Content:
About evolution in the world of business, we can affirmate that (Please choose the correct sentence): The internet revolution could turn available to companies the use of ERP functionality. The next generation of "new dimension" products appeared taking functionality out of the company, to bring value through extending the Internet Revolution. The internet has driven to a collaborative environment where value is created through collaboration within business comunities. In the first the companies were looking at Cost reduction and efficiency through integration of business comunities.
About the definition of ERP and e-business functionalities, we can say that (more than one): ERP offers enterprise centric functionality (general ledger, payroll, order entry) to integrate core, internal processes. ERP is mySAP Financials and mySAP HR. ERP is SAP R/3, while e-business is mySAP.com. About Business Model, ERP can be considered as enterprise centric and e-business, as extended and collaborative. About Architecture, ERP can be considered as an integrated system and e-business, as an integrated system and an open integration platform. About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries.
What is a SAP Business Object (single) It is all the transaction data generated via transactions. It is the instancied class of the Class Builder. It is composed of tables that are related in a business context, including the related appplication programs and it is maintained in the Class Repository. It is the representation of a central business object in the real world, such as an employee, sales order, purchase requisition, invoice and so on. It is a sequence of dialog steps that are consistent in a business context and that belong together logically.
About BAPI (Business Application Programming Interface), what is true (Multi)? It is a well-defined interface providing access to processes and data of business application systems. BAPIs offer a stable, standardized interface for integrating third-party applications and components in the Business Framework. A BAPI is assigned to one and only one business objecT
In the R/3 Enterprise version (4.7) we can use BAPI to create an internal order inside a customized ABAP program. A business object in the Business Object Repository (BOR) can have many methods from
which one or several are implemented as BAPIs.
What can we say about ALE (Application Link Enabling, Note: Multi)? Business processes cannot be distributed using ALE. The ALE concept is related to an enterprise structure with areas that have central tasks and areas with tasks that are decentralized. The applications are integrated via a central database. The applications are integrated via the message exchange. The ALE concept supports the implementation and operation of distributed SAP applications.
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.
Consider the following sentences:
1. The variant principle is a three-step method used in R/3 to assign special properties to one or more R/3 objects
2. One of the disadvantages to use variants is that it can´t deal with the maintenance of properties, which are common among several business objects.
3. For using the variant principle, you must define the variant, populate it with values and assign it to the R/3 objects.
4. This principle is used for Fiscal Years, Posting Periods and so on.
Which of them is false? 1 and 2. 1 and 3. 1 2 3.
1. A fiscal year has to be defined by means of separating business transactions into different periods.
2. 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.
3. The Fiscal Year variant only defines the amount of periods and their start and finish dates.
4. The Fiscal Year is defined as a variant, which is assigned to the chart of accounts.
Which of them are true? 1 and 2 1 and 3 2 and 3 2 and 4 3 and 4.
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. It is a variant not normally used because of its particularity.
Consider the following statements about currencies concepts:
1. The currency code identifies each currrency that will be used into R/3 system.
2. You have to define all the world´s currency into R/3 system.
3. Exchange rate types distinguishes the exchange rates to be considered for various purposes, such as valuation, translation, conversion, planning, etc.
Which of them is true (Multi)? 1 2 3 none of them all of them.
Consider the following sentences:
1. A base currency can be assigned to an exchange rate type.
2. To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rates (B and G).
3. A base currency can be used for an average, a buying or a selling rate.
4. The relations between currencies have to be maintained per exchange rate type and currency pair in the translation factors.
Which of these combinations is true? 1,3 and 4 1,2 and 4 2,3 and 4 1,2 and 3 1,2,3 and 4.
Consider the following sentences about the direct quotation:
1. It is also known as price notation.
2. The currency value is expressed in units of the foreign currency per unit of local currency.
3. For direct quotation, the prefix to indicate the rate is "/".
What is the correct option? 1 2 3 None All.
Consider the following sentences about the indirect quotation:
1. It is also known as volume notation.
2. The currency value is expressed in the local currency per unit of foreign currency.
3. For indirect quotation, there is no prefix to difference between direct quotation.
What is the correct option? All None 3 2 1.
What of these alternatives are considered master data (Multi)? Chart of Accounts. G/L Accounts Vendor Customer Asset.
What can we define into the chart of accounts customizing transaction (OB13 transaction, Multi)? Description. Maintenance language. Length of the company code. Length of the G/L account number. Blocking / unblocking chart of accounts.
Consider the following sentences about the chart of accounts segment:
1. It contains the Company Code, Account number and the field status group.
2. Whenever you need to enter information for a company code for an account number, you have to type again the information related to chart of accounts segment.
3. Texts can be displayed using the program "Account assignment manual"(RFSKTH00).
4. Key words facilitate the search for account numbers.
Which of these combinations are false (Multi)? 1 2 3 4 None.
Every company code that needs to use an account from the assigned chart of accounts has to create its own company code segment. True False.
For P+L statement accounts, the balance is carried forward to the same account. True False.
In the chart of accounts segment, it is necessary to indicate whether the account will be a balance sheet or a profit+loss statement account True False.
Number intervals for G/L account master records can overlap. True False.
It is not possible to influence the appearance of an account´s master data. True False.
Consider the following sentences about field status:
1. Fields which are _____________ can be ____________.
2. Fields which have an entry that ________________ can be set to _________ only (even in change mode).
Which of the options below matches the blank spaces of those sentences? used/supressed for 1; must be changed/display for 2. not used/supressed for 1; must be changed/display for 2. not used/optional for 1; should not be changed/supressed for 2. not used/supressed for 1; should not be changed /display for 2. used/optional for 1; must be changed/display for 2.
Consider the following sentences about field status:
1. Fields which _____________ can be made ____________.
2. Fields that can be entered, but are not required, can be set to _________ entry.
Which of the options below matches the blank spaces of those sentences? must not have an entry/optional for 1; suppresed for 2. must have an entry/supressed for 1; suppresed for 2. must have an entry/optional for 1; optional for 2. must have an entry/required for 1; optional for 2. must not have an entry/required for 1; optional for 2.
Consider the following sentences:
1. Reconciliation accounts are general ledger accounts assigned to the business partner master records to record all transactions in the sub-ledger.
2. For accounts without line item display, the most important data from the posted line items is stored in a special index table.
3. The account currency must be in the local currency.
4. Items in accounts with open item management means the G/L accounts should have a offsetting posting for a given business transaction.
Which of these are true (Please choose the correct sentence)? 1 and 3 2 and 4 1 and 2 2 and 3 1 and 4.
Since the line item display takes up additional system resources, you should only use it if there is no other way of looking at the line items. So, you should not activate the line item display for the following accounts (Multi): P+L Statement. Reconciliation. Revenue. Material Stock Tax.
Consider the follwing statements:
1. Accounts with open item management must have line item display activated.
2. You can activate or deactivate open item management everytime, even if the account hasn´t a zero balance.
3. You can select both local and foreign currencies as account currency.
4. If the account is the local currency, the account can only be posted to this currency.
5. When using the "Only Balances in Local Currency" indicator in the master data record, transaction figures are only managed for amounts translated into local currency.
Which of the above statements are true (Multi)? 1 2 3 4 5.
The "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for customers or vendors. True False.
The "Only Balances in Local Currency" indicator is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on an open item basis. True False.
Accounts with a foreign currency as an account currency can be posted to any currency. True False.
You can use a group chart of accounts for internal purposes. True False.
The usage of a financial statement version for the group chart of accounts is optional. True False.
What is the disadvantage of using the group chart of accounts (Please choose the correct sentence)? Because changes to existing G/L Accounts are effective as soon as they have been saved and could have extensive consequences. Because accounts with the account currency as local currency can only be posted to this local currency. Because the company codes use different operational chart of accounts, you cannot carry out cross-company code controlling. Because the group chart of accounts must be assigned to each operational chart of accounts. Because you must enter the group account number in the chart of acounts segment of the operational account.
Consider the following statements:
1. You cannot use the country chart of accounts if you desire to use the cross-company code controlling.
2. The disadvantage of using country chart of accounts is the accounting clerks who may be familiar with the country chart of accounts first have to get used to using the operational chart of accounts.
3. Reconciliation accounts are updated on a daily basis.
Which of them are false (Please choose the correct sentence)? 1 and 2 1 and 3 2 and 3 All None.
Which are the segments of the SD view of the customer account master data (Multi. Please select the sentences you think they are correct)? Client. Company Code. Controlling Area. Sales Area. Purchasing Organization.
Which are the segments of the MM view of the customer account master data (Multi)? Client. Company Code. Controlling Area. Sales Area Purchasing Organization.
What is the segment that makes complete both customer and vendor accounts (Please choose the correct sentence)? Client. Company code Controlling area Sales Area Purchasing Organization.
What characteristics are configured as standard for every customer/vendor account (Multi)? Line Item Display. Company Code. Currency Open Item Management. Purchasing Organization.
For every bank that is used in the system (for example, as a house bank or as a customer/vendor bank) you have to create a bank master record. True False.
Banks that are used by your company are defined as house banks. True False.
You cannot create bank master data when entering bank information in the customer or vendor master record. True False.
Bank Account and G/L Account are the same master data object. True False.
Customers that use the lockbox function can create a batch input session that automatically updates customer banking information in the master record. True False.
Consider the following statements:
1. The system can assign the document numbers or the user can assign the number during document entry.
1. A business transaction creates only one document.
3. Document types are defined at company code level.
4. Number ranges for document numbers and account types defined for postings are defined by the document types.
5. Document types also define whether invoices are posted with the net procedure.
Choose the correct option: 1,4 and 5 2,4 and 5 3,4 and 5 1,3 and 4 1,2 and 5.
What do the posting keys specify (Multi)? Whether the line item is connected to a payment transaction or not. Whether the posting is sales-relevant and the sales figure of the account is to be updated by the transaction, for example, by the posting of a customer invoice. Whether the line items contain "credit" or "debit" values Whether the line items are valid for a business transaction Whether the accounts are allowed for posting.
Consider the following statements:
1. A company code must be assigned to a posting period variant to have the control for posting periods.
2. ´+´ symbol represents all account types in the posting period customizing screen.
3. The account interval in the posting period customizing screen can be both G/L and subledger accounts.
4. The maximum amounts are defined per company code in "tolerance groups".
5. It is not possible to assign tolerance groups to user logon ID´s.
Choose the correct option: 1,4, and 5 2,4 and 5 3,4 and 5 1,2 and 4 1,2 and 5.
What fields of a FI Document Header section can be changed after a document has already been posted (Multi)? Fiscal Year. Reference Number. Text fields. Header text. Posting date.
About the change control, what conditions below are applicable (Multi)?
1. The posting period is already closed.
2. The line item is not yet cleared.
3. The document is a credit memo for an invoice.
4. The document is not a credit memo from a down payment.
5. The line item is either a debit in a customer account or a credit in a vendor account. 1 2 3 4 5.
What are the prerequisites to enable negative postings (Multi)? You have to define reversal reasons for negative reversal. You have to ensure company code permits negative postings. You have to define the document type that explicitly allows negative postings. You have to use cleared items. You have to reset cleared items.
What is the purpose of the terms of payment (Please choose the correct sentence)? Calculate a cash discount and invoice due date. Calculate the tax amounts Enable the cross-company code transactions. Define the baseline date. Calculate only the required conditions for SD invoices.
Consider the following statements:
1. Terms of payments are copied from invoice to credit memos when they are linked to.
2. Inserting a "V" in the invoice reference field during document entry means the terms of payment are activated in the non-invoice-related credit memos.
3. The account type field in terms of payment basic data screen should be defined separately, to prevent any done change in the term of payment.
4. The system cannot define the splitment of an installment payment, at least you define it in the terms of payment.
5. The day limits define the dates of the cash discount periods.
Which of the statements above is false (Please choose the correct sentence)? 1 2 3 4 5.
SAP supports tax on sales and purchases, US sales tax, additional taxes and withholding tax as tax systems for different countries. True False.
Only national level of taxation is allowed in the R/3 system. true False.
A tax calculation procedure is assigned to every company code for carrying out tax calculations. True false.
A jurisdiction code is a combination of the codes of tax authorities that tax movements of goods and use their own tax rates. True false.
If you desire to post manual tax postings, you have to flag the "Post Automatically Only" field of the account master record. True False.
Consider the following statements:
1. Number ranges for customer/vendor accounts can overlap.
2. An one-time account is a special customer/vendor master record which a company rarely do business.
3. The account group is used to control the fields displayed in the master record.
4. If you enter an alternative payer, the amount to clear the open items due in the account is paid by the alternative payer.
5. One number range can only be assigned to one account group.
Which of the above statements are true (Multi)? 1 2 3 4 5.
Consider the following items below:
1. (Blank)
2. "-"
3. "+"
4. "*"
5. "xx"
a. Require a tax code
b. Require an output tax code
c. Require an input tax code
d. Non tax-relevant postings
e. Predefined tax code xx
Choose the option that matches the items correctly: 1-c; 2-e; 3-d; 4-b; 5-a 1-e; 2-c; 3-b; 4-a; 5-d 1-d; 2-c; 3-b; 4-a; 5-e 1-a; 2-b; 3-d; 4-e; 5-c 1-b; 2-a; 3-e; 4-d; 5-c.
What are the examples of cross-company code transactions in the R/3 system (multi) One company code makes purchases for other company codes (Central Procurement). One company code pays invoices for other company codes (Central Payment). One company code sells goods to other company codes. One company code transfers CO postings to other company codes. One company code sends HR salary expenses to other company codes.
Consider the following statements:
1. Open items are incomplete transactions, such as invoices that have not been paid.
2. "Posting with clearing" function can be carried out for several accounts, account types and for any currency simultaneously.
3. You can only carry out the "posting with clearing" transaction manually.
4. Items with withholding tax can be cleared for the automatic clearing program.
5. Documents with open items can be archived.
Which of the above statements are true (Multi). Please select the sentences you think they are correct? 1 2 3 4 5.
What are the three types of tolerances in the FI component of the R/3 system (Please choose the correct sentence)? Company Code Groups, Employee tolerance groups and Customer/Vendor tolerance groups Company Code Groups, G/L Account tolerance groups and Customer/Vendor tolerance groups Employee tolerance groups, G/L Account tolerance groups and Customer/Vendor tolerance groups. Employee tolerance groups, Assets tolerance groups and Customer/Vendor tolerance groups. Employee tolerance groups, Material Stock tolerance groups and Customer/Vendor tolerance groups.
When the payment has been posted as a partial payment, all the documents reamain in the account as open items. True False.
When the payment has been posted as a residual payment, only the residual value remains in the account and the original document and the payment are cleared True False.
The system doesn´t post the exchange rates differences as realized gains or losses. True False.
G/L accounts must be defined for exchange rate losses or gains True False.
Realized exchange rate difference is the considered rate when an open item is cleared. True False.
Which of them are valid business transaction types for cash journal (Multi) Expense. Revenue Cash Transfer Customer Incoming/Outgoing payments Vendor Incoming/Outgoing payments.
Consider the following items below:
1. Free offsetting posting
2. Automatic offsetting posting
3. Noted items
a. Example: Requests for down payments.
b. Example: The bank postings for a received down payment.
c. Example: Posting a guarantee.
Choose the option that matches the items correctly: 1-c; 2-b; 3-a 1-c; 2-a; 3-b 1-a; 2-b; 4-c 1-b; 2.c; 3-a 1-b; 2-a; 3-c.
What are the four steps of the automatic payment process (Please choose the correct sentence)? Select open invoices, approve and/or modify payments, post payment documents and print payment media. Maintain parameters, generate proposal run, start payment run and schedule print. Approve and/or modify payments, generate proposal run, start payment run and schedule print. Maintain parameters, start payment run, post payment documents and schedule print. Select open invoices, maintain parameters, post payment documents and start payment run.
What can we define for the "All Company Codes" section, in the payment program configuration (Multi. Please select the sentences you think they are correct)? Intercompany payment relationships. The company code(s) that process payments. Cash discount. Tolerances days for payments. The customer and vendor transactions to be processed.
What is a sending company code (Please choose the correct sentence)? It is a company code that is responsible for processing the outgoing payments. It is a company code that passes the responsibility for processing the outgoing payments to another company code. It is a company code that sends only planned data to the receiver company code. It is a company code that receives only actual data from the receiver company code. It is a company code that has many plants.
What can we define for the "Paying Company Codes" section, in the payment program configuration (Multi. Please select the sentences you think they are correct)? Intercompany payment relationships. Minimum amounts for incoming and outgoing payments. Forms for payment advice and EDI. Bill of exchange specifications. Tolerances days for payments.
What can we define for the "Payment Method / Country" section, in the payment program configuration (Multi. Please select the sentences you think they are correct)? Define payment methods (check, bank transfer, etc.) for each country. Define the master record requirements, i.e. address required, for each payment method. Forms for payment advice and EDI. Document types to be used for posting and clearing documents for each payment method. Define the permitted currencies for each payment method.
What can we define for the "Payment Method / Company Code" section, in the payment program configuration (Multi. Please select the sentences you think they are correct)? Minimum and maximum payment amount. Whether payments abroad and foreign currencies are allowed. Grouping options. Bank optimization. Forms for payment media.
What can we define for the "Bank selection" section, ranking order, in the payment program configuration (Multi.Please select the sentences you think they are correct)? Minimum and maximum payment amounts. Which house bank should be considered for payment first, second, third, etc. Currencies. Bank optimization. Bill of exchange account.
What can we say about "Bank selection" section, value date field, in the payment program configuration (Multi. Please select the sentences you think they are correct)? Used with cash management and forecast. Used with the Currencies. The offset account to the sub ledger posting. The number of days until value date plus the posting date. Define the permitted currencies for each payment method.
What can we define for "Bank selection" section, accounts and amounts, in the payment program configuration (Multi. Please select the sentences you think they are correct)? Used with cash management and forecast. Used with the Currencies. The offset account to the sub ledger posting. Clearing accounts for bills of exchange. Available funds in each bank.
What can we say about "Bank selection" section, charges, in the payment program configuration (Multi. Please select the sentences you think they are correct)? Assess additional bank charges for incoming and outgoing payments. Used with bills of exchange. Additional automatic posting configuration. The number of days until value date plus the posting date. Define the permitted currencies for each payment method.
Consider the following statements:
1. Invoices tha match the specified payment parameters but, for some reason, cannot be paid are listed in the exception list.
2. In the proposal run, payments and related postings such as those for tax, tax adjustments, exchange rate differences or cash discount are posted automatically.
3. The payment block can be in: Payment term, Vendor/Customer master data and Invoices.
4. DME means Document Medium Exchange.
Which of the following options is correct?
1 and 3 1 and 4 2 and 3 2 and 4 3 and 4.
If you are using check management, you have to use check lots to print checks. True False.
All the company codes in the payment run parameters must be in the same country True False.
A payment method can be used only if it is entered in the account master record. True False.
The payment proposal can be edited, deleted and recreated as often as necessary. true False.
The exception list is part of the payment proposal. True False.
Consider the following statements:
1. The debit balance check can be carried out after a payment proposal has been created.
2. You cannot schedule an automatic payment program.
3. When using the Payment Medium Workbench (PMW), the note to payee can be freely defined in Customizing.
Which of the following options is correct?
1 2 3 1 and 2 1 and 3.
About the dunning program configuration, what controls how dunning is carried out (Please choose the correct sentence)? Company Code. Customer master record. Dunning procedure. Dunning texts Sales Organisation.
What of the following options we can define for each Duning Procedure, in the dunning program configuration (Multi. Please select the sentences you think they are correct)? Grace periods per line item. Key for the dunning procedure to be used. Currencies. Interest calculator indicator for calculation of dunning interest. Bill of exchange account.
. What of the following options we can define for each Duning Levels, in the dunning program configuration (Multi. Please select the sentences you think they are correct)? Minimum number of days, referring to the due date of net payment, to reach a certain dunning level. Key for the dunning procedure to be used. If interest is to be calculated. Interest calculator indicator for calculation of dunning interest. Print parameters.
What of the following options we can define for Expenses/Charges, in the dunning program configuration (Multi. Please select the sentences you think they are correct)? A minimum amount for the dunning charges can be set. Key for the dunning procedure to be used If interest is to be calculated. Dunning charges, depending on the dunning level. Print parameters.
Customers without dunning procedure in the master record are dunned with a default dunning procedure. True False.
If dunning areas are not used, dunning is performed at the company code level. True False.
It is possible to dun vendors as well as customers True False.
The "run date" is always the date when a certain dunning run is supposed to be started True False.
The parameters specify the accounts and documents that are to be considered in the dunning run. True False.
The payment terms of a credit memo usually do not apply, and the due date is either the due date of the associated invoice or the baseline date of the document. True False.
Every dunning procedure must have at least four dunning levels. True False.
An account is only dunned if all the overdue items have exceeded the minimum days in arrears. True False.
The dunning run updates the dunning data in the dunned items and accounts. True False.
A dunning notice is only sent if the dunning data has changed since the last dunning run or if "Always dun?" is selected. True False.
After the dunning proposal has been created, changes to the dunning data in items or master records are ignored in the current dunning run. True False.
The dunning proposal can be edited, deleted and recreated as often as required. True False.
One dunning form can be used for all dunning levels and dunning areas. True False.
The dunning text for dunning level 6 is stored in text module 616. True False.
The last dunning level is equal to the legal dunning procedure. True False.
Consider the following statement about Correspondence:
A ______<1>______ represents a type of letter in the system. Each ______<1>______ has a corresponding _____<2>_____. Each _____<2>_____ has a selection variant. Each _____<3>_____ is assigned a SAPScript form.
Please choose the option that substitutes <1>, <2> and <3>, respectively: correspondence, correspondence type, print program. correspondence type, SAP Script form, print program. print program, program, correspondence type correspondence type, print program, program. program, print program, correspondence type.
There are two types of interest calculation in SAP R/3: account balance and interest on arrears. True False.
Account balance interest calculation is applied to individual items in accounts receivable or accounts payable. True False.
Account master data must contain an interest calculation indicator for interest calculation to take place. True False.
On a given account, SAP R/3 cannot calculate different interest rates based on the amounts of balances or items. True False.
You can configure SAP R/3 to calculate interest for customers or vendors that owe you money. You cannot calculate interest, however, if you owe your business partner money. True False.
You can void a check without reversing the payment document. True False.
You can void a check and reverse the payment document at the same time. True False.
You can void a check and reverse the payment document and the vendor invoice all at the same time. True False.
You have to maintain customer bank details manually in the master record to ensure that as many incoming payments are assigned as possible. True False.
You can define as many financial statement versions as you need to prepare reports according to various criteria, for example, for tax authorities, for other external users and for internal purposes. True False.
Consider the following statements
1. Balance confirmations are done at the beginning of the fiscal year.
2. You carry out the foreign currency valuation after you have created the financial statements.
3. You can use SAPF100 report to regroup and sort the receivables and payables.
4. You enter individual value adjustments (IVA) as a special G/L transaction E.
5. You can use the SAPF107 program ("Additional valuations") to carry out a flat-rate individual value adjustment.
Which of the above statements are false (Multi. Please select the sentences you think they are correct)? 1 2 3 4 5.
Consider the following statements:
1. The profit and loss statement can be created using two types of accounting: ____<1>____ and ____<2>____.
2. In ____<1>____, the total output of a period and the total costs of this period are summarized.
3. In ____<2>____, the sales revenue for a period and the sales costs of the period are summarized.
4. You can derive the ____<3>____ via a substitution rule, if it cannot be entered in the master data.
Please choose the option that substitutes <1>, <2> and <3>, respectively: cost of sales accounting, functional area, period accounting. functional area, period accounting, cost of sales accounting. period accounting, cost of sales accounting, functional area. functional area, cost of sales accounting, period accounting. period accounting, functional area, cost of sales accounting.
What is the purpose of the cost of sales ledger (Please choose the correct option)? It stores all cost flows within controlling in a summarized form. It represents the cost element accounting and allow the link between FI and CO modules. It serves as a special ledger to maintain transaction figures for each functional area, when the balance sheet is created using cost of sales accounting. It is a part of the FI-GL sub module, intended to maintain transaction figures for each business area, when the balance sheet is created using cost of sales accounting. It helps to transfer billing values from SD to CO.
What is the purpose of the recurring entry program (Please choose the correct option)? It helps creating the reversal reasons. It helps the often entry of accruals/deferrals. It helps creating the company code. It helps making cash discounts. It helps configuring the reconciliation ledger.
What is the intention when we create accruals (Please choose the correct option)? It means the expense/revenue were posted to the current period on receipt/issue of an invoice, but economically they belong, at least partially, in a future period. It means the expense/revenue belong in the current period and are only posted to a subsequent period once an invoice has been received or issued. It means the payment won´t never occur. It means it is a special G/L transaction. It means it is a normal FI Document (document type SA).
Consider the following sentences:
1. The Accrual Engine is a generic tool for calculating and creating accrual postings.
2. One of the disadvantages of being using the Accrual Engine is that you can make periodic accruals postings automatically as performance optimized mass data processing using an accrual run.
3. You have to create deferrals when an expense or revenue is posted in the current period, but is incurred or earned partly or completely in the future.
4. The purpose of the account determination in the Accrual Engine is: determine the document type, the debit account and the credut account.
5. One of the benefits provided by the Schedule Manager is the closing process is more transparent and easier to handle.
Which of the above sentences is false (Please choose the correct option)?
1 2 3 4 5.
Which of the following statements are correct? More than one chart of accounts can be created for each client The chart of accounts contains all the G/L accounts, vendor accounts and customer accounts More than one company code can be allocated to the same chart of accounts The chart of accounts controls all the customising settings in the R/3 system All accounts within a chart of accounts must have the same tax code .
What status reports does Cash Management and forecasting include? Cash management position Liquidity forecast Credit limit report G/L account balances Bill holdings .
Which of the following are clearing procedures in accounts receivable? Incoming payment Down payment request Credit memo Transfer posting .
Account groups are used to control the following properties: Field status of transaction fields Field status of master fields Field status of master fields and number range Field status of master fields, number range and whether accounts are P&L or Balance sheet.
You can post transactions to an account in any currency only if Account currency is not maintained Account currency is same as local currency of the company code Account currency is different from company code currency Under all circumstances.
Planning levels in G/L accounts are used for Generating G/L planning Planning memo entries in Treasury Classifying transactions pertaining to Cash flow Classifying G/L accounts as per Balance sheet format.
You can carry forward P&L account balances to Multiple retained earnings accounts, automatically Single retained earnings account, automatically Multiple retained earnings accounts, through period end processing Single retained earnings accounts, through period end processing.
Default exchange rate picked up during FI document entry is Exchange rate maintained for type B Exchange rate maintained for type M Exchange rate maintained for type G There is no default exchange rate type.
You can clear open items only when they have same Business area, amount, opposite Dr/Cr indicator and same entry in fields that are configured for automatic clearing Amount, opposite Dr/Cr indicator Business area, amount and opposite Dr/Cr indicator Amount, opposite Dr/Cr indicator and same entry in fields that are configured for automatic clearing.
Foreign currency valuations on G/L accounts are performed on the following accounts All accounts All accounts managed on Open Item basis All accounts managed on Open Item basis and all accounts with account currency different from local currency Accounts managed on Open Item basis having foreign currency transactions and all accounts with account currency different from local currency.
You can display account balances of several related accounts through Account groups Sort key Worklists Totals variant.
You run BA/PC adjustments for Balancing BA level balance sheet for inter business area transactions Balancing Company code level balance sheet for inter company transactions Posting adjustment entries for changed reconciliation accounts Posting vendor / customer reclassification at Business area level.
Fast entry screens in FI are used to enter Customer and vendor line items G/L line items G/L, Customer and vendor line items Invoice receipt against GR.
Easily entered document entry templates are called Sample document Account assignment models Worklists Recurring documents.
Posting keys are used to decide Dr/Cr indicator, field status of transaction screen, account types Dr/Cr indicator, account types Dr/Cr indicator, field status of transaction screen, account types, Spl GL applicability Dr/Cr indicator, field status of transaction screen.
How many parallel currencies are possible and at what level are they assigned? 2 local currencies, Chart of account 3 local currencies, Chart of account 2 local currencies, Company code 3 local currencies, Company code.
Cross company code transactions are carried out between company codes 0001 and 0002 in the year 1999. The accounting document created for 0001 is 9800005210 and that for 0002 is 9800004236. This is created from company code 0001. The cross company code number generated is 000198000052100001 980000423600020001 9800005210000199 9800004236000299.
When you reverse a posted document, the document number must be Internal External Internal or external Manually assigned.
Financial statements can be generated in Local currency Document currency Controlling area currency Any currency for which customization is maintained.
The views maintained for vendor master data are General data, Company code data General data, Company code data, Purchasing data General data, Company code data, Business area data General data, Company code data, Business area data, Plant data.
Group key assigned to vendor master records control the following: It is a combination of upto 3 fields based on which open invoices are selected for automatic payment Basis for grouping several vendors for balance display Basis for classifying vendors for standard reporting It is a combination of upto 3 fields based on which open invoices are selected for manual payment.
Posting through a special ledger indicator affects the main reconciliation account of the vendor or customer the alternative reconciliation account mapped to the main reconciliation account of the vendor/customer the alternative reconciliation account and the main reconciliation account of the vendor/customer offsetting entry to the main reconciliation account of the vendor/customer.
Cheque management with relation to outgoing payments is possible for open items for Vendors Vendors and customers Vendors, customers and G/L accounts Vendors and G/L accounts.
If you do not want to enter a document with provision for updating the ledger on approval from authorized officials, you use the following functionality Parked document Sample document Account assignment model Recurring document.
Accounting for Down payment request involves Statistical items Parked items Noted items Regular items.
Business area is determined for accounting documents generated automatically from Logistics modules are on the basis of: Plant-Division combination Plant-Division-Distribution channel combination Plant-sales area combination Plant-Division combination and Sales area.
When you carry out regrouping through AR or AP, the following activities are performed Reclassify where debtors have credit balance & vice versa Reclassify open items by remaining life Reclassify by changed reconciliation accounts All of the above.
When you carry out automatic payment, bank through which payment is effected is based on Ranking order of house banks House banks maintained for specific business areas House banks entered in the parameters of the Run Ranking order and available balance in the accounts.
Payment needs to be made against invoices with payment blocks created during invoice verification. Payment block can be removed by Release block in MM Changing the field entry from the invoice document By reallocating in the payment proposal Cannot be removed.
In SAP, a bill of exchange receivable item is cleared during Discounting the bill Transfer posting with clearing Reversal of contingent liability Clearing against outstanding advances from the customers.
In which of the following processes do the original invoices remain as open items Residual payment Partial payment Charge off difference Distribute difference.
How do you assign credit terms while drawing a bill of exchange on your customer? By assigning payment term to bill of exchange item By assigning due date to the bill of exchange item By assigning payment term to invoice item By assigning due date to invoice item.
GR/IR account is managed on open item basis, and the indicator Balance in LC only is ticked. During a GR, it is credited with $100 (Ex rate USD:INR=1:40). At the time of invoice receipt, ex rate is Rs 41 = $1. If clearing for $100 is done for the GR/IR account, what is the FC exchange rate posting? Cr Rs.100 Dr Rs.100 Cr. $100 No exchange rate posting.
What are the different account types in SAP? Customer, Vendor, GL Customer, Vendor, GL, Asset, Material Customer, Vendor Customer, Vendor, Asset.
When several organizational units carry out dunning within a single company code, the SAP entity used to distinguish and control the process is called Dunning procedure Dunning key Dunning clerk Dunning area.
If you do not want to dun a vendor beyond a particular level Use dunning key to limit the maximum level Use dunning block on the vendor master Use dunning clerk to block dunning Use dunning block on the dunning procedure.
If you want to chooose a different set of fields in a vendor account line item display, you choose a different. Sort variant Totals variant Line layout Additional fields.
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