SAP FI Master Data Model test 8

Which is the following true?. The chart of accounts is a variant which contains the structure and the basic information about general ledger accounts. You define the chart of accounts with a ffive character ID.

Which are the following true?. The chart of accounts is a variant which contains the structure and the basic information about general ledger accounts. You define the chart of accounts with a four character ID. You define the individual components of the chart of account, for example, language, length of the G/L account number, group chart of accounts, status. The chart of accounts must be assigned to every company for which accounts are to be set up based on the structure concerned.

The length of the G/L account numbers can be from 1 to 10 digits. True. False.

You can assign a group account number for each G/L account. True. False.

If you enter a group chart of accounts in the chart of accounts, the system defines that you have to enter a group account number in the corresponding field in the G/L account definition (required entry field). True. False.

A chart of accounts that is not yet completed can be blocked so that no company code can use it until it is ready. True. False.

You can get a directory of the G/L accounts in your chart of accounts for information or for documentation purposes via report RFSVPL00. False. True.

One chart ofaccounts can be assigned to several company codes. variant principle. Document principle.

If company codes intend to use cross-company code controlling, they must use the same chart of accounts. True. False.

You can use report RFSKVZ00 to view the G/L account directory with chart of account- and Chart of accounts-specific data. True. False.

A chart of accounts segment contains: Account number. Name of the account (as short and as long text). Control fields (see the following graphics). Consolidation fields. Account currency.

The information entered in the chart of account segment for a G/L account applies to all company code. True. False.

Texts entered for the chart of accounts segment are managed by text ID and language. You can display texts using the report ?Account Assignment manual? (RFSKTH00). True. False.

Tick which are true?. In respect of COA definition,the company code segment contains information that refers exclusively to the company code concerned. company code segment is added to the chart of accounts segment, and together they form. The company code segment for the same G/L account can be different depending on the requirements of the company code. Every company code that wants to use an account from the assigned chart ofaccounts has to create its own chart of accounts segment.

You define the information that is relevant to each company code in respect of COA creation . Currency. Taxes. Reconciliation account. Shortkey. Field status group. House bank. Interest calculation information.

In the chart of accounts segment, you have to specify whether the account is a balance sheet or a profit and loss statement account. True. False.

In the closing procedure. For balance sheet accounts, the balance is carried forward to the retained earnings. For profit and loss statement accounts, the balance is carried forward to same account. and the profit and loss statement account is set to zero. Both false.

In Customizing, users define the retained earnings account that is assigned to expense accounts during G/L account master record creation. Yes. No.

GL accounts group control. state trues only. The number range of the accounts. The field status of the fields in the company code segment of the master records. Document entry field.

Number intervals for G/L account master records cannot overlap. True. false.

The field status enables you to control the display and maintenance of an account's master data. which are true?. You can assign fields that you do not use the status Hide. Fields whose values must not be changed can have the status Display (even in change mode). Forfieldswhere you must enter a value, you can define the status Required Entry. Fields that can contain an entry, but are not required, can be set to Optional Entry.

The fields ?Account Currency? and ?Field Status Group? are always required fields.Later you can change this status whenever you want. False. True.

Fields that are hidden may still contain values that are taken into consideration. True. False.

A G/L account consist of which segments. Chart of accounts segment. Company code segment.

For each field, the field status definitions from the account group and the transaction are taken into consideration and the one with higher priority is used. match the priorities. Hide. Display. Optional entry. Required entry.

Reconciliation accounts are general ledger accounts assigned to the business partner master records to record all transactions in the sub-ledger. True. False.

You define a G/L-account as a reconciliation account by entering one of the following account types in the field Reconciliation Account for Account Type: D for Accounts Receivable. K for Accounts Payable.

The ?Line Item Display? field is a control field in the company code segment of an account. Yes. No.

You should not activate the line item display for: Reconciliation accounts. Revenue accounts. Material stock accounts. Tax accounts. Clearing accounts.

Accounts with open item management must have line item display activated. True. False.

You should use open item management for the following accounts: Bank clearing accounts. Clearing accounts for goods receipt/invoice receipt. Salary clearing accounts. Tax accounts.

You can activate or deactivate open item management of an account any time. False. True.

If the account currency is the local currency, the account can be posted to in any currency. True. false.

If the "Only Balances in Local Currency" checkbox is set in the master data record, transaction figures are only managed for amounts converted to the local currency. True. False.

Only Balances in Local Currency, which are true?. The indicator must be set in cash discount and GR/IR clearing accounts. It must not be set in reconciliation accounts for customers or vendors. The indicator is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on an open item basis.

Accounts with a foreign currency as the account currency can only be posted to in this foreign currency. True. False.

Say which one is false?. Agroup chart of accounts can be used. This group chart of accounts must contain all of the group accounts. You must enter the group account number in the chart of accounts segment of the operational account. Different accounts of one operational chart of accounts can refer to the same group account. A financial statement version for the group chart of accounts is optional. The group chart of accounts must be assigned to each operational chart of accounts. After you have done this, the 'Group Account Number' field in the chart of account segments of the operational charts of accounts becomes a required entry field.

Because the company codes use different operational charts of accounts, you cannot carry out cross-company code controlling. True. False.

An alternative to using a group chart of accounts is to use a country chart of accounts. True. False.

Since all company codes use the same operational chart of accounts for postings, you can carry out cross-company code controlling. True. false. Statement is satisfied if the compant codes use countey specific chart of account.

The reconciliation accounts are updated realtime. True. False.

You can always display the line items of a G/L account. False. True.

You cannot define a G/L account with open item management without selecting the ?Line item display? option. true. False.

Just like general ledger accounts, customer and vendor accounts also have two segments: One segment at client level, that contains general data. A segment at company code level, that contains company code-specific data. Chart of accounts segment.

Using reports RFBIDE10/RFBIKR10, you can transfer customer/vendor master data maintained in a source company code into another company code. True. False.

A complete customer account consists of the following three segments: General data at the client level. Company code segment. Sales area segment. purchasing organization segmen.

A complete vendor account consists of the following three segments: General data at the client level. Company code segment. Purchasing organization segment. sales area segment.

Which one is true?. As for customer master records, vendor master records can be maintained centrally for all areas or separately for Financial Accounting and Materials Management. As for customer master records, vendor master records can be maintained centrally for all areas only. As for customer master records, vendor master records can be maintained separately for Financial Accounting and Materials Management.

You can prevent the creation of duplicate master accounts as follows. Use the matchcode before you create a new account. Activate the automatic duplication check.

Pages of the Customer/Vendor Account,Important fields are: Search terms. Corporate Group. Accounting clerk. address.

Line item display and open item management are not configured as standard for every customer/vendor account. False. True.

IBANs were designed by. The ISO (International Organization for Standardization). ECBS (European Committee for Banking Standards. IFRS.

Which are true about IBAN. Contains maximum of 34 characters. Contains the country code, bank key, and account number. The IBAN stands for 'International Bank Account Number'. You can enter an IBAN as part of the bank details for General accounts master data.

The IBAN can only be entered in a vendor or customer master record if the business partner provides his or her IBAN and requests the entry. For this reason, you cannot automatically generate and save the IBANs for several master records. True. False.

The customer/vendor account groups comtrol. The accounts number range. The field status of the master records. If the account is one time customer/vendor. Field status of the document entry.

you can change the account group of customer/vendors account group any time. True. False.

There are separate number ranges for customer and vendor accounts. The range of possible account numbers is divided into smaller number ranges. Number ranges must not overlap. True. False.

You enter the customer-/vendor-specific data for one-time customers/vendors in the document during posting. True. False.

The layout of customer/vendor master data screens can be affected by several factors: Account group-specific control. Transaction-specific control. Company code-specific control. Field-specific control.

Dual control principle:The confirmation for the changes can be made for a single customer/vendor or you can get a list. This list can be restricted by: Customer/vendor. Company Code. Accounts not yet confirmed. Accounts rejected. Accounts to be confirmed by me. You can display the customer or vendor master record for all accounts using reports RFDABL00 or RFKABL00.

Say True of the following statement om Customer/Vendor Clearing. If a customer is also a vendor, or vice versa, the payment and the dunning program can clear open items against each other. You have to enter the vendor account number in the customer account, or vice versa. Each company code can decide separately whether it wants to clear open items between customers and vendors. If clearing is to be used, you have to select the field "Clearing with Vendor" in the customer account or the corresponding field in the vendor account.

At the client and company code level, you can enter an alternative payer/payee. The entry in the company code segment has higher priority than the entry at client level. True. False.

The customer/vendor accounts must always be maintained centrally. True. False.

One number range can only be assigned to one account group. True. False.

.................number assignment means that the mySAP ERP system assigns the number automatically. Internal. external.

General ledger accounts have 1 number assignment; customer and vendor master records can have 2 or 3 number assignment. External. Internal.