Accounts Receivable Questions in SAP FI

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   statements.
 

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

  
4. Which of the following statements about creating customer master records are correct?

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.

  
6. Which of the following statements are correct?

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.

  
7. Which of following statements are correct? 

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.
 

Answers

1) a, c

2) a, c, d

3) c

4) a, c, d

5) a, b

6) a, b

7) b

See Also
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