|Which of the following statements as regards customer/vendor accounts is/are correct? The data that remains unchanged for long periods of time and that is often referred to by other data is called master data. Two important things about it are (1) the structure and (2) the relationships b/w them. It has two segments only in the financial accounting view namely general data and company code specific data, both in company code level. You can use a report to transfer customer/vendor master from one company code to another.
Identify important fields in customer/vendor accounts from the items listed below. Search term Group key Accounting clerk Explanatory text.
Which of the following statements as regards creation of customer/vendor master data is/are correct? Line item display and open item management are always preset to "on" for every customer/vendor account. You can create a new customer/vendor master records with reference to an existing one which includes information such as address. You enter the account group on the initial screen, and once customer/vendor master data is created, you can no longer change the account group. All of the above. None of the above.
Identify the factors that affects the layout of customer/vendor master data screens from the items listed below. Account group-specific control Transaction-specific control Company code dependent control Field status group control Cross-company account control.
Which of the following statements as regards controlling field status of customer/vendor accounts is/are correct? Field status definitions of account groups, the transaction, and company code are combined and the one with highest priority is used. Fields that are accessed with the display transaction are always either displayed or suppressed. If you want to always use account group control, set the field status for all fields to display entry. All of the above. None of the above.
Which of the following statements as regards International Bank Account Number (IBAN) is/are correct? It was designed by ISO and ECBS to facilitate the handling of international payment transactions. It has a maximum of 34 numeric characters. You can always automatically generate and save it for several master records in customizing. You can never enter it manually without requiring knowledge of the corresponding bank account number. You can enter it as part of the bank details for customer/vendor master data and in Customizing settings for your house bank.
Which of the following statements as regards clearing customer/vendor is/are correct? The payment and the dunning program can clear open items against each other only if customer is also a vendor, or vice versa. Open item of the assigned account cannot be displayed on the line item display but on the open item selection screen. To clear open items, the vendor account number must be entered in the customer account and vice versa. 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.
Which of the following statements as regards alternative payer/payee is/are correct? You can enter an alternative payer/payee at the client and company code level. You can never enter information about an individual payer/payee for a customer/vendor that has not been created in the system even if you set the Individual Specification indicator. You can enter the customer/vendor account number(s) as a permitted payee/payer in the master record only if the alternative payer/payee is an existing customer/vendor. When you print the report for customer or vendor list, you can always see the alternative payer for the respective customer or the alternative payee for the vendor.
Which of the following statements as regards Head Office/Branch accounts is/are correct? All items posted to a branch account are automatically transferred to the head office account. The dunning and payment program always handles home office account. When you print the report for customer or vendor list, you can always see the possible head offices for each of the branches. All of the above. None of the above.
Which of the following statements as regards bank master data is/are correct? It includes address and control data such as SWIFT code, postal giro data, and bank group. Every record is identified by the bank key only. Bank master data are defined at client level whereas house bank data are defined at company code level. The payment program uses the house bank ID to determine the bank to be used. If the customer/vendor has more than one bank, the user can choose a bank by using a matchcode in the partner bank field.
What are the ways to create bank master data? When entering bank info in the customer/vendor master record. Using the Create Bank transaction in AR/AP master data menu. When entering bank info in Customizing for house banks. Importing from disk or tape using a program. Using the lockbox function.
Which of the following statements as regards bank account is/are incorrect? It shall be represented by an account ID only that is entered in a G/L account. It contains the number of the account at your bank, the account currency, and the relevant G/L account only. A G/L account must be created for each bank account, and this G/L account shall be assigned to the bank account and vice versa. Bank account and G/L account can have different account currency. It is defined at company code level [required] that are managed at the house banks.
Every document is uniquely identified by the following fields: Fiscal year Document number Company code Client Username.