What are the levels that SAP Netweaver enables integration with Microsoft.Net and IBM Websphere enviroments ? Use level - Through a portal. Infromation level - Using Business intelligence and knowledger management functions. Process Level - Through Exchange infrastructure. None of the statements are correct.
mySAP ERP supports mobile technoligies. True False.
Select from the following statements which describe the key concept and offerings of SAP active global support. SAP Going live check. SAP Early watch Alert. SAP Early watch check. SMA (SAP solution management assesment) SMO (SAP solution management optimization).
What are the essentials of SAP's product stratergy? Replace rather than extend Extend rather than replace neither extend nor replace. Either extend or Replace.
SAP screen contains the following simple screen elements, for example: Command field Menu bar Title bar Standard tool bar Application tool bar Status bar.
A fiscal year that is a calander year must have 12 normal posting periods. True False.
If the fiscal year is defined as calander year, the posting periods are equal to the months of the year. True false.
A year - independent fiscal year variant can be defined as either a calander or Non-calander year. True False.
If each fiscal year of a fiscal year variant uses the same number of periods, and the posting periods always start and end on the same day of the year, the variant is year - independent. True False.
If the fiscal year is defined as non-calander year, you have to define the posting periods by assigning end dates to each period. True False.
A non-calander year can have between 1 and 16 posting periods. False True.
If a non calander year does not start on january 1st, the periods of the year that belong to the former or the comming fiscal year must have an indicator -1 or +1. True false.
Year specific fiscal year variants are used if the start and end date of the posting periods difffer from year to year and one fiscal year has fewer posting periods than the other. True False.
The fields "Account currency and Field status Group" are always required fields. True False.
If the "only balances in local currency" Checkbox is set in the master data record, transaction figures are only managed for amounts converted to the local currency. True False.
"Only balances in the local currency" indicator should be selected to clearing accounts where you want to clear accounts by assigning items with the same local currency amount with one another without necessitating exchange rate difference postings. True False.
"Only balances in the local currency" Indicator is usually set for the following accounts. Cash discounts. GR / IR clearing account. balance sheet accounts that are not managed in foreign curriencies and not managed on open item basis. All reconciliation accounts.
The goup chart of account is assigned in the defination of operational chart of accounts. True False.
Different accounts of one operational chart of accounts can refer to the same group account. True False.
you must usa separate financial statement for the group chart of accounts. True False.
An alternative to using to group chart of accouts is to use country chart of accounts. True False.
Cross company code controlling is possible through Group chart of account. True False.
Every country chart of account number is used only once. True false.
Country chart of accounts is assigned to the company code in the global parameters settings. True false.
Bank master records are stored centrally in th ebank directory and are identified by the bank country and bank key. True False.
Bank master records include: Address data Control data SWIFT code Posta giro data bank group for payment optimization.
The payment program uses the House bank ID and the bank types to determine the banks to be used. True False.
When processing invoices, if the customer/vendor has more than one bank, the user can chose a bank by using the marchcode in the partner bank field. True False.
For every bank account a GL account must be created. This GL account is assigned to the bank account and vice versa. Both accounts must have same currency. True false.
To a fiscal year in future: At the begining of each fiscal year the system continues to take the next number after the current number. it does not restart at the first number of the number range. True False.
By changing the field status defination of posting keys and the field status group, the field status can be made transaction -dependent and account dependent. True false.
In the document header, the periods assigned to the account type "+" are checked. This is the first check. Therefore the account type "+" must be open for all periods that are supposed to be open for all other types. True False.
Parameter ID's allow users to set default values for fields whose value does not change very often. True False.
The normal reversal posting causes an additional increase in the transaction figures. True False.
A blocl key and the payament method defined in the payment terms will be defaulted in the line item when the payment term is used. True False.
The cash discount is entered either manaully or automatically by the system using the rates in the terms of payment. You can still change the cash discount after the invoice is posted. True False.
If you post a vendor invoice with a document type for the net procedure, the amount posted to the expense or balance sheet account is reduced by the cash discount amount. The same is posted to a cash discount clearing account. True False.
The day limit defined in the terms of payments are used to store several versions of terms of payment under the same terems of payment key. True false.
In the manual payment process, Value date is the date used to evaluate the position in cash management. This may be defaulted by the system. True False.
Choose the tolerance groups from the following statement. Tolerance groups for employees Tolerance groups for customer / vendor accounts. Tolerance groups for GL accounts Special tolerance groups.
We can run several cash journals in each company code. True False.
Requirements to set up a new cash journal. The company code in which you want to use the cash journal. Four digit cash journal identification and name. GL acounts to which you want to post the cash journal business transactions. Currency in which you wan to run the cash journal. Document Types.
A cash journal document can contian several items with different tax codes and / or CO account assignments. When the cash journal document is forwarded to financial accounting, only one FI document is therefore created. True False.
cash journal postings can be made to one-time account. True False.
which of the following tabs are related to Customer master client level data? Address Control data payment transactions Account management.
Which of the following tabs belong to customer master Company code data? Account management payment transactions Correspondance Insurance and taxes.
What are the important fields relatede to the customer master? Search term Group key Accounting clerk Telephone number.
Accounting clerck code is also used to sort dunning and payment proposal lists. True False.
Month end closing activities in FI. Open new accounting period in FI. Enter Accruals / Deferrals Processing of recurring entries and bad debts expenses in AR. Post Depreciation and Interest related to Asset accounting. Close sub-ledgers and preliminary close of GL.
Month end activities in modules other than FI. MM - maintain GR/IR clearing account and post material revaluations. MM - Close of Old month. HR - Post payroll expenses. SD - Record goods issues for deliveries and invoice customer.
Month end technical activities Include: FI - Open new accounting period. MM - Close old month FI - Close Sub - ledgers FI - Preliminary close of GL.
Month end managerial closing activities Include: CO allocations and re-postings. Locking the old accounting period in CO. Re-opening the GL for adjustment postings. Re-openeing the special periods.
Month end closing activities for External reporting purpose include: CO to FI reconciliation postings. FI - Foreign currency valuation and financial statement adjustments. Final closing of the old periods. Creation of External and internal reports.
Year end closing activities are performed in addition to the regular month-end closing process for the final period of the fiscal year. True False.
Pre-closing activities for the year end include: FI - Open the first accountin period of the new fiscal year. MM - Perform physical inventory account. PP/CO - Update product cost estimates. MM - lowest value determination and LIFO/FIFO valuation. AA - Asset valuation and Investment support. FI - Customers / Vendors balance confirmation. Fiscal year change (AA) and Balance carryforward (FI).
Year end Closing activities for external reporting purpose. FI - GR/IR clearing account analysis. FI - Re-grouping of receivables and payables. FI - Reconciliation of prior year to new year. FI - Adjustment postings. Final closing of old period (AR/AP/GL) FICO - Creation of Internal and external reports.
We can create, display and change financial statement versions. True False.
Which of the following statement regarding financial statement versions are correct. RFBILA00 is the standard report in SAP r/3 for creating financial statement version. You can produce different outputs from this report program by specifying different financial statement versions. Financial statement versions are also used in the structured balance list, drilldown reporting, planning and transferring data to consolidation. You can define as many financial statement versions as you need to prepare reports according to various criteria, for example, for tax authorities, for other external users and for internal purposes. Financial statement versions are used to define reports at Business area level and company code level.
SAP provides standard system delivered financial statement versions. True False.
A financial statement versions consists of a maximum of 20 Hierarchy levels. True False.
We can print the financial statement versions. True False.
Choose the correct statement related to drilldown reporting. We can create Financial statement versions using drilldown reporting. Drilldown reporting is a tool that enables you to analyze GL account transaction figures and financial statements. using drilldown reporting, we can carryout variance analyses such as plan/actual comparisons, fiscal year camparisons and so on. Enables you to change views between drilldown view and detail view. Provides functions for processing lists, such as sorting, conditions, ranking list and so on. we can access SAP graphics, SAP mail and the excel list viewer from the drilldown report.
Charecteristics and key figures form the basis of the drilldown report presentation. True False.
In drilldown report charecteristics can include: Company code Business Area Chart of accounts Currency, Fiscal year and period.
Key figures in Drilldown reporting include: Total credit balance Total debit balance Accumilated balance balance sheet values balance carryforward.
At the begining of the fiscal year, the balance carry forward program is run to carry forward the customer account balances to the next fiscal year. The posting periods of the old fiscal year are blocked and the special periods for closing postings are opened. True False.
Match the process flow involved in customer account closing activities. Balance confirmation Foreign Currency valuation Value adjustments Re-grouping of receivables.
Choose the correct statement regarding Customer Balance Conformation. The program for creating balance confirmation automatically creates balance conformations for a freely definable number of customer and vendor accounts and as well as reconcilation list and result table. The balance confrirmations and the reply slips are sent to the customer / vendor and the reconciliation lists are forwarded to a control center(Internal audit department). The customer or vendors check the balance information they receive and send their reply to the control center. The replies send by the customer / vendors are compared with the reconciliation list and the results entered in the results table.
Choose the correct statement regarding foreign currency valuation. We have to carry out the foreign currency valuation after the preparation of financial statements. We can carry out the foreign currency valuation for balance sheet GL accounts that are managed in a foreign currency. We can carry out the foreign curreny valuation for the open items of Customer/Vendor/GL accounts managed in foreign currency at the line item level. Program SAPF100 valuates open items in foreign currency as well as foreign currency balance sheet accounts.
What are the customizing settings required before you carry out the foreign currency valuation. You have to Check the defined Exchange rates We have define the valuation methods. Eg., Lowest value principle. Define expense and revenue accounts for exchange rate differences. Define balance sheet adjustment accounts for receivables and payables.
In foreign currency valuation, Valuation method determines how the individual line items are valuated. True False.
Choose the valuation methods for foreign currency valuation. Lowest value principle Strict lowest value principle General principle iwth revenue from the valuation Average value principle.
Choose the correct statement relating to Foreign currency valauation. The strict lowest value principle means that write-ups are not allowed. Strict lowest value principle is used in the valuation of the open items of customer accounts. Strict lowest value principle is must to valuate the open items of vendor accounts. Lowest value principle is set to the balance sheet accounts.
Choose the correct statement regarding the Individual value adjustment for doubtful receivables. Doubt receivables are written off as an individual value adjustment during year-end closing. The special general ledger method is suitable for this procedure since the transaction is entered in the customer account and is also posted to a special GL account, "Individual Value adjustments for receivables. We have to use Zero percentage tax codes. If the bad debts are irrecovarable / has been paid, the value adjustment is reversed. The amount is cleared from the customer account and the amount is posted to the account for "depreciation of receivables" and the sales tax is also adjusted in the posting.
Flat rate individual value adjustment of overdue receivables is used to carry out an automatic flat rate individual value adjustment for overdue revceivables. True False.
Choose the correct statement regarding Re-grouping of Receivables and payables. Payables / receivables are regrouped according to their remaining life before the creation of the balance sheet. Payables and receivables have to be listed saparetely in the balance sheet, since it is possible for some vendors to have a debit balance. Regrouping are removed for the first day of teh next period, since regrouping is not required for daily processing. None of the satements are correct.
The profit and loss statement can be created using "Period Accounting" or "Cost of sales Accounting". True False.
In period accounting, total results for the periods and the total costs of the same period are summarized. True False.
In cost of sales accounting, the sales revenue for a period and the sales costs of the periods are summarized. True False.
In period accounting total results for a period is the sales revenue minus a reduction in the inventory level or plus an increase in the inventory level. True False.
In the period accounting total costs of the period are grouped by expense type, in the other words, you can just summarize the balances of similar expenses accounts. True False.
In cost of sales accounting, the sales revenue for the period is determined in the same way as in period accounting. Balance sheet changes are not considered. True False.
In cost of sales accounting, The sales costs of a period represent the expenses related to sales. The expenses are not grouped by expense type as in period accounting. Instead, they are grouped by function such as production, sales, administration, research and development. True False.
Choose the correct statement regarding "Reconciliation Ledger". In some cases, the GL should be updated for the postings internal to CO. This is required when CO costs flows across FI organisational units like company codes, Business Areas adn functional areas. The reconciliation ledger stores all costs flows within controlling in a summarzed form. The reconciliation ledger represents cost element accounting in SAP r/3. The reconciliation ledger compares the CO view of data to the FI view and enables you to automatically reconcile controlling with financial accounting.
When the salary expense data was transfered to financial accounting the period was already closed. Here the system displays an error message for HR document. The document has to recreated in HR. True False.
Choose the correct statemen relating to "Accrual / Deferral" Postings. To ensure that expenses are posted to the correct period, you can enter accrual / deferral documents and reverse them in the next step. If you need to enter accruals / deferrals often, you can use the recurring entry program A reversal reason is required for accruals / deferrals document to be posted. The same is noted in the reversed document. Reversal reason defines whether the reversal document can have a different posting date and the can be comprised of nagitive postings.
Accruals are the expenses / revenues that belong in the current period and are only posted to a subsequent period once an invoice has been received or issued. True False.
Deferrals are the expenses / revenues which were posted in the current period on receipt / issue of an invoice but economically they belong, at least partially, in a future period. True False.
Choose the correct statement related to accrual engine in SAP r/3. Accrual engine is a generic tool for calculating and creating accrual postings. Accrual engine receives basic data like rental agreement as input and calculate the accruals and creates the related periodic postings. Accrual engine is not visible to the end user. Instead, the user works with the application components of the acctual engine. SAP develops and delivers the application components of the accrual engine. They cannot be developed by the customers.
Choose the functions of accrual engine. Automatic calculation of accruals (Recurring entry documents with fixed values no longer needed). Automatic periodic postings (Self adjustment) Simulations (Future accruals) Supports parallel reporting extensive information system (planning) Define accounting principles Open fiscal year for required application component. Assign application components to the required combination of accounting principle / Company code.
Closing activities of accrual engine. Accrual engine documents and general ledger documents are reconcilled with one an other to check whether the transfer to the general ledger was completed and without errors. At the end of the fiscal year you have to carry forward the balances of the accruals objects into the next fiscal year. this has nothing to do with the balance carry forward in the General ledger.
Choose the correct statement related to balance carry forward of P&L accounts. The balance of the P&L accounts is posted to the P&L carry-forward account. You can display the balances of individual P&L accounts that are carried forward to a specific retained earnings account. This enables you to understand how the total balances of the retained earnings account is made up. If you have accounts with different curriencies, you ca set the indicator in the master record of the P&L carry forward account to translate and summarize all the curriencies. "Only Balances in Local Currency". We can run the balance carry froward program in the old fiscal year, since the balance carried forward to the new year is automatically updated for each postings. SAP recommends running the balance carry forward program as late as possible.
Choose the correct answer related to general ledger accounts. A GL account consists of a chart of accounts and one or more company code segements. The account group controls the screen layout of the chart of accounts segment. All Gl accounts must carry a tax indicator. You can post directly to reconciliation accounts. The account currency is stored in Chart of accounts Segment .
When processing open item(Customer), you can: Activate or deactivate open items. Reverse the open items. Activate or deactivate cash discounts. Enter partial payments or Residual items.