IBAN : International Bank Account Number internationally recognized and unique number that identifies a specific bank account designed by the ISO & ECBS to facilitate the handling of international payment transactions. contains a maximum of 34 alphanumeric characters structured differently in every country usually contains the country code, bank key, and account number. The IBAN can only be entered in a vendor or customer master record. True False. If the "Activate IBAN without Bank Account Number" indicator is active in Customizing the user can manually enter bank account number. True False. Bank master records are store centrally in the bank directory. True False. Every record is identified by the bank country & bank key (8 digit) True False. Bank master record includes address data and control data. True False. Banks that are used by your company are defined as House Banks (Company Code level). True False. House bank contains bank master data information for electronic payment transactions the bank accounts for each house bank the geneal ledger accounts for each bank account. Bank master data can create by the following ways customer/vendor master record or in the customizing for house banks using Create bank transaction in AR/AP master data menu Imported from disk, country specific transfer to bank data Lockbox function, creating a batch input, which automatically updates customer banking information in master record. In the customer/vendor master record, "Bank type field" is used to distinguish between different banks. True False. Each Bank account is represented in the SAP ERP system by a combination of House Bank ID & Account ID. True False. A combination of House Bank ID & Account ID entered in a G/L account that represents the bank account in the general ledger. True False. The accounts can be identified by an Account ID that is unique for each house bank. True False. The Bank account data contains number of the account at your bank account currency relevant G/L Account none of the above. Which of the statements are true? A G/L account must be created for each bank account. G/L is assigned to bank account and vice versa. Both (G/L & Bank account) must have the same account currency. None of the above All of the above.
