Term
Which of the following statements are correct for a Company Code?
(2 are correct)
a. Can belong to more than one Controlling Area
b. General Ledger administration is set at the level of the Company Code
c. The Business Area is identified via the Company Code
d. Many Company Codes can belong to the same Controlling Area |
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Definition
b. General Ledger administration is set at the level of the Company Code
d. Many Company Codes can belong to the same Controlling Area |
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Term
| The ____________________is the GL clearing account for Purchasing. |
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Definition
| Goods Receipt/Inventory Receipt |
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Term
| Each GL Account has a Chart of Account and Company Code segment. (True or False) |
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Definition
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Term
| Each GL Account is defined according to a Chart of Accounts. (True or False) |
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Definition
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Term
| Inside the GL Account you can view the balance for each vendor. (True or False) |
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Definition
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Term
Which of the following statements are correct for the Chart of Accounts?
(3 are correct)
a. Can be country specific
b. Contains definition of all GL accounts
c. Contains information for account control and management
d. Is assigned to a company code
e. Is assigned to a Profit Center |
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Definition
a. Can be country specific
b. Contains definition of all GL accounts
d. Is assigned to a company code |
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Term
Which of the following Statements are correct with regard to Customer Master Records?
Which (2 are correct)
a. Contain reconciliation account information
b. Are created using an account groups
c. Have General, Company Code and Purchasing Organization segments
d. Have General, Company Code and Sales Organization Segments |
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Definition
a. Contain reconciliation account information
d. Have General, Company Code and Sales Organization Segments |
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Term
| The _____________________controls the creation of the company code segment fields for a General Leger Account. |
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Definition
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Term
In the procurement cycle, what general ledger account ensures that goods are received for each invoice, and vice versa? (Choose the correct answer)
a. Goods receipt/Invoice receipt account
b. Reconciliation account
c. Material stock account
d. Consumption expense account |
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Definition
| a. Goods receipt/Invoice receipt account |
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Term
| In the purchasing process, a FI Document committing funds is created upon the creation of the purchase order. (True or False) |
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Definition
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Term
In the general ledger, what determines the structure of a balance sheet and income statement as far as which accounts map to which line items on the report? (Choose the correct answer)
a. General ledger account number sets
b. Financial statement version
c. Account group
d. Cost element group |
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Definition
| b. Financial statement version |
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Term
When will postings made in Financial Accounting update Management Accounting (CO)?
(2 are correct)
a. The statistical controlling object is entered on the FI posting
b. A business area is entered on the FI posting
c. A functional area is entered on the FI posting
e. A real controlling object is entered on the FI posting
f. If FI account number has a corresponding secondary cost element. |
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Definition
a. The statistical controlling object is entered on the FI posting
e. A real controlling object is entered on the FI posting |
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Term
Which of the following statements are true regarding company codes? (Choose the correct answer)
a. A company code uniquely identifies a business area.
b. A client can only have one company code.
c. The general ledger is managed at company code level.
d. The company code can be assigned to multiple controlling areas. |
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Definition
| c. The general ledger is managed at company code level. |
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Term
Which of the following statements are true regarding the chart of accounts? The chart of accounts ... (2 are correct)
a. contains the definitions of all G/L accounts in an ordered form
b. can be country-specific
c. is only assigned to one company code
d. determines, during the document posting, if an account is credited or debited |
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Definition
a. contains the definitions of all G/L accounts in an ordered form
b. can be country-specific |
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