SAP FI (Part I) - Master Data (Unit 2)

Chart of Account ID is ________ charactor. 4. 6.

The three steps to create and use a chart of accounts are : Define the chart of accounts. Define the properties of the chart of accounts. Assign the chart of accounts to company codes. Assign the chart of accounts to Company. Assign the chart of accounts to Client.

The Chart of Accounts is a variant that contains the structure and the basic information about general ledger accounts. True. False.

You define the individual components of the chart of accounts are : Language. Length. G/L account number. Group chart of accounts. Status. Currency.

The definition of a chart of accounts contains: General Information. Controlling Integration. Consolidation. Status.

The definition of a chart of accounts contains: Chart of Accounts Key. Description. Maintenance language. Lenght of the G/L account number. Manual or automatic creation of cost elements. group chart of accounts. Blocked indicator.

The maintenance language is the language in which account descriptions are maintained. True. False.

The length of the G/L account numbers can be from 1-6 digits. False. True.

The account group number is used for cross-company code reporting if the company codes use different charts of accounts. True. False.

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

A chart of account is a variant. True. False.

You use the G/L account plan to display G/L account master data and to print G/L account lists. True. False.

A chart of accounts segment contains : Account Number. Name of the account (as short and as long text). Control fields. Consolidation fields.

Texts with different information can be assigned to each chart of accounts segment. True. False.

The chart of accounts segment consists of several groups of fields : Type/Description. Keyword/translation. Infomation. Status.

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

Texts entered for the chart of accounts segment are managed by text ID and Language. True. False.

You can define and change the layout of the tab pages for the individual processing of the G/L account master data. You can define : The number of tab pages. The title of the tab pages. The field groups that you require and their position on the tab pages. You can select the layouts for central processing.

The company code segment contains information that referes exclusively to the company code concerned. This information controls the entry of accounting documents and the management of accounting data. True. False.

The Company code-segmetn consists of several groups of fields : Control data. Bank/Interest. Information. Keyword/Translation. Type/Discription.

The company code segment consits of several fields : Account control. Account management. Joint Venture. Document creation. Bank/Financial details. Interest Calculation. Information. G/L Account text.

You can set the "Tax Category" indicator for a specific company code to include taxes when income accounts are used. True. False.

You define the information that is relevant to each company code : Currency. Texes. Reconciliation account. Line iteam display. Sort key. Field status group. House bank. Interest calculation information.

Every company code has to create Company code segment. True. False.

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

You enter the Key 'X' in the field "P&L Statement Type" in the company code segment. True. False.

Account group controls : The number ranges of the accounts. The field status of the fields in the company code segment of the master record. The field status of the fields in the Chart of accounts segment of the master record.

Number intervals for G/L account master records can not overlap. True. False.

You must enter the account group in the chart of accounts segment: it controls the appearance of the company code segment of a G/L account. True. False.

SAP ERP delivers predefined account groups. True. False.

You can assign fields that you do not use the status : Hide. Display. Required Entry. Optional Entry.

Fields whose values must nto be change can have the status : Hide. Display. Required Entry. Optional entry.

Fields where you must enter value, you can define the status : Hide. Display. Required Entry. Optional Entry.

Fields that can contain an entry, but are not requied, can be set to : Hide. Display. Required. Optional.

Certain fields are grouped together and their field status is valid for the entire groups these are : Interest calculation indicator. Interest cycle. Last interest calculation key date.

The fields "Account currency" and "Field status group" are always required entry fields. True. False.

Amounts cannot be posted directly to reconciliation accounts. True. False.

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

The field "Line Iteam Display" is a control field in the Chart of accounts segment of an account. True. False.

Only the transaction figures are updated when a document is posted to this account. Accounts without "line iteam display". Accounts with "Line item display".

A accounts with "line item display' should not be activated for : Reconciliation accounts. Revenue accounts. Material stock accounts. Tax accounts. Balance sheet.

Items in accounts with Open Iteam management are specified as open or uncleared. True. False.

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

You should use open iteam managemetn for the following accounts : Bank clearing accounts. Clearing accounts for goods receipt/Invoice receipt. Salary clearing accounts.

You can not activate or deactivate open item management if the account has a zero balance. True. False.

As standard, the local currency is proposed as the account currency when you create a G/L account. True. False.

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

If the indicator "only Balances in Local Currency" is selected in the master data record, transaction figures are only managed for amounts converted into local currency. True. False.

The Indicator "without necessitating exchange rate difference postings" must not set in : Cash discount and GR/IR clearing accounts. Reconciliation accounts for customers or vendors. Balance sheet account.

Charts of accounts can be created by. Manually. Copying. Data transfer.

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

You can collectively change the following information : Chart of Accounts. Company Code. Description.

The group chart of accounts must be assigned to each operational chart of accounts. If this is done, the filed "Group account number" in the chart of account segments of the operational charts of accounts is a required entry field. True. False.

The company codes use different operational charts of accounts, no inter-company code controlling can be performed. True. False.

Company codes that have special external reporting requirments can use a Country Charts of A/c. True. False.

To use a country chart of accounts, you need to first assign a CCOA to your company code; then enter the country chart of accounts number in the company code segment of each G/L accounts. This is knows as the "Alternative a/c Number. True. False.

If all company codes post into the same operational chart of accounts, corss-company code controlling is not possible. True. False.

Segments are usually used for external reporting. True. False.

Segment is below the company code level. True. False.

A business segment is not a part of a company. True. False.

The segment is posted to automatically when the profit center is posted to. True. False.

If the profit center does not have a segment, there is no segment account assignment either. True. False.

The Segment objective is to give a detailed look at the various business activities. True. False.

Profit Center come under company code. True. False.

Document splitting provides the following options : Manual entry. BadI implementation. defining substittution rules. Standard account assignement.

Do segments have a time reference?. True. False.

Segment can assign to multiple profit centers?. True. False.

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

A complete Vendor account consists of the following three segments : General data at the client level. Company code segment. Purchase area segment. Sales area segment.

Account number of vendor and customers must have same for all company codes and sales and pruchasing organizations. True. False.

Compare master data is a function which checks for duplication of records maintained in FI vis-a -vis SD or MM views. True. False.

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

IBAN as ________ alphanumeric characters. 34. 10. 6. 18.

Different customers and vendors can have the same IBAN. True. False.

Explanatory texts can not entered in every segment. True. False.

The account group controls: The number ranges of the accounts. The status of the fields in the master record. If the account is a one time customer or vendor.

G/L account groups are at the Chart of A/c Level. True. False.

Account groups for Customer and vendors are at Company code level. True. False.

Customer and Vendor number ranges can be internal or external. True. False.

The same number range interval ID can be assigned to any number of A/c group. True. False.

The customers and Vendors number ranges must not overlap. True. False.

_______ numbers may be alphanumeric. Internal. External.

A one-time account master record does not contain any information about a specific customer/ vednor since this account is used for more than one customer/vendor. True. False.

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

The ________ is used to control the fields displayed in the master records. Account group. Field status.

Transaction code is necessary for creating Customer or Vendor. True. False.

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

The process of one person entering the field and another checksing it is called the dual control principle. "such fields are marked as "sensitive" in customizing. True. False.

If a customer is also a vendor, or vice versa, the payment and the dunning program can not clear open iteams against each other. True. False.

If clearing is to be used, you have to select the "Clearing with Vendor" field in the customer account, or the corresponding field in the vendor account. True. False.

Setting to pay payee or payer can be done at Client level or Company code level. True. False.

All items posted to a branch account are automatically transferred to the head office account. True. False.

If you sent the "account Control and Status" indicator under "additional Selections" in the report for the customer or vendor list, when you print the report, you can see the possible head offices for each of the branches. True. False.