Fi03 - Accounts Receivable - Kc

18 Questions

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Fi03 - Accounts Receivable - Kc

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Questions and Answers
  • 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