SAP FI TFIN50_2(Unit 1 & 2)

select the options that the overview of the payment process contains. Invoices are entered. Open invoices are analysed for due date. Invioces due for payment are reviewed. Invoices are paid. payments are approved and modified.

The payment program has been developed for both ------------- and ------------------------ payment transactions with vendors and customers, and handles both outgoing and incoming payments.

The payment process consists: Maintain parameters. Generate a payment proposal. Edit payment proposal. Schedule payment run. print payment media.

Steps for payment program configuration. All company codes. Paying company code. Payment method per country. Payment method for company code. House banks. Bank determination.

If company code A is making payments on behalf of another company code B, then B is the called. Paying company code. Sending company code.

The -------------------- is the company code that is responsible for processing the outgoing payments. Paying company code. Sending company code.

This ----------1------------------records the bank postings. The------2-------------- records the subledger postings. 1.paying comapny code 2.sending company code. 1.sending company code 2.paying company code.

Which of the following are true. The tolerance days postpone the payment of some due items until the next payment run, while still receiving the appropriate discounts. Vendor/Customer Sp. G/L Transactions to be paid specifies which special general ledger transactions can be processed with the payment program. If activated or not, Payment Method Supplements allow you to print and sort payments. Payment method supplement comprising two characters that can be assigned to customer/vendor master records.

According to the Configuration step "Paying company code".which of the following are true. Users define the minimum amounts for payment and the forms that will be used for each paying company code. Users define how many bills of exchange are created for each account during the payment run for the bill of exchange payment method. In the ?sender? screen, users can define any company code dependent-standard texts to the payment forms. Users control which open items for the bill of exchange payment method are to be considered during the payment run using the due date specifications.

For each individual company code,define..... Minimum amounts incoming and outing payments. forms for payment advice and EDI. Bills of exchange specifications.

For each country,define. Methods of payments:check,bank transfer etc. create check,bank transfer etc. Master record requirements. document types for posting. permitted currencies.

If a particular payment method has certain master record requirements, that is, the address is required, invoices will not be paid with this payment method unless the requirements are met. True. False.

On the permitted currencies screen, enter any currency that the payment method is limited to. If there are no entries on this screen, the payment method is valid for all currencies. True. False.

For each payment method for company code we have to define. Bank optimization. Forms for payment media. grouping options. Minimum and maximum payment amts. whether payemnts are abroad or foreign currencies are allowed.

if bank optimization is used. When selected, the payment program will try to pay from a bank within the same clearing house system (ACH). True. False.

if postal code optimization is used.the payment program looks to make payment from the bank not based on the customer/vendor?s city of residence. True. False.

The components that are taken into consideration when selecting the paying house bank. Ranking order. Amounts. Accounts. Charges. Value date.

For each combination of house bank and payment method,we define the following. The offset account to the subledger account. clearing accounts for bills of exchange. Available funds in each bank.

The --------------------- screen lists the house banks and the amount of funds available at each bank.

The out going payment amount field is not updated automatically after each payment run. True. false.

The Value date is used. Used with cash management and forecast. The number of days until the value date plus the posting date.

For incoming payments, the system adds the bank charges from the clearing amount. For outgoing payments, it subtracts the charges to the clearing amount. True. False.

The Relevant to cash flow indicator must be set in the master record of accounts that record bank charges. True. False.

Every payment program run is identified by two fields.

All documents that were entered up to ----------------------- date are included in the payment run. posting date. docs entered upto date. Run date.

In the proposal run, the program selects documents and accounts with items that are pending payment. True. False.

Once the proposal run is completed, the system generates two reports:

The payment proposal shows. A list of business partners with amounts that they have to pay/due. it is generated based on specified parameters. takes terms of payments and discounts into account. Users can drill down several times to view and change the details of the individual payment items.

Possible reasons for Exception List: Invoice is blocked. Invalid data in master data. invalid payment method. Invalid house bank. Credit balance check. Not enough money in house bank.

Invoices that match the specified payment parameters but, for some reason, cannot be paid are listed in the. Additional log. Exception list. proposal list. error list.

If users select the -----------------, the list shows why the invoice cannot be paid.

Payment items can be blocked temporarily in the payment proposal by manually assiging the payment block. True. False.

Some countries require that the payment documents are not posted before the actual settlement, that is, not before the payment appears on the bank statement. In the payment method definitions of these countries, you can set the ------------------ to achieve this. generate payment proposal only. generate payment order only.

Which of the following are true according to the BANK SUB ACCOUNTS. It is advisable to use bank subaccounts for posting incoming and outgoing payments. The subaccounts contain all incoming and outgoing payments until the money is actually debited from/credited to the bank account (value date). The bank subaccounts have to be assigned to the payment methods when the bank selection settings are configured. You can differentiate between bank subaccounts by specifying a house bank and currency. Subaccounts are not managed on an open item basis and with line item display.

The value date of the clearing document is calculated by adding the days to value date to the posting date. True. False.

The days to value date depend on the. Payment method. Bank. Account. Currency. Account limit.

The print run starts the print programs, which do the?. Transfer the payment media, payment advice notes, and the payment summary to print administration. Transfer the DME payment data to DME administration. Create intermediate documents for selected payments, which can be forwarded to the EDI subsystem.

A print program is assigned to each payment method for each country when it is configured. True. False.

In the configuration settings for the payment program, you have to assign --------------------------- either to the paying company code or to each payment method for each company code. payment media forms. program variant.

The first print program run by the payment program is the print program ---------------.

-------------------------------- can be sent either by mail or by EDI, depending on whether the customer/vendor can receive EDI messages.

With ---------------------------, a file is created that contains all the relevant payment information in accordance with the banking rules of the country in question. Data Medium Exchange. peyment media forms. print program varaint.

According DME which of the following are true. The DME file is stored in Data Medium Administration and can be downloaded to a data medium. The data medium and the DME accompanying note are then sent to the bank. DME can usually be used with all payment methods in which the payment medium is handed to the bank for further processing. It can be used with payment methods where the payment medium is sent to the customer/vendor, e.g. check. To use DME for a specific payment method, all you have to do is select the Data Medium Exchange field in the variant. To generate separate DME files for each house bank, you have to enter a variant for each house bank.

The program for printing checks is RFFO ?xx?_?y?, where ?xx? usually stands for the country and ?y? contains additional definitions for the form. True. False.

which of the following programs suit which methods. RFFOAT_L. RFFOD__S. RFFOD__T. RFFOES_T. RFFOUS_C.

In the -------- --------- ------------ configuration screen, you can define the print program for each payment method.

The print program: Assigns check numbers to payment documents. Updates the payment documents and original invoice documents with the check information. Prints checks and accompanying documents.

In addition to creating payment media using the standard payment media print programs RFFO*, you can also create them using the ---------- ---------- ------------.

In the Payment Medium Workbench, payment advice notes are created with the new program ------------------------.

you can use the standard payment media programs RFFO* and the new PMW payment media formats in the same system, and even in the same payment run. True. False.

Sequence the steps of converting the payment media prg into PMW. 1. 2. 3. 4. 5. 6.

The payment program SAPFPAYM and advice note program RFFOAVIS_FPAYM are launched based on the data generated by the payment program. True. False.

Which of the following are true according to the PMW. The granularity is specified in the definition of the payment medium format and determines how the payment media are to be output separately in payment groups. A payment group usually corresponds to one payment file. If Company Code and House Bank are selected as the level of detail, a payment group is created for each combination of company code and house bank. The program RFFOAVIS_FPAYM generates all the required advice notes and the zero balance notices. This SAPFPAYM generates the payment media for the PMW payment methods, the accompanying sheets for the payment media, an error log, and the payment summary.

The debit balance check is carried out with the program -------------.

Which of the following are true according to the DEBIT BALANCE CHECK. The debit balance check can be carried out after a payment proposal has been created. The check offsets all the due debit items without an incoming payment method against the proposed payments. If the resulting debit balance or credit balance is less than the minimum payment amount, the payments are added to the exception list and the account is placed on a list of blocked accounts. The relevant accounts remain blocked even if the payment proposal is then deleted.

Which of the following are true according to the SCHEDULE MANAGER. You can use the Schedule Manager to automate periodically recurring activities,for example. The task list is not the key element in the Schedule Manager. You can define four different types of tasks in the task plan: Program with variant,notes, transaction, process definition. You can use the Schedule Manager and program scheduling functions for your payment processes.