The tax code is used for what? One or more is correct Verify the account type. verify the amount of tax. Determine the G/L account. Calculate the amount of tax.
If no grace period is defined system starts dunning procedure as soon as net due date is reached false true.
[Fl-Master Data] What determines whether the vendor account is one-time Field Status. Account group. Document type.
[Fl-Bank] The house banks are identified by Address. Bank-ID. Bank name. Account number.
Select the correct answers: One or more is correct The numeric keys represent depreciation terms that cannot be entered in the asset master record or in the asset classes. You have to assign each company code, in which assets are managed, to exactly one chart of depreciation. The system uses depreciation area 01 to calculate ordinary depreciation. The depreciation is then posted to G/L accounts.
Fiscal year change program You can only process a fiscal year change in a subsequent year if the previous year has already been closed for business The earliest you can start this program is in the last posting period of the current year opens new annual value fields for each asset. You have to run the fiscal year change program for your whole company code.
[Fl-Bank] Bank statements you enter can be displayed, changed, or deleted before Posting true false.
What are transactions in accounts receivable and accounts payable that are displayed separately in the general ledger and sub-ledger? This may be necessary for reporting or internal reasons special G/L transactions. Additional assignments G/L fast entry. Financial reporting.
[FI-GL] What are the ways to clear open items within an account in R/3? One or more is correct Down payment transaction. Account clearing. posting with clearing. Reversing documents.
You tell the payment program which accounts and items to consider in the automatic payment run. What is it Parameters Proposal run Schedule payments Edit proposal.
Each house bank is reflected by a combination of house bank id and account id true false.
[Fl - General] Which statements are true? A chart of accounts: One or more is Correct Can be allocated to multiple company codes. Only contains definitions for G/L accounts. Can only be allocated to one company code Can be defined as the group chart of accounts.
[FI-GL] In accounting data which are the records that remains in the system for an Extended period of time Document number. Invoices data Transaction data. Master data.
The yearend closing program checks whether Depreciation and asset values are posted in full Assets contains errors or are incomplete.
Payment program - where bank charges are defined system automatically subtracts bank charges from incoming payments and adds them to outgoing payments false true.
[FI-GL-MASTER DATA] Define GL Account Group. Note! More than one answer is correct The account group determines the fields for data entry screens if you create or change a master record in a company code The account group only determines in which number interval the GL account number must reside. The GL accounts group is a classifying for general ledger master records. The account group also determines in which number interval the GL account number must reside.
Bank subaccounts are generally managed on open item basis with line item Management true false.
[FI-AM] The status of each field in asset master record can be maintained at what levels ? One or more is correct Asset sub-number Asset class. Asset main number. Asset under construction.
[Fl-Master Data] Define GL Account Group. One or more is correct The account group only determines in which number interval the GL account number must reside. The account group also determines in which number interval the GL account number must reside. The GL account group is a classifying feature for general ledger master records. The account group determines the fields for data entry screens if you create or change a master record in a company code.
[Fl-Postings] What are examples of currency types? One or more is correct A. User currency. B. Hard currency C. Index currency. D. Global currency.
[ FI-GL-Organizational Structure] Which structure provides an environment for analyzing market profitability, even allowed for customer defined segments Operating concern. Controlling area. Company code Business area.
A document is identified by the combination of: One or more is correct Fiscal year Document number. Company code.
How variants that are required in each company code? One or more is correct Posting period variant. Depreciation variant. fiscal year variant. Field status variant.
The payment method can be entered directly into an item. If this is the case, the System checks if. There is one or more is correct A bank account for the payment can be found. This payment method is permitted by the parameters entered This payment method can be used (payment method check). The payment method can be entered in the company code area.
Line item display should not b active for following accounts revenue material stock P+L statement reconciliation Ate tax.
Company codes from different countries cannot tie processed in same payment run false true.
[FI-GL-MASTER DATA) Which the following SAP items can be inputted during the creation of a vendor master record? Note! More than one answer is correct The field status definition. The account group. A reference vendor. The number range interval of the document type The document type.
What identifies which of the account types will be permitted on particular document The audit trail, Document type, Posting key. Document number ranger.
The currency that was input on the header of document Company code currency. Transaction currency Additional currency. Local currency.
(Bank-Master Data) Sank accounts that contain a companys own funds Customer bank account. House Dank. Vendor bank account. Bank key.
(FI-AM] Several asset class can use the same account determination if: One or more is correct post to same G/L accounts. Post to different G/L accounts. They use the same chart of account. The different company code.
What can we define into chart of accounts customizing transaction OBI 3 length of company code maintanace language length of G/L account number blocking/unblocking chart of account description.
(Organizational Structures] Which chart of accounts is always required Group chart of accounts. Country chart of accounts. Operating chart of accounts. Alternate chart of accounts.
Which accounts shall be considered in the dunning run Account Selection Dunning line items. Dunning Accounts Reconciliation account.
(FI-SLJ Report Painter allows you to use characteristics in the: One or more is Correct Base line date columns Line items Rows.
If the system detects a deviation between tax calculated and tax amount entered it issues a warning message (indicator not set) it issues an error message (indicator set) check indicator must not be set for input tax codes because the user must post tax amount from Invoice whether its correct or not.
(FI-AM] Where do you define the reconciliation account that will be used by an asset Account determination in depreciation area. Account number in depreciation area. Account determination in asset class. Account number in fixed asset.
Choice the correct The dunning run update dunning data in dunned items and accounts. One dunning form can be use for all dunning levels and dunning area. It is possible to dun vendors as well as customers. After the dunning proposal is created, changes to the dunning data in items or master data records will not be valid for the current dunning run.
(FI-SLJ Transferring Data to Special Purpose Ledger is : On or more is correct The account assignment block, also called the coding block is a standard component delivered with the SAP System. The user does not usually come into direct contact with the coding block. business transaction can enter me Fi-SL System via another SAP application. All data that enters the FI-SL System is processed by the integration manager. Most data that enters the FI-SL System come from transactions occurring in many Different places.
Preparation for year-end closing If the final result is not satisfactory, you can carry out depreciation simulation changes. or make adjustment postings once depreciation has been posted in FI-AA and FI, a balance sheet and P&L statement can be created. If you change any depreciation values, you must run depreciation posting again. If an area posts APC values to the general ledger periodically you will need to run report for periodic posting EH After the depreciation lists and asset history sheet have been checked, depreciation is posted.
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