TFIN50 PART 1 UNIT 4

new general ledger accounting offers balance sheet analysis below the company code level by following methods. profit center accounting. segment accounting. business area. fi drill down reporting.

using document splitting we can split and display profit and loss statment by various controlling objects. T. F.

if all posting lines must be assigned to segment or business area or profit center we have to use ____________.

there is no difference between entry and g/l view of an account if __________is not activated.

in document splitting, balance sheet line items are split according to __________ line items.

pick the correct one(s). document splitting is activated for each client and de-activated for each company code. all company code can use any number of docment splitting procedure.

steps in document splitting. active splitting. passive splitting. creating clearing lines. creating line items.

standard document splitting character. Company code. cost center. profit center. segment. business area.

_____________ indicator works in addition to field status control in the account or in the posting key for document splitting.

__________________ indicator is made so that each accounting entry is complete and financial statements can be drawn out of a document split.

Standard splitting method provided by sap is. 1. 3. 6. 12.

business transaction uses __________variant to control how a document is to be split.

we assign business transaction and business transaction variant to a ________type.

list some sources of values that are defaulted by the system. user mater record. parameter memory. system data. accounting master record. accounting functions.

examples of default values. posting date. currency. document type. posting keys. fiscal year. printer. logon language.

user cannot change a document already posted. t. f.

fields that can be changed in document header of a document. reference number. document header text. posting date. document number.

fields that cannot be changed in a document. amount. account. posting keys. any field that effect reconciliation account.

document change rules as per. document type. transaction class. company code.

condtions for document change. posting period should be open. line item should be open. document is a credit memo for an invoice or down payment. line item a debit balance in customer account. line item a credit balance in vendor account. line item a credit balance in customer account. line item a debit balance in vendor account.

pick the wrong one(s). A Document can be reversed by postive reversal posting and negative posting. A document can be reversed without any explanation. reversal reason specifies reason for reversal and reversal date which can be different from original posting date. cleared document can be reversed if it has incorrect data.

conditions for negative posting. company code should permit. reversal reason should be defined. document type allow negative posting.

terms of payment enables us to calculate. cash discount. invoice due date. basline date. day limit.

terms are payment are used to define. date from which due date is derived. cash discount terms and percentage.

terms of payment are assigned in. customer/vendor master record. defaulted by system or user. transaction line item.

pick the correct one(s). no terms of payment is valid for other credit memos base line date is the due date. Terms of payment becomes valid if we enter V in the invoice reference field in case of invoice related credit memo. Terms of payment is copied to FI when invoice is posted in SD or PM. terms of payment is entered in company code segment since payment or receipt occurs in FI.

basic data required for terms of payment. day limit. description. account type.

pick the wrong one(s). we can have single part terms of payment only. day limit is the calender day to which the terms of payment are valid. base line date is the starting date system uses to calculate the invoice due date. base line date may be a default date or a calculated date. we cannot block line items or account for payment or collection.

A payment method can be entered. in line item. in an account. in terms of payment.

base line date may be. no default. document date. posting date. entry date. fixed date by user.

pick the wrong one(s). day limit closes on baseline date. day limit opens on base line date.

define what in a cash discount. cash discount percentage. number of days/months it is valid for.

pick the correct one(s). we can enter upto to three cash discount periods. we can have one terms of payment for a terms of payment key. line item amount should be equal to the percentage of total amount for installment plan. total of line item amount should be equal to the total amount for installment plan.

following needs to be specified for installment plan. installment number. percentage of installment. payment terms.

pick the wrong one(s). in gross procedure cash discount is accounted at the time of clearing the account. in net procedure cash discount is accounted at the time posting the invoice. in gross procedure cash disount are posted to a clearing account. in net procedure if an invoice is paid after cash discount deadline, the loss is posted to a seperate account. credit memo can be linked to invoices to ensure that invoice and credit memo are due on the same date.

pick the correct one(s). Day limits define dates of cash discount periods. every installment of an installment plan must have its own terms of payment. baseline date is the date system used to determine due date of invoice.

pick the wrong one(s). cross company code transaction involves exactly two company codes in one business transaction. purchase made by one company code for another. goods sold by one company code for another. one company code pays invoices for other company code. one company code sells goods to other company codes.

document which belong to one cross- company code txn are linked by. clearing accounts. cross company code transaction numbers. unique cross company code id.

pick the correct one(s). tax is distributed between company codes according to the expenses. posting keys are assigned to clearing account to identify their account types. document number combination in cross company codes are document number, company code and fiscal year of first company code. A cross company code transaction involves at least two document. tax is posted automatically and distributed equally among the related company codes. cross company codes clearing account are g/l accounts. Cross company code txn may have different currency.