Which statements regarding the Materials Management postings in Financial Accounting are true? If a material document and an accounting document are generated at the time of a posting, the material document number is displayed as reference in the accounting document. The field selection for the movement types for goods issues and the field selection for the account of the offsetting entry must not conflict with each other. The value string assigned to a movement type represents a generalized posting record. That is to say, a posting can be generated only for transactions (transaction/event keys) that are defined in the value string. The transactions (=logical structure) of a posting record can be influenced via the account determination process.
For which account assignment objects can goods be withdrawn from valuated stock? Cost center. Production order Sales order. Asset. Profit Center.
Which of the following statements regarding the valuation level are correct? The plant can be defined as the valuation level. The company code can be defined as the valuation level. The controlling area can be defined as the valuation level. You can change the valuation level at any time.
What are the special features of the blanket purchase order? "Account assignment unknown" is allowed for limit items. Only materials for direct consumption (consumables) can be procured. A limit item can only be created without a material number. Invoices for blanket POs are always blocked for payment. Goods receipts against blanket POs are always non-valuated.
Which statements regarding price control in SAP R/3 are correct? If a goods issue has taken place between the posting of a goods receipt into the warehouse and the posting of the invoice, so that total stock becomes less than the quantity for which settlement is due, differences between PO price and invoice price are posted for the quantity consumed (stock undercoverage) to a price difference Price control V (moving average price) is advisable for externally procured materials. In the case of price control S (standard price), if there is a variance between the PO price and the valuation price in the material master record, the difference is posted to a GR/IR clearing account at the time of goods receipt. This is cleared when the invoice is posted. Price control S (standard price) allows purchase orders at constant prices only. Therefore, in the case of externally procured materials with price control S, you should set up outline purchase agreements with your vendors so as to ensure a constant price.
Therefore, in the case of externally procured materials with price control S, you should set up outline purchase agreements with your vendors so as to ensure a constant price.
Which statements regarding Evaluated Receipt Settlement (ERS) are true?
Invoices cannot be entered manually for PO items for which ERS has been defined. The goods receipt must have been posted. The 'Evaluated Receipt Settlement1 indicator must be set in the vendor master record. There can be no quantity or price variances between the automatically generated invoices and the goods receipt.
Which statements regarding the Price Control field in the Accounting view of the material master record are true? In the case of a moving-average-price-controlled material, the PO price is used as the valuation price at the time of goods receipt. Only in the case of MAP-controlled materials can a stock value adjustment be carried out at the time of invoice receipt. If the standard price is used for externally procured materials, a posting is made to the price difference account at the time of the goods receipt against a purchase order in the event that the PO price differs from the standard price The price control for a material cannot subsequently be changed.
Which fields of the material master record have a direct influence on the account determination process in Materials Management? Valuation class (Accounting screen). Valuation type (organizational levels). Account grouping (modification) code (organizational levels). Material type (general data).
Which of the following statements regarding relationship between account assignment and item category are true? You must define the combination of item and account assignment categories in customizing to use them in purchasing documents. i.e. Cost Center K and L Subcontracting You can not define the combination of item and account assignment categories in customizing You must define the combination of item and account assignment categories in purchasing documents. i.e. Cost Center K and L Subcontracting.
SAP only provides moving average value for current, previous period, and previous year. SAP does not provide transactions/reports that will provide moving average value for a given date. How can I report moving average price for material number 10000000 at plant 0001 on July 4, 1998? Change the updating level of the structure (S031) to "daily". In LIS the total value and the total stock are available. Divide value by the stock. It is possible to calculate this dynamically when the analysis is run and to display the result Create your own structure in LIS and populate it by copying the Moving Average Price from the material master every time there is a transaction. You will have data on those days when there was a transaction Change the updating level of the structure (S032) to "daily". In LIS the total value and the total stock are available. Divide value by the stock. It is possible to calculate this dynamically when the analysis is run and to display the result Create your own structure in List displays and populate it by copying the Moving Average Price from the material master every time there is a transaction. You will have data on those days when there was a transaction.
Which of the following statements regarding relationship between material type and valuation class are true? A valuation class can may be used for several material types A valuation class must may be used for several material types A valuation class can not may be used for several material types.
Which of the following statements regarding the valuation class in the R/3 system are correct? Avaluation class may be used for several material type Several valuation class may be assigned to an account category reference Valuation classes are assigned in the vendor master record Just one material type may assigned to a valuation class.
In which mode can you access the assignments of value strings to goods movements and the breakdown of the value strings into transaction keys in Customizing for Inventory management and Physical Inventory? Display Mandatory Optional.
What controls the posting to a price difference account? Transaction key Material Valuation class Account category reference Valuation grouping code.
How is the quantity that has already been invoiced valuated at goods receipt if the invoice is posted before goods receipt and the subsequent GR quantity is greater than the invoice quantity? purchase order price invoice price Goods receipt price.
What does the account group determines, among other things? Whether internal or external number assignment is required Which fields must be entered in the selected views Which partner schemas roles are valid with this vendor The material you can purchase from this vendor The maximum order quantity you can place with the vendor.
What does the Account Assignment control? Account determination Material Lumber Item Category.
Which are the steps for split valuation configuration? Global types/global categories/local definitions Global types/global categories Global types/ local definitions.
There is a stock of 60 pc of a material having a standard price of Rs.9. A purchase order has been raised on the vendor for 40 pieces at Rs. 11 per pc. The material was received and invoice verified. What would the accounting entries show for this movement after IV Stock account Rs. 360+, vendor account Rs. 440- Stock account Rs. 360+, vendor account Rs. 360- Stock account Rs. 440+, vendor account Rs. 440- Stock account Rs. 440+, vendor account Rs. 360- Stock account Rs.0, vendor account Rs. 80-.
What is the key for account determination that enables a differentiation for G/L account assignment depending on material? Material Material Type Valuation grouping code Transaction Chart of accounts.
.What is the key for account determination that enables a G/L account assignment differentiation for the offsetting entry for an inventory posting? Account grouping Valuation grouping code .Chart of accounts Valuation class .
What are the influencing factors for configuration of account determination? Chart of accounts Material Material type MM transaction.
Which chart of accounts includes specific requirements pertaining to consolidation? Group Chart of accounts Country-specific chart of accounts Local chart of accounts Valuation area chart of accounts.
What can be the relationship between valuation class and material type?
1 to 1 Many to many Many to 1 1 to many.
What establishes the relationship between a valuation class and material type? Valuation grouping code G/L account Valuation category Valuation grouping code.
You have activated the valuation grouping code. What must necessarily follow? You must assign a code to each valuation area You must allow more than one valuation class for a material type More than one material type can be allowed for a valuation class You can assign more than one valuation class to an account category reference. You must specify a valuation grouping code to each valuation area .
What can you do if you want to turn off the dependency of account determination function on the valuation area? Deactivate valuation grouping code Create group chart of accounts Activate valuation grouping code Assign materials to a valuation class for each valuation area on the accounting view.
What highlights the relationship between material types and G/L accounts? All materials for a material type can be assigned to a G/L account Different material types with all materials within them can be assigned to a G/L account Two different materials within the same material type can be assigned to different G/L accounts Group several material types and assign different G/L accounts to different materials within this group.
Valuation grouping codes can correspond to a .? Single chart of account Many chart of accounts General and local chart of account.
Which one among the following options describes best the relationship between chart of accounts and company code? 1 to many 1 to 1 Many to 1 Many to many.
What controls the account group in the vendor master? Field selection in the vendor master Type of Number assignment for vendor master Particular use of vendor master record in your business Account determination.
.Which of the following is an Account Assignment category? Sales Order Material Group. Purchase Requisition Release Code G/L Account .
For which transactions can you change the account grouping? Inventory Management Invoice verification.
What does the system use for the account assignment category to determine the default account? Transaction key GBB Account grouping Transaction key PRD Valuation group code Valuation group code .
Which of the following can possibly influence the valuation price of a moving average priced material? Goods receipt for a purchase order. Invoice verification against a purchase order. Goods Issue to a cost centre Stock transfer between two storage locations in the same plant Transfer posting from unrestricted use stock to quality inspection.
What do you specify with the aid of the account group? The number range interval for assignment of the account number to the vendor The field selection in the vendor master record Whether the number of the vendor master record is assigned internally or externally The corporate group to which the vendor belongs The presetting of the update indicator in the PO items.
Which statements regarding the account assignment category in purchasing are correct? The admissible combinations of the item category and account assignment category must be maintained in customizing for purchasing Every customer can define new account assignment categories for himself in customizing Only one account assignment category can be entered for all the ítems in a purchase order Account assignment categories have keys in the system (internal account assignment category). However, the user works with an external account assignment category. The latter can be influence in customizing The account assignment category controls the type of account assignment, the pre-population of the indicator for goods receipts and invoice receipts, the binding nature of these indicators, and the screen selection on the account assignment screen.
Which of the following statements regarding the gross price of a material are correct? Different plant-specific gross prices can be defined in a contract item If a valid price exists in the info record for a material, the system suggests the price (uses it as a default value) in the purchase orders that do not reference a contract When you create a new purchase order in the system, the default values for the price is always taken from the last PO You obtain the net value by deducing the cash discount amount from the gross price.
Characteristics of valuation class A valuation class can used for several material types Valuation classes are assigned in the material master record Several valuation classes can be assigned to an account category reference Valuation class has direct influence on the account determination procees in materials management in the material master record.
Characteristics of split valuation For individual valuation types you can determine whether they can be used in an internal and/or external procurement process. The valuation categories control whether a valuation type is binding for a transaction You can define active valuation types for a valuation category differently for each plant Configuration steps: define global types, define global categories, Define local definitions: Assign global categories to plants You can not use split valuation types with standard price control materials.
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