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ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4

1. Account groups are used to control the following properties a. field status of transaction fields b. field status of master fields c. field status of master fields and number range d. field status of master fields, number range and whether accounts are p&L ot B/S 2. You a. b. c. d. !. You a. b. c. d. can post transactions to an account in an currenc onl if account currenc is not maintained account currenc is same as local currenc of the compan code account currenc is different from compan code currenc under all circumstances can carr forward "&L account balances to #ultiple retained earnings accounts, automaticall Single retained earnings account, automaticall #ultiple retained earnings accounts, through period end processing Single retained earnings accounts, through period end processing

$. %efault e&change rate pic'ed up during () document is a. e&change rate maintained for t pe *B+ b. e&change rate maintained for t pe *#+ c. e&change rate maintained for t pe *,+ d. there is no default e&change rate t pe -. You can clear open items onl when the ha.e same a. business area, amount, opposite dr/cr indicator and same entr in fields that are configured for automatic clearing b. amount, opposite dr/cr indicator c. business area, amount and opposite dr/cr indicator d. amount, opposite dr/cr indicator and same entr in fields that are configured for automatic clearing /. (oreign currenc .aluations on ,/L accounts are performed on the following accounts a. all accounts b. all accounts managed on open item basis c. all accounts managed on open item basis and all accounts with account currenc different from local currenc d. accounts managed on open item basis ha.ing foreign currenc transactions and all accounts with account currenc different from local currenc 0. You a. b. c. d. can displa account balances of se.eral related accounts through account groups sort 'e wor'lists totals .ariant

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chart of account currencies. :he cross compan code number generated is a. (inancial statements can be generated in a. customer and .endor/customer reclassification at business area le. chart of account currencies. the document number must be a. dr/cr indicator.el balance sheet for inter compan transactions posting ad3ustment entries for changed reconciliation accounts posting . b. field status of transaction screen. local currenc b. account t pes. account t pes b. field status of transaction screen. account t pes c.oice receipt against . compan code 1!. 2ross compan code transactions are carried out between compan codes 6661 and 6662 in the ear 1444. b. c.el entr screens in () are used to enter customer and . 8ow man a. e&ternal c. wor'lists d. 6661416666-2166661 b. recurring documents 11. 416666$2!/666244 1$. 2 local d./L. . internal or e&ternal d. field status of transaction screen 12. (ast a. d. run BA/"2 ad3ustments for balancing BA le.erse a posted document. 7asil entered document entr templates are called a. account assignment models c.hen ou re. special . internal b.endor line items )n. You a. controlling area currenc d. d. dr/cr indicator. ! local parallel currencies are possible and at what le.5 16. dr/cr indicator. :his is created from compan code 6661. manuall assigned 1-. "osting 'e s are used to decide a.endor line items . c. sample document b. dr/cr indicator. :he accounting document created for 6661 is 416666-216 and that for 6662 is 416666$2!/. ! local c.el balance sheet for inter business area transactions balancing compan code le./L applicabilit d.ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4 1. document currenc c. 2 local b. 416666-216666144 d./L line items . 4. compan code currencies. 416666$2!/66626661 c.el the are assigned9 currencies. an currenc for which customi<ation is maintained 2 .

general data.e reconciliation account and the main reconciliation account of the .e reconciliation account mapped to the main reconciliation account of the .endors for balance displa c.endor/customer d. 2hec' management with relation to outgoing pa ments is possible for open items for a. customers and . plant>di.ision>distribution channel combination c./L accounts 26.al from authori<ed officials.es a. plant>sales area combination d. recurring document 21. the following acti. general data. . .endors for standard reporting d. plant>di. general data. the main reconciliation account of the .ities are performed 3 . par'ed items c. business area data. statistical items b.ision combination b. ou use the following functionalit a.roup 'e assigned to . )f ou do not want to enter a document with pro./L accounts d. account assignment model d. purchasing data c. plant data 10.hen ou carr out regrouping through A5 or A". it is a combination of up to three fields based on which open in. regular items 22.endors. par'ed document b. the alternati.ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4 1/.oices are selected for automatic pa ment b. . . compan code data.endors and customers c. :he .oices are selected for manual pa ment 11. offsetting entr to the main reconciliation account of the . noted items d.endor master records control the following a.endor/customer 14. business area data d. sample document c.ision combination and sales area 2!.endor or customer b.endors and .ol.iews maintained for .endor master data are a. . general data. compan code data. it is a combination of up to three fields based on which open in. the alternati. basis for classif ing . plant>di. Accounting for down pa ment re=uest in.ision for updating the ledger on appro. . basis for grouping se.endors b. compan code data.endor/customer c. Business area is determined for accounting documents generated automaticall from logistics modules are on the basis of a. compan code data b.eral . "osting through a special ledger indicator affects a.

b assigning pa ment terms to bill of e&change item b. and the indicator balance in L2 onl is tic'ed. %uring a . d.hat are the different account t pes in SA"9 a.ersal of contingent liabilit clearing against outstanding ad.oice document c. Af c'earubg fir ?166 is done for the .oice . . e&change rate is 5s. b.ed b a. what is the foreign currenc e&change rate posting9 a.166 c. )n a. c. ran'ing order and a.hen ou carr out automatic pa ment. At the time of in.166 b.endor d.ailable balance in the accounts 2-.endor. customer. . dr 5s. 8ow do ou assign credit terms while drawing a bill of e&change on our customer9 a. . changing the field entr from the in. . a bill of e&change recei. asset. b assigning due date to in. . cr 5s.endor. c. house ban's entered in the parameters of the run d.ersa open items b remaining life b changed reconciliation accounts abo. "a ment bloc' can be remo. asset 4 . reclassif reclassif reclassif all of the where debtors ha.5/)5 account is managed on open item basis. customer. d. . customer. ran'ing order of house ban's b. b assigning due date to the bill of e&change item c.erification. c.oices remain as open items residual pa ment partial pa ment charge off difference distribute difference 21. b. customer. release bloc' in ## b.able items is cleared during discounting the bill transfer posting with clearing re.e 2$.ances from the customers which of the following processes do the original in. no e&change rate posting !6.endor.oice item 24.ed 2/. cannot be remo.e credit balance and .ice . b assigning pa ment term to in.ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4 a. b. . SA". )n a.L.5/)5 account. d. it is credited with ?166 @e&change rae AS%B)C5 D 1B$6E. .oice item d. . house ban's maintained for specific business areas c.$1 D ?1.L b. b reallocating in the pa ment proposal d.5. 20. ban' through which pa ment is effected is based on a.oice receipt.oices with pa ment bloc's created during in. cr ?166 d. "a ment needs to be made against in. material c.

)f a. line la out d. totals .ariant c. dunning 'e c. dunning area !2. additional fields 5 .hen se. sort . ou do not want to dun a . d. b. dunning procedure b.eral organi<ational units carr out dunning within a single compan code.endor be ond a particular le. the SA" entit used to distinguish and control the process is called a. dunning cler' d. . )f ou want to chose a different set of fields in a .endor account line item displa .el use dunning bloc' on the .el use dunning 'e to limit the ma&imum le. c. ou choose a different a.ariant b.endor master use dunning cler' to bloc' dunning use dunning bloc' on the dunning procedure !!.ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4 !1.

% 1/. 2 20. B 10. A /. 2 2. B 16. A 11. 2 1. 2 22. 2 12. A 4. A 21. % 2-. B 21. % !6. B 26. B 14. B 11. A 2/. B -. B !. % !2. A 1-. B !1. % 2$. 2 1$. % 1!. A !!. % 2!. B 24. % 0. 2 $. 2 6 .ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4 KEY 1.