|Self-Test Questions on Account Receivable
1. Identify the correct statement(s) relating to how the main business processes are integrated in the SAP R/3 System. ( Multi Choice)
a. A goods receipt is the recording of the movement of materials into the warehouse. In SAP, a financial document which updates the inventory account and an accrued liability account is created
b. The Invoice receipt and verification process compares the vendor invoice with the purchase order and goods receipt. However, the corresponding financial transaction must be entered through the financial module of R/3.
c. In SAP, payment processing reduces the liability to a vendor and a company codes cash balance, records discounts taken and disburses payment.
d. A customer delivery is the transfer of the ownership of goods.
A customer delivery includes, creation of a delivery document, picking
the goods for shipment; physically transferring the goods to the customer
and financially recording the goods issue.
2. Please give the correct answer.
a. The business area can run across many company codes, i.e. all company codes can post in all business areas.
b. A company code may belong to more than One Controlling Area.
c. Each company codes uses exactly one operating chart of accounts and one controlling area for assignments
d. Business areas are used to create internal balance sheets and income
3. Which correspondence extracts all items in the chosen period from a customers account displays the balance carried forward balance and a closing balance of the account?
a. Payment advice
b. Payment notice
c. Account statement
d. Dunning notice
a. An account group always gets assigned to a customer. b. The company code is always a required entry.
c. The account number may be assigned by the user externally.
d. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the account group.
e. Information on each screen may be defined in configuration as
mandatory, suppressed or optional, depending upon the company code.
5. Which of the following statements are correct?
a. A FI customer master is divided by client level and company code level.
b. In case of one-time customer you have to enter the customers address in the document itself.
c. Address, control data, and reconciliation account are included in the client level of the customer.
d. The most efficient way to create master records is to work with the external number range not internal number range.
a. If a customer is also a vendor, the system can include outstanding Accounts Receivable invoice items in payment program.
b. If a customer is also a vendor, the system can include outstanding Accounts Payable invoice items when you clear incoming payment receipts for the customer.
c. The reconciliation account defined on the customer master record is an account used to reconcile CO transactions back to FI.
d. All customer belonging to the same account group must be assigned to the same reconciliation account.
e. The alternative payer is used to transfer outstanding receivable item to the alternative payers account.
a. The customer master data comparison the customers in the legacy system with the customers in the R/3 System.
b. The customer master data comparison compares which master records are already created in financial accounting but not yet created in sales and distribution.
c. The customer master data comparison compares which master records are already created in purchasing but not yet in sales and distribution.
d. The customer mater data comparison checks whether the customer master
record contains a telephone number.
1) a, c
2) a, c, d
4) a, c, d
5) a, b
6) a, b
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