for coordinating the
transactions in databases and maintains a record of running as well as closed
transactions. When the transaction committed or rolled back, the Transaction
Manager informs the concerned storage engines regarding the event. Hence, they
can run required actions.
3. 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. Learn from SAP HANA training program.
- Utilize data services for modeling
- Handle ERP requests connection
- Perform modeling in HANA
The solution SAP Simple Finance marked the initial step in the
customer’s road map of SAP S/4HANA. The solution has verified the assets
of instant vision in Finance and simplification like no indexes, no
redundancies, and no aggregates. SAP HANA On-Premise edition influences the
entire scope of the SAP Accounting driven by SAP HANA comprised in SAP Simple
Finance. In addition, the cloud edition of the S/4HANA is also intended to
provide a similar scope.
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 conventional FICO module to Simple Finance (that is SFINE 2.0).
- Those who are on new GL are capable of migrating directly to simple finance
- Those who are on typical GL need to migrate to new GL first and then migrate to simple finance.
- This kind of migration occurs only with SPRO and doesn’t require technical assistance. This migration is different from the central component of Finance that supports with moving data distributed Enterprise Resource Planning landscape and non–SAP Enterprise Resource Planning, utilizing SLT.
The On-Premise Edition of the SAP HANA is designed to suit for the
organizations across companies, which require a broad and deep level of
functionality integrated with a highly flexible range of professionalization. The
cloud edition of the SAP S/4HANA (Learn from SAP S/4HANA training) is designed to suit for the companies, which
require a standardized cloud submissions primarily handling the basic business
scenarios of a company or certain business set-up of business lines in
industries which are integrated with a rapid innovation cycle. In addition,
this edition provides the chance for clients to deploy real world hybrid setup,
combine On-Premise and Cloud solutions for extraordinary IT flexibility as well
as stimulated business innovation.
7.What are the main
advantages that attract customers to migrate to SAP S/4HANA?
The main vision and approach of the SAP are to support customers
survive simply in the digital world. In order to deliver this mission, SAP
S/4HANA redefining how enterprise software makes value. S/4HANA is mainly
designed to power instant value across the business and industry lines with the
superior sophistication – Simplicity.
Let us explore the advantages of Simple Finance from the point of
business value.
SAP S/4HANA makes the unique chance to redefine business models and
power new profits in addition to revenues. With the Simple Finance, companies can
easily link to devices, people as well as business networks to present
additional value to their clients on any channels. Hence, offers the following
benefits:
- Big data and internet of things (IOT) becomes accessible to any kind of business
- Companies can simplify their approach; power them in real world environment and alter them a per requirement.
- Business users can receive a vision of any kind of data from anywhere including execution, planning, simulation and prediction
- The unique chances created by the SAP S/4HANA simplify the landscape. In addition, support condenses Total Cost of Ownership (TCO) with SAP S/4HANA.
- Companies can now lessen their data footprint as well as a task with huge data sets in the seamless system (for instance, CRM, ERP, SCM, SRM, PLM co-deployed) in order to save costs of hardware, the cost of operation as well time.
- It also made innovation very simple with the open platform (that is none other than SAP HANA Cloud Edition) in order to power advanced applications like recommending, predicting and simulating while protecting standing investments.
- Enterprise gain opportunity of deployment such as On-Premise, Cloud, and Hybrid to power rapid time-to-value
There are three compression techniques and they are as follows:
- Cluster encoding
- Run length encoding
- Dictionary encoding
In Asset Accounting, in case 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.
If the customer decided to use the Asset Accounting in their new
asset accounting later, then they can set up the personalizing in the IMG.
10. State the main difference between the migration to SAP S/4HANA
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. What is the basic difference between the new S/4HANA product code line
and the SAP Business Unit code line?
The development process of the S/4HANA is to remove entire
artifacts, which have been announced as workarounds of performance for
traditional row-based RDBMS. Further, these are groups and programmed indexes,
which included no value and offered rapid access to data and sums.
When it comes to the downside, these make compilation in the
applications as well as difficulty in how to prevent the system to avoid
incompatible updates in the groups. In addition, there is a need to develop
significant code for the lengthy “Extract Transform Load” (ETL) setups
including data preparation as well as exception handling routines initiated by
latency.
With S/4HANA, these various kinds of workaround on limitation
depends on the technical restriction are no longer needed, as the current
details, as well as the time it takes to travel from the store, can be read
immediately across entire inserts and updates. Hence, it removes the
requirement for any kind of issues of the aggregates and index.
12. How can the partner of SAP support the migration of customer to SAP
S/4HANA?
SAP comprises a well-known partner ecosystem (which covers systems integrator
and value-added retailers). This ecosystem is ready to service and resell SAP
Simple Finance for the available as well as new customers to develop future
inventions. Partners handled surprisingly more than 50 percentage of the
Business Suite of SAP that is powered by HANA. SAP and Partners will help
customers on their digital journey with migration, system shifting in the cloud
as well as deployment suites for fast time to value. Entire organization,
regardless of the sizes will experience advantage from the ultimate quality
service and reseller abilities that partners offer.
13. 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. Learn how to write query statements from SQL server training.
14. What are the Various Components of SAP HANA?
SAP HANA DB
SAP HANA appliance
SAP HANA Studio
SAP HANA application cloud
15. List the key features of the SAP Simple Finance?
The following are some of the available key features of the SAP
Simple Finance:
Financial planning and
analysis: With SAP Simple Finance, companies can
forecast, budget and plan as an ongoing approach. With the advantage of
Predictive Analysis, companies can forecast the influence of business decisions
on their organization financial reports.
Finance and Accounting: With the benefits of advanced Accounting and Finance features,
companies can satisfy the legal terms. Further, they can finish the reports of
Finance on time.
Financial risk management: With the benefit of Predictive Analysis, companies can determine
the risks present in the processes of the Finance at the initial stage itself
and take steps to solve them. It is effortless to determine the best feasible
investment rates regarding the market standards.
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