SAP Financial Accounting (SAP FI) Certified Application Associate Practice Exam

Which of the following tasks is typically performed during the invoice receipt process?

1. Create a purchase order

2. Verify goods receipt

3. Post payment

4. Generate financial reports

The correct answer is: Verify goods receipt

The task of verifying goods receipt is a crucial part of the invoice receipt process in SAP Financial Accounting. This step ensures that the goods or services billed in an invoice have been physically received and correspond accurately with what was ordered. When an invoice is entered into the system, it is important to check the goods receipt against the invoice to confirm that the quantity and quality of the goods received match what was agreed upon in the purchase order. This verification process helps prevent discrepancies that could arise from paying for goods that were either not received or delivered in an incorrect quantity. In addition to promoting accurate financial records, this task enhances overall supply chain management by ensuring that payment is only made for goods that have been confirmed as received. Therefore, this verification effectively serves as a control mechanism within the financial accounting process.