Unit 14 - What is correct to say about Billing Plan: (There are three correct answers) You can store a detailed billing plan with several billing dates in the sales document at item level You can define a billing plan at header level, the header billing plans are assigned to sales document types Depending on the business transaction the system will automatically propose the billing plan type Depending on the material group the system will automatically propose the billing plan type You can define a billing plan at header level, the header billing plans are assigned to the partner type You can store a detailed billing plan with several billing dates in the sales document, however not at item level.
Unit 14 - What is correct to say about Periodic Billing: (There are three correct answers) It can be used for transactions involving rental contracts The contract data stored in the system can be used as the basis from creating the billing plan The contract data stored in the system cannot be used to create a billing plan You can define it as unlimited, so you do not have to set the start date You can create new dates either directly in the billing plan or using the report RVFPLA01.
Unit 14 - What is correct to say about Milestone Biling: (There are four correct answers) During it, the total value to be billed is distributed among the individual dates according to certain rules You have to enter exclusively one date per billing plan Billing plan dates can be blocked for billing Changes that occur (for example, to the amounts) after other milestone billing documents have been created are distributed among the remaining billing plan dates The amount remaining to be retro-billed for the billing documents already created is included in the final invoice After you create a billing document, you must update the status of the billing plan dates.
Unit 14 - What is correct to say about Billing Plan with Link to Milestone Billing: (There are three correct answers) A typical example of milestone billing is the billing of projects in plant engineering and construction. Such projects often include a series of milestones, which represent the completion of various stages of a project Milestones are stored in a network along with planned and actual project data Milestones are assigned to the billing plan dates and blocked for billing until the milestone is confirmed as completed Milestones are assigned to the invoice billing type and blocked for billing until the milestone is confirmed as completed Milestones are stored in a network along with future and actual project data.
Unit 14 - What is correct to say about Billing Rule - Determining Billing Value: (There are four correct answers) A billing rule can be created for each billing plan date This rule determines how the value to be billed on a particular date is determined You can define if a fixed amount or a fixed quantity of the total amount is to be billed Within pricing, condition records are created for special condition types, for which monthly prices can be defined, so allows the value to be billed month by month The system can also determine if the amount to be billed counts as a final invoice for which as yet unbilled dates must also be taken into account.
Unit 14 - What is correct to say about Customizing for billing plans: (There are two correct answers) The billing plan type is determined from the document item category and the relevance for billing (order-related billing) The date categories defined have control function at billing date level, to define start and end dates, determine which billing rules used to settle the date) Differentiation of periodic billing and milestone billing with the relevant controlling parameters is carried out via the billing patrners type The date proposal is used exclusively for periodic billing.
Unit 14 - What is correct to say about Down Payment Processing in SD/FI: (There are three correct answers) They are usually arranged with the customer when dealing with plant engineering and construction or capital goods They are already created in the delivery, at the corresponding due date, a down payment request (billing doc) is sent to the customer The down payment request in SD is automatically posted in FI as a down payment request with a G/L indicator F, which ensures that posting is not statistical Within FI the down payments are deducted from the special reconciliation account and entered in the standard reconciliation account The down payments for clearing then appear as open items for the customer and reduce the receivables total.
Unit 14 - What is correct to say about Down Payment Agreements in the Sales Order: (There are two correct answers) Down payment processing is carried out with the billing plan function Exclusively one down payment agreement can be stored as a date in a billing plan The value of the agreed down payment can be entered either as a fixed amount or as a percentage of the value of the item The down payment agreement must be assigned directly for all items in the order.
Unit 14 - What is correct to say about Down Payment request: (There are three correct answers) As soon as the billing date (in the billing plan) for the down payment has been reached, the system creates a down payment invoice and sends it to the customer Billing type FAQ is used to create the down payment request The down payment request can be created automatically via billing due list The down payment request can be created explicity by specifying the order number Tax is determined and displayed automatically when the down payment request is deleted The down payment request in MM is created automatically from the down payment in SD.
Unit 14 - What is correct to say about Incoming payment for down payment: When a down payment request is settled, the special General/Ledger(G/L) indicator A displays de incoming payment in FI as a down payment by posting When a down payment request is settled, the special General/Ledger(G/L) indicator F displays de incoming payment in FI as a down payment by posting.
Unit 14 - Installment Payments - What is correct to say about Installment Plan: (There are three correct answers) An installment plan allows the customer to pay in installments One or more billing documents are created for all of the installment payments Each installment payment creates an accounts receivable line item posting in MM You must define installment payment terms in Customizing For installment payment terms, you must specify the number and amount of the installment in percentage and payment terms for each installment payment.
|
