If reason codes occur without allocated payment notices, the system can't determine the type of payment notice. (pg 207) False True.
Which statements are correct? (pg 207) A payment notice is only created according to reason code as long as all of the
reason codes carry the same correspondence type If you are using different types of correspondence depending on the reason code,
select the According to Reason Code checkbox. you cannot always issue the same type of correspondence, If you want to choose the correspondence type during payment settlement, leave the field blank.
Which statements are correct? (pg 104,118) The program RFF110S, in turn, can automatically run four additional programs consecutively. The programs can be scheduled to run periodically using job management The status of the payment run is visible online in transaction F110 from the point
at which the parameters are created by the report RFF110S. Blocked accounts cannot be manually released. Program SAPF110S is used to schedule the payment program RFF110S in the
background. The programs can be scheduled to run periodically using The Schedule Manager.
BAI format: You do not have to specify the length of the document numbers or the number of document numbers in data record types 6 and 4. (pg 268) Correct Incorrect.
BAI2 format: You do not have to specify the length of the document numbers or
the number of document numbers in data record types 6 and 4. (pg 268) Incorrect correct.
Arrange it in proper order corresponding to interest ID (01,02,03,04,05) (pg 227 fig. 89)
a. Balance int. calc. term2
b. Standard item int. calc.
c. Balance int. calc. term3
d. Standard balance int. calc
e. Item interest calc. term 2 b,c,d,a,b e,c,d,b,a b,d,a,e,c a,b,d,e,c.
The payment terms of a credit memo usually do not apply, and the due date is either the due date of the associated invoice or the baseline date of the document.(pg 168) Correct Incorrect.
Every dunning procedure must have at least four dunning levels.(pg 168) Correct Incorrect.
List the main steps involved in creating the dunning proposal: (pg 168) Account selection Line item dunning Account dunning.
Which statement is correct? (pg 169) An account is dunned only if all the overdue items have exceeded the minimum days in arrears. The dunning run updates the dunning data in the dunned items and accounts. A dunning notice is sent only if the dunning data has changed since the last
dunning run or if Always dun? is selected.
If a dunning proposal is not to be used for printing, it must be deleted. Otherwise, it blocks the selected items for processing in other dunning runs.(pg 172) Correct Incorrect.
After the dunning proposal has been created, changes to the dunning data in items or master records are ignored in the current dunning run.(pg 176) Correct Incorrect.
The dunning proposal can be edited, deleted, and recreated as often as required. (pg 176) Correct Incorrect.
How many kinds of interest calculation in the SAP System: (pg 224) Four Six Two Eight.
Which are belong to interest calculation type "P" ? (pg227 fig. 89) Standard item int. calc. Item interest calc. term 2 Balance int. calc. term 3 Balance int. calc. term 2 Standard balance int. calc.
Which statement is best to suite for Deferrals? (pg 493) Triggering situation: Expenses/revenue were posted to the current period on receipt/issue of an invoice, but economically they belong, at least partially, in
a future period. Triggering situation: Economically, expenses/revenue belong in the current period and are only posted to a subsequent period once an invoice has been received or issued.
Which statement is best to suite for Accruals? (pg 493) Triggering situation: Economically, expenses/revenue belong in the current period and are only posted to a subsequent period once an invoice has been received or issued. Triggering situation: Expenses/revenue were posted to the current period on
receipt/issue of an invoice, but economically they belong, at least partially, in
a future period.
In each period in which you carry out accruals, the credit balance on the account "Other Payables (or Provisions)" increases. (pg 494) Correct Incorrect.
If you want to sort your dunning notices and items according to specific criteria, how do you do ? (pg 136) Maintaining Dunning notice. Maintaining Standard texts. Maintaining sort variants. Maintaining Dunning key.
Which statements are correct? (pg 136,146) Every dunning program run is identified by the following "Run date" and "Identification fields" The run date does not have to be the actual date when the program is executed The Identification is used to differentiate between programs that have the different run date. The parameters provide the dunning program with information on the dunning run. You can copy the parameters from existing dunning runs. A dunning key prevents accounts and items from being dunned.
You cannot activate an additional log, to check after the dunning run to see whether the run was successful. (pg 147) Correct Incorrect.
Checks can be voided before the print run if they are: (pg 246) Accidentally damaged Not required because a cash payment is made instead Stolen Torn during printing Destroyed Used for a test print.
Checks can be voided after the print run if they are: (pg 246) Not required because a cash payment is made instead Accidentally damaged Stolen Torn during printing Used for a test print Destroyed.
When you void a check, the payment document, original invoice, and check register are updated. When you reverse a document, a new reversal document is created.(pg 146) Correct Incorrect.
Name two ways of creating a check. Can you name the check printing program? (pg 259) Manual check Automatic payment program: RFFOUS_C or RFFOD__S Automatic check creation.
You can void a check without reversing the payment document.(pg 259) Yes No.
You can void a check and reverse the payment document and the vendor invoice all at the same time. (pg 259) Correct Incorrect.
Which order The payment process carried out? (pg 33)
A. Scheduling the payment run
B. Setting parameters
C. Printing the payment media
D. Generating a proposal D,C,B,A A,B,C,D B,D,A,C B,A,D,C.
If company code A is making payments on behalf of another company code B, then
B is the sending company code (pg 36) If a company code is not specified, the system automatically regards Paying company code as the Sending company code. If a company code is not specified, the system automatically regards the sending company code as the paying company code.
Which statements are correct? (pg 182,183) The payment advice note number has 10 digits and starts with 06. The payment advice note type 06 must be defined in the configuration settings. The dunning recipient can be different from the address of the dunned account. The dunning notice must only contain items with the company code currency. Items with special dunning keys can be printed separately.
Make your specifications dependent on the company code. If no entry exists for a company code, the correspondence types specified without a company code are offered.(pg 206) False True.
Which statements are Correct? (pg 83) The parameters specify the accounts and documents that are to be included in the payment run. The payment program needs the next posting date to determine whether an open item has to be paid now or in the next payment run. The sequence in which the payment methods are entered in the payment parameters reflects their priority. All the company codes in the payment run parameters must be in the same country. A payment method can be used only if it is entered in the account master record The payment proposal can be edited, deleted, and recreated as often as necessary.
Which statement is Correct? (pg 520) Accrual Engine supports Parallel accounts & Parallel ledgers Accrual Engine does not supports Parallel accounts & Parallel ledgers.
The derivation rules are summarized in a set of rules. Depending on how the derivation rules are defined, they are processed either in parallel or sequentially. (pg 521) Correct Incorrect.
In the case of manual accruals:You define parameters as required in the Data Dictionary structure ACAC_PARAMETERS. Correct Incorrect.
Which components need to be taken into consideration when selecting the paying house bank? (pg 39 fig. 20) Ranking order Amounts Accounts Forms for payment media Bank optimization Value date.
The function modules delivered that you can also use for manual accruals begin
with (pg 516) ACE_CB_* ACE_DB_* ACE_DD_* ACE_DS_*.
For dunning procedure process, which of the following you will maintain....(Pg 132) Print parameters The dunning intervals in days The key for the dunning procedure to be used Minimum number of days A description of the dunning procedure Grace periods per line item.
Which database table belongs to Master data, open item balance audit trail? (pg 555) DKOKP DKOKS DKKOS DKKOP DSKOS.
Which database table belongs to Items, open item balance audit trail? (pg 555) DKOKS DKKOP DSKOS DKOKP.
Which database table belongs G/L accounts master data/transaction figures, historical balance audit trail? (pg 555) DSKOS DKKOS DKKOP DKOKS DSKOP.
Which database table belongs to Subledger accounts master data/transaction figures, historical balance audit trail? (pg 555) DSKOS DSKOP DKKOS DKOKS.
If a problem arises during the invoice verification process, the invoice is usually blocked for payment. You can configure this type of block in such a way that the block can only be removed during the invoice verification proces (pg 59) Correct Incorrect.
If there is a reason why a vendor should not be paid, you cannot create a payment block in the master record. The block created in the master record does not prevents any invoices from the vendor from being paid. Correct Incorrect.
The payment program has been developed for both national and international
payment transactions with vendors and customers, and handles both outgoing
and incoming payments.(PG 32) Correct Incorrect.
If you do not make a default setting in display variant management, the system
chooses the 1SAP-P layout. (pg 324) Correct Incorrect.
Accruals and deferrals cannot be managed differently in FI. (pg 493) Correct Incorrect.
Every account for which the SAP System will calculate interest must have an interest indicator in its master record (pg 227) Correct Incorrect.
Which check register program in an ABAP program that is shipped as standard with the system. RFEBCK00 RFCHKN00.
The check clearing account is configured in the payment program and the cash account is configured in the house bank. The check clearing account must not use open item management. (pg248) Correct Incorrect.
The cashed checks program is used to manually record checks that have been cashed by the bank. This process can be carried out automatically using the ________ program with data supplied from the user's bank.(pg 248) RFCHKN00 RFEBCK00.
For All company codes, you can define.... Which statements are correct? (pg 36) Intercompany payment relationships Cash discounts Minimum amounts for incoming and outgoing payments The company code(s) that process payments Bill of exchange specifications Tolerence days for payments.
For each individual company code, define... Which staements are correct? (pg 37) Minimum amounts for incoming and outgoing payments Intercompany payment relationships Forms for payment advice and EDI The customer and vendor transactions to be processed Bill of exchange specifications Cash discounts.
You can select a layout for the list output for your line item display. If you so require, this layout is displayed again the next time you call up transaction for customers, which one do you select? (pg 324) FBL2N FBL4N FBL5N FBL1N FBL3N.
You can select a layout for the list output for your line item display. If you so require, this layout is displayed again the next time you call up transaction for vendors, which one do you select? (pg 324) FBL1N FBL2N FBL4N FBL3N FBL5N.
You can select a layout for the list output for your line item display. If you so require, this layout is displayed again the next time you call up transaction for G/L accounts, which one do you select? (pg 324) FBL3N FBL5N FBL4N FBL1N.
Table variables from TVARV: You use these variables when you store dynamic information that can be used in different reports (pg 287) Correct Incorrect.
For dunning levels, which of the following you will maintain....(pg 133 fig. 53) Print parameters Minimum number of days, referring to the due date of net payment, to reach a certain dunning level if interest is to be calculated If you wish to get a dunning notice although no further account movements have occured Grace periods Interest calculation indicator for calculation of dunning interest If interest is to be calculated.
Closing activities for external purposes include: Which statements are correct? (pg 387) Technical - Open new accounting period (FI) CO - Reconciliation posting to FI (for cross-organizational unit CO postings) HR - Post payroll expenses FI - Foreign currency valuations and financial statement adjustments Technical Final closing of the old period FI/CO - Creating external and internal reports.
Pre-closing activities that begin in the old month include: (pg 387) FI/CO - Creating external and internal reports Technical - Open new accounting period (FI), FI - Enter accruals/deferrals, process recurring entries and bad debt expense in AR, post depreciation and interest expenses in Asset Accounting MM - Maintain GR/IR clearing account, post material revaluations Technical Final closing of the old period SD - Post goods issues for deliveries to customers Technical - Close old month in (MM), close sub-ledgers (FI), preliminary close of G/L (FI).
The posting control is defined for each, Which statement is False? (pg 519) Company code Accrual Engine Accounting principle Accrual type.
For each accrual type, you define in Customizing which postings are to be made automatically and, therefore, for which postings account determination is required.(pg 520) Correct Incorrect.
Which statements are correct? (pg 508-516) The Accrual Engine supports parallel accounting with either different account areas or parallel ledgers. An extensive Information System provides information about planned accruals and accruals that have already been carried out The application component must be assigned to the company codes that are to use it. The current fiscal year must be open for the application component. The posting record for accruals is Expense to Other Payables (or provisions) in
each period.
The SAP payment program lets you automatically, Which statements are correct? (pg32) Post payment documents Print payment media, use data medium exchange (DME), or generate electronic data interchange (EDI) Select open invoices to be paid or collected.
Which statements are correct? (pg 516) Each accrual object can have several accrual items A function module is defined for the accrual method, and this calculates the accruals You can't define derived accruals types. you can able to develop your own function modules for the accruals.
The mySAP ERP system provides a standard report (RFBILA00) for creating financial statements. You can produce different outputs from this report program by specifying different financial statement versions. (pg 392) Correct Incorrect.
Which statement is False? (pg 361,362) You can use these (0SAPBLNCE-01 to 0SAPBLNCE-NN) names for your own forms The names for these standard forms are 0SAPBLNCE-01 to 0SAPBLNCE-NN, SAP delivers standard forms, which you can use as templates to create your own forms. You then define the characteristic values of the characteristics you chose. You can enter three different lengths of text. These are then used as the column headings for the elements.
Regrouping Receivables and Payables which function do you use? (pg 454) SAPF101 SAPF100 SAPF001 SAPF10.
Which statements are correct for Report-Report Interface? (pg 377,378) Using the report-report interface enables you to report on a larger number of characteristics than with individual reports. Using the report-report interface Link reports that contain different characteristics in an application Using the report-report interface Link reports created in the different application classes. Using the report-report interface, you can link several individual reports, each with a limited number of characteristics, to allow you to perform flexible data evaluations online.
Which statements are correct for dunning process? (pg 134/135) Minimum amount or percentage of the overdue items to reach a dunning level The name of the form that will be used at each dunning level Minimum amount required before interest is calculated for each dunning level Dunning charges are defined for each currency and depend on the dunning level.
If a document has several line items, some of the line items may have different reason codes and associated correspondence types.then can you able to send the automatic payment notice? (pg 208) yes no.
Which report do you run for Open item account balance audit trail from document file (without balance audit trail). (pg 554) Report RFKLET02 Report RFKKBU00 Report RFKKBU10 Report RFKLET01.
Report SAPF001 valuates open items in foreign currency as well as foreign
currency balance sheet accounts. (pg 427) Correct Incorrect.
Which statements are correct for lockbox? (pg 262,263) Any checks that could not be fully processed by the lockbox import process are cannot manually processed in the post processing transaction. By Using lockbox Instead of sending their payments to your office, customers mail their payments and payment advice notes directly to a central bank location, usually a post office box The lockbox files are transmitted using various methods such as tapes, diskettes,
and direct dial-in and download. Any checks that could not be fully processed by the lockbox import process are then manually processed in the post processing transaction.
Which is advice note program ? (pg 88) RFF110SSP RFFOAVIS_FPAYM SAPFPAYM SAPFPAYM.
Which is Payment program ? (pg 88) RFFOAVIS_FPAYM PMW SAPFPAYM RFFO*.
Using the report-report interface, you can link several individual reports, each with a limited number of characteristics, to allow you to perform flexible data evaluations online. (pg 377) Correct Incorrect.
When you want to display individual accounts online for Internet services offered by SAP programs. Which one do you select? (pg 306) ALV Grid control ALV Classic list.
In addition to the display variants provided by SAP, you can also create your own display variants. This allows you to define your own specific view of a list. (pg 305) Correct Incorrect.
Some of the functions provided by the SAP List Viewer include the following generic cross-application functions: (pg 304) Select columns Add Summation sort.
For each accrual type, you define in Customizing which postings are to be made automatically and, therefore, for which postings account determination is required. (pg 520) Correct Incorrect.
You can use the List Viewer to display simple and hierarchical sequential lists. (pg 302) Correct Incorrect.
For Bank Selection: Ranking Order, you have to define the following for each payment method: (pg 40, Figure 21) Bill of exchange account Bank optimization Which house bank should be considered for payment first,second,third etc Currencies.
Report SAPF001 valuates open items in foreign currency as well as foreign currency balance sheet accounts (pg 427) Correct Incorrect.
Which statement is False for SAP List Viewer? (pg 302/306/307 ) The SAP List Viewer is a generic display tool that creates a standard ergonomic list from predefined data. You can use the List Viewer to display simple and hierarchical sequential lists. You can also display and change parameters using transaction SU You can display (and change if necessary) the settings using transaction FB00, the
accounting editing options on the Line Items tab page. With some lists, you cannot switch between the two layouts; this is a special
feature of ALV Grid control.
Instead of entering values for selection criteria each time you start the report, you enter the values only once and then save the variant (pg 284) Correct Incorrect.
A lockbox is a service that banks provide to facilitate the orderly collection and processing of incoming payments.(pg 261) Correct Incorrect.
Drilldown reporting is a tool that enables you to analyze AR account transaction figures and financial statements. You can also carry out variance analyses such as plan/actual comparisons, fiscal year comparisons, and so on. (pg 407) Correct Incorrect.
What will you do if The check printer is not working and your superior needs a check? (pg 244) a. you will fill out the check on the typewriter. Using method "a" and "b" later go back into the SAP system to create the payment document and then assign it a check number You have to wait until the printer gets ready b. You will fill out the check on by writing.
Which statements are correct? (pg 492,505,506,508 ) The Accrual Engine is a generic tool for calculating and creating accrual postings. The Accrual Engine itself is visible for the end user. When you enter the accrual/deferral document, you have to enter a reversal reason. The Accrual Engine calculates the accrual amounts automatically. You can make periodic accruals postings automatically as performance-optimized mass data processing using an accrual run. Accrual Engine can be developed by customers.
You carry out the balance carryforward for accounts receivable and payable using report (pg 538) SAPF010. SAPFGVTR.
For Each country, you can define... Which statements are correct? (pg37, Figure 18) Methods of payments: check, bank transfer, etc Document types for postings Grouping options Permitted currencies Bank optimization Create a check, bank transfer, bill of exchange etc.
Financial statement versions are not used in the structured balance list, drilldown
reporting, planning, and transferring data to consolidation.(pg 393) Correct Incorrect.
Every document is uniquely identified by the following fields: Which statement is False? (pg17) document number Vendor master Company code Fiscal year.
Which statement is False? (pg 119,125,130 ) Every account that is to be included in the automatic dunning process needs to have a dunning procedure. The dunning proposal can be edited, deleted, and recreated as often as necessary until the dunning clerk is satisfied with the result. One-time-accounts do not have a dunning procedure You can use the Schedule Manager and program scheduling functions for your payment processes. The dunning procedure can process standard and/or special G/L transactions.
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