a. In automatic payment procedures, all incoming invoices
as of the second dunning level are paid automatically
b. Direct debiting or bank collection can be used in
automatic payment procedures to clear customer invoices
c. Open items posted to G/L accounts can be cleared using
the payment program
d. Special G/L transactions(down payment)can be posted
using the payment program
e. The payment program can pay vendor invoices using
wire transfers and checks
2. Imagine the following scenario:
A company wants to execute a payment run on a daily basis and process several company codes at the same time. If the amount exceeds US$ 1000, the vendors are to be paid by bank transfer, amounts less than US$ 1000 are to be paid by check. The customer has two house banks and wants all checks to be processed by bank A and all.
a. You store variants for print programs within customizing.
Here you can specify that the information is to be output to a data carrier.
(F110 and not in FBZP)
b. You specify, per house bank, whether payments are
to be made by check only or also by transfer
c. You specify the payment method from within the application,
in the master record
d. The payment proposal of the automatic payment program
can only be displayed
e. You can precisely schedule the print program from
within the application
3. According to which criteria does the payment program determine and select open items:
a. posting date and baseline date
b. document date and posting date
c. baseline date and payment terms
d. posting date and cash discount periods
e. posting date and payment terms
4. Which of the following statements are true with regard to the customizing setting for banks in the automatic payment run?
a. The sequence of the banks for processing outgoing payments
is selected randomly
b. You can only determine one payment method per house
bank
c. You can select several payment methods per country
d. You can specify by bank and method the anticipated
number of days before the bank account is debited
e. You can determine the banks to be used for payments
according to postal code
5. Which of the following factors does the systems take into account in a payment run?
a. Fiscal year variant
b. Payment method specifications in the IMG
c. Specifications in the vendor master records
d. Information in the documents(incoming invoices)
e. Specifications made when maintaining the payment run
parameters
6. Identify the correct statement(s). (Multi)
a. The vendor master record is divided into three different
data areas; General data, Accounting data and Purchasing data.
b. When the goods receipt is posted, the system automatically
updates the general Ledger accounts by the value of the goods receipt.
It is also possible to include an additional account assignment object
such as cost center, order or asset.
c. MM and FI set up and use different account groups
for their respective view of the vendor master record.
d. The account group determines the number interval for
assigning the account Number to the vendor, whether or not the number in
internally or externally Assigned, and what fields are mandatory, suppressed,
displayed and optional
e. A purchase requisition is a binding contract with
a vendor to supply certain materials or Services based on certain terms
and conditions.
7. Suppose that one company is used as both a vendor and a customer. Which of the following statements are correct regarding creating linked customer and vendor master records for this company? (Multi)
a. Only one business partner master record is created,
with client level, purchasing, sales, And accounting data. This prevents
the creation of redundant master data.
b. If the master records are linked correctly. The vendor
and the customer line items will be posted to the same reconciliation account.
c. The corresponding vendor master number must be entered
in the client level of the customer master record and vice versa.
d. The vendor and customer records that are to be linked
may have different account numbers.
e. Once properly linked, sales invoices and purchase
invoices for this company will automatically clear against each other.
8. Which of the following statements about transactions are correct? (Multi)
a. An invoice may be parked by an accounts clerk and a
workflow message sent Automatically to the supervisor.
b. Credit memos can be included in the payment program
to reduce the final invoice Value paid.
c. A parked invoice has a temporary document number assigned
by the user.
d. An invoice which has been cleared by the payment program
can only be reversed After the cleared line items have been reset.
e. An individual cheque cannot be printed automatically
when you manually post an Outgoing payment.
9. Which of the following statements about one time accounts are correct? (Multi)
a. One time accounts must use an account group which has
been defined specifically for one time accounts.
b. A one-time account group must use a different number
range from all other account Groups.
c. The vendor’s name and address are not held in the
one-time account master record.
d. Credit memos cannot be created for a one time vendor
account.
e. You cannot change a one-time account master record
once it has been created.
10. Between which functions in the FI-MM module does a direct relationship exist? (Multi)
a. Requirement planning- Invoice Verification
b. Invoice verification- Account Payable.
c. Inventory Audit- Invoice Verification.
d. Purchasing – Invoice Verification.
e. Goods issue to a production order – G/L account.
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Correct Answers:
1) b, d, e
2) c, e
3) c, e
4) c, d, e
5) b, c, d, e
6) a, d
7) c, d, e
8) a, b, d
9) a, c
10) b, d, e
