Entry view:View of how a document appears to the document creator and therefor how it is shown in the subledgers. True False.
General ledger view:view of how a document appears(only). True False.
Displaying a document in the entry view and general ledger view is defined in the new G/L accounting and cannot be switched on or off using customizing. True False.
Which of the following statements are true? Document splitting only for customers who have to or want to enter a further characteristic (such as a segment) on the balance sheet,in addition to the company code. Document splitting ensures that companies can create complete balance sheets for desired objects. If document splitting is not activated,there is usually no difference between the entry view and the general ledger view. Document splitting is activating in customizing.
The document splitting process steps are: Passive document splitting Active(rule-based) document splitting Creating clearing lines/zero balance for each financial statement characteristic.
Paramete IDs allow users to set default values for fields whose value does not change very often. True False.
Using the editing options,you can configure your screens for the following areas: Receipts entry Document display Open items.
When users log on to the SAP ERP system,user ID has specific properties that apply to it throughout the system: logon language date formate decimal notation default printer.
At company code level,enter the maximum difference permitted between the exchange rate in the document header of a business transaction the exchange rate in the exchange rate table none of the above.
List some sources of values that are defaulted by the system for document entry user master records parameter memory system data account master record accounting functions.
Modifiable fields in the header (if required) are document header text reference None of the above.
Modifiable fields in the items (if required) payment terms text assignment none.
Certain fields in both the document header and the line items can be changed. Document header:only the reference number and document header text Line items:the system does not allow to change to the amount, the posting key, the account, or any other fields that would affect the reconciliation of a posting.
As users make changes to documents,the following information is logged: the field that was changed the new and old values the user who made the change the time and date of the change.
Different document change rules based on: Account type: A,D,K,M,S Special G/L transactions: dowm payment, Down payment requests Company code.
Prerequisities for field changes: posting period open line item not cleard posting as debit / posting as credit no invoice-related credit memo no credit memo from down payment.
The system provides a function to reverse G/L,customer adn vendor documents both individually or in a mass reversal. True False.
A document can be reversed by: normal reversal posting negative posting none of the above.
A reversal reason when reverse a document have to enter a reversal reason that explains the reversal. controls whether the reversal date is allowed to be different to the original posting date.
Documents with cleared items cannot be reversed.The document must be first reset. True False.
The normal reversal posting causes the system to post the incorrect debit as a debit and the incorrect credit as a debit. False True.
The normal reversal posting causes an additional increase in the transaction figures. True False.
The negative posting posts the incorrect debit as a credit and the incorrect credit as a debit posted amount is not added to the transaction figures posted amount is subtracted from the transaction figures of the other side of the account the transaction figures back to as they were before the incorrect posting took place.
The following prerequisites must be fulfilled to enable negative postings: the company code permits negative postings the reversal reason must be defined for negative reversal None of the above.
Terms of payment are conditions agreed between business partners for the payment of invoices. True False.
Terms of payment are conditions define the due date and the cash discount offered for payment of the invoice within a certain period. True False.
Terms of payment enalbe the system to calculate a cash discount and invoice due date. True False.
The system needs the following data for terms of payment: Baseline date : the date which the due date is derived Cash discount terms : the terms by which the cash discount can be taken Cash discount percentage rate : the percentage rate used to calculate cash discount None of the above.
The terms of payment are assigned to a customer / vendor master record defaulted by the system or entered by the user used in transaction line items to determine payment conditions.
Terms of payment can be assigned in the company code segment, the sales area segment and the purchasing organization segment of a customer / vendor master record. True False.
The terms of payment defaulted when posting an invoice depends on where the invoice is created. True False.
If the invoice is created in Financials, the terms of payment from the sales area segment are defaulted. False True.
If the invoice is created in Sales order management, the terms of payment from the sales area segment are defaulted. True False.
If the invoice is created in Purchasing management, the terms of payment from the Purchasing organization segment are defaulted. True False.
Which of the following statements are correct Credit memos can be linked to the original invoice by entering the invoice number in the "invoice reference" field during document entry. Terms of payment in other credit memos are invalid.The credit memos are due on the baseline date. To activate the payment terms on non-invoice related credit memos,enter a "V" in the invoice reference field when entering the document. The day limit is the calendar day to which the terms of payment are valid. The account type defines the subledger in which terms of payment can be used.
Block keys and payment method entered in line items or accounts entered in payment terms entered in account groups.
Baseline date the starting date the system uses to calculate the invoice due date the default values from which the baseline date can be determined are as follows : no default, document date, posting date or entry date Specifications for calculating the baseline date : Fixed day used to overwrite the calendar day of the baseline date The baseline date rules are default values and specification.
The date limit is the baseline date up to which the payment term version applies. True False.
You can enter up to three cash discount periods. True False.
The system creates a line item for each installment specified. True False.
The line item amounts correspond to the percentage of the total amount. True False.
The total of the line item amounts corresponds to the total amount. True False.
The terms of payment for the line items are the terms of payment defined for the individual installments. True False.
The cash discount amount is entered either manually or automatically by the system using the rates in the terms of payment. True False.
When an open item on a customer or vendor account is cleared the possible cash discount is posted automatically cash discount expense cash discount received.
Which of the following statements are true? If you post a vendor 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. When you use the net procedure,the cash discount amount is automatically posted when the inovice is posted. If the invoice is paid after the cash discount deadline,the cash discount loss is posted to a separate account. The cash discount clearing account must be managed on an open item basis.
Which cash discount accounts are used in the procedure? Cash discount clearing account Cash discount loss account.
Which cash discounts are used in the gross procedure? Cash discount revenu account Cash discount expense account Cash discount loss account Cash discount clearing account .
There are basically two types of taxation that can be processed in the SAP ERP system: taxes are levied at a national level, with uniformly defined rates taxes are levied at a state/jurisdictional level,with rates defined by the sate/jurisdiction. taxes are levied at a state/jurisdictional level,with rates defined by the users.
What data is required for the automatic account determination for tax amounts? Rules Posting keys Tax accounts.
The system provides support for calculate tax amounts posting to defined tax accounts performing tax adjustments Tax reporting the system calculate the tax amounts from base amounts with or without a cash discount the tax code is used for the calculation procedure required to perform taxation funcitons on the SAP system.
Which of the statements are correct? The oupput tax is levied on the net value of the goods and is billed to the customer. The output tax is a liability of the company to the tax authorities. Input tax is levied on thenet invoice amount and is billed by the vendor. The input tax is a receivable which the company claims from the tax authority.
The tax on sales and purchase is the balance of the sales tax (SAP term:output tax) and prior tax (SAP term:input tax). True False.
The tax calculation procedure contains: The order of steps Tax types (condition types) Account key / transaction key.
The tax code is used to verify the amount of tax calculate the amount of tax calculate addition tax portion verify the tax type determine the G/L account show tax correctly on tax forms.
The tax code is linked with either of the following country key combination of country key and tax jurisdiction code the tax codes within a jurisdiction taxation method are date specific. none of the above all of the above.
Tax rates are assigned to the tax types used in the tax calculation procedure. True Fasle.
Some postings to tax relevant G/L accounts must have a tax rate of 10%. False True.
The taxes calculated by the system are usually posted via a separate line item to a special tax account. True False.
A cross company code transaction involves two company codes in one business transaction. False True.
A cross company code transaction examples are one company code makes payment for other company codes(Central procurement) one company code pays involves for other company codes(Central payment) one company code sells goods to other company codes All of the above.
A cross company code transaction posts to accounts in several company codes. True False.
Which of the statements are correct? In cross company code to balance debits and credits within two documents,the system generates automatic line items which are posted to clearing accounts,for payables or receivables. The documents which belong to one cross company code transaction are linked by a common cross company transaction number. In cross company code the taxe is not distributed between company codes according to their expenses. In cross company code the tax is always posted to the company code of the first item In cross company code the tax is posted to the same company code as the invoice,the invoice item must always be entered first.
Clearing accounts must be defined in every company code befor a cross company code transaction may be carried out.The clearing accounts may be G/L accounts, customer or vendor accounts. True False.
Cross company code documents may be reversed. True False.
Cross company code document number is a combination of the document number of the first company code number the fiscal year the document number of the of the first company code All of the above.
A cross company code transaction involves at least two documents. True False.
The company codes of a cross company code transaction can have different local currencies. True False.
The real time integration of controlling / accounting makes ad hoc valid reporting possible. True False.
Real time integration is only possible if the controlling relevant entities of accounting are addressed(for example using cost of sales accounting and the derivation of functional areas using controlling objects). True False.
Real time integration mostly affects the following cases: a change results for an accounting object(profit center,segment business area or functional area) costs are posted across company codes in cross company code cost accounting.
CO-FI real time integration based on the functional area characteristic/entity. True False.
Financial accounting documents for CO documents entered before the new general ledger was activated. True False.
Negative postin can also be used to perform transfer posting of incorrect line itemss True False.