Billing

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Title of test:
Billing

Description:
Billing

Author:
Harry Keogh
(Other tests from this author)

Creation Date:
03/06/2009

Category:
Others
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Content:
The following are functions of the billing document in the SD process. Mark the correct answer. Billing create billing documents for orders and deliveries Billing update the document flow and billing status Billing do not update the credit account Billing create documents in FI and forward data to Profitability analysis .
The billing document consist of Header Item Schedule line Only Header Only Item .
Billing Document Header contains the following Material number Billing date Billing quantity Customer number of Payer Net Value of entire document .
Billing Document Item contains the following material Billing date Billing quantity Customer number of Payer Net Value of the entire document .
The system show the delivery number and sales order numbers at which level of the billing document? Header Item Header and Item level .
The posting status of he accounting document can be seen on which level of the billing document? Header Item Header and Item .
A company code represents a legal entity of the business for which a set of accounts can be drawn up for the purpose of external reporting. True or False True False.
Which of the following statements are correct A Sales Organisation can be assigned to more than one company code A Sales Organisation can only be assigned uniquely to one company code A company code cannot have more than one sales organisation assign to it A plant can be assigned to different "sales organiations / distribution channel" combination within the same company but can also be assigned to a distribution chain of another company A plant can only be assigned uniquely to one company code .
Where the sales organisation and the plant in a document is assigned to two different companies you must immediately know that the result will be an inter-company transaction True False.
A plant can be assigned to a Sales organisation of another company but with the distribution channel that is in the same company as the plant. The effect of this will be an inter company transaction True False.
A Business Area is a mandatory org unit that must be defined True False.
The system can determine the business area in various ways? Which of the following can be used in the derivation of the business area Company code Sales Area Plant and Item Division Sales organisation, Distribution channel and Item Division Shipping point .
Which of the following statements are correct Every company code need to have it's own set of chart of accounts More than one company code can use the same chart of accounts Becuase of the unique assignment of the sales organisation and company code, the system will automatically derive the company code when you enter the sales organisation in the FI document Becuase of the unique assignment of the sales organisation and company code, the system will automatically derive the company code when you enter the sales organisation in the sales order A business area must always be defined. .
Which of the following is incorrect A Sales organisation can be assigned to only one company code A Business area can be defined for more than one company code When you create a new organisational unit in customising you first need to define the unit and then assign it to the relevant organisational units A Business Area represent an organisational unit for which you can carry out internal reporting A Business Area is assigned to a Sales organisation only .
You can change the proposed billing document type (that came from the sales document type), when you create the billing document. True False.
Which of the following is incorrect The billing document type control the number assignment and the partners The billing document type control the Revenue Account determination The billing document type control the Cancelation billing type and the posting block The billing document type does not control the texts and output .
From where does the system determine if it is order related billing or delivery related billing? Sales document type Delivery document type Billing document type Order Item category Delivery Item category .
Which of the following statements are correct regarding billing cancellation When you cancell a billing document the system copies the data from the billing document into the cancellation document and offsets the entry in accounting When a billing document is cancelled it does not update the document flow The cancellation document causes the reference document for the billing document (e.g. the delivery) to be reopened so that a correct billing document can be created You can cancel individual items in a billing document You cannot cancel individual items in a billing document.
Which of the following statement is incorrect in regards to debit and credit memos It can be referenced to a Sales document or to a billing document The can be created with reference to credit memo requests and debit memo requests It can be created without reference to a previous document It can be referenced to a delivery In order to be created, a billing block must be removed from the reference document .
Which of the following statements are incorrect The invoice correction represents a combination of a credit and a debit memo request The invoice correction can be created without reference to a billing document First the debit memo items is listed followed by the credit memo items. The debit memo items cannot be changed When creating an invoice correction, the items are automatically duplicated and the resulting Item categories must have opposite +/- values You can delete the credit and debit memos together and all unchanged pairs can be deleted at once in this way .
When you process an invoice correction and you change the quantity, the system also update the stock quantity and values in the balance sheet. True False.
When you have two processes where you use the same material and in the one instance you do not create a delivery for the return and in the other instance you need to create a delivery for the return. What can you do to facilitate these processes? Create another returns document type to be able to differentiate between the two processes Create another Item category so that the user can change the item category in the returns order to differentiate between the two processes Create another Copy Control to differentiate between the two processes .
With regards to the invoice correction. Apart from the normal Item Category you will find a second Item Category proposal and another pricing type in the copy control to manage the 2 entries of an Invoice Correction True False.
Which of the following are true regarding returns? Information is not passed over to accounting because of a posting block. A return order must reference another order. The inventory for returns is valuated. A return order can be created without referencing another document. A credit memo cannot be created until the goods issue has been posted for the returns delivery. .
Which of the following statements are correct The pro forma invoice can be created from the order (F5) The pro forma invoice can be created from the delivery (F8) The pro forma invoice can be created from the billing document (F9) A pro forma invoice is used to pass information on to FI for cash planning purposes A pro forma invoice is generally used for local sales .
Which of the following statements is incorrect You can create as many pro forma invoices as you would require, since the billing status in the reference documents is not updated Data from pro forma invoices is not transferred to accounting Data from pro forma invoices is transferred to accounting You need to post the goods issue before creating a delivery related pro forma invoice .
Identify the correct statement. You can create an invoice with reference to a delivery or a goods issue document You cannot create credit memos with reference to a credit memo request. The possible reference documents for billing doc are determined by copy control Pro forma invoices are generally needed for exports. After creating a pro forma invoice, the postings are automatically made in the FI module.
Which of the following statement is incorrect in regards to cash sales The delivery is created automatically when you save the cash sale order The goods issue is posted afterwards as a seperate transaction The system automatically print the billing document (Receipt) The accounting entry will be blocked and must be released by the responsible employee The delivery must be created after the cash sale order .
You do not have to refer to an existing document when creating a billing document. True False.
Each billing document requires a reference document. Mark the documents that can be used Sales document Outbound delivery Goods Receipt Billing document .
With delivery related billing the system will copy only data from the delivery True False.
With delivery related billing certain data is copied from the delivery document. Which of these are correct Payment terms, Payer Pricing, Payer, Payment terms, Incoterms Ship to party, Shipping point, Plant, Incoterms Payer, shipping point, plant, Payment terms .
From where does the sytem determine if a transaction must update the document flow? Copy control Item Cateory Document type .
Copy control influence the data flow from the reference document to the billing document. Which of the following is controled at Item level Foreign trade data Allocation number Reference number and Item number to be copied Material number Quantity and pricing .
Which of the following are valid pricing types Copy pricing elements from reference document and update scales Manual pricing elements are copied, and pricing is carried out again Pricing elements are copied unchanged from reference document Pricing elements are copied unchanged from reference document, but tax conditions are determined again Pricing elements are copied unchanged from reference document, but freight is determined again .
Billing due list can be created at what level of the sales structure? Client Company code Sales Organisation Item Division .
When processing a billing due list, you have the following options. Select the correct answers The invoice run can be started as a simulation run. For performance reasons, the invoicing run via billing due list processing can only be carried out in batch. The invoice run can be carried out for delivery-related and order-related billing documents simultaneously. Order-related and delivery-related billing documents must always be created separately. Order-related and delivery-related billing documents must always be created in the background. .
Which of the following statements are incorrect? As a rule the system will always attempt to combine all compatible transactions in a single document The SAP system does not allow you to include both order related items and delivery related items on the same billing document If the header partners or data are not the same, the system will automatically perform an invoice split Different Payment Terms per item can cause invoice split With additional split requirements the copy control can be customised to define additional split criteria like, material group and the header field VBRK-ZUKRI is available for this .
How does the SAP system enable you to check the reason for documents not being combined in a billing document? Using the Split analysis function in the environment menu of the billing document. Control of the document flow. Control of the billing log. .
Select the incorrect statement regarding Invoice lists Invoice list contain various billing documents and can be sent to a payer on specified days or intervals All the Billing types to be included in the invoice list must be assigned to the invoice list type For the system to work you need to define a factory calendar to indicate on which days the invoice list must be created and this factory calender must be added to the payer's master data Invoice list update accounting & post the accounting documents for the billing documents in the list Invoice list cannot be cancelled as a list. The individual billing documents need to be reversed if you want to cancel the billing list .
When several invoices are created for one delivery, this is known as: A split invoice A complete invoice A collective invoice An invoice split An invoice collection .
When several deliveries are grouped together in one invoice, this is known as: A split invoice A complete invoice A collective invoice An invoice split An invoice collection .
Which of the following statements are true regarding billing plans? The following are the three type of billing plans: periodic, contractual, milestone. Billing plan types can be in the header and item levels. Billing plans can be used to handle down payment functionality. The date category can be changed in the item The Billing plan types that is created at header level is the master plan and billing plans at item level need to be linked to the master billing plan .
Which of the following statements are true regarding billing plans? Billing plans cannot be blocked for billing Milestone billing plan is used for plant engineering and construction where the billing dates need to be spread over several dates Periodic billing plans is used for plant engineering and construction where the billing dates need to be spread over several dates Periodic billing plans is used for rental agreements in order to bill the amount periodically at certain dates Document flow is updated for the billing plans for the first transaction. Subsequent billing do not update the document flow .
Whch of the following components do not form part of the process to set up the billing plan Date description Date category Date proposal Rule for date proposal Item category .
Which of the following is incorrect regarding down payments used in billing plans Down payment can be settled in full or settled partially Down payment can only be settled in full For partial and final invoices, the down payments that have been made are transfered to the billing documents as down payments for clearing Tax is determined and displayed when the down payment request is being made. When the invoice is printed, the downpayment amount due for clearing will not be displayed as the clearing is carried out automatically during invoice printing .
In some branches of industry, such as construction, it is common to agree upon a down payment with the customer for the manufacture and delivery of a contracted object. Which of the following statements are true? Down payment agreements for sales orders are stored in special documents The value of the agreed down payment can be stored in the header or item of the sales order. Billing plans are used for down payment processing. A down payment agreement can be stored as a date in the billing plan and must always be assigned to an item in the sales order. Once the billing date in the billing plan has been reached, a down payment request is sent to the customer.
Select the incorrect statement For every instalment a billing document will be generated Each instalment create a seperate accounts receivable item so that each paymnet can becleared agains an installment Instalment payment terms must be set up in customising and you need to indicate the number and amount of the instalments in percentage and payment terms for each instalment payment Incomming payment dates are regulated or stipulated in an instalment plan Settlement dates are regulated or stipulated in a down payment plan .
Revenue Account Determination use the following criteria to determine the General Ledger Account. Select the correct answer Chart of accounts, Sales Area, Account assignment of the customer, Account assignment of the material, Account key Chart of accounts, Sales Area, Account assignment of the customer, Account assignment of the material, Account number Chart of accounts, Sales organisation, Account assignment of the customer, Account assignment of the material, Account key Chart of accounts, Division, Account assignment of the customer, Account assignment of the material, Account number Chart of accounts, Division, Account assignment of the customer, Account assignment of the material, Account key .
Which of the following statements are correct A company code represents an independent accounting unit with balance sheet and profit and loss statements as required by law A business Area reports financial information across company codes and is used for internal reporting General ledger accounts, for company code reporting, cannot be posted by business area Business Area has a fixed assignement and is determined per order item according to certain rules Only one business area can be determined for the billing document .
What can be changed before an accounting document is created? Billing date. Pricing date Billing value Account determination Output determination .
Which of the following statements are correct Sales documents types update accounting document types You can set a posting block on Billing documents and accounting documents will only be generated after the billing block has been released You specify in the billing document type what accounting document should be proposed for a transaction. If you leave this field blank the system will automatically propose RV doc type. .
Which of the following statements are true? The reference field is in the Accounting document item The reference field is in the Accounting document header Allocation number is in the customer line item and is used for sorting Allocation number is in the customer header and is used for sorting .
Which of the following documents cannot be used for a reference or allocation number for the accounting document type Delivery number Sales order number Billing document number Goods receipt number Goods issue number .
Billing list reference number does not overwrite the individual reference number in accounting. True or False True False.
Which of the following statements are true regarding payment card processing? A payment card plan, containing the card number, the card type, and the authorization data, is assigned to individual items in the sales order. When the delivery is created, a validity check is carried out for the authorization. If, for example, the authorization is no longer valid, then the authorization is automatically carried out again. The payment card data is copied to the billing document from the order. Both the payment card data and the authorization data are forwarded when the billing document is transferred to Accounting. .
Which of the following are true regarding the billing date? It can be changed in the billing document. The customer master is where you maintain the calendar if billing is to be done on specified dates. It is proposed automatically, but can be overridden. If using delivery related billing, the billing date is based on goods issue. If using order related billing, the billing date in the order forms the basis for the billing date. .
Identify the correct answer The billing document created in SD is always automatically released to FI An F1 billing document is created on the first day of the month. The selling price of a material is entered as master data on the functional side of SD The Item category in the sales document will indicate to the system whether it is order related billing or delivery related billing .
You can see the document flow from the report list for orders (VA05) without having to go into the order, just by going to the menu: environment > document flow True False.
When will the status of the delivery be "complete". Mark the correct answer After the picking ad packing has been done After the goods issue has been posted After the billing document has been created After the accounting document has been posted in FI After the accounting document has been cleared with an incomming payment.
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