Term
| A legal entity is represented by a ___________ in SAP. Fill in the blanks to complete the sentence. |
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Definition
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Term
| More than one company code is assigned to a controlling area. Determine whether this statement is true or false. □ True □ False |
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Definition
| True In order for this to occur, the company codes must have the same operating chart of accounts and fiscal year variant. |
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Term
| Reconciliation accounts can be posted to directly. Determine whether this statement is true or false. □ True □ False |
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Definition
| False You can post to a reconciliation account only through a sub-ledger account. |
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Term
The _____________________determines the
structure of a balance sheet and income statement as far as which accounts map
to which line items on the report.
Fill in the blanks to complete the sentence. |
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Definition
| Financial Statement Version |
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Term
When a transaction is posted in FI, it automatically appears on the balance sheet.
Determine whether this statement is true or false. |
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Definition
True
The account must be assigned to an appropriate line item in the financial
statement version used when running the balance sheet. Otherwise, the posting will appear at the end of the financial statement in a category called Accounts not assigned |
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Term
When a purchase order is created, a financial document is also created.
Determine whether this statement is true or false.
□ True
□ False |
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Definition
False
A financial document is created when goods are received and when the invoice
is received, but not when the purchase order is created. |
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Term
When the billing document is created in Sales and Distribution, an accounting
document that debits the __________ and credits _________ is automatically created |
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Definition
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Term
What are the various acquisitions and retirements that can be posted in Asset
Accounting? |
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Definition
(1) Without a vendor or purchase order, the offsetting entry is made
to a GL clearing account,
(2) to a vendor, but without reference to a purchase
order, and
(3) via MM by creating a purchase order. |
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Term
| What is the purpose of the asset explorer? |
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Definition
The asset explorer gives a clear overview of the activity for an asset
per depreciation area and fiscal year for planned values, posted transactions,
posted amounts, posted and planned depreciation, and depreciation parameters. |
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