|Standard Settlement process Calculate interest & charges for a period and debits them to the Internal Account Calculate interest & charges for a period and debits them to the Customer Account It reads end-of-day balances to settled periods Currnet period end-date is set to next posting date.
In standard settlement posting cut-off is set in bank posting area Posting date for payment transactions must be after settlement date Posting date for payment transactions must be before settlement date.
Which statements are TRUE for settlement type Definitive settlement is a settlement simulation whose results are for information purpose only Alternative settlement is a settlement simulation whose results are for information purpose only Is linked to Condition Group type Is linked to Condition Group.
Trivial & minimum amounts can be defined for a specific Condition Category False True.
Which statements are not TRUE for extended settlement Can be used for Card Products No restriction regarding number of different settlement tracks Technically it is not possible to set-up a separate settlement for every single condition type.
Which statements are correct w.r.t settlement track Defualt settlement contains one settlement track with ONE condition group Are for only Extended settlements Possible to assign different time periods to different settlement tracks To configure extended settlement condition group is necessary.
Select all the correct statements for Pre-period corrections. Complex for Extended settlements with multiple settlement tracks Are settlement track dependent Back value posting can be possible with an archived track.
Select all the items which falls under Payment Item Routing Item Debit Posting Item Ordering Party Item Turnover Item.
Which statements are TRUE... For Turnover Items two transaction types are required For Payment Orders two transaction types are required Off setting transaction type must always be inverse. No need to assign transaction type to General Ledger Variant.
Currency exchange is required for ___________ applications Posting & Prenote with same currency Cash Pooling Facilities Notional Pooling.
One exchange rate for a pair of currencies for an exchange rate type possible by using spreads True False.
If the payment item is assigned to the target account but it is not posted, then what will be the status of the payment item Redirect Postprocessing Post Reallocation.
If the payment item is not posted to the original target account but it is rather redirected to the suspance account, then what is the status of payment item.. Redirected Posted Return Reject.
If the execeptions are not resolved by the posting control rules what is created and sent to posting control office. Information Item Turnover Posting Control Order Manual Payment Item/Order/etc..
In financial accounting requirements, internal accounts has to be defined for G/L trasnfer to the foriegen exchange position accounts. Flase True.
A combained lock on both account & card can be created using Posting Lock Management. True False.
Cash Pooling comes under which type of the lock Posting Lock Master Contract feature lock Account feature lock Check lock.
Event type "Bad Credit Standing" lock comes under which event type class Account related locks Business Partner related locks Card related lock Payment transaction related locks.
Which statements are TURE for Posting Lock Management(PLM) PLM are time dependent One can lock all(Account, Business Partern, Card) with one PLM event type For Business Patener group one can create PLM lock Closed PLM locks can't be converted into "Active" status again.
When the posting control order is assigned to any worklist, it is not possible to edit the order in the Posting Control Office. Flase True.
Which response type is not available when processing posting control order Post Postprocessing Trasnfer Reject.
If the Posting Control Order response is of status "Trasnfer Post" which of the follwoing is correct The corresponding item is posted onto the trasnfer account with status "Posted" and the status "Reversed" on the original account. The corresponding item is posted onto the trasnfer account with status "Reversed" and the status "Posted" on the original account.