SAP Financial Accounting (SAP FI) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the SAP Financial Accounting (SAP FI) Exam. Use flashcards and multiple choice questions with hints and explanations to enhance learning and comprehension. Prepare thoroughly for your certification test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which component of SAP NetWeaver is crucial for maintaining data consistency?

Transaction management
Data warehousing
Master data management
Application server management

The correct answer is: Master data management

Master data management is crucial for maintaining data consistency within SAP NetWeaver because it focuses on the governance and management of essential business data that is shared across an organization. This component ensures that the core data entities, such as customers, products, and suppliers, are standardized, accurate, and up-to-date. By establishing a single, reliable source of truth for master data, organizations can avoid data discrepancies and ensure that all business processes and applications access the same consistent information. Maintaining data consistency through master data management enhances overall operational efficiency and supports various analytical tasks, leading to improved decision-making. With effective master data management, organizations can manage changes in data over time, control data quality, and ensure compliance with regulations and standards, all of which are critical in a complex, integrated environment like SAP NetWeaver.