Fi03 - Accounts Receivable - Kc
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- 1.What is the transaction code to Display a Document?
- A.
FBL5N
- B.
F.27
- C.
FB03
- D.
FD10N
- 2.You need to clear customer invoices using a separate transaction for ad hoc authorizations
- A.
True
- B.
False
- 3.You need to settle authorizations for both the sales order and ad hoc scenarios.
- A.
True
- B.
False
- 4.What is the correct sequence of tasks in the SAP Lockbox process?
- A.
FLB1, FLB2, ZFIAR
- B.
ZFIAR, FLB1, FLB2
- C.
ZFIAR, FLB2, FLB1
- D.
None of the above
- 5.Fill in the Blank: A check is defined as _______ if neither the customer nor payment-related invoices can be identified.
- A.
Applied
- B.
Unprocessed
- C.
Partially applied
- D.
Partially processed
- 6.What transaction is used for any form of payment other than lockbox and credit cards (Ex. cash, check, wire transfer, ACH, etc)?
- A.
F-28
- B.
FB08
- C.
F.80
- D.
F32
- 7.How are open items cleared in SAP?
- A.
Transactions are archived, then purged from the current billing cycle
- B.
Transaction status is changed from “active” to either “paid” or “past due”
- C.
Fields with missing information about the account or transaction are completed
- D.
Payments are applied to accounts with open items to clear them
- 8.Open items are:
- A.
Accounts with no outstanding balance due
- B.
Transactions that have been cleared and are in the archiving queue
- C.
Accounts with no activity in the current billing cycle
- D.
Transactions that have not been cleared and remain on the customer’s account.
- 9.Information about a journal entry document, such as the document date and document number, is displayed in the:
- A.
Document abstract
- B.
Document header
- C.
Document summary statement
- D.
Document footnotes
- 10.In which module of SAP is the billing document created?
- A.
Sales & Distribution (SD)
- B.
Warehouse Management (WM)
- C.
Customer Relations Management (CRM)
- D.
None of the above
- 11.From where is the accounting document or “invoice” generated?
- A.
Billing document in Sales & Distribution
- B.
Credit memo in Sales & Distribution
- C.
Invoice master in Financial Accounting
- D.
None of the above
- 12.How is Accounts Receivable part of the Quote to Cash (Q2C) end-to-end process?
- A.
It is not part of the P2P process
- B.
It provides a historical record of vendor reliability
- C.
It manages the collection and processing of customer receivables
- D.
It provides a real time perspective on global inventory levels.
- 13.All postings in AR are recorded directly in the General Ledger.
- A.
True
- B.
False
- 14.SAP Finance organizational elements include:
- A.
P & L, Controlling Area, Asset Control Area
- B.
Financial Accounting, Controlling Area, Operating Concern
- C.
Controlling Area, Credit Control Area, Operating Concern
- D.
Credit Control Area, Company Code, Accounting Unit
- 15.What core SAP Finance module is the AR Application Component part of?
- A.
Profitability Analysis
- B.
Cost Accounting
- C.
Financial Accounting (FI)
- D.
None of the above
- 16.What is a company code?
- A.
An independent accounting unit
- B.
A number assigned by the SEC for all publicly traded companies.
- C.
A number that identifies both the customer and Agent for a purchase transaction
- D.
A number used to identify a specific organizational element
- 17.Why is organizational structure important?
- A.
It establishes parameters that allow for compliance with business rules.
- B.
It forms a framework that supports all business activities
- C.
It clearly defines resources needed and facilitates cross training
- D.
The structure is built to accommodate expansion due to technological innovation
- 18.What are SAP organizational elements?
- A.
The smallest segment of an end-to-end SAP procedure
- B.
Programming object that implement the overall business protocol
- C.
Structures representing legal and/or organizational views of an enterprise
- D.
The internal work teams responsible for determining financial policy and process
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