|The settings for payment program are defined in 3 places In the master record of the vendor at the time of posting invoice - Item level in the customizing for payment program.
2.The automatic payment process consists of 4 steps (User side) Parameters Start Proposal Run and Edit it Start Payment Program Schedule Print.
Select the configuration areas for the payment program All company codes Paying company codes Payment method per country Payment method per company code Bank selection House Banks.
For all company codes, we configure Inter company payment relationships company codes that process payments cash discount tolerance days for payments Customer/Vendor transactions to be processed.
If company A is making payment on behalf of another company B, than B is called sending company code. true false.
Value date = payment run posting date + days until value date. true false.
Every payment program run is identified by 2 fields Run Date Identification Parameters.
Amount field is not updated automatically after each payment run. true false.
The run date is recommended as the actual date when the program is executed. true false.
The identification field is used to differentiate between program runs that have the same run date. true false.
In the parameters, the company code in a payment run must be in the same country. true false.
In SAP checks are managed in batches or lot and are used for both manual and automatic payments true false.
Each check lot has a defined number range and is assigned to one house bank. true false.
The advantages of PMW are Uniformity format can be changed easily new formats can be created without programmer.
Six steps for conversion to PMW include a.Changeover to PMW Define PMW Format Fill note to payee according to origin Enter PMW form accompanying sheet Remove payment media form Create and assign selection variants.
Automatic Payment Run. One or more correct. Can be used for customer, vendor and GL Accounts, but for GL Accounts we have to define the payment method in GL master and not in the line items If we define payment method in the vendor master data as well as in the line item, and enter the payment of the master data in the parameter system shows the line item in exception. One payment run can be used to execute the payment of several company codes providing all of them are of same country and using same chart of account. One payment run can be used to execute the payment run of several company codes, providing all company codes are using same currency Payment program consider only those credit memo which are created with reference to invoice.
Select the correct answers. One or more correct. Document type for payment is configured per company code per payment method. If you do not specify the sending company code paying company code is the sending company code. One house bank can have several Account ID providing all have only one GL account. Account ID in the system represents the Account in the House Bank. Currency of Bank Account (Account ID) and GL account defined in the account ID should be same except in those cases where Balance only in local currency is not marked in the GL master data.
Select incorrect statement. One or more correct. We define payment method in the reconciliation account master data of customer and vendor. System default the payment method from the master data of reconciliation account in the vendor line item. If no payment method is entered, system default payment method from the vendor master data.
Select the correct statement. One or more correct. Automatic payment run can only use for standard open items. Automatic payment run can also be used for special GL transaction, if special GL indicator is maintained in the Automatic payment configuration. All types of open item selected in automatic payment program without any additional configuration. If no payment method is entered in the line item as well as in the master data of vendor, line item will not be selected in the payment program.
Payment Method Configuration. One or more correct. a.If company code X is making payment on behalf of another company code B, then B is the paying company code If company code X is making payment on behalf of another company code B, then B is the sending company code. Paying company code is the company code that is responsible for processing outgoing payment. One company code is paying on behalf of another company code; this is an example of cross company code transaction.
Select the correct statement. One or more correct. Tolerance level for maximum payment is defined in the payment program configuration. Payment method has two components one is company code setting and the other is country specific setting. If company code A belongs to India and company code B belongs to country Pakistan, and company code A pays on behalf of company code B system treats this transaction as cross company code transaction in Automatic payment program. All company code can use the payment method, which is defined in the country specific setting of payment method.
Select the incorrect statement. One or more correct. a.Users define the minimum amount for payments and form that will be used for each company code in the payment method country specific setting. If payment method is for incoming payment it is only used for customer incoming payments. Some fields of vendor and customer master data are required on the basis of setting in the payment method setting. You can restrict payment method to specific currencies.
House Bank. One or more correct. House Bank represent the branch of the bank from which your company code is dealing with. House Bank is the Bank which has a Business Transaction with your company deals. One House Bank can have several Accounts ID providing all of them are in different currencies. Account ID and Bank Keys are similar terminology used in SAP.
House Bank can be entered in: One or more correct. Customer Line items Vendor line items GL Master Vendor Master Customer Master.
Account ID can be entered in: One or more correct. GL Master Vendor Master Customer Master Vendor Line items Customer line items.
Payment method. One or more correct. Can be changed after document is posted Cannot 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.
Executing Automatic payment program. One or more correct. Automatic payment program should be executed separately for customers and vendors. In automatic payment program we can restrict the documents. In automatic payment program only check can be created if check form is assigned in the payment method company code setting. Posting date is the date when GL Account is updated.
Select the correct statement. One or more correct. In Vendor master data only one payment method can be specified at a time. Payment run select all the open items, which are due. Run dates and Document enters up to, are always same. Items can be blocked in the proposal for payment. It is advisable to use Bank sub account for payment.
Exception list contains all the open items: One or more correct. If they are block If no payment method is entered in the master data and in line item Invalid payment method No payment block indicator Credit balance in vendor account.
Check Management. One or more correct. Each House Bank has its own check number. Each Payment method has its own check number. The number status is maintained per lot. Check lot is automatically created while creating House Bank. Check lot is used for automatic payment run only.
Payment Medium Workbench. One or more correct. Before PMW it is easy to maintain the program used in payment media. PMW facilitates uniformity. PMW facilitates for select vendor open items during automatic payment run. In PMW format can easily be changed with making modification. New format can be created with little programming experience.
Debit Balance Check. One or more correct. Vendor who has a debit balance, all of his line items always shown in the exception list. Debit Balance check is required if Vendor has a debit balance. We can change the debit balance check. Debit balance check can be maintained in the Vendor line items. Debit balance check can be carried out after payment run. Debit balance check is carried out after payment proposal.
Select correct answers. One or more correct. We can automate the payment process. If vendor is also your customer payment is always been made with net amount in automatic payment run. If vendor is also your customer separate incoming and outgoing payment is recorded for customer and vendor. You can automate payment process through solution manager. You can automate payment process through schedule manager.
Dunning Run. One or more correct. Dunning can be done for vendor as well as customer. Dunning can be done for vendor if he has a credit balance. Dunning can be done for customer if he has a credit balance. Parameters of an old dunning run can be referenced. Dunning proposal can be edited, deleted, and recreated.
Dunning run configuration. One or more correct. Dunning procedure control how dunning is carried out. Dunning procedure is configured at client level. For one time account special configuration needs to be maintained in dunning procedure. Dunning programs not used for one time account. Dunning procedure can process standard and or special GL transaction.
Select the incorrect statement. One or more correct. An item whose number of days in arrears is less than or equal to the number of grace days is not considered due for this dunning notice. The grace period is the days that at least one item in account exceeds the grace period days then system selects all the open items which are due. An item whose number of days in arrears is less than or equal to the number of grace days is considered due for this dunning notice. If you want dunning interest to be calculated you have to enter dunning indicator in vendor and customer master data.
Dunning number of days in arrears is defaulted by the system true false.
For each dunning level you can specify that interest is to be calculated or not. true false.
Dunning charges are defined for each currency and depend on the dunning procedure. true false.
The dunning charges can be a fixed amount or a % of all [due] the items in the account. true false.
In the company code dunning control screen you can specify whether dunning notice are to be created separately by dunning area rather than by account for a company code. true false.
You can choose to use separate dunning notice by dunning level. true false.
Standard text has to be assigned to a company code and optionally to a dunning area. true false.
You can maintain the interest rate to be used to calculate for the interest due on credit balance. true false.
If necessary you can automatically print out the notice directly after the dunning run true false.
Every dunning run is identified by the following two fields: One or more correct. Run date Identification Document due date.
Dunning run can be divided into three steps: One or more correct. Select account Select all open items Select dun line items Dun Account.
If following dunning level are on the line items of any customer which level will be set in the customer master data. One or more correct. Level 2 Level 9 Level 7 Level 4.
All customers should have at least one dunning level in the master data. true false.
Dunning run also post cash discount directly. true false.
If dunning charges are recorded for any customer it automatically adjust customer open items. true false.
Following items are not selected in the dunning run. One or more correct. If incoming method is maintained in the line item. If payment block indicator is set in the line item. If dunning block is set in the line item. No dunning procedure is maintained in the GL master data.
Dunning proposal list and dunning proposal log show same level of information. true false.
You can print following information in automatic payment run: One or more correct. Dunning statistics. Dunning list. Dunning History. Dunning Log. All are incorrect.
Dunning print program for the dunning procedure. One or more correct. Group items to be dunned with a dunning notice according to various rules. Generate dunning notice for each group. Enter the dunning dates and level in the dunning items and accounts.
If dunning notices are to be sent to one-time customers the data is updated in: One or more correct. One time vendor account. All the items in the accounts. Only relevant item is updated. All subsequent items to be posted.
The items in a dunning notice are sorted according to various sort criteria. One or more correct. Separate dunning letter for each dunning level. Dunning Key Grouping key.
If a customer has a head office with several branch offices, items are posted to the central account this is called decentralized processing. true false.
You can use cross company code dunning notice to combine overdue items from different company codes in dunning run. true false.
In dunning parameters we enter posting date. true false.
Periodic correspondence is triggered by specification made in the Vendor, Customer and GL master data true false.
A correspondence type. One or more correct. Represent type of form in the letter in the SAP R/3 system. Special program needs to be created to create a new correspondence type. Can be user define. You need to create a correspondence type for each type of letter you need. You can use the standard correspondence types.
You can define correspondence type to use with reason codes. true false.
If document has several line items some of the line items may have different reason codes and associated correspondence types. true false.
You can define correspondence type in user master data. true false.
Type of interest calculation. One or more correct. Account Balance interest calculation. Interest on arrears Interest on all due open items.
We can create interest calculation type which is assigned to system defined interest calculation indicator. true false.
Account balance interest calculation is applied to the entire balance of GL only. true false.
Account balance interest is applied to GL as well as to customer account. true false.
Interest on arrears is applied to individual items in accounts receivable or a account payable. true false.
Item interest calculation. One or more correct. a.Calculate interest on cleared item only and post the interest. Calculate interest on open and cleared items and post the interest. Calculate interest on open items and/or cleared items without posting the interest. Calculate interest on Balances.
Closing activities for external purpose include. One or more correct. FI-GRIR clearing account analysis. Execution of Compact journal. Period opening and closing. Receivable payable regrouping. Foreign currency valuation.
Financial Statement version. One or more correct. Shows the financial position of the company. You can define maximum of 101 financial statement versions. You always need to create the financial statement version and copy function is not recommended. FSV is defined at company code level. FSV is defined at chart of account level.
Each Financial Statement version must have the following special items. One or more correct. Assets. Liabilities. Profit. Loss. Profit and Loss result. Account not assigned. Individual line item.
Drill down reporting is a tool that enables you to analyze the GL accounts open items and financial statements. true false.
Characteristics include. One or more correct. Total Credit Balance Total Debit Balance Balance Sheet Value Company Code Business Area Chart of Account Currency.
Balance confirmation is: One or more correct. Technical organization Requirement Legal Requirement Legal and Technical organization requirement.
At the beginning of the fiscal year the balance carry forward program is carrying forward the balance of: One or more correct. GL Account Customer Account Vendor Account.
Foreign currency valuation: One or more correct. is necessary if vendor accounts contains open items in foreign currency is necessary if vendor accounts contains cleared items in foreign currency can be used for GL account balances can be used for Vendor Account open items in local currency can be used for customer open items in local and foreign currency.
Balance sheet preparation valuation indicator program SAPF100 determines whether or not open items will be updated. true false.
You maintain exchange rate table. One or more correct. At client level At company code level At chart of Account Level All of the above.
You can do value adjustment for vendor as well as customer using system standard functions. true false.
Value adjustment can be carried out through: One or more correct. Special GL transaction. Flat rate individual value adjustment program If you are using Special GL indicator it should always be E.
Regrouping of Accounts Payable/Accounts Receivable can be used if: One or more correct. Vendor or customer reconciliation account is changed. If vendor has a debit balance or customer has a credit balance. Regrouping of Accounts Receivable according to remaining life. All of the above.
Profit and Loss using the Period Accounting and Cost of Sales Accounting: One or more correct. In period accounting the sales revenue for a period and sales costs of the period are summarized. In Cost of Sales accounting, the output of a period and the total cost of this period are summarized. The operating result can be different. All of the above None of the above.
Reconciliation ledger is a function, which is used to adjust the difference between profit center accounting and controlling. true false.
Functional area can be derived from: One or more correct. Manual entry Transaction Data of CO document Master Record of Balance Sheet Account Master Record of the P&L Account Validation Substitution Master Record of CO object.
Lowest priority for derivation of Functional area is: Only one is correct. Master Record of CO object CO document Validation Balance Sheet Accounts Master Data Manual Entry.
Period opening and closing is a part of year-end activities. true false.
System calculates the balance carried forward to the old fiscal year for each balance sheet account true false.
You can have multiple retained earning accounts and if so then you need to select in the master data which P&L account has which retained earning account true false.
Accrual and Deferral is a periodic activity true false.
You can access important reports using the information system for each following area: One or more is correct. General Ledger. Accounts Receivable. Accounts Payable.
The accounts payable information system is split into reports for: One or more correct. Vendor balances. Vendor items. Master data. Payment transactions.
System variants are only displayed in the catalog and not in F4 Input Help if you select the relevant indicator. true false.
You can change the layout of lists without selecting data first and save the changed list layout in variants true false.
You can use specific selection criteria to choose line items that you want to evaluate. These selections refer to: One or more correct. The selection of line items themselves, based on their status and category. The accounts in which you want to see line items in specific company codes. Selection criteria that you can choose using search help.
If you select the work-lists available field, you can activate and deactivate the input fields for work-lists on the selection screen for each line item list. true false.
When you select items using search help, the system offers input help for the vendor line item list. One or more correct. General vendor data. Vendor country/company code. Vendor by personnel number Vendor by purchase, material, or plant reference. All of the above.
You can create a user-specific layout, which only you can use. true false.
SAP Graphics, SAP mail, and various printing functions are connected to drilldown reporting together with Microsoft Word for Windows and Microsoft Excel. true false.
A form describes the basic content and formal structure of report lists. true false.
You can choose key figures either in the form or the report. true false.
A combination of characteristics and characteristic values is generally called an object in drilldown reporting. true false.
Key figures are not just values and quantities, but also calculations involving these values and quantities with user-defined formulas. true false.
Form types: One or more correct. Single-axis form without key figure. Single-axis form with key figure. Dual-axis form with key figure.
You can call up the flowing within a drilldown report: One or more correct. Transactions. Drilldown reports. BW reports. SAP EIS report portfolio reports. General reports (ABAP, standard reports). Report Writer reports.
For documentation purposes, the balance audit trail is carried out true false.
When balance sheet carry forward program is executed, the system calculates the balance carried forward to the new balance sheet account true false.
fiscal year for each balance sheet account; and profit & loss account is closed to the retained earning true false.
The posting periods for company code are defined by the fiscal year variant true false.
The schedule manager facilitates period end closing and reflects a cross application access point for all tasks involved in closing process true false.
The schedule manager facilitates period end closing and reflects a cross application access point for all tasks involved in closing process true false.