Down payments can be posted using a special G/L transaction. What is the main benefit of this function? It automatically creates the final invoice and clears down payments against it It automatically clear down payment request It posts down payments to a reconciliation account that is different from that of ordinary payables and receivables It shows data in the appendix of the balance sheet.
Your customer's Accounting department informs you that the company issues checks. They need to easily differentiate payments made by check. How can you facilitate this requirement? Use the payment method for checks Create an additional field in the coding block called Check Use the payment term for checks Customize a line item report that filters data according to the text field, and instruct users to enter the word "Check" in the field when entering such payments.
Your chief accountant would like to display company-owned cars separately in the balance sheet. These cars were previously included in the asset class "factory and office equipment". What do you have to configure? Create a new asset class and a new account determination Create a new asset class, but use the same account determination Create a new account determination, but no new asset class Create evaluation groups to subdivide all assets of the class.
Which of the following are the main components of a drilldown report? Characteristics and key figures Characterisitics and variables Variables and general selection criteria Variables an key figures.
Your customer wants to access line items for individual P/L accounts without leaving the balance sheet and P/L display. What do you recommend? Use a drilldown report Activate the Line Item Display flag in the financial statement version Use the standard Financial Statements (RFBILA00) report Run a line item report.
You have been asked to showcase the "asset sale with customer" scenario in the next blueprint workshop meeting. What do you have to consider when posting an asset sale? (Choose two) You must specify the asset value date You must post the sale against an asset that has an acquisition You must use posting key 75 (credit asset) and select the specific asset sale in the account field You must calculate and input the profit or loss from the asset sale in a separate line during posting.
At which level is the vendor account number (master record) assigned? At client level At a combination of client and company code segment level At a combination fo client and purchasing organization segment level At a company code segment level.
A customer wants to use segment reporting on balance sheet and P/L accounts. Which business function do you recommend? New General Ledger Accounting Special Purpose Ledger Profitability Analysis Profit Center Accounting.
At the end of a fiscal year the system carries forward the balance of certain accounts to a special retained earnings account and sets them to zero. Which accounts are treated in this way? P&L accounts Balance sheet and P&L accounts Accounts managed only on the basis of open items Balance sheet accounts.
A company uses different terms of payment. What can you define for these terms of payment? (Choose three) Cash discount periods Baseline date for due date calculation Cash discount percentage rates Interest calculation Cash flow calculation.
What are the advantages of the Payment Medium Workbench (PMW)? (Choose three) It provides a uniform set of functions for all kinds of payment methods It can be used to charge payment formats without modifying the programs It can be used to create new payment formats It activates the automatic import of settings related to changes in payment transaction laws It automatically creates direct debits.
What do you define when you set up a depreciation area? The posting to the General Ledger The company code in Asset Accounting The account determination The asset number rangers.
What are the benefits of using the accrual engine? (Choose three) The accrual engine calculates the accrual amounts automatically The accrual engine can simulate planned future accruals The accrual engine supports parallel accounting The accrual engine can correct accruals in the previous month even if that period is closed The accrual engine is client-independent.
In a payment run, the data entered for a payemnt method in the document may differ from the master data. How does the system resolve this? The payment run temporarily stops, and the systems prompts you to correct the data. After you have corrected the data, the payment run continues The payment run stops and the system issues an error message Master data overrides document data Document data overrides master data.
Which of the following objects you must enter when posting an asset acquisition against a vendor? (Choose three) Document type Asset master record Transaction type Fixed asset balance sheet account Special G/L transaction.
Which of the following is mandatory to ake G/L accounts ready for posting? A chart of accounts segment and at least one company code segment A chart of accounts segment and at least one cost element A chart of accounts segment and at least one functional area A company code segment and at least one cost element.
Your company uses only book depreciation and you activate the new depreciation engine. The book depreciation key Z010 currently used by an asset should be changed to Z020. The asset depreciation started two years ago, and depreciation for the current years has already been posted for the months of January, February, and March (monthly depreciation run). The change should take effect from April 1st. How can you implement this change? (Choose two) Call the depreciation Areas screen in the asset master and assign the key Z020 with validity start date of April 1st Create a new asset referencing the asset you want to change. On the Depreciation Areas screen, select depreciation key Z020. Then post an asset transfer from the existing asset to the new asset Undo the depreciation postings for the asset in the current year. Then call the Depreciation Areas screen in the asset master and change the key from Z010 to Z020 Call the Depreciation Areas screen in the asset master and change the depreciation key from Z010 to Z020. Also change the ordinary depreciation start date to April 1st.
A customer requires a balance sheet per segment but does not require a balance sheet per profit center. You discuss the features of segments and profit centers with him. Which features can you highlight? (Choose three) You can assign the segment to the asset master record You can assign a segment to a cost accounting object such as a cost center or internal order Segments are derived from profit centers in the standard systems You can assign the segment to the material master You can post in FI directly to a segment.
How do you prevent duplicate vendors from being created? (Choose two) Activate master data comparison for the vendor Activate message control for the duplicate vendor check Run the Vendor De-Duplication Report Use matchcode to check whether the vendor already exists.
Your customer sells products and services. They have to separate the invoices into invoices for products and invoices for services. Which object do you have to use to create dunning notices dependent on the division (product or service)? Dunning areas Separate dunning runs Dunning block reasons Dunning keys.
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