Title of Test:
Test TFIN50_2 BOOK EXERCISE
Description:
Theoretical exercises in Financial accounting 1 book 2, TFIN50_2
Author:
N
(Other test by the same author)
Creation Date:
6/15/2010 11:41:07 AM
Category:
Others
Number of questions:37
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Content:
List 4 steps in the payment program.
Name 5 areas into which the payment program configuration is divided.
The __________ specify the accounts and documents that are to be included in the payment run.
The payment program needs the ___________ to determine whether an open item has to be paid now or in the next period payment run.
The sequence in which the payment methods are entered in the ___________ reflects their priority.
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.
List the 4 steps have to be taken by the dunning program to perform the automatic dunning procedure.
Customers without a dunning procedure in the master record are dunned with a default dunning procedure. True False.
Dunning notices can be sent to both customers and vendors. 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 account and documents that are to be included in the dunning run. True False.
List some reasons why overdue items might not be dunned. Does not have a debit balance Overdue but does not exceed grace periods Does not have a credit balance.
List the main steps involved in creating the dunning proposal.
The payment terms of 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 dunned only 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 sent only 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.
One dunning form can be used for all dunning levels. True False.
The dunning text for dunning level 6 is stored in the text module 616 True False.
The last dunning level is the legal dunning procedure. True False.
Account master data must contain an interest calculation indicator for the interest calculation to take place. True False.
On a given account, the SAP system cannot charge different interest rates based on the dollar amounts of balances or items. True False.
You can configure the SAP system to calculate interest for customers or vendors that owe you money. You cannot calculate the interest, however, if you owe your business partner money. True False.
Name 2 kinds of interest calculation the SAP system offers.
What information do you need to create a new interest calculation indicator? Two-charater interest indicator Interest calculation type Four-character interest indicator.
You can void a check without reversing the payment document. True False.
you can void a check and reverse 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.
Name the tree documents used in the payment process.
Name 2 ways of creating a check.
List four statuses that a check can have. Processed On account Partially applied Unprocessed Bounced Invalid.
You have to maintained customer bank details manually in the master record to ensure that as many incoming payments are assigned as possible. True False.
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