SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP4 Set 3

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SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP4 Set 3

True or false? Please choose the right statements: (3)

For every bank that is used in the system (for example, as a house bank or as a customer/vendor bank) you have to create a bank master record. You cannot create bank master data when entering bank information in the customer or vendor masterrecord. Banks that are used by your company are defined as house banks. Customers that use the lockbox function can create a batch input session that automatically updatescustomer banking information in the master record. Bank Account and G/L Account are the same master data object.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

True or false? Please choose the right statements: (3)

Number ranges for document numbers and account types defined for postings are defined by the document types Document types are defined at company code level. Document types also define whether invoices are posted with the net procedure. The system can assign the document numbers or the user can assign the number during documententry. A business transaction creates only one document.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

What do the posting keys specify? (4) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

Whether the accounts are allowed for posting. Whether the line items are valid for a business transaction. Whether the line items contain "credit" or "debit" values. Whether the line item is connected to a payment transaction or not. Whether the posting is sales-relevant and the sales figure of the account is to be updated by thetransaction, for example, by the posting of a customer invoice.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Consider the following statements: What is the right statement(s)? (3)

'+' symbol represents all account types in the posting period customizing screen. A company code must be assigned to a posting period variant to have the control for posting periods. The maximum amounts are defined per company code in "tolerance groups". It is not possible to assign tolerance groups to user logon ID'S. The account interval in the posting period customizing screen can be both G/L and subledger accounts.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

What fields of a Fl Document Header section can be changed after a document has already been posted? (2) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

Reference Number. Header text. Fiscal Year. Posting date. Text fields.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

About the change control, what conditions below are applicable? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

The document is not a credit memo from a down payment. The line item is either a debit in a customer account or a credit in a vendor account. The posting period is already closed. The document is a credit memo for an invoice. The line item is not yet cleared.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

What are the prerequisites to enable negative postings? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

You have to define the document type that explicitly allows negative postings. You have to define reversal reasons for negative reversal. You have to reset cleared items. You have to ensure company code permits negative postings. You have to use cleared items.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

What is the purpose of the terms of payment? (Please choose the correct sentence)

Define the baseline date. ✘ Enable the cross-company code transactions. ✘ Calculate a cash discount and invoice due date. ✘ Calculate only the required conditions for SD invoices ✔ Calculate the tax amounts. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Consider the following statements:
Which of the statements is false (Please choose the correct sentence)?

The account type field in terms of payment basic data screen should be defined separately, to prevent
any done change in the term of payment. ✘ Terms of payments are copied from invoice to credit memos when they are linked to. ✘ Inserting a "V" in the invoice reference field during document entry means the terms of payment areactivated in the non-invoice-related credit memos. ✘ The day limits define the dates of the cash discount periods. ✔ The system cannot define the splitment of an installment payment, at least you define it in the terms ofpayment. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

10.

True or false? Please choose the right answers: (2)

A tax calculation procedure is assigned to every company code for carrying out tax calculations. If you desire to post manual tax postings, you have to flag the "Post Automatically Only" field of theaccount master record. A jurisdiction code is a combination of the codes of tax authorities that tax movements of goods and usetheir own tax rates. SAP supports tax on sales and purchases, US sales tax, additional taxes and withholding tax as taxsystems for different countries Only national level of taxation is allowed in the R/3 system.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP4 Set 3

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