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GV-Fisc.Yr. & Post.Period (vidhyadhar)
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GV-Fisc.Yr. & Post.Period (vidhyadhar) Description: GV-Fisc.Yr. & Post.Period(vidhyadhar) Author:
Creation Date: 13/11/2008 Category: Computers Number of questions: 20 |
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SAP uses the Variant Principle which consists of three steps. Sequence the steps in the correct order: ( Click and drag from the left side button to the right side button) Populate a Variant with Values / Attributes Assign a Name and Description to a Variant Assign a Company Code to a Variant. Pick the Correct statement(s) Using the Variant principle in SAP, a Variant is defined at the Company Code level since the variant is meant to be used by one or more Company Code(s) A Major benefit of using the Variant principle is the definition of one or more attributes which need to be defined once and once only though they can be used by one or more Company Codes. One or more of the following statements is/are likely to be correct. Check out for yourself: If Posting Period Variant has been defined and assigned to a Company Code, the Company Code does not need a Fiscal Year Variant If Fiscal Year Variant has been defined and assigned to a Company Code, the Company Code does not need a Posting Period Variant. Your Company Code uses a SAP delivered Fiscal Year Variant called K4. Which of the following Statements hold good in this regard? The said Fiscal Year Variant Comprises Four Posting Periods ( 4 Quarters in a Year) The Fourth Posting Period of the said Fiscal Year is falls in the month of April The said Fiscal Year Variant represents a Shortened Fiscal Year comprising 4 Posting Periods only The Said Fiscal Year uses Four Special Posting Periods. Your Company Code uses a Fiscal Year Variant Called MQ comprising 6 Posting Periods Commencing from October. Which of the following are true? While Configuring , you would use the Shift Indicator (of - 1) 5 times While Configuring , you would use the Shift Indicator (of - 1) 4 times. A Fiscal Year starting each year on Apr 1st and ending on the subsequent March 31 st would be a typical example of Year Specific Non-Calendar Year Non-Year Specific Calendar Year Year Specific Shortened Fiscal Year Non-Year Specific Non-Calendar Year Year Specific Calendar Year. The maximum number of Posting periods in a Fiscal Year can not exceed 12 16 15 14 13 0 4 3 2 1. A Shortened Fiscal Year has 12 posting periods 12 Posting periods or Lesser whichever is greater Less than 12 Posting periods. While defining a Fiscal Year which is Calendar Specific the system insists that you define each posting period the system does not require you to define each posting period the system allows you an option to define each posting period. Pick out the correct statement(s) A Shortened Fiscal Year may not contain the same number of posting periods each year A Shortened Fiscal Year can never be Year Specific Start and End dates in a Shortened Fiscal Year will not be the same every year A Shortened Fiscal Year never needs the Shift Indicator ( +1). Which of the following statement(s) is / are incorrect? A Fiscal Year Variant indicates the start and end dates which remain open A Posting Period Variant indicates the periods of a fiscal year which remain open A Posting Period Variant always ensures that the Fiscal Year is a Calendar Year. Match the Following:(Click and drag from the left side button to the right side button) Material Account type General Ledger Account type Vendor Account Type Customer Account Type Asset Account Type. While defining Open Posting Periods, an Account Type + is a common representative of all other Account types (A,D,K,M and S) An Account Type + need not be defined if all the other account types stand defined explicitly An Account Type + must be defined irrespective of whether other account types stand defined or not It is not impossible to define an Account Type + and leave out the other account types. Pick out the Correct Statement(s) Posting Period Variant is represented by a mnemonic not exceeding four character length numeric variable Posting Period Variant is represented by a mnemonic not exceeding four character length alpha-numeric variable Posting Period Variant is represented by a mnemonic not exceeding two character length alpha-numeric variable Posting Period Variant is represented by a mnemonic not exceeding two character length numeric variable Fiscal Year Variant is represented by a mnemonic not exceeding two character length numeric variable Fiscal Year Variant is represented by a mnemonic not exceeding two character length alpha-numeric variable Fiscal Year Variant is represented by a mnemonic of four character length alpha-numeric variable and bears the same characters defined for your Company Code. No More than Two consecutive posting periods can be open at a given time True False. The Number Ranges defined in a Posting Period Variant represent Document Number Ranges Customer Account Number Ranges from the Subledger Vendor Account Number Ranges from the Subledger General Ledger Account Number Ranges All the options mentioned against this question are correct None of the options mentioned against this question is correct. Authorization groups permitting posting authority to selected users Allow posting in Special Posting Periods only Allow posting in Normal Posting Periods only Allow posting in any Posting Period ( normal as well as Special). Pick out the incorrect statement(s) The Account Number Range Fields must carry atleast one entry in account types such as A,D,K,M and S. The Account Number Range Fields must carry atleast one entry in the account type + If the Account Number Range Fields have been filled up for the account type +, the account number ranges need not be filled up for other account types. The following optional activities may happen during document entry before the system permits posting of the said document The Posting date entered in the Document Header during document entry is automatically compared with the + Account type in the Posting Period Variant The Line Items entered during Document Entry are checked automatically against the various other Account types defined in the Posting Period Variant. Authorization Group defined applies / Apply to the periods specified in the First period interval the periods specified in the Second period interval Both First and Second Period intervals None of the period intervals. |