|The total value in the material master of a material needs to be updated during a goods receipt (GR) posting. To achieve this, what information should not be contained in the corresponding purchase order (PO) item? There are two answers to this question: Account assignment category Material with standard price S Material with price control V Item category K (consignment).
Which indicator should you specify in the Price Control field to indicate the moving average price? V MA S M.
Which indicator should you specify in the Price Control field to indicate the moving average price? There two answers to this question: Table control
Hold Message log Personal settings.
You are using purchase order (PO)-based invoice verification. Your PO has two items for the same material. There are four goods receipts (GRs) posted for the first item and three GRs posted for the second item. What will the item list look like if you want to post the invoice for this PO, but do not yet have an existing invoice? A line appears showing the total of all seven items. A line appears showing the total of all GRs in the first item and another line appears displaying the total of GRs for the second item. A line appears for each GR posting. The items posted on the same day are grouped together. A line appears for each GR.
You are using purchase order (PO)-based invoice verification. Your PO has two items for the same material. There are four goods receipts (GRs) posted for the first item and three GRs posted for the second item. What will the item list look like if you want to post the invoice for this PO, but do not yet have an existing invoice? A line appears showing the total of all seven items. A line appears showing the total of all GRs in the first item and another line appears displaying the total of GRs for the second item. A line appears for each GR posting. The items posted on the same day are grouped together.
A line appears for each GR.
What are the consequences when you hold a document? There are two answers to this question: An accounting document is created. The system updates the purchase order (PO) history. A materials management (MM) invoice document is created. The existence of the vendor is checked.
In a Release and Post workflow, the invoice verification clerk, who is responsible for making changes to the document, can post an invoice document. True False.
With prepayment, it is possible to pay held, parked, and saved as complete invoices before they are actually posted. True False.
Match each term to its corresponding description. Invoiced by the vendor to the company. Difference between the purchase price and the sales price. Invoiced to the customer at all production and trade levels.
The terms of payment, 14 days 3% cash discount or 30 days net price, are flagged in an invoice. There is no default data from the purchase order (PO). How would you enter the terms of payment? Go to the vendor master record and enter the terms of payment there. After you have saved the data, it is automatically copied to the current invoice. Enter a key for these terms of payment manually during invoice entry. Enter 14 days and 3% in the first line on the Payment tab page, leave the second one blank, and enter 30 days net price in the third line.
Which exchange rate is used to convert invoices into a foreign currency? There are two answers to this question: If the exchange rate is fixed in the purchase order (PO), that rate is used. The exchange rate on the day the PO was created is used. The fixing indicator is irrelevant. If the exchange rate is not fixed in the PO, the exchange rate from the day the invoice was entered is used. If the exchange rate is not fixed in the PO, the conversion is carried out using the average exchange rate from the date on the PO and from the current day.
If a valuated GR is defined for a PO with account assignment, then the system credits the consumption account at GR True False.
If no GR or only a non-valuated GR is defined for a PO with account assignment, then the posting to the consumption account occurs directly when the invoice is posted. True False.
You post an invoice with reference to a blanket purchase order (PO). Which of the following statements apply? There are two answers to this question: The goods receipt/invoice receipt (GR/IR) clearing account is credited. A posting is made to the consumption account. The system proposes the amount resulting from the difference between the overall limit and the actual value. If the blanket item contains account assignment data, it will be suggested.
Which of the following are blocking reasons with respect to variances in invoice items? There are four answers to this question: Quantity variance Price variance PO price quantity variance Date variance Weight variance Subitems variance.
For which of these variances can you store tolerance limits for invoice verification? There are two answers to this question: Amounts for items without reference to a purchase order (PO)
Over-delivery at goods receipt Timeout for the blanket purchase order Variances from the standard price material valuation.
An invoice can be blocked depending on the quality inspection of any materials it contains. Which of the following statements apply in this case? There are three answers to this question: The invoice is blocked automatically when the goods receipt (GR) is posted as stock in quality inspection, but not yet transferred to unrestricted-use stock at the time of invoice verification. Quality management (QM) procurement must be active for the relevant material. An invoice block occurs, if an inspection lot was not released at the time of invoice verification. For PO-based invoice verification, the system blocks an invoice if there is a inspection lot from a previous delivery that was not released in the relevant purchase order item.
If you set an upper and lower tolerance limit for blocking invoices in the system, and if the variance exceeds the upper limit, the system issues a warning message without blocking the invoice. True False.
What do you have to consider when reducing invoices manually? There are two answers to this question: You must select the correct value for the Correction ID in the item line. You must use the document type Invoice Reduction. Only one accounting document is created in total. In this document, the original invoice amount is reduced by the difference. Two accounting documents are created, an invoice and a credit memo.
The system allows you to partially reduce an invoice by accepting the price or quantity variance. True False.
Which of the following statements about vendor-specific tolerance are applicable? There are two answers to this question: Vendor-specific tolerances are maintained in the purchasing data in the vendor master record. In the total-based invoice reduction, it is not necessary to search for the error in the item list. Any small differences, which are specified for a tolerance key entered in the vendor master record, are posted to a separate general ledger (G/L) account. If the difference is larger than the defined tolerance for total-based invoice reduction, the invoice cannot be posted.
In which of the following situations can you release an invoice automatically? There are three answers to this question: Today is the delivery date of a purchase order (PO) and the invoice was posted five days ago. There was a manual payment block that has since been cancelled. The block occurred due to a quantity variance. The difference quantity has since been delivered. The block occurred due to a quantity variance. In the meantime, a credit memo for the difference quantity has been posted.
When you have deleted all your individual blocking reasons and saved your changes, the system releases the invoice for payment. True False.
When should you create a subsequent debit document in transaction MIRO? The system posts an invoice for 97 pieces. Subsequently, three pieces are invoiced again, as the goods receipt (GR) check has discovered that the quantity shown in the delivery note has been exceeded by three pieces. The gold price was too low in an invoice for gold-plated parts. A second invoice is created to invoice the difference. One part has been inspected and found to be faulty but can still be partially used. The vendor sends us a credit memo for 10% of the original invoice amount. In the payment, the cash discount has been deducted, even though the cash discount period has expired. The vendor demands the cash discount back.
Freight costs and customs duty are the two types of planned delivery costs. True False.
Which one of the following statements is correct with respect to delivery costs? Planned delivery costs can be posted only after at least one invoice for goods or services items are posted. Planned delivery cost can include the revised material cost sent by the vendor in a subsequent invoice. If the planned delivery costs are freight costs and there is a vendor for freight in the condition details included in the document, the system automatically suggests it as an invoicing party. Unplanned delivery costs are always apportioned on the basis of values in the current invoice document.
Unplanned delivery costs are those that were agreed upon in the purchase order (PO) and are entered upon invoice receipt (IR). True False.
What should you pay attention to when you want to enter an invoice without reference to a purchase order (PO) in Logistics Invoice Verification? There are three answers to this question: In addition to the PO Reference tab page, further tab pages must be activated via Customizing settings. The vendor cannot be a one-time vendor. The currency must always be entered manually. The terms of payment are not determined from the purchasing data, but instead from the accounting data in the supplier master record.
Which statements regarding credit memos are applicable? There are two answers to this question:
Credit memos must contain the same terms of payment as the original invoice. You can only enter credit memos for complete items. The differences in credit memos for partial quantities first have to be corrected using a reversal posting. You can also enter credit memos for blocked invoices. If you cancel an invoice, the system automatically generates a credit memo.
You cannot reverse a reversal document. True False.
Which of the following statements about invoice verification in the background are applicable? There are two answers to this question: The Customizing settings for invoice verification in the background can be made separately but to the same extent as the Customizing settings for online invoice verification In invoice verification in the background, only the difference for the complete document is determined. An item-related verification is not made. Incorrect items from the settlement program must always be manually verified in the end. Invoices processed in the background can be posted but blocked for payment if the invoice was posted before the delivery date of the order.
An invoice verified as incorrect during invoice verification in the background is automatically checked again the next time the verification program runs. True False.
Which of the following points must be fulfilled in order to apply the evaluated receipt settlement (ERS) to a purchase order (PO) item? There are two answers to this question: The ERS indicator must be set in the document item. A tax code must be maintained for the document item. The No ERS indicator must not be set in the info record. The terms of payment of the supplier (to whom the settlement must be made) must be maintained in the supplier's master record.
In the case of vendor consignment, the delivery of the goods is settled immediately, but the vendor remains the owner until the goods are removed from the warehouse. True False.
Which of the following leads to differences on the goods receipt/invoice receipt (GR/IR) clearing account? There are A vendor waives the charges for a purchase order (PO) item because the delivery was executed as a free of charge sample delivery. A price variance is posted at IR. The GR is posted as non-valuated. Of the 100 pieces of material returned to the vendor, only 98 were credited to the vendor’s account because two pieces were damaged in transit.
Which information is used to check for duplicate invoices? There are three answers to this question:
Company code Purchasing organization Reference Invoice date Account assignment data for invoices to purchase order (PO) items with account assignment.
Which verifications can be entered in the system using user-specific tolerance group values? There are two answers to this question: Upper limit for each document Upper limit for each document item Cash discount for each document item Total-based acceptance of small differences.
The clearing of down payments is not possible during invoice entry. Clearing can only take place via the down payment monitor. True False.