Assessment 2

A complete customer account consists of the following parts: General data. Company code segment. Sales area segment. Purchasing organization segment. Internal segment.

A complete vendor account consists of the following parts: General data. External data segment. Company code segment. Purchasing organization segment.

The customer/vendor accounts must always be maintained centrally. True. False.

One number range can only be assigned to one account group. True. False.

----------------- number assignment means that the SAP ERP system assigns the number automatically. External. Internal. Account.

You maintain a Customer/Vendor master record ------------------- if you create the Financial segments at the same time as the sales order Management/Purchasing Management segments. Decentrally. Centrally.

General Ledger Accounts have --------external--------- number assignment; customer and vendor master records can have --------------------------- number assignment. internal or external. external. internal.

What are the most important control functions of the document type?. Number ranges for document numbers. Account types permitted for postings. Number types permitted for postings.

If the user assigns the document number manually, this is ------------------- number assignment. Internal. External. Internal or External.

--------------------- numbers may be alphanumeric. Internal. External. Internal or External.

Every company code may define its own document types. True. False.

Every company code may define its own document number ranges. True. False.

At the beginning of a new fiscal year, the system always starts the document number assignment again at the start of the number range. True. False.

Document number ranges must not overlap. True. False.

How many number ranges can be assigned to a document type simultaneously?. You specify a number range for each document type. However, you can use number range for several document types. None of the above.

What are the most important control functions of a posting key?. Definition of the account types that can be posted to Account side (debit or credit). Field status of the additional account assignment. None of the above.

Name two elements that influence the field status of document fields. Field status group. Posting key. Account key.

What are the standard posting keys for G/L accounts and on which side of the account do they post to?. Debit, posting key 40. Credit, posting key 50. Debit, posting key 50. Credit, posting key 40.

Posting keys are defined at client level. True. False.

The ------------------------- group controls the field display during document entry. Field status. Account Control.

Each --------General ledger account------- has a field status group. True. False.

42. The posting period variant is assigned to the Company code. True. False.

A posting period variant must contain at least one line with the entry ------------------------------. Valid for all accounts. None of the above.

The account range in the posting period variant consists of -------------------------------. G/L Accounts. Customer Accounts. Vendor Accounts.

The posting periods are opened and closed automatically. True. False.

No more than two periods can be open at the same time. True. False.

The authorization group in the posting period variant applies only to authorization for posting in special periods. True. False.

List some sources of values that are defaulted by the system for document entry (5 nos). User master records. Parameter memory. System data. System memory. Account master record. Accounting data. Accounting functions.

Name the two possible ways to reverse a document in SAP ERP Financials. Normal reversal posting. Dleting an entry. Reversal by negative posting.

What are the two prerequisites that must be fulfilled in order to process negative postings?. The company code must allow negative postings. The reversal reason must be defined for negative reversal. The original entry should be deleted.

Credit memos can be linked to invoices to ensure that invoice and credit memos are due on the same date. True. False.

The day limits define the dates of the cash discount periods. True. False.

Every installment of an installment plan must have its own terms of payment. True. False.

“Terms of Payment” is a field in the -------------------------- and ------------------------- segment of the customer master record. Company code, sales area. Company code, purchase area. sales area , purchase area.

The ------------------------------- is the date that system uses to determine the due date of the invoice. Baseline date. Value date. Invoice date.

Which cash discount accounts are used in the net procedure? (2 nos). Cash discount clearing account. Cash discount loss account. Net cash account.

Which cash discount accounts are used in the gross procedure?. Cash discount revenue account. Cash discount expense account. Net cash account.

Name the two types of taxation that can be mapped in the SAP ERP system. Taxation at national level. Taxation at international level. Taxation at regional/jurisdictional level.

What data is required for the automatic account determination for tax amounts? (3 nos). Rules. Posting key. Tax accounts. Account Key.

List two examples for cross-company code transactions: Central purchasing. Central payment. Central administration.

A cross-company code transaction involves at least two documents. True. False.

Tax amounts of a cross-company code transaction are automatically distributed to the company codes in which the expenses/revenues occurred. True. False.

Cross-company code clearing accounts must be G/L accounts. True. False.

The company codes of a cross-company code transaction can have different local currencies. True. False.

Describe the components the system uses to create the cross-company code transaction number. The cross-company code transaction number is made up of the document number in the first company code, the first company code number, and the fiscal year. None of the above. The cross-company code transaction number is made up of the document numbers of both company codes, the first company code number, and the fiscal year.

Name the two basic transactions that you can use to clear open items. Account clearing. Post with clearing. Line item clearig.

Documents with open items cannot be archived because open items represent incomplete transactions. True. False.

The automatic clearing program (SAPF124) cannot carry out automatic postings. True. False.

Clearing a credit memo with an open invoice is an example of --------------------------------. Account clearing. Document Clearin. Line item clearing.

Posting a payment for an open invoice with a resulting zero balance is an example of ---------------------------. Posting with clearing. Account Clearing. Line item clearing.

A ---------------------------- clears the invoice and the payment to create a new open item. Residual item. Payment item. Excess item.

A ---------------------------- results in the open invoice and the incoming payment remaining in the customer account as open items. Partial payment. Residual item. Excess Payment.

The SAP ERP system generates the exchange rate differences automatically. True. False.

G/L accounts must be defined for exchange rate losses or gains. True. False.

List the number of ways the G/L account can be determined for exchange rate differences. A single G/L account can be used for all currencies and currency types. A single G/L account can be used per currency and currency type. A single G/L account can be used per currency. A single G/L account can be used per currency type.