What are the many different opporunities for generating correspondence adhoc? Document creation Line item change/display Balance Display Line Item processing Payment.
Periodic correspondence is triggered by specifications made in the master record,such as invoices and account statements False True .
Correspondence can be automatically generated by Periodic bank account statements Balance confirmations.
You can create correspondence online when you process payments manually and
from the line item display. True False.
The correspondence creation process comprises the following steps: Request the required correspondence. The requested correspondence types are printed. Create Correspond type generate correspondence.
A correspondence type represents a type of letter in the system. You have to create
a correspondence type for every type of letter you need. True False.
Standard correpondence types. Payment notice Account statement Individual correspondence Open item list.
what is the information that you define for correspondence types Account number Document number If additional text can be added to the form. If corresoondence can be used across company codes The number of date fields required.
The following data is necessary for the different types of correspondence: Payment notices Bank statements Bill of exchange charges statement Internal documents Individual letters Document extracts.
Data from several different company codes can be combined in one letter.
Select the Cross Company checkbox in the correspondence type and assign the
company codes to correspondence company codes in the IMG. True False.
We can use the following correspondence types across company codes: Payment notices Account statements Bills of exchange charge statements Internal documents Document extracts.
Which of the following are true. Each correspondence has a corresponding print program Each print program has a selection varaint Each program is assigned to a SAPscript form.
A suitable print program and selection variant are defined for each correspondence
type. True False.
The selection variant is used to print the requested correspondence. True False.
You can distinguish your specifications by company code. This is usually
necessary for companies with several company codes. True False.
A correspondence type can have several different form letters. The individual forms are distinguished by their form ID True False.
This ID is assigned to the selection variant to make sure that the right letter is printed True False.
Which of the following statements are true. For the different tolerance groups for your business partner, you specify the default correspondence type in cases of payment differences. If you want to always issue the same type of correspondence, enter the
correspondence type in the Message Required field. If you are using different types of correspondence depending on the reason code,select the According to Reason Code checkbox A payment notice is only created according to reason code as long as all of the
reason codes carry the same correspondence type.
There are two kinds of interest calculation in the SAP System Account balance interest calculation Interest on arrears.
-------------------------------------------is applied to the entire balance of
a G/L or customer account using a specific interest rate over a specified
period of time.
----------------------------- is applied to individual items in accounts receivable or
accounts payable. A certain interest rate is applied to those items that are still
open or unpaid at a specified date.
Configuring the interest programs involves defining settings in areas Interest Calculation Indicator General terms Time-based terms Interest rates Account Determination.
-------------------- define basic parameters used to calculate the interest. .
To calculate interest for an account (G/L, customer, vendor), the master data for this
account must contain the appropriate ---------------------------.
----------------------- specify further parameters about how each interest calculation
indicator works.
-------------------- terms set validity dates and relationships to interest rates.
Interest calculation indicators establish basic parameters for the SAP System to
use when calculating interest. True False.
Each interest calculation indicator must be assigned an interest calculation type, which specifies whether it is used for account balance interest calculation or item interest calculation. True False.
Every account for which the SAP System will calculate interest must have an
interest indicator in its master record. True False.
The system requires a separate interest calculation indicator for each combination
of interest calculation frequency, calendar type, currency, interest rate, and so on. True False.
General terms set financial parameters for each interest calculation indicator. True False.
Match the following... Interest calc. indicator Interest calc. frequency Settlement day Calender type.
Time-dependent interest terms differ from general terms in that they have -------------------------.
For each reference interest rate, a value and a validity date are entered periodically.
Each rate value remains effective until a new validity date is entered. True False.
------------------------ allow companies with different charts of accounts and currencies to use the same business transactions.
Account symbols, when combined with modifiers such as the chart of accounts
and currency, refer to G/L (or vendor or customer) accounts where the interest
transactions are posted. True False.
Item interest calculation (calculate interest on arrears): Calculate interest on cleared items only and post the interest Calculate interest on open and cleared items and post the interest Calculate interest on open and/or cleared items without posting the
interest.
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 interest, however, if you
owe your business partner money. True False.
What information do you need to create a new interest calculation indicator? 2 character interest calculation indicator interest calculation type interest calculation indicator name .
To determine the G/L accounts the SAP System posts to for this transaction,
what other information do you need to know? Chart of accoutns interset calculation indicator.
Only one business transaction is relevant per account 1000-interest earned 2000-interest paid.
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