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The SAP system works on the basis of inventory principle. False True.
The document remains as a complete unit in the system unit it is archived. True False.
Every document is uniquily identified by the following fields: Document number Company code Fiscal year Company Line items.
Documents in SAP ERP Financials contain the following: a document header between 2 and 999 line items maintenance language.
Which of the following statements are correct? Two important control keys are:Document type for the document header and Posting key for the line items. Two important control keys are:Posting key for the document header and Document type for the line items. The SAP system generates at least one document for every business transaction. Each document receives the same document number. A business transaction can create one or more documents. Related documents are linked in the system so that you have an overview of every business in the system.
The document type controls the document header and is used to differentiate the business transactions to be posted. True False.
Document types are defined at client level and therefore valid for all company codes. True False.
Document types define the following: Number ranges for document numbers Account type permitted for postings The field status of the Document header text and Reference number fields in the document header Whether invoices are posted with the net procedure.
Important Standard Document Types KR DR KG DG AB KZ DZ SA KN Customer invoices Vendor invoices Customer credit memos Vendor credit memos General documents Customer payments Vendor payments G/L account postings Vendor net invoices and credit memos.
The payment program uses mostly the document typer ZP for its automatic postings. True False.
The document number range defines the range of numbers that must be assigned as document numbers. True False.
Document number ranges must overlap. False True.
The document number range may be: Internal numbering External number assignment None of the above.
The document number range must be defined for the year in which it is used.There are following options to a fiscal year in the future for every fiscal year.
One number range can be assigned to several document types. True False.
The posting key has control functions within the line items.It controls: To which type of account the line item can be posted to If the item is posted as a debit or credit The field status of additional details.
Like document types,posting keys are also defined at client level. True False.
In addition to the control functions,the posting key also specifies: whether the line item is connected to a payment transaction. whether the posting is sales-relevant. whether the posting is purchase-relevant none.
What information is displayed when a document is processed is controlled by the document types. False True.
You have to define the status of every document entry field. True False.
You assign field status groups to the respective general ledger accounts in the G/L account master records. True False.
The field status groups are summarized in one field status variant. True False.
The field status variant is assigned to company code(s).No posting can be made untill this is complete. True False.
Typically,you assign the same field status variant to all of your company codes so that the same field status information applies across company codes. True False.
If a document is posted to a subledger account,the field status group of the reconciliation account is used True False.
Posting to G/L accounts are mainly differentiated by means of different field status groups. True False.
Only two posting keys (50-Debit and 40-Credit) are required for G/L account postings. False True.
Every company code may defines its own document types. False True.
Every company code may defines its own document number ranges. True False.
At the begining of a new fiscal year,the system always starts the document number assignment again at the start of the number range. False True.
Document number ranges must not overlap True False.
How many number ranges can be assigned to a document type simultaneously?.
Name two elements that influence the field status of document fields. Field status group Posting key Account group.
Each general legder account has a field status group. True False.
Posting periods are defined in the fiscal year variant. True False.
You can have as many posting periods open as desired. True False.
During period closing,you cannot open special periods for closing postings. False True.
During closing,two period intervals must be open at the same time. True False.
Several company codes cannot use the same posting period variant. False True.
The posting periods variant must contain at least the account type"+". True False.
The account type "+" must be open for all periods that are supposed to be open for any other other account type. True False.
Posting periods can be handled differently for different account types;that is for a certain posting period,postings to customer accounts may be permitted while postings to vendor accounts may not. True False.
The account range in the posting period variant consists of G/L accounts. True False.
Posting periods are opened and closed automatically. False True.
No more than two periods can be open at the same time. False True.
The authorization group in the posting period variant applies only to authorization for the posting in special periods. False True.
Tolerance groups the maximum amounts are defined per company where the processing of payment differences is controlled.
In tolerance groups you can enter upper limits for the following: Total amount per document Amount per customer/vendor item Cash discount a user with this tolerance group is able to grant.
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