Fi04 - Accounts Payable - Kc
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- 1.If the 3-way match is successful, the invoice will automatically go to the payment queue.
- A.
True
- B.
False
- 2.Before posting an invoice, you can__________ the invoice to check over your work?
- A.
Simulate
- B.
Review
- C.
Calculate
- D.
Project
- 3.What three items does SAP compare to verify the 3-way match?
- A.
Vendor invoice, Purchase order price, Warehouse receipt quantity
- B.
Issuer invoice, Purchase order price, Goods receipt quantity
- C.
Vendor invoice, Purchase order price, Goods receipt quantity.
- D.
Vendor invoice, Requisition quote price, Goods receipt quantity
- 4.Tolerance is a variance between the:
- A.
Requisition, PO, GR price and quantity
- B.
Invoice, Transfer Order, GR price and quantity
- C.
Invoice, PO, General Ledger
- D.
Invoice, PO, GR price and quantity
- 5.A vendor credit memo is a ___________of all or part of a vendor invoice.
- A.
Reversal
- B.
Revision
- C.
Reposting
- D.
Cancellation
- 6.What is the transaction to enter a vendor credit memo with reference to an invoice?
- A.
MR11
- B.
FB65
- C.
F110
- D.
FB44
- 7.What are the Four P's (and sometimes E)?
- A.
Parameters, Presentation Run, Edit Proposal Run, Proof Run, Print
- B.
Parameters, Proposal Run, Earnings Proposal Run, Payment Run, Post
- C.
Parameters, Proposal Run, Edit Proposal Run, Payment Run, Print
- D.
None of the above
- 8.Fill in the blank: Specification of ____________ enables SAP to select open items to be paid.
- A.
Limits
- B.
Parameters
- C.
Status
- D.
Values
- 9.What transaction is used to manually clear vendor open items?
- A.
MR11
- B.
F-44
- C.
FBRA
- D.
None of the above
- 10.What are the 3 types of invoices?
- A.
FI/Virtual Purchase Invoice, PO/GR Invoice, Blanket PO Invoice
- B.
FI/Non-PO Invoice, PO/GR Invoice, Blanket PO Invoice
- C.
FI/Non-PO Invoice, FI/P2P Invoice, Blanket PO Invoice
- D.
FI/Non-PO Invoice, PO/GR Invoice, Cover Invoice
- 11.How is Accounts Payable part of the Procure-to-Pay (P2P) 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 payment and processing of vendor payables
- D.
It provides a real time perspective on global inventory levels.
- 12.All postings in AP are recorded directly in the General Ledger.
- A.
True
- B.
False
- 13.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
- 14.What core SAP Finance module is the AP Application Component part of?
- A.
Profitability Analysis
- B.
Cost Accounting
- C.
Financial Accounting (FI)
- D.
None of the above
- 15.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
- 16.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
- 17.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
- 18.Documents with cleared items can be reversed.
- A.
True
- B.
False
- 19.Documents generated using Transaction ZFI_FB01 can be reversed using Transaction FB08.
- A.
True
- B.
False
- 20.Transaction ZFIAP1 is used to notify all vendors.
- A.
True
- B.
False
- 21.What core SAP Finance module is the AP Application Component part of?
- A.
Profitability Analysis
- B.
Financial Accounting (FI)
- C.
Cost Accounting
- D.
None of the above
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