Test title:
Test FI (SA)
Description:
random questions
Author:
Pam
(Other tests by the same author)
Creation Date:
5/20/2008 4:06:42 AM
Category:
Others
Number of questions: 23
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Content:
A company code is an independent accounting entity (the smallest organization element for which a complete self-contained set of accounts can be drawn up). an organizational unit in an enterprise that represents a closed system used for cost accounting purposes. an organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example a dependent accounting entity, according to Fiscal Year the highest level in the R/3 system hierarchy.
What is an independent fiscal year variant (Please choose the correct sentence) It is a variant which the postings periods are only equal to the months of the year It is a variant which you can define different number of periods, according to the year It is a variant which each own fiscal year uses the same number of periods, and the postings periods always start and end at the same day of the year. It is a variant which allows the use of different number of posting periods. is a variant not normally used because of its particularity.
Consider the following sentences, which of them are true A fiscal year has to be defined by means of separating business transactions into different periods Special periods are used for postings, which are related to the process of the year-end closing. In total, 16 special periods can be used The Fiscal Year variant only defines the amount of periods and their start and finish dates The Fiscal Year is defined as a variant, which is assigned to the chart of accounts.
When posting a new document by referencing an existing document for a vendor, you have the option to: Enter general ledger line items Generate a new company code
Generate a reversal document Have no amounts defaulted.
The date to which the terms of payment applies is called the Due date Payment date Document date Baseline date Posting date.
The payment program does the following.. Creates payment lists and logs Generates vendor statements Creates payment transfer media Creates payment documents Prints dunning letters.
What is the function of the payment program? Automatically selects all stock to return Automatically selects the open items to be paid and displays the exceptions Create no logs, just a list of payments Create payment documents and payment transfer media You can edit the payment proposal before the actual payment run.
The GR/IR account records Goods received which have not been cleared Goods received which have not been invoiced Goods invoiced which have not been paid Goods invoiced which have not been received Goods invoiced which have not been authorized.
Invoice verification tasks include Checking invoices that were blocked because they varied from the purchase order Executing the account postings resulting from an invoice Updating the vendor master record Clearing the vendor account Checking purchase order data.
What is the step that follows Goods receipt and inventory management in the procurement cycle? Payment Order processing Invoice verification Creation of a purchase order Order follow-up.
Name the main areas that a vendor master record consist of.. Reconciliation data General data Accounting data Purchasing data Payment data.
An incoming invoice can be posted with reference to a Goods receipt Purchase order Cost center Vendor Invoice.
Which of the following functions or processes is part of the payment process? Open invoices are analyzed for due date Payments are approved and/or modified Invoices are entered Invoices are paid Invoices due for payment are prepared for review.
The payment program should be processed in a specific sequence. Which one of the following sequences is correct? (one answer) Maintaining parameters > Edit the proposal > Schedule the proposal > Schedule payments > Schedule the printout > Enter the run date and identification fields Enter the run date and identification fields > Maintaining parameters > Edit the proposal > Schedule the proposal > Schedule payments > Schedule the printout Enter the run date and identification fields > Maintaining parameters > Schedule the proposal > Edit the proposal > Schedule the printout > Schedule payments Enter the run date and identification fields > Maintaining parameters > Schedule the proposal > Edit the proposal > Schedule payments > Schedule the printout Enter the run date and identification fields > Maintaining parameters > Schedule the proposal > Schedule the printout > Schedule payments.
Your client complains that the payment program doesnt work effectively. After investigation you determine that they did not know about the exception list that is created by the payment program? Explain to your client what some of the possible reasons can be for items to appear on the exception list. The invoice could be blocked for payment. There may be invalid data in the master record of the vendor
The minimum amount specified for payment in the program could be less than the payment amount. There may not be enough money in the house bank as configured in the payment program. The vendor account could be blocked for payment.
Which ways could be used to pay an invoice in SAP R/3? The automatic payment program can be used to make payments automatically. The dunning program can be used to reverse incorrect debits and pay the invoice automatically. The post outgoing payments transaction can be used to make manual payments. The payment with printout transaction can be used to make manual payments and to create the printed checks automatically. The post outgoing payments transaction can be used to make manual payments, and the manually created check can then later be linked to the payment document.
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The payment program does the following.. Creates payment lists and logs Generates vendor statements Creates payment transfer media Creates payment documents Prints dunning letters.
Which one of the following statements is correct? The field status definition controls the Document type, Posting key and Account number. The document number assignment can be controlled using the Account type. The tax rates and tax codes for the various countries are predefined by SAP. The field status definitions determine the screen layout, when you enter a document using the relevant G/L account.
The period in which the transaction is entered into your books is governed by? Document date and posting period Posting date and posting period Value date and commitment items Currency translation date and document type None of the above.
Which of the following are processes in the balance carry forward closing procedure? The system calculates the balance carried forward to the new financial year for each balance sheet account Balance confirmations are calculated in sub-ledger accounts The Profit and Loss account balance is transferred to the Balance carry forward account Reconciliation accounts are checked against sub-ledger account totals Incorrect balances are corrected in the Balance carry forward account.
A Financial statement version. Is a method used to avoid taxes Allows a clear and structured view of the general ledger Can format financial statements according to a companys needs Is used to retrieve bank statements electronically from banks Is a variant used to select a range of customers.
Which of the following statements are true about a posting key? A document line item can have more than one posting key Controls whether a line item will be a debit or a credit Specifies the account type for a line item Specifies the document type Provides the number range per document type.
What does the document type assign to each financial document? The posting key The reference document number from an external document Cost center Business partner A document number from the assigned document range.
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