R/3 can assign the document numbers always
A business event triggers only one document within R/3
Each business event creates an accounting document within R/3
R/3 will link related documents in the system
2. In the payment process, automatic options to the users are
select open invoices to be paid/collected, post payment document
post payment documents/print payment media
select open invoices to be paid or collected, post payment document, print payment media
3. Which of the following are true.
any payment block can be removed in payment proposal edit
only line item payment block is removed during the payment proposal
items that cannot be paid are detailed in the exception list
4. Which of these statements on payment program are correct
there are four steps in payment process, viz., parameters, proposal, program, print
once the parameters have been specified, the print program is scheduled to generate payment media
5. Every run of the payment program is identified by two fields
run date
identification
6. Which of the following statements are true
The run date is recommended to be the actual date when the program is executed
The field identification is used to run print program
7. Which of the following statements are correct
the G/L account name for house banks must match the names given to the house bank in the bank directory
the G/L account names for house banks are user definable
the G/L account names for house banks could be the bank name and account number
the G/L account names for house banks are defined in bank directory
at company code level, G/L account names for house banks can be different from those in chart of account
8. Which of the following statements are true in respect to payment program configuration in all codes area
sending company code and paying company code are same always
by specifying the vendor/customer special G/L transaction to be paid, we can process specified special G/L transaction only
by activating payment method supplement, we can print and sort payments
9. Which of the statements are true in respect to configuration of payment program bank determination area
without ranking order, system will not process the payment
bank/payment method combination is must to define ranking order
without maintaining the value date in bank selection, system will not process the payment
10. If we are using check management, which of the statements is true
define check lots in order to print checks
check lots are used only for automatic payments
11. True/false
all company codes in the payment run parameters must be in the same country
a payment method can only be used if it is entered in the account master record
the payment proposal can only be edited, deleted and recreated as often as desired
the exception list is a part of the payment proposal
12. When running the dunning program
we can edit proposal
we cannot delete the proposal
we can recreate the proposal until the dunning clerk is satisfied with the result
after completing the dunning proposal list, dunning data is updated in master records
13. Which of the following statements are true
one time accounts cannot be dunned
we can assign two dunning procedures to customer master records
dunning procedure can process only standard transactions
interest can be posted at the time of dunning
14. The maximum dunning level can be defined in the dunning procedure is
four
six
nine
15. An item whose days in arrears are smaller or identical to the grace periods, dunning program will consider for the dunning notice. TRUE/FALSE
16. Which of the following statements are false
we cannot specify per dunning level that interest is to be calculated
we cannot print a dunning notice in a legal dunning procedure, although no further account movements have occurred
we can set a minimum amount for the dunning charges on each dunning level
17. What information does a dunning run change?
the date of the last dunning run in the customer master record
the dunning level in the customer master record
the dunning level in documents for which dunning notices are created
from (layout set) specifications in the customer master record for the text in the next dunning letter
the dunning procedure in the customer master record for the next dunning run
18. Which of these statements are true
we can calculate interest on G/L accounts under interest on arrears method
each interest id must be assigned on interest calculation type
19. Two steps to define financial statement versions are
enter it in the directory of financial statement version
define hierarchy levels and assign accounts
20. Which of the following statements are true
a financial statement version consist of maximum 9 hierarchy levels
we cannot assign account group according to balance
drill down report is a tool that enables to analyze sub ledger transaction figures only
21. Individual value adjustment for doubtful receivables are possible
through special G/L transactions
through normal transactions
both of the above
22. Foreign currency valuation is possible
only vendor/customer open items
only balance sheet items
both of the above
23. Which of the statements are true
when we are valuating open items without update for reversal of the adjustment posting after key date, user can define another posting date in place of key date +1
when we have regrouped the receivables/vendors, system carries out adjustment postings
allocating costs to financial accounting through external settlement, the G/L is updated online/realtime
24. Depreciation posting can be executed
through batch input session
direct FI postings
any one of the above
25. To set up the financial statement version in your company, maximum limit is 9. TRUE/FALSE
KEY - T (True), F (False)
- A-T, B-F, C-F, D-T
- A-T, B-T, C-T
- A-T, B-T, C-T
- A-T, B-F
- A-T, B-T
- A-T, B-F
- A-F, B-T, C-T, D-F, E-F
- A-F, B-T, C-T
- A-F, B-T, C-F
- A-T, B-F
- A-T, B-F, C-T, D-T
- A-T, B-F, C-T, D-F
- A-F, B-F, C-F, D-F
- A-F, B-F, C-T
- FALSE
- A-F, B-F, C-T
- A-T, B-T, C-T, D-F, E-F
- A-F, B-T
- A-T, B-T
- A-F, B-T, C-F
- A-T, B-F, C-F
- A-T, B-T, C-T
- A-T, B-T, C-T
- A-T, B-T, C-T
- FALSE
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