ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

FI PAPER: 11

The settings for Automatic Payment Program you make settings for
automatic outgoing payments to be processed by the payment program.

1. By assigning Paying company code to each company code you can have one
company code process payment transactions centrally for several company codes.
a. True
b. False

2. You can group payments using payment method supplements and therefore, for
example, control the sending of checks.
a. True
b. False

3. You cannot make down payments with the payment program and pay with bills of
exchange
a. True
b. False

4. You can specify the minimum amount for which an incoming or outgoing payment
is created for the Paying Company Code?
a. True
b. False

5. You can optimize by bank groups. This happens even if banks in the master
records are not assigned to a bank group defined by you.
a. True
b. False

6. If you optimize by postal codes, the house bank selection is determined by the
business partner's domicile. If you select the "Optimization by postal codes" field, you
can go directly to the activity for assigning house banks to an interval of postal
codes.
a. True
b. False

7. When processing a payment proposal, you can remove all payment blocking
indicators from items or enter them for items.
a. True
b. False

8. Automatic payment run uses document type specified in Payment Method/

Country for posting the payment. Standard Posting keys are used to post the
payment and cannot be changed?
a. True
b. False

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 ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

FI PAPER: 11

You can use the dunning program to dun both customers and vendors.
Answer the following questions on Dunning?

9. The individual dunning areas within one company code can use different
procedures or the same dunning procedure.
a. True
b. False

10. The dunning area can be entered at the line item level
a. True
b. False

11. With the dunning keys, you can limit the dunning level for the Customer Master
Record
a. True
b. False

12, The Dunning Block key can be entered in an item or in the account of a business
partner.
a. True
b. False

13, Master Data reckrd Dunning Blocks need to be manually removed

a. True
b. False

14. In dunning procedure you can select which customers within for which company
codes to include in dunning. All Customers need not be selected?
a. True
b. False

15. You can also set the dunning level at which you want to list all due items from an
account in the dunning notice.
a. True
b. False

16. Dunning procedures are company code independent.

a. True
b. False

17. Interest Rates Entered in Dunning specify which interest rate is to be used for
debit or credit balances
a. True
b. False

Financial Accounting Closing Process

18. A valuation method represents a group of specifications that you require for
balance and item valuation. Valuation methods can be defaulted from Master Records
to Line Items
a. True
b. False
19. When valuating open items the system posts to a balance sheet adjustment
account and to an account for exchange rate differences determined during the
valuation?

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 ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

FI PAPER: 11

a. True
b. False

20. You can differentiate the accounts by currency. Exchange gains and losses are
then posted to the accounts designated for the currency involved. If you do not want
to differentiate the accounts by currency, you require an entry with the currency
"blank" (this is the default value). The "exchange rate differences" key in the
company code-dependent part of the G/L accounts must also be empty.
a. True
b. False

21. The goods receipt/invoice receipt (GR/IR) clearing account is posted to whenever
you receive goods that have not been invoiced yet or whenever you receive invoices
for goods that have not been delivered yet.
a. True
b. False

22. You define the versions you need to create a balance sheet and profit and loss
statement In FSV besides G/L Accounts you can assign functional area intervals at the
lowest level of the structure, instead of account intervals?
a. True
b. False

To set up a cash journal, select the activity Cash Journal in Customizing for
Banking-Related Accounting under Business Transactions.

23. For Setting up Cash Journal you need to create a G/L account, for the cash journal
in the required company code
a. True
b. False

24. Several Cash Journals can be created in a company code but you need a unique
G/l account for Cash Journal maintained in each currency
a. True
b. False

25. You have to define a number range interval for cash journal documents within
G/L Accounting.
a. True
b. False

26. While Setting up Tax code in Cash Journal you can only make entries in this field
for accounting transaction types E and R
a. True
b. False

27. In order to print the cash journal and the cash journal receipts, you have to set
up the corresponding print program parameters per company code.
a. True
b. False
28. he Controlling Module and FI module can use Different Chart of Accounts as long
as G/L are mapped to respective Cost Elements
a. True
b. False

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FI PAPER: 11

29. A group COA can be assigned to the Alternate chart of account which is assigned
to the company Code
a. True
b. False

30. The filed status for filed status group can in “display” transaction can only be
display or hidden.
a. True
b. False

31. For document types with external number ranges, you have to define an
individual reverse document type because the system can make automatic reverse
entries only in document types that have internal number assignment.
a. True
b. False