Which transaction code is used for Open and Close Periods in PPV? S_ALR_87003642 S_ALR_87003622 S_ALR_87003628 S_ALR_87003624.
Which transaction code is used to create a Posting Run? PC00_M48_CIPE PC04_M68_CIPE PC12_M99_CIPE PC00_M99_CIPE.
Between which functions in the FI-MM module does a direct relationship exist
(Choose 3) Purchasing Invoice Verification Inventory Audit-Invoice Verification Invoice Verification-Account Payable Requirement planning-Invoice Verification Goods issue to a production order G/L Account.
A correspondence types
(Choose 4) Can be user define Represent types of form in the letter in the SAP R/3 system You need to create a correspondence type for each type of letter you need Special program need to be created to create a new correspondence type You can use the standard correspondence types.
Debit Balance Check
(Choose 3) Debit balance check can be carried out after payment run We can change this debit balance check Vendor who has a debit balance, all of his line items always shown in the exception list Debit balance check can be maintained in the Vendor line items Debit balance check is required if Vendor has a debit balance Debit balance check is carried out after payment proposal.
Leading ledger gets many of its control parameters from the company codes, specifically:
(Choose 3) Leading ledger manages the (additional) local currency (currencies) that is (are) assign to the company code Leading ledger uses fiscal year and posting period variant that is assigned to the company code Only the values from the leading ledger are posted to CO in the standard system There are many leading ledgers.
Dunning run configuration
(Choose 3) Dunning procedure can process standard and or special GL transactions For one time account special configuration needs to be maintained in dunning procedure Dunning programs not used for one time accounts Dunning procedure control how dunning is carried out Dunning procedure is configured at client level.
What does the fiscal year variant control?
(Choose 2) The number of special periods available in addition to the normal periods The number of periods (up to 16 posting periods including special periods) The number of periods (up to 52 posting periods and special periods) The open periods (a period interval for closing and another day-to-day business).
Which of the following about vendor transaction is correct?
(Choose 2) Vendor down payment is shown on balance sheet under normal reconciliation account for payables A vendor down payment request is a noted item A vendor down payment is cleared after final invoice is received from vendor A vendor down payment request cannot be included payment program to produce down payment Special G/L transaction is one, which is included in special purpose ledger under coding block in G/L account.
In a payment method definition :
(Choose 2) Define house bank link Define maximum and minimum payment Define allocated currency for country level Define allocated currency for company code.
When you create a G/L account the following entries must always be assigned to the account
(Choose 3) Sample account number Short Text Balance Sheet A/c and P&L statement type Consolidation trading partner A/c group.
Payment Method Configuration
(Choose 3) One company code is paying on behalf of another company code, this is the example of cross company code transaction If company code X is making payment on behalf of another company code B, then B is paying company code Paying company code is the company code that is responsible for processing outgoing payments If company code X is making payment on behalf of another company code B, then B is the sending company code.
When parking a document, which of the following occurs in the system? The document number is assigned and transaction figures are updated The document number is not assigned and transaction figures are not updated The document number is assigned but transaction figures are not updated The document number is not assigned but transaction figures are updated.
For which scenario can you use the cash journal? To manage cash in local branches and offices To make remittances to vendors To post incoming and outgoing payments in any transaction currency To record documents that will not be included in the general ledger.
What is the purpose of account determination in the accrual engine?
(Choose 2) To determine the document type To determine the CO object To determine debit and credit accounts To determine the correct posting period.
What are the prerequisites for setting up cross-company-code cost accounting?
(Choose 2) The same fiscal year variant is used for all company codes The same variant for open periods is used for all company codes The same chart of account is used for all company codes The same currency is used for all company codes.
In your leading ledger (ledger solution), balance sheets must be created for company codes and segments.
Which Customizing settings do you need to make?
(Choose 2) Define a retained earnings account Define 2 retained earnings accounts and assign them to your P&L accounts Assign to Segment Reporting scenario to your leading ledger Activate cost of sales accounting.
Which of the following parameters are defined in the payment program to select appropriate open items?
(Choose 2) Exchange rate type Bank account Program identification Purchasing group.
Which options are available to define the number range of a document?
(Choose 2) Ledger group specific For every fiscal year variant For every fiscal year Continuous.
Payment Method
(Choose 3) Can be changed after document is posted Payment method if change after payment proposal in the line items, it has no effect in the current proposal Can also be change in the proposal Cannot be changed after document is posted.
Which of the following statements is true? A business area and a company code are assigned to each other in the corporate structure IMG A controlling area and a company code must have the same local currency A plant must be allocated to a company code A company code can belong to more than one controlling area.
Posting keys are used for To determine material types To determine account group types To determine account types To assign G/L accounts.
Which T-Code is used to define Document Number Ranges in SAP FICO? FBN1 MMN1 FBNR FBNN.
What do we do if we don't want a customer whose records are maintain separately Vendor master record maintained One Time Customer master record maintained Customer master record maintained All of them.
How to reverse a document in SAP FICO? FB08 FB01 FV11 FB04.
The relationship between house bank and account id is the following One to One and One to Many One to Many only Many to One only Many to Many and One to Many.
Customers and Vendors are defined in SAP at following level At company code level At client level At controlling area level At company level.
A vendor is also a customer. The payment program has to clear the open items. Which setting has to be maintained in both master data records? The account link The same bank details The alternative payer and payee The same payment method.
Which objects can be assigned to an asset master record?
(Choose 3) Profit Center WBS Element Internal Order Profitability segment Cost Center.
Which 2 data sections are part of every asset?
(Choose 2) Master data section Depreciation data section Account determination data section Valuation area data section.
To which of the following does asset class apply? To all company codes within a client, which share the same chart of accounts To all company codes in an instance (client-independent) To all company codes in a client To all company codes in a controlling area.
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