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SAP:FI - General Questions - 2 ECC 5.0

SAP:FI - General questions - 2 ECC 5.0

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About the evaluation in the world of Bussiness, we can Affirmate that: The Internet evaluation could turn available to companies to use of ERP Functionality The next generation of new dimensional products appeared taking functionality out of the company, to bring value through extending the internet evaluation. The internet has driven to a collabarative enviorment where value is created through collabiration with in the Bussiness communities. First the companies are looking through cost reduction and efficiency through integration of Bussiness communities.
About the defination of ERP and e-Bussiness functionalities, we can say that: ERP offers Enterprise Functionality (General ledger, Payroll, order entry) to integrate core internal process. ERP is mySAP financials and MySAP HR. ERP is SAP r/3 and e-bussiness is About Bussiness model, ERP can be considered as enterprise centric and E-bussiness as Extended and Collabarative. About Architecture, ERP can be considered as an integrated system and e-bussiness as integrated system and open integration platform. About process, ERP can have them integrated, core with in enterprise and collabarative beyond company boundries.
What is a SAP Bussiness objective? It is all the transaction data generated through the transactions. It is the instanced class of the class Builder It is composed of tables that are related to the Bussiness context, including the related application programs and is maintained in the class repository. It is the representation of central bussiness object in the real world, Such as Employee, Sales order, Invoice, Purchase requisition so on. It is a sequence of dialog steps ithat are consistents in a Bussiness context and that belong togethere logically.
About BAPI, What is true? It is a well defined interface providing access to process and data of Business application system. BAPI offers a stable standardized interface for integrating third party application and components in the Bussiness framework. A BAPI is assigned to one and only Bussiness object. In R/3 Enterprise version, BAPI is used to create an internal order inside a customized ABAP program A Bussiness object in the Bussiness object repository can have many methods in which one or several are implemented as BAPI.
What we can say about ALE (Application Link enabling)? Bussiness process cannot be distributed using ALE ALE concept is related to an enterprise structure with areas that have central tasks and areas with task that are decentralized. Applications are integrated via message exchange. ALE supports the Implementation and operation of distributed SAP applications.
A company code is : An independent accounting entity (smallest org element for which complete self-contained set of accounts can be drawn up ). An org unit in an enterprise that represents a closed system for Cost accounting purpose.(Controlling area). A org unit that provides an additional evaluation level for the purpose of segmental reporting (Business Area). A dependent accounting entity according to the fiscal year. Highest level in the R/3 hierarchy(Client).
Mark the wrong statements. Variant principle is a three - step method in r/3 to assign spl properties to one or more r/3 objects. Disadvantage to use variant is that it cannot deal with the maintanence of properties which are common among several r/3 objects. For using a varint, we need to first define, populate it with values and assign it to r/3 object Principle is used for Fiscal year variant, Posting period variant so on.
Which of them is true Fiscal year has been defined by means of separating Bussiness transactions into different periods, Spl posting periods are used for year end closing and contains 16 periods. Fiscal yr variant defines amount of periods and their start and end dates. Fiscal year variant is assigned to Chart of accounts.
Which is an independent fiscal year? Fiscal yr which uses the same number of periods each time and their start and end dates are same. Fiscal yr variant that has different number of periods each time and their start and end dates are not same. Variant in which posting periods are equal to the total months in the year. Varint which is different from all the Variants.
Check the correct statements pertaining to the currencies. The currency code identifies each currecny used in r/3. You have to define all the worlds currency into r/3. Exchange rate type distingueshes the Exchange rates to be considered for various purpose such as Valuation, translation and Planning. All the options.
Check the correct statement regarding the currencies rates in r/3. Base currency can be assigned to the Exchange rate type. Base currency is used with the average rates Spread sheet are used with Buying and selling rates Base currency is used with the Buying and selling rates.
Select the correct statement for direct quatatio in Currecy valuation. Can be called as a price Notation. Expressed in the units of foriegn currency in the units of local currecy. prefix indicator rate is "/". All options.
Select the correct statement for indirect quatation. Volume Notation local currency per unit to the foriegn currency There is no pre fix to differenciate with direct quatation. All options.
What can we define in chart of accounts customizing transaction. Descreption Maintain language Legth of GL account Blocking / Unblocking of Chart of account Controlling data related to creation of Cost element.
Select the wrong statements pertaining to Chart of accounts. Contains only Company code, account number and Field status group. when ever we need to enter the infromation related to company code, chart of account data also to be entered. Search criteria is based on the keywords. Text can be displayed using account assignment manual (RFSKTH00).
For P&L account the balance carried forward to the same account. True False.
a. Fields which are ____________________ can be ________________ b. Fields which have an entry that _________________ can be set to ______________ only (even in the change mode) For option a - Used / Supressed; Must be change/display for option b For option a - Not used / Supressed; Must be changed / display of option b For option a - Not used / optional; Should not be changed /supressed for option b For option a - used /optional; should not be changed / supressed for option b For optional a -used / optional; must be changed / display for option b.
a. Fields which______________can be made______________ b. Fields that can be entered, but are not required, can be set to __________ entry. For a - Must not have an entry /optional; For b - Supressed For a - Must have an entry / supressed; For b - supressed For a - Must have an entry / optional; For b - supressed For a - Must hava an entry / required; For b - optional For a - Must not have an entry/required; For b - optional.
Choose the correct statement form the below given list Reconcillation accounts are general ledger accounts assigned to Bussiness partner master record to record transaction related to sub -ledger. For Accounts without line item display, the data is stored in the special index table. The account currency must be in the local currency. Items with open item management should have an off-setting entry to clear the balance.
Choose the correct statement pertaining to without line item display The system uses additional resourse for the items to be diplayed with line item display. Reconcillation accounts Material Stock accounts Revenue accounts P& L accounts.
Choose the correct statement from the following. Accounts with open item management must have line item display activated. We can activate / deactivate open item management for Zero balance accounts. We can activate / de activate open item management for accounts without Zero balance. We can use local and foriegn currecies as the account currency. When using "only balances in the local currecny" indicator the transaction figures are not updated in any other currecny apart from the local currency.
The "only balance in local curreccy" indicator must not be set in the reconcillation accounts for Customer and vendor. True False.
"only balances in the local currency" indicator is set to in the balance sheet accounts that are not managed in foriegn currency and not managed with open item basis. True False.
Disadvantages of using Group Chart of account. Changes to the Existing GL account will have an extensive consequenses. As the accounts managed with local currency can be posted to local currency only. We cannot carry out cross-compay controlling transactions. Group Chart of account must be assigned to the operational chart of account. Goup chart of account number needs to be entered each time in the operational chart of account.
Choose the wrong statement for the given below list. We cannot use county specific chart of accounts if we desire to use cross company controlling. The disadvantage of using country chart of account is that accounting clerck who is familiar with the country chart of accounts first have to get used to the operational chart of accounts. Reconcillation accounts are updated on daily basis. All the options.
what charecterstics are configured as standard for Customer & Vendor master records ? Open item management Line item display Co-Code Currency Purchase organisation.
Choose the correct statement for the given below list. Customer / Vendor number ranges can overlap. One time - customer /vendor is the one to which the company rarely does the Bussiness Account Group controls the Fields of master record. For an account having an open item with alternative payer, the amount is cleared by alternative payer. One number range can be assigned to only one Account Group.
Choose the correct option. User can assign the document nunbers Externally or the system can assign Internally. A Bussiness transaction creates only one doucment. Number ranges for the document are difined by the Number ranges assigned to the Document type. Document type defines whether Invoices can be posted with net procedure.
What do the posting key specify? Whether a line item is connected to a Payment transaction or not? Whether the posting is sales relevant and the figures of the transactions are updated. Line item should contain credit or debit values. Whethere the line items are valid for a Bussiness transactions. Whether the accounts are allowed for postings.
Choose the correct option. Posting period variant is assigned to the company code to control the posting periods. + Symbol represents valid for all accounts in the Posting period varinat. The account interval in the posting period variant can consists of all GL and Customer / Vendor / AA accounts. Maximum amount are defined in the Tolerance groups. It is not possible to assign tolarence groups to user ID.
What fields of the document header can be chaged after the document is posted? Fiscal Year Refernce number Text Feild Header Text Posting Date.
About the change control, what conditions below are applicable. The posting period is already closed. Line item is yet to be cleared. The document is a credit memo for Invoice. The doucment is not a down payment for the Invoice. The line item is either debit / credit in customer account and credit in vendor account.
What is the purpose of Terms of payment? Calculate tax discount and Invoice due date. Calculate the tax amount Enable cross company code transaction. Define the baseline date. Calculate the required conditions fo SD invoices.
Account balance interent calculation is applied to the entire balance of a GL or Customer and vendor account using a specific interest rate over a specified period of time. True False.
Interest on arreas(Item interest calculation) is applied to individual items in accounts receivables or accounts payable. Certian interest rate is applied to those items that are still open or unpaid at a specified date. True False.
Account master data must contain an iterest calcualtion indicator for interest calcualtion indicator for interest calculation to take place. True False.
Ona given account, the SAP system cannot charge different interest rates based on the dollar amounts of balances or items. False True.
We can configure the SAP system to calcualte interest for customer or vendors that owe your money. we cannot calcualte interest, however, if you owe to the Bussiness partner. Fale True.
What information is required to create a new interest calculation indicator? A Two charecter interest indicator Interest calculation Type A Name of the interest calcualtion indicator is useful but not mandatory. Posting key Rules Account determination.
Select the correct options related to Interest calculation configuration. Interest calculation indicator General Terms Time-base Terms Interest rates Account determination.
Interest calculation type define basic parameters used to calcualte the interest. True False.
To calcualte interest for an account (GL, Customer, Vendor) the master data for this account must contain the appropriate interest calculation indicator. True False.
General terms specify Financial parameters for each interest calcualtion indicator. True False.
Time-Based terms set Validity dates and relationship to interest rates. True False.
Account determination estabilshes the accounts to which the result of an interest calcualtion are posted. True False.
Each Interest calculation indicator must be assigned to an interest calculation type and henc the basic parameters are inherited to the Interest calculation indicator. True False.
The system requires a seperate interest calculation indicator for each combination of interest calcualtion frequency, Calander type, Currency, interest rate, and so on. True False.
List the major parameters for interest calculation. Interest calculation indicator. Interest calculation frequency Settlement day Calender Type Other settings.
Interest calcualtion indicator specifies a particular set of interest terms. True False.
Interest calcualation in the interest cal indicator determines how often interest is calcualted. True False.
Settelment day in the interest calculation indicator sets the day of the month that interest is calculated on. True False.
Calander Type in the interest indicator specifies interest calculation base: 30/360, 30/365, actual/360, actual/365 True False.
Example of General Terms related to interest calcuation indicator. Calander Type Maiximum / Minimum limits on interest postings Blocks on outgoing payments Payment Terms Forms.
Parameters of the Time dependent terms in interest calculation indicator. Reference Interest rates used in the interest calculation Premium value above the reference rate.
The "Amount from" field specifies that the rates apply only to balance above certian currency amount. True False.
Example of Bussiness Transactions used in Interest calculation procedure. 1000 - Interest earned postings 2000 - Interest paid postings 1010 - Minus debit interest date in the past. Separate negative postings of a period. 2010 - Credit minus interest date in the past . Interest was already calculated. 2020 - Plus credit interest date in the past. Interest was already calculated. 1020 - Plus debit interst rate in the past. seperate negative postings of a period. 1030 - Interest calculation period, Debit interest seperate postings for selected periods. 2030 - Interest calculation period credit interest.
Using Item interest calculation (Interest on arreas): Calculate interest on cleared items only and post the interest. Calculate interest on open and cleared items and post the interest. Calculate interest on open and / or cleared items without posting the interest. None of the option is correct.
We can calculate interest and not mandatory to post. True False.
We can limit the number of accounts included in the interest calculation by entering intervals or individual values for - Chart of accounts Account number Company Code Interest calculatio indicator Bussiness Area.
Only Accouns with an interest calculation indicator in the master record and that are managed with line item display are considered for interest calculation. True False.
We need to set the " Post interest settlements indicator so that the interest is posted automatically. True False.
The different ways of saving documents without preforming "Proper" financial accounting posting. HOLDING documents PARKING documents Recurring doucments Special GL documents.
Held documets can be completed and posted or deleted at a later point of time. There is a risk of forgetting held documents and therefore not posting them completely. True False.
With Hold documents, data which has been entered can be saved temporarily in order to continue the entries at a later time. True False.
Hold documents do not have to be completed and no account balances are updated and the data of the documet is not available for evaluation. No document number is assigned. True False.
When parking a document the system asigns a document number via doucment type in the same way as with normal financial accounting postings. The user must pass on the number if it has been assigned externally. True False.
The data of parked document is available to the system for real time evalueations. In this way amounts from parked documents can be used for example for advance return for tax on sales /purchases. True False.
Substitutions are not supported by the document parking features. Substitutions can only be made with posting transactions agter turning parked doucments into accounting documents. True False.
The parked document functions are more effective than the Hold document functions. Eg. Dual control. True False.
Cross Company code transations can be parked. Only one parking document is created in the initial Company code for such transactions True False.
Transaction figures are updated for parked document. False True.
We can park documents for Customer / Vendors and Gl accounts. True False.
Changes can be made as often as required, Multiple changes are also possible in Parked document. True False.
List out the things that can be chaged for a parked doucment. Dates Amounts Accounts Account assignment objects Currency Doucment Type Document Number Company code.
List out the fields that cannot be changed for a parked doucment. Currency Document Type Document number Company code.
Parked doucument can be delete and the document number can reused. False True.
International Bank account number (IBAN) is an internationally recognized and unique number that idetifies a specific bank account. True False.
IBAN is designed by the International Organisation for standardization(ISO) and European Commitee for banking standards (ECBS). True False.
IBAN consits of 34 Alpahnumeric charecters and is structured differently in every country. It usually contians Bank key, Country code and account number. True False.
If a custome is also a vendor, or vice versa, the payment and the dunning program can clear the open items against each other. True False.
To clear the open items against each other, the following steps are required. The vendor account number must be entered in the customer account, the customer account number must be entered in the vendor account. Each company code can decide separately whether it wants to clear open items. if clearing is to be used, we have to select the clearing with vendor field in the customer account, or the corresponding field in the vendor account.
At client and company code level, we can enter an alternative payer/payee. the entry in the company code segment has higher priority than the entry at client level. True False.
every document is uniquely identified by the following fields. document number, Company code and fiscal year. Document Type, Document number and reference text Document date, Document number, document Type Document date, document type, Fiscal year.
Two important controls of document. Document Type Posting dkeys Account Group Field status group.
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