Identify the legal requirements of customer closing activities send Balance confirmations and evaulate response Valuate foreign

currencies Value Adjustments regrouping of receivables and payables 6.Identify the technical or organizational requirements of customer closing activities the balance carry forward program is run, carrying forward the balances of thecustomer accounts to the next fiscal year. The posting periods of the old fiscal year are blocked the special periods for closing postings are opened. A technical reconciliation for documents, transaction figures and affiliatedcompanies guarantees that the postingof documents is technically problem-free. Closing of special periods 7.Identify the main features of Balance confirmations The program for creating balance confirmations automatically creates balanceconfirmations (including reply slips) for a freely definable number of customers andvendors, as well as a reconciliation list and a results table Specify the texts and totals to be displayed for each item. After defining the hierarchy, you enter the text for each item that you want to be printed in the financial statements, and specify the totalsthat should be displayed. Assign one or more account intervals to the lowest items in the hierarchy.

The balance confirmations and reply slips are sent to the customers or vendors and thelists forwarded to a control center. The customers or vendors check the balance information they receive and send theirreply to the control center. 8.Identify the steps in Customizing of balance confirmations Define form names for printing correspondence Define sender details for correspondence form Define reply addresses for balance confirmation Specify selection criteria for balance confirmation Prepare balance confirmation for customers/vendors9.

List the three procedures available for balance confirmations

What is a foreign currency valuation? Foreign currency open items and balance sheet accounts must be valuated on the basis of variousbusiness-related and legal criteria. Items are valuated in local currency A foreign currency valuation is necessary if vendor accounts contain open items in a foreign currency.The amounts of these open items were translated into the local currency at the time they were entered usingthe current exchange rate 11.Identify the accounts and items included in the included in the foreign currency valuation Foreign currency balance sheet accounts, that is, G/L accounts that you manage in a foreign currency(the balances of the G/L accounts in foreign currency are valuated) Open items (customers, vendors, G/L accounts) posted in foreign currency(the line items are valuated) 12.Identify the prerequisites for foreign currency valuation13. What are the requirements of foreign currency valuation using the Ledger Approach?14. Define value adjustments15. What options are available for creating value adjustments for receivables?16. What are the main features of Individual value adjustment for doubtful receivables?17. What is Flat-rate Individual value Adjustment of Overdue receivables?18. Identify the main features of Flat-rate Individual value Adjustment of Overdue receivables19. In point form , explain how you can achieve an automatic flat-rate rate Individual valueAdjustment of Overdue receivables What is Regrouping?21. List the main features of regrouping22. List the main functions of the report FAGL_CL_REGROUP with regards to regrouping andsorting of receivables and payables ACCRUALS AND DEFERRALS23. Differentiate between Accruals and Deferrals24. What is the Accrual Engine used for?25. List the two types of data stored by the Accrual Engine26. List the two main processes triggered from the application component of the accrual engine27. Identify the advantages of the Accrual Engine28.

List the Customizing activities to be carried out to activate an application component of theAccrual Engine29. Identify the closing activities of the Accrual Engine30. List the main features of posting deferrals31. List the objects or features for which the Posting Control is defined for the Accrual Engine32. Identify the purpose of account determination task of the Accrual Engine33. What does the Accrual Engine support for parallel accounting?34. What do derivation rule for determining accounts consist of?TECHNICAL, ORGANIZATIONAL, AND DOCUMENTARY STEPS35. Identify the following with regards General Ledger Closing Operations; Legal activities Technical or organizational activities36. Define balance audit trail37. Identify the reasons for balance audit trail38. Identify the existing functions in the SAP system (as of Release SAP ERP 2004) to create asegment balance sheet.39. List the assumptions for document splitting40. Identify the main features of Real - Time Integration from CO-FI41. List the processes or transactions in which changes resulted due to the Realtime integrationfrom CO-FI42. List the processes or features you can configure using a Customizing variant for realtimeintegrationCLOSING COCKPIT43. List the advantages of the closing cockpit44. What options does the Closing Cockpit offer to support the closing activities?45. Identify the features of the organizational hierarchy in the closing procedure of the closingcockpit List the task types in the closing cockpit47. With regards to the List Display, what information is shown in the detailed view for a task