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 ot
B/S.
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.
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 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, special G/L
applicability dr/cr indicator, field status of transaction screen.
How many parallel currencies are possible and at what level they are 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 up to three 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 up to three 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.
Check 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 and 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 items 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 terms 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 (exchange rae USD:INR = 1:40). At the time of invoice receipt, exchange rate is Rs.41 = $1, Uf ckearubg fir $100 is done for the GR/IR account, what is the foreign currency 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 chose 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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