Fi04 - Accounts Payable - Kc

21 Questions | Total Attempts: 70

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Fi04 - Accounts Payable - Kc

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Questions and Answers
  • 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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