Content:
A client may only contain a single chart of accounts may contain multiple charts of accounts may only use one currency type may only have one controlling area.
You can assign a business area to a company code directly True False.
Please click on the button next to the correct answer. The business area can run across many company codes, i.e. all company codes can post in all business areas. A company code may belong to more than One Controlling Area. Each company codes uses exactly one chart of accounts and one chart of depreciation Business areas are used to create internal balance sheets and income statements.
A chart of accounts can be allocated to multiple company code can be defined as the group chart of accounts only contains definitions for G/L accounts can only be allocated to one company code.
For what purposes are year-specific fiscal year variants usually used? If the start and end date of the posting periods differ from year to year If one fiscal year has fewer posting periods than the others (shortened fiscal year).
Where are posting periods defined? Posting period variant. Fiscal year variant Field status variant. Closing period variant.
Name the tools for maintaining the exchange rates Inversion Base currency Exchange rate spreads Average rate Buyingrate Bank selling rate.
In mySAP ERP currencies are defined using ________________.
Name three commonly used exchange rate types Average rate for posting and clearing Buying rate Bank selling rate Exchange rate keys Base rate Spread rates.
Name the IMG path where you define the base currency (comma separated, write carefully).
A G/L account consists of which segments? Chart of accounts segment Company code segment Client segment.
Name the possible field status definitions in the order of their priority (comma separated, write carefully).
Different company codes can use the same ___________________.
The _______________ controls the field display for the company code data in the G/L account master record.
______________________ contain the total of the transaction figures for the corresponding sub ledger accounts.
Reconciliation accounts are updated on a daily basis.
True False.
You can always display the line items of a G/L account.
True False.
G/L accounts with open item management must have line item display. True False.
G/L accounts that are managed in local currency can only be posted to in this currency. True False.
G/L accounts that are managed in a foreign currency can only be posted to in this foreign currency. True False.
Because the company codes use different operational charts of accounts, you cannot carry out cross-company code controlling. True False.
The customer/vendor accounts must always be maintained centrally. True False.
Which of the following statements about creating customer master records are correct? An account group always gets assigned to a customer. The company code is always a required entry. The account number may be assigned by the user externally. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the account group.
One number range can only be assigned to one account group. True False.
____________ assignment means that the mySAP ERP system assigns the number automatically.
You maintain a customer/vendor master record ___________ if you create the financial segments at the same time as the Sales order Management/Purchasing Management segments.
General ledger accounts have ____________ number assignment; customer and vendor master records can have ____________ or ____________ number assignment (comma separated, write carefully).
What are the most important control functions of the document type? Number ranges for document numbers Account types permitted for postings Posting control Determine credit or debit side of transaction.
If the user assigns the document number manually, this is __________ number assignment.
____________ numbers may be alphanumeric.
Every company code may define its own document types. True False.
Every company code may define its own document number ranges. True False.
At the beginning of a new fiscal year, the system always starts the document number assignment again at the start of the number range. True False.
Document number ranges must not overlap. True False.
How many number ranges can be assigned to a document type simultaneously? One Several.
What are the most important control functions of a posting key? Definition of the account types that can be posted to Account side (debit or credit) Field status of the additional account assignment.
Name 2 elements that influence the field status of document fields. Field status group Posting key Account groups Account types.
In the following scenarios, state how the text field will be treated on the document entry screen Text Optional - Text Hidden Text Required - Text Optional Text Required - Text Hidden.
What are the standard posting keys for G/L accounts and on which side of the account do they post to? Debit, posting key, 40 Credit, posting key, 50 Debit Posting key, 01 Debit Posting key, 50 Credit Posting key, 31.
Posting keys are defined at client level. True False.
The _____________ group controls the field display during document entry.
Each _____________________ has a field status group.
A posting period variant must contain at least one line with the entry _________________.
The account range in the posting period variant consists of ________________.
Posting periods are opened and closed automatically. True False.
No more than two periods can be open at the same time. True False.
The authorization group in the posting period variant applies only to authorization for posting in special periods. True False.
List some sources of values that are defaulted by the system for document entry. User master records Parameter memory System data Account master record Accounting functions.
When entering a document using a foreign currency, which date is used to determine the exchange rate if the translation date is not entered? (Single) Posting date Document date Entry date Baseline date.
Name the two possible ways to reverse a document in mySAP ERP Financials. Normal reversal posting Reversal by negative posting Normal line posting Negative reversal .
What are the prerequisites that must be fulfilled in order to process negative postings? A. The company code must allow negative postings B. The reversal reason must be defined for negative reversal. C. The posting key must allow negative posting A and B and C are correct.
“Terms of Payments” is a field in the _____________ and ___________ segment of the customer master record (comma separated, write carefully).
Credit memos can be linked to invoices to ensure that invoice and credit memos are due on the same date. True False.
The day limits define the dates of the cash discount periods. True False.
Every installment of an installment plan must have its own terms of payment. True False.
The _________________ is the date that the system uses to determine the due date of the invoice.
Which cash discount accounts are used in the net procedure? Cash discount clearing account Cash discount loss account Cash discount revenue account Cash discount expense account.
Which cash discount accounts are used in the gross procedure? Cash discount clearing account Cash discount loss account Cash discount revenue account Cash discount expense account.
Which are the possible G/L Account-Tax Categories "<" ">" " " "-" "+" "*" "XX".
Name the two types of taxation that can be represented in the R/3 system National level Regional/Jurisdictional level Net amount Gross amount Output tax Input tax.
What data is required for the automatic account determination for tax amounts? Posting keys Rules Tax accounts Special tax accounts.
A cross-company code transaction consists of at least two documents? True False.
Tax amount of a cross-company code transaction are automatically distributed to the company codes in which the expenses / revenues occurred True False.
Cross-Company code clearing accounts must be G/L accounts True False.
Describe the components the system uses to create the cross-company code transaction number. Document number of the first company Document number of the second company Fiscal year First company code Second company code.
Which of the following statements are correct? When creating a House bank, you do not need to specify the country. The payments program can use a different House bank for each different payment method A House bank account can be defined in more than one currency House bank master data must be created in advance, before assigning the House bank to a payment method in the payment program configuration A House bank can be assigned to a business area within the payment program configuration.
Which of the following statements are correct? A customer master is divided by client level and company code level. In case of one-time customer you have to enter the customers address in the document itself. Address, control data, and reconciliation account are included in the client level of the customer. The most efficient way to create master records is to work with the external number range not internal number range.
The clearing program groups items from an account together where they have the same entries in the following fields Reconciliation account number Currency Special G/L indicator Up to five freely defined criteria Document amount.
Name the two basic transaction that you can use to clear open items Account clearing Posting with clearing Item clearing Manual clearing.
Clearing a credit memo with an open invoice is an example of _______________.
Posting a payment for an open invoice with a resulting zero balance is an
example of _____________________.
Documents with open items can be archieved because open items represents incomplete transaction. True False.
A clearing document must have at least two line items True False.
“Posting with clearing” can be carried out for several accounts simultaneously True False.
The automatic clearing program cannot carry out automatic postings. True False.
Clearing a credit memo with an open invoice is an example of ________________.
Posting a payment for an open invoice with a resulting zero balance is an example of _____________________.
A _________ clears the invoice and the payment to create a new open item.
A __________ results in the open invoice and the incoming payment remaining in the customer account as open item. .
The mySAP ERP systems generates the exchange rate difference automatically. True False.
G/L account must be defined for exchange rate losses or gains True False.
Which of the following statements about vendor transactions are correct? A vendor down payments is shown on the balance sheet under the normal reconciliation account for payables. A special GL transaction is one which is included in the special purpose legder under a coding block defined in the general ledger account. A vendor down payment request cannot be included in the payment program to produce a dwon payment. A vendor down payment is cleared after the invoice is recived from the vendor. A vendor down payment request is a noted item.
Given that a customer master record for "AAAA Pizza" is created as customer AAAA for company code 0001, which of the following statements are correct? The customer account number AAAA cannot be used for "AAAA Electronics" (a separate company) within company code 0002 in the same client. In most cases it would be better to create a separate customer master "BBBB" for AAAA Pizza within company code 0002. If a customer master record AAAA is also created for "AAAA Pizza" within company code 0002, the client level data does not need to be maintained again. The reconciliation account for AAAA at company code 0001 can be different from the one used for AAA at company code 0002. The payment terms for the transaction with company code 0001 must be the same as those for company code 0002.
Which of the following statements are correct? When creating a house bank, you do not need to specify the country. The payment program can use a different House bank for each payment method. A house bank account can be defined in more than one currency. House bank master data must be created before you assign the house bank to a payment method in the payment program configuration.
Which of theses statements about the general ledger (G/L) account master record are correct? The G/L account master record contains data at chart-of-accounts level and company-code level. The G/L master record contains chart-of-accounts-specific information at client level. The G/L account master record contains a variety of data at controlling level, chart-of-accounts level, and company-code level. You can create both chart-of-accounts-specific data and company-code-specific data at the same time. Tax codes can be maintained in the account at client level.
Which of the following statements are correct? The customer master data comparison program compares the customers in the legacy system with the customers in the R/3 System. The customer master data comparison program compares which master records are already created in Financial Accounting but not yet created in Sales and Distribution. The customer master data comparison program compares which master records are already created in Sales and Distribution but not yet created in Financial Accounting. The customer master data comparison program checks whether the customer master record contains a telephone number. The customer master data comparison program compares which master records are already created in Purchasing but not yet created in Sales and Distribution.
Which of the following statements are correct? A customer can exist in more than one company code with the same customer account number. A customer account number can only be assigned internally by system. Because the Sales and Distribution department stays in contact with a customer and has to know specific data about him, a sales area segment can be created for each customer. The bank details of the vendor are defined in the vendor master record at client level.
The link between a subledger account and the general ledger is the:
Reference account. Reconciliation account. Sample account. Reconciliation ledger. FI-GL reconciliation report.
The business Process Repository is a package of reusable, predefined business process content delivered with SAP Solution Manager. Which of the following in NOT part of the Business Process Repository content? Predefined test cases. Configuration assignments Predefined business scenarios. Data conversion document. Transaction assignments.
Which of the following statements are correct? Minimun/maximun amounts are set in the individual payment methods. Outgoing payments can only be made in local currency in the standard system. We can specify only one payment method per payment run. Configuration for the payment program is made at 3 levels: company code parameters, payment method parameters and bank parameters. Special general ledger transactions cannot be paid automatically through the payment program.
You are requested to suspend the creation of dunning notices for a customer until further notice. What is the easiest way to ensure that the customer will not be included in future dunning run? You set the Dunning Block indicator on the correspondence tab page of the customer master record. This ensures that no more dunning notices will be created for this customer in dunning runs. You set the dunning level manually to the highest possible level in the customer master record. This ensures that the customer is not included in the next dunning run. You change the dunning procedure in the customer master record. This ensures that during the next dunning run, the criteria for creating notices for this customer are not met. No dunning notices are created.
When processing (in clearing) open items (customer), you can ... ... activate or deactivate the open items. ... activate or deactivate cash discounts. ... generate partial payments or residual items.
Which of the following statements about currencies are correct? The exchange rate at the time an invoice was created should not be different to the exchange rate used in the final payment transaction. When we create a foreign currency transaction, the system must obtain the exchange rate to be used from the exchange rate table. A base currency can be assigned to an exchange rate type. It´s the only necessary to maintain exchange rates for all other currencies into this base currency. It is possible to define different exchange rate difference accounts in configuration for each bank account to be revalued. You can define different exchange rate difference accounts in configuration, depending upon the Chart of accounts.
Which of the following statements about master records are correct? It is possible to block a vendor for all payment transactions in the payment program. It is possible to block a vendor for the time being, son that the block can be manually removed in the proposal list processing of the payment program. A vendor master record is made up of two groups of data: company code data and chart of accounts data. During configuration, you can determine whether fields for creating or changing vendors should be mandatory, optional, suppressed, or displayed (depending upon the transaction). Company code data can also be managed and maintained by employees in materials management.
When you post certain documents, the system automatically generates additional line items to facilitate entry. It facilitates document entry by: Defaulting the offsetting account based on the selected posting key. Creating a batch input session and processing it automatically. Deriving additional line items from the specified account assignments (e.g. tax code). Starting a batch job automatically and posting the recurring entry document. Ensuring that you do not have to archive the posting documents.
To which transaction are you able to assign document types in cash journal configuration? Incoming invoices from vendors. Incoming payments from customers. Payments to or from the bank. Revenue or expense posting.
When the posting documents for a vendor/customer, one has the option to: Enter general ledger line items. Generate a new company code. Calculate tax. Change payments terms.
Which of the following statements about year-end closing are correct? At the start of the new fiscal year, the balance carry forward program is run. This ensures that the balance of the balance sheets accounts are carried forward to the new fiscal year. The system creates the balance carried forward for every balance sheet account for the new fiscal year. The P&L account balance are transferred to a retained earnings account. You determine the retained earrings accounts when executing the balance carry forward program. Posting is possible during the balance carry forward program.
What does one need to do to create an opening balance sheet in the R/3 system at the end of an ongoing year? Carry forward your FI Customizing settings into one of the special periods. Carry forward the balance of each balance sheet account into the new fiscal year by running an year end program. Execute program SAPF1011 in the old year. Execute program RFSKTH00 in the new fiscal year.
You should use open item management for the following accounts Reconciliation accounts Bank clearing accounts Accounts for Goods Receipt / Invoice Receipt (GR / IR) Salary clearing accounts .
The field status enables you to control the display and maintenance of an account´s master data No Line itme management is not selected Yes All of the above.
You should not use line item display for the following accounts: Reconciliation accounts Tax accounts Sales revenue accounts Inventory accounts All of the above.
Opening of fiscal accounting periods is done in: Posting period variants Fiscal year variant Account groups Authorizations groups.
Vendor´s reconciliation account is assigned at the master date ____________ level: General data Company code Purchasing organization Sales organization.
Regardfing eventual vendors, which of the following statements are correct? The master record of a eventual vendor is generic and applies to all vendors in the same situation The master record of an eventual vendor registers specific information of the vendor The master record of an eventual vendor does not regsiter specific information of the vendor Specific information of an eventual vendor is provided at the moment of regsitering a document to this vendor in the system All of the above.
Every document is uniquely identified by the following fields: Document type Posting key Document number Company code Fiscal year.
The following are defined at client level: Currency exchange types Posting keys Document types All of the above.
Choose document types that are used in account receivable: DG KG KR DR All of the above.
Choose posting keys combinations used in a customer´s invoice: 01 and 50 50 and 50 31 and 40 11 and 21 All of the above.
When you create customer/vendor master records and account group is assigned, this account group: Is entered on the company code data screen Is entered on the initial screen Is not possible to modify it later All of the above None of the above.
Choose the document type proposed when posting a manual payment in the system: DG DZ ZP DR All of the above.
The Vendor account group determined the following: Vendor number If it is an eventual vendor The vendor master data field status None of the above.
The customer account group determined the following: Customer number If it is an eventual customer The customer master data field status None of the above.
What account must be entered in customizing when defining the bank account at a house bank: GL Account Checking Consignation Deb it note.
Choose the posting keys used for accounts payable 1 31 40 21 All of the above.
Customer/vendor accounts have to segments: Account group and company code segments Purchasing area and sales area segments Client and company code segments All of the above None of the above.
Choose the tolerance groups that exists in FI Tolerance groups for GL Accounts Tolerance groups for Customers/Vendors Tolerance groups for employees None of the above.
The chart of depreciation is defined at client level True False.
The sample chart of accounts provided by SAP cannot be adapted to meet your own requirements True False.
Various company codes can be assigned to the chart of depreciation True False.
Which values can be automatically trasnfered to Cost Center Planning: Treasury Cash Flows Forecast depreciation for existing fixed assets Production job posts Balance Accounts.
Which of the following statements are correect regarding Fixed Assets Information System? Information system for Fixed Asset Accounting consists in a Report Tree that provides SAP Individual items reports for Fixed Assets use the ALV (Abap List Viewer) functionality All of the above None of the above.
Valuation areas represent the different valuation views of Fixed Assets True False.
When accounting for a Fixed Asset acquisition you use transaction type _____ 100 200 500 501 None of the above.
What are the phases of a Fixed Asset within a Company? A - Acquisition, Master Data, Transference, Desincorporation, Depreciation, Admministration Data B - Investment, Master Data, Transference, Desincorporation, Depreciation, Finance Information C - Acquisition, Master Data, Transference, Desincorporation, Depreciation, Accounting Data .
The valuation plan is defined at client level True False.
An Asset Class provides: Integration with SD Asset classification with account determination and options Screen view is assigned to a Company Code.
It is possible to assign different Company Codes to the same Chart of Depreciation True False.
You can create Depreciation Charts as copies of those Depreciation Charts in SAP True False.
When accounting an Asset Acquisition with a known vendor from FI-AA a credit is generated on the vendor´s account and a debit to a Fixed Asset True False.
What is the FI-AA component used for? Is used to manage and supervise fixed assets in the system Is used to calculate net income on the company Is used to proveide information about the expenses and net income of the company in the system.
Choose the amortization classes supported by the SAP system Ordinary Special Unplanned All of the above.
How does the FI-AA component works on the Financial Account of the system? serves as a subsidiary ledger to the General Ledger, providing detailed information on transactions involving fixed assets. serves as a subsidiary ledger to the General Ledger, registering detailed information on transactions involving fixed assets. serves as a subsidiary ledger to the General Ledger, providing general information on transactions involving fixed assets.
Is possible to assign a Fixed Assets to the following objects: Cost center Activity class Maintenance order None of the above.
Normal depreciation is the valu reduction due to regular use of the fixed assets True False.
The country specific charts of depreciaton supllied by SAP contains valuation areas that can not be modificed True False.
Choose the transaction types used for Asset Retirement 210 200 260 110 None of the above.
Special depreciation is the based only in tax regulations True False.
Frequently, inventories and Fixed Asset Transferences need to be valued differently in accordance with the business purpose, to maintain more than one valuation in the R/3 system base de valoracion you have: Fixed Asset classes Independent transference figures Valuation areas PA Companies
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Unplanned depreciation is related to uncommon circumstances such as damages to fixed assets that produce a permanent value reduction True False.
Which of the following statements about asset classes are true? Asset classes are used for account determination when posting accounting operations Asset classes and screen layout therein contained are used to determine field status when creating master records It is used to determine the asset number assigned when crating a master record Asset classes are used to determine the document number assigned when posting accounting operations The asset class is a selection criteria in all standard reports in Asset Accounting.
Which of the following statements about asset accounting is true? Assets should be managed at a special Business Area created with that purpose An asset transfer within the same company code can be a retirement from assets in one company code and an acquistion at another company code Assets can only be evaluated at client level and not a comapny code level.
What can be done with the asset explorer? Determine the net value from other points of call Analize asset groups with totals Visualize the asset values that have been defferentiated according to valuation areas Visualize the special asset value during and after the exercise.
When acquiring an asset from a vendor, which of the following is pertinent? You can capitalize an asset with reference to a goods receipt or invoice receipt. An acquistion from a vendor corresponds to an acquisition on own account You do not use an transaction type to account for an acquisition from a vendor.
A company receives the invoice from a vendor for a printer recently bought. Which of the following statements corresponding to invoice creation are true? The invoice is always created by an accounts payable employee with an offsetting account. Next the invoice is sent to asset accounting whereby the asset is posted with offsetting accounts When creating a vendor invoice, discount should not, in any case, be deducted from the invoice, since the accounting department can not know if the discount is still applicable Depending on the organization, the invoice can be created at once, in one step with asset posting and accounts payable If accounting in accounts payable, you can use a net document posting. The net document type is used to assure that the discount if correctly accounted for.
An account group Defines the number range for a master record Determines the onetime accounts for vendor and customers Can be used to group all bank accounts Uses a field status to determine field disposition for updating master records Are defined for all company codes.
When creating a general ledger account, which of the following are obligatory entries? The account group A short text Responsible A balance or a profit and loss account A reference account number.
A business area is The legal unit of consolidation to which company codes is assigned. The organization entity for which balance sheets as well as profit & loss statements can be executed across company codes covering a company’s main areas of operation The smallest organization unit for which a complete self-contained set of books can be executed. Identifies an independent organizational structure within a company, which includes all functions, required for internal cost and revenue accounting.
Which chart of accounts is always required ? Group chart of accounts Country chart of accounts. Operating chart of accounts. Alternate chart of accounts.
Which structure provides an environment for analyzing market profitability, even allowing for customer defined segments? Controlling Area Business Area Operating Concern Company Code.
Field Status group control The number ranges The account type The fields for data entry screens. The GL account group.
How many levels the GL account master record have and what are they? 3 Levels – client, chart of account 2 Levels – company code and client level 2 Levels – company code and chart of account level. 1 Levels – GL master record.
The reconciliation account : One or more is correct Ensures real-time integration of sub ledger account with the general ledger. Itself is not designed for direct posting. Is defined on the client portion of the company code. Can be defined for customer, vendor and asset account types.
Customer specific information such as name and address is stored at what level? Company code. Customer master record. Client Account group.
Vendor specific information such as reconciliation acct. and item sorting is stored at what level? Company code. Customer master record. Client Account group.
What determines whether the vendor account is one-time? The posting keys. Document type. Field Status. Account group.
Bank accounts that contain a company’s own funds: Customer bank account Vendor bank account. House bank. Bank key.
Bank master data records can also be manually defined: One or more is correct When defining house bank At one-time (account) document entry In the account ID On the general data section of customer & vendor masters.
What are examples of currency types? One or more is correct User currency. Global currency. Hard currency. Index currency.
The accounting document: One or more is correct. The header section contains data relevant for the management of whole document, such as document number, posting date, company code, currency and document text. Each line item would contain an account, an amount and other relevant posting An accounting document must contain at least 1 line item. The debits and credits are not required to balance to zero before posting is permitted..
What identifies which of the account types will be permitted on particular document? Posting key. Document number range. The audit trail. Document type.
Define posting keys ? One or more is correct. The posting key also specifies the specific account type for a line item Determines whether the vendor account is one-time. Identifies which of the account types will be permitted on a particular document. Helps control the field status of a line item.
A document can only be reversed if: One or more is correct. The original document contains only customer, vendor and G/L line items. The original document contains no cleared line items, if the document does contain cleared items, then these items must be reset before reversal can take place. All specified values (such as, cost center) are not still valid. The original document was posted in FI system or originating in other modules.
What defines the date on which terms of payment are to begin? Document type. Posting date. Baseline date. Entry date.
Allocation Field: One or more is correct Line items can be sorted in the account group directory by the content of the Allocation field. Can get more information on entry by displaying the document. Is an additional reference field for line items. Is either filled automatically (sort key in the máster Record) or manually (entry in a line item).
The currency that was input on the header of document: Company code currency. Transaction currency Additional currency. Local currency.
What gives an overview of planned processes carried out periodically in the system? Dunning runs. Payment runs. Financial calendar. Interest calculation.
Which of the following are controlled by the posting period variant ? One or more is correct. The range of periods that is currently open for processing Only one period range can be open at the same time. The range of accounts within a specific account type that is currently open for processing. The specific user authorization necessary to book entries within a specific period.
Which are required variants in each company code ? One or more is correct Fiscal year variant Field status variant Posting period variant Depreciation variant.
Which payment terms are defaulted when posting an invoice depends on where the invoice is created: One or more is correct. If the invoice is created in FI the payment terms from the company code segment are defaulted. When posting the SD-invoice payment terms are not copied to the FI-invoice. If a vendor invoice is created in MM payment terms from the purchasing segment are not defaulted. When posting the MM-invoice payment terms are copied to the FI-invoice.
The FI system assists with the management of taxes calculated by: One or more is correct. Checking the tax amount entered or automatically calculating the tax. Posting the tax amount to G/L accounts. Performing tax adjustments for cash discounts or other forms of deductions. When you clear the document with a tax amount.
The tax code is used for what? One or more is correct. Verify the amount of tax. Calculate the amount of tax. Verify the account type. Determine the G/L account.
All reconciliation accounts and all G/L accounts with open item transactions in foreign currency must be assigned to the G/L account for realized losses and gains. Which of the following options exist for this assignment: One or more is correct. A single G/L account can be used for all currencies and currency types. A single G/L account can not be used per currencies and currency types A single G/L account can be used per currency. A single G/L account can not be used per currency type.
Cross-Company code transaction number: One or more is correct. If the cross-company code transaction number is not entered manually the system generates the number. The documents of a cross-company code transaction are not linked by a common cross-company code transaction number. Cross-company code transaction may be reversed. The cross-company code transaction number is stored in the document header of all documents created by the system.
What are transactions in accounts receivable and accounts payable that are displayed separately in the general ledger and sub-ledger? This may be necessary for reporting or internal reasons. G/L fast entry. Financial reporting. Special G/L transactions.- CME. Additional assignments.
You tell the payment program which accounts and items to consider in the automatic payment run. What is it ? Proposal run Parameters Edit proposal Schedule payments .
Items which have to be paid are bundled together to create payments as long as they have: One or more is correct The different payee/payer. The same currency The same paying and sending company code. The different bank connection in the item.
The payment method can be entered directly into an item. If this is the case, the system checks if: One or more is correct. This payment method is permitted by the parameters entered. This payment method can be used (payment method check). A bank account for the payment can be found.
Choose the correct alternative: Every company code needs its own payment forms. The sequence in which the payment methods are entered in the master data reflects their priority. When editing the payment proposal, items can be reallocated to existing or new payments. To reallocate certain items the automatic payment method and bank selection can be repeated at any time. .
The user can clear open items of A/R, A/P and G/L accounts with the automatic clearing program. The program groups items together from an account which have the same: One or more is correct. Reconciliation account number. Numero de Cuenta de reconciliación. Document number. Currency. Special G/L indicator. .
What is the difference between a partial payment and a residual payment? The partial payment clears the invoice and incoming payment and creates a new line item for the incoming payment. The residual payment leaves the invoice as an open line item and posts a new line item for the residual payment amount. The partial payment leaves the invoice as an open line item and posts a new line item for the residual payment amount. The residual payment clears the invoice and incoming payment and creates a new line item for the incoming payment. The partial payment leaves the invoice as an open line item and creates a new line item for the incoming payment. The residual payment clears the invoice and incoming payment and post a new line item for the residual payment amount.
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Payment differences that fall outside defined limits : One or more is correct When posting a residual item, you require a payment term. You can transfer the payment term from the original invoice or default a separate payment item. Grant only cash discount for the portion paid. The remaining discount can only be granted once the outstanding receivable has been paid off in full, within the due date. Limit the possible dunning levels.
Choose the false statement It is possible to dun vendors as well as customers. The dunning run update dunning data in dunned items and accounts. One dunning form can be use for all dunning levels and dunning area. After the dunning proposal is created, changes to the dunning data in items or master data records will not be valid for the current dunning run.
Which accounts shall be considered in the dunning run ? Dunning Accounts Account Selection. Dunning line items. Reconciliation account.
What is the highest organizational unit which usually performs dunning? Client Business Area Company Code Chart of account.
Define the concept “account assignment variant” in check deposit? One or more is correct. The account assignment variants determines which fields are displayed during entry. You can define the variants as you want in customizing. You can not change variants during entry. For some fields(document number, invoice amount), you can enter as many values as required.
The local currency it is defined at the time the: Company code is created. Document posting. Document header. Chart of account is created.
Report Painter allows you to use characteristics in the : One or more is correct. Line items Rows Base line date Columns.
In accounting data which are the records that remain in the system for an extended period of time? Transaction data Master Data Document number Invoices data.
Data relevant to MM functionality is stored in which segment of the vendor master record ? Client Company code Purchasing Account group.
The house banks are identified by : Bank name Bank-ID Account number Address.
The payment terms are used to define: One or more is correct. Baseline date for due date calculation Cash discount periods The house bank Cash discount percentage rates.
What are the ways to clear open items within an account in R/3 ? One or more is correct. Down payment transaction Account clearing Posting with clearing.
Bank statements you enter can be displayed, changed, or deleted before posting. True False.
Bank statements you enter can be displayed, changed, or deleted before posting. True False.
A chart of accounts : One or more is correct Can be allocated to multiple company codes Can be defined as the group chart of accounts Only contains definitions for G/L accounts Can only be allocated to one company code. .
Choose the correct statements regarding th document, posting, and entry dates of accounting documents. Note! More than one answer is correct. The posting period is determined by the document date. The document date must be the same as the invoice date. The posting date must be the same as the entry date. The posting period is determined by the posting date. The entry date is the same as the operating systems’ date.
Which the following statements about creating customer master records are correct ? An account group always gets assigned to a customer The company code is always a required entry The account number may be assigned by the user externally Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the account group. Information on each screen may be defined in configuration mandatory, suppressed or optional, depending upon the company code.
Which the following SAP items can be inputted during the creation of a vendor master record ? Note! More than one answer is correct. The account group. The field status definition. The document type. A reference vendor. The number range interval of the document type.
A client. (Single Choice) may only contain a single chart of accounts may contain multiple charts of accounts may only use one currency type may only have one controlling area.
Identify the correct statement(s) regarding organizational elements within the R/3 System. ( Multi Choice) The Sales area combines the sales organization, distribution channel, and division. The Purchasing Organization is responsible for the purchasing for the only one plant. A plant is a location in which inventory quantities and values are stored or manufactured. A Controlling area can comprise several company codes using different chart of accounts but must operate in the same currency. A profit center is used to generate income statements and operating profit statements.
Identify the correct statements. ( Multi Choice) All areas of an organization that are to be integrated into the R/3 Production system should be included under one client. The term “client dependent” refers to tables or data that relate only to the client which was accessed during the log on process. Due to the integrated nature of SAP, there are certain core organization element that cut across the modules. Client and company code are two of these core elements. To determine the number of clients required, the focus is placed on data access and sharing strategies.
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