SAP FINANCIALS 4

Which of them are true. Open items are incomplete transactions, such as invoices that have not been paid. "Posting with clearing" function can be carried out for several accounts, account types and for any currency simultaneously. You can only carry out the "posting with clearing" transaction manually. Items with withholding tax can be cleared for the automatic clearing program. Documents with open items can be archived.

What are the three types of tolerances in the FI component of the R/3 system. Company Code Groups, Employee tolerance groups and Customer/Vendor tolerance groups. Company Code Groups, G/L Account tolerance groups and Customer/Vendor tolerance groups. Employee tolerance groups, G/L Account tolerance groups and Customer/Vendor tolerance groups. Employee tolerance groups, Assets tolerance groups and Customer/Vendor tolerance groups. Employee tolerance groups, Material Stock tolerance groups and Customer/Vendor tolerance groups.

When the payment has been posted as a partial payment, all the documents reamain in the account as open items. True. False.

When the payment has been posted as a residual payment, only the residual value remains in the account and the original document and the payment are cleared. True. False.

The system doesn't post the exchange rates differences as realized gains or losses. True. False.

G/L accounts must be defined for exchange rate losses or gains. True. False.

Realized exchange rate difference is the considered rate when an open item is cleared. True. False.

Which of them are valid business transaction types for cash journal. Expense. Revenue. Cash transfer. Customer Incoming/Outgoing payments. Vendor Incoming/Outgoing payments.

What are the four steps of the automatic payment process. Select open invoices, approve and/or modify payments, post payment documents and print payment media. Maintain parameters, generate proposal run, start payment run and schedule print. Approve and/or modify payments, generate proposal run, start payment run and schedule print. Maintain parameters, start payment run, post payment documents and schedule print. Select open invoices, maintain parameters, post payment documents and start payment run.

What can we define for the "All Company Codes" section, in the payment program configuration. Intercompany payment relationships. The company code(s) that process payments. Cash discount. Tolerances days for payments. The customer and vendor transactions to be processed.

What is a sending company code. It is a company code that is responsible for processing the outgoing payments. It is a company code that passes the responsibility for processing the outgoing payments to another company code. It is a company code that sends only planned data to the receiver company code. It is a company code that receives only actual data from the receiver company code. It is a company code that has many plants.

What can we define for the "Paying Company Codes" section, in the payment program configuration. Intercompany payment relationships. Minimum amounts for incoming and outgoing payments. Forms for payment advice and EDI. Bill of exchange specifications. Tolerances days for payments.

What can we define for the "Payment Method / Country" section, in the payment program configuration. Define payment methods (check, bank transfer, etc.) for each country. Define the master record requirements, i.e. address required, for each payment method. Forms for payment advice and EDI. Document types to be used for posting and clearing documents for each payment method. Define the permitted currencies for each payment method.

What can we define for the "Payment Method / Company Code" section, in the payment program configuration. Minimum and maximum payment amounts. Whether payments abroad and foreign currencies are allowed. Grouping options. Bank optimization. Forms for payment media.

What can we define for the "Bank selection" section, ranking order, in the payment program configuration. Minimum and maximum payment amounts. Which house bank should be considered for payment first, second, third, etc. Currencies. Bank optimization. Bill of exchange account.

What can we say about "Bank selection" section, value date field, in the payment program configuration. Used with cash management and forecast. Used with the Currencies. The offset account to the sub ledger posting. The number of days until value date plus the posting date. Define the permitted currencies for each payment method.

What can we define for "Bank selection" section, accounts and amounts, in the payment program configuration. Used with cash management and forecast. Used with the Currencies. The offset account to the sub ledger posting. Clearing accounts for bills of exchange. Available funds in each bank.

What can we say about "Bank selection" section, charges, in the payment program configuration. Assess additional bank charges for incoming and outgoing payments. Used with bills of exchange. Additional automatic posting configuration. The number of days until value date plus the posting date. Define the permitted currencies for each payment method.

Which of the following options is correct?. Invoices tha match the specified payment parameters but, for some reason, cannot be paid are listed in the exception list. In the proposal run, payments and related postings such as those for tax, tax adjustments, exchange rate differences or cash discount are posted automatically. The payment block can be in: Payment term, Vendor/Customer master data and Invoices. DME means Document Medium Exchange.

If you are using check management, you have to use check lots to print checks. True. False.

All the company codes in the payment run parameters must be in the same country. True. False.

A payment method can be used only if it is entered in the account master record. True. Fale.

The payment proposal can be edited, deleted and recreated as often as necessary. True. False.

The exception list is part of the payment proposal. True. False.

Which of the following options is correct?. The debit balance check can be carried out after a payment proposal has been created. You cannot schedule an automatic payment program. When using the Payment Medium Workbench (PMW), the note to payee can be freely defined in Customizing.

About the dunning program configuration, what controls how dunning is carried out. Company Code. Customer master record. Dunning procedure. Dunning texts. Sales Organization.

What of the following options we can define for each Duning Procedure, in the dunning program configuration. Grace periods per line item. Key for the dunning procedure to be used. Currencies. Interest calculator indicator for calculation of dunning interest. Bill of exchange account.

What of the following options we can define for each Duning Levels, in the dunning program configuration. Minimum number of days, referring to the due date of net payment, to reach a certain dunning level. Key for the dunning procedure to be used. If interest is to be calculated. Interest calculator indicator for calculation of dunning interest. Print parameters.

What of the following options we can define for Expenses/Charges, in the dunning program configuration. A minimum amount for the dunning charges can be set. Key for the dunning procedure to be used. If interest is to be calculated. Dunning charges, depending on the dunning level. Print parameters.

Customers without dunning procedure in the master record are dunned with a default dunning procedure. True. False.

If dunning areas are not used, dunning is performed at the company code level. True. False.

It is possible to dun vendors as well as customers. True. False.

The "run date" is always the date when a certain dunning run is supposed to be started. True. False.

The parameters specify the accounts and documents that are to be considered in the dunning run. True. False.

The payment terms of a credit memo usually do not apply, and the due date is either the due date of the associated invoice or the baseline date of the document. True. False.

Every dunning procedure must have at least four dunning levels. True. False.

An account is only dunned if all the overdue items have exceeded the minimum days in arrears. True. False.

The dunning run updates the dunning data in the dunned items and accounts. True. False.

A dunning notice is only sent if the dunning data has changed since the last dunning run or if "Always dun?" is selected. True. False.

After the dunning proposal has been created, changes to the dunning data in items or master records are ignored in the current dunning run. True. False.

The dunning proposal can be edited, deleted and recreated as often as required. True. False.

One dunning form can be used for all dunning levels and dunning areas. True. False.

The dunning text for dunning level 6 is stored in text module 616. True. False.

The last dunning level is equal to the legal dunning procedure. True. False.

Consider the following statement about Correspondence:A _____<1>_____ represents a type of letter in the system. Each ____<1>___ has a corresponding ____<2>___. Each ____<2>____ has a selection variant. Each ___<3>_____ is assigned a SAPScript form. Please choose the option that substitutes <1>, <2> and <3>, respectively: correspondence, correspondence type, print program. correspondence type, SAP Script form, print program. print program, program, correspondence type. correspondence type, print program, program. program, print program, correspondence type.

There are two types of interest calculation in SAP R/3: account balance and interest on arrears. True. False.

Account balance interest calculation is applied to individual items in accounts receivable or accounts payable. True. False.

Account master data must contain an interest calculation indicator for interest calculation to take place. True. False.

On a given account, SAP R/3 cannot calculate different interest rates based on the amounts of balances or items. True. False.

You can configure SAP R/3 to calculate interest for customers or vendors that owe you money. You cannot calculate interest, however, if you owe your business partner money. True. False.

You can void a check without reversing the payment document. True. False.

You can void a check and reverse the payment document at the same time. True. False.

You can void a check and reverse the payment document and the vendor invoice all at the same time. True. False.

You have to maintain customer bank details manually in the master record to ensure that as many incoming payments are assigned as possible. True. False.

You can define as many financial statement versions as you need to prepare reports according to various criteria, for example, for tax authorities, for other external users and for internal purposes. True. False.