AR AP

Question 1

Define Account groups to determine:

Answer 1

a) Interval for the account numbers
b) Whether the number is assigned internally or externally
c) whether is a one time account
d) Field status for master records

Question 2

Field status prerequisite Account management For account groups

Answer 2

a) Reconciliation account as a Required entry

Question 3

Create Number or ranges for customer / Vendors accounts

Answer 3

a) Is at Client level

b) Same customer number can be extended by one or more company codes

Question 4

Define screen layout per activity

Answer 4

a) Change the reconciliation account to display

Question 5

Set up bank determination for payment transactions

Answer 5

a) Ranking order of banks
b) Banks accounts
c) Available amounts
d) Value date

Question 6

Ranking orders

Answer 6

a) Payment method
b) Currency
c) House bank

Question 7

Bank accounts

Answer 7

a)Maintain Sub accounts for these house banks

Question 8

Available amounts

Answer 8

a) Update the available amount for outgoing payments and currency for each house bank

Question 9

Special G/L list

Answer 9

a) A=Down payment
b) C= RE Rent deposit
c) F= Down Payment Request
d) G= Guarantess Given
e) J= Advanced Payment Requests
f) K= AP Operating Costs
g) I= Down Payment
h) U= RE AP Sales based rent

Question 10

Special G/L List Account assignment

Answer 10

a) Reconciliation account
b) Special GL account
c) Planning Level
d) Outpout tax clearing

Question 11

Properties for Special GL accounts

Answer 11

a) Noted items
b) Related to credit limit
c) Commitments warning
d) Target Special GL indicator

Question 12

Define Sort Method and adjustment acct. For Reagrouping Receivables / Payables

Answer 12

a) Define periods for the remaining terms of receivables and payables
b) For each period transfer posting to Customer, vendor or GL

Question 13

Define Sort Method and adjustment acct. For Reagrouping Receivables / Payables customizing

Answer 13

a) Define Interval and description
b) Time unit
c) Adjustment account
d) Target account

Question 14

Dunning procedure

Answer 14

a) Define Dunning areas
b) Define Dunning keys
c) Define Dunning Block reasons
d) Define Dunning procedures

Question 15

Dunning areas can correspond

Answer 15

a) Division
b) Distribution channel
c) Sales organization
d) Business area

Question 16

Dunning notices are sent separately per dunning area

Answer 16

Use of dunning area is optional

Question 17

Dunning key refers to

Answer 17

a) Max level

b) Print separately

Question 18

Define Dunning Block reasons entered to

Answer 18

a) Transaction line item
b) Or in the account of a customer
c) Blocked items or accounts are not considered in the dunning run

Question 19

Define Dunning procedures overview

Answer 19

a) Setting of the dunning program

b) Dunning procedures are company code independent

Question 20

Dunning procedures determined

Answer 20

a) Dunning interval
b) Grace periods for the due date determination (number of days in arrears)
c) Number of dunning levels
d) Reference Dunning procedures for texts

Question 21

Customer master records for dunning (Correspondance TAB)

Answer 21

a) Dunning procedures
b) Dunning areas
c) Dunning block ( if we wanto to block a customer)

Question 22

Clearing accounts can be automatical cleared to

Answer 22

a) Normal items
b) Special GL transactions
c) Noted Items
d) Parked items
e) Customer items

Question 23

Partial Payment

Answer 23

a) Creates a new document and its referenced to the original invoice or document

Question 24

Residual payment

Answer 24

a) Creates a clearing document with two items