Download Safari Books Online apps: Apple iOS | Android

Entire Site

Safari Books Online

    Free Trial

    Safari Books Online is a digital library providing on-demand subscription access to thousands of learning resources.


    Copyright
    LICENSE, DISCLAIMER OF LIABILITY, AND LIMITED WARRANTY
    TRADEMARK ACKNOWLEDGMENT
    DISCLAIMER
    Dedication
    ABOUT THE AUTHOR
    ACKNOWLEDGMENT
    PREFACE
    SAP BASICS
    ABAP AND BASIS
    PROJECT IMPLEMENTATION
    FINANCIAL ACCOUNTING (FI)
    GENERAL
    75. Explain 'Financial Accounting (FI)' in SAP.
    76. What are the 'Submodules' within FI?
    77. Name the submodules within FI, from which FI-GL gets simultaneous postings.
    78. Name three distinct characteristics of FI-GL.
    GLOBAL AND ENTERPRISE SETTINGS
    79. What do you mean by 'Organizational Units' in SAP?
    80. What are the important 'Organizational Units' in FI?
    81. What is a 'Company'?
    82. What is a 'Company Code,' and how is this different from a 'Company'?
    83. What are the important 'Global Settings' for a Company Code?
    84. Can you assign more than one 'Company Code' to a 'Company'?
    85. What is a 'Business Area'?
    86. Can you attach a 'Business Area' to a Transaction?
    87. How do you post Cross-company Code Business Area postings?
    88. What is the 'Credit Control Area' in SAP?
    89. What is a 'Chart of Accounts'?
    90. What are all the major components of a 'Chart of Accounts'?
    91. What is an 'Operating Chart of Accounts'?
    92. How does 'Group Chart of Accounts' differ from 'Operating Chart of Accounts'?
    93. What is a 'Country Chart of Accounts'? Why do you need this?
    94. Can one 'Chart of Accounts' be assigned to several Company Codes?
    95. What is a 'Fiscal Year' and 'Fiscal Year Variant'?
    96. How do you assign a 'Fiscal Year Variant' to a Company Code?
    97. What is a 'Posting Period'?
    98. How does the system identify a 'Posting Period'?
    99. What happens when you post to year 2006 when you are in 2007?
    100. What do you mean by 'Opening/Closing' Posting Periods?
    101. What is a 'Posting Period Variant'?
    102. Can you selectively 'Open' and 'Close' accounts?
    103. Why is it not possible to post to a customer a/c in a previously closed 'Period'?
    104. Can you open a 'Posting Period' only for a particular user?
    105. What is a 'Special Period'? When do you use it?
    106. What is the maximum number of 'Posting Periods' in SAP?
    107. What is a 'Special Purpose Ledger'?
    108. What variations are possible when defining a 'Fiscal Year'?
    109. What is known as 'Year Shift/Displacement' in a Fiscal Year?
    110. Can you have 'non-Calendar' months as 'Periods' in a 'non-Calendar' Fiscal Year?
    111. What is a 'Year-dependent' Fiscal Year?
    112. What precautions should you take while defining a 'Shortened Fiscal Year'?
    113. Tell me more about a 'Shortened Fiscal Year.'
    114. How do you open a new 'Fiscal Year' in the system?
    115. How do you 'Carry-Forward' account balances?
    116. Can you explain how 'Carry-Forward' happens in SAP?
    117. Is there a prerequisite for 'Carry-Forward' activity?
    118. How many 'Retained Earnings' a/c can be defined?
    119. Can you have multiple 'Retained Earnings' a/c?
    120. How do you maintain 'Currency' in SAP?
    121. What is a 'Local Currency'?
    122. What is a 'Parallel Currency'?
    123. What is a 'Group Currency'?
    124. What is the 'Global Company Code Currency'?
    125. What is an 'Account Currency'?
    126. What are all the prerequisites for posting in a 'Foreign Currency'?
    127. How are 'Exchange Rates' maintained in SAP?
    128. What is an 'Exchange Rate Type'? List some of them.
    129. What is known as the 'Translation Factor'?
    130. Is there an easy way to maintain Exchange Rates in SAP?
    131. What is known as an 'Exchange Rate Spread'?
    132. Explain the use of 'Direct' or 'Indirect Quotations.'
    133. Explain how 'Taxes' are handled in SAP.
    134. How is Tax calculated in SAP?
    135. Explain the Configurations required for Taxes in SAP.
    136. What is a (Tax) 'Jurisdiction Code'?
    137. Tell me about the 'Tax Reports' in SAP.
    138. How is 'Master Data' different from 'Transaction Data'?
    139. Can you post an a/c document if the 'Credit' is not equal to the 'Debit'?
    GENERAL LEDGER ACCOUNTING
    140. What is a 'Document' in SAP?
    141. What is a 'Document Header'?
    142. What is a 'Document Type'?
    143. How is 'Account Type' connected to 'Document Type'?
    144. What do you mean by 'Net' Postings'?
    145. Explain the various 'Reference Methods.'
    146. What is the 'Document Change Rule'?
    147. Differentiate between 'Account Assignment Model,' 'Recurring Entries,' and 'Sample Document.'
    148. What is a 'Line Item'?
    149. What is a 'Posting Key'?
    150. Differentiate between the 'Parking' and the 'Holding' of documents.
    151. What is an 'Automatic Posting'?
    152. What is 'Clearing'?
    153. Explain 'Reversal of Documents' in SAP.
    154. Explain 'True Reversal.' How is it different from regular 'Reversal'?
    155. What is 'Fast Entry'?
    156. How do you create 'GL Account Master Data'?
    157. What is 'Collective Processing' of GL accounts?
    158. What is 'Individual Processing' of GL accounts?
    159. Is it possible to change an existing B/S GL a/c to the P&L type?
    160. Why doesn't the system allow you to change the 'Tax Category' in a GL a/c master?
    161. What is an 'Account Group'?
    162. Describe 'Number Range Interval.'
    163. What is a 'Screen Layout'?
    164. What is a 'Field Status Group'?
    165. What do you mean by 'Balances in Local Currency' only?
    166. What is 'Line Item Display'?
    167. What is 'Archiving'? How does it differ from 'Deletion'?
    168. Tell me the two uses of 'Blocking' an account.
    169. How do you configure the GL a/c for the 'House Bank'?
    170. What is an 'Intermediate Bank'?
    171. Explain 'Intercompany Postings.'
    172. How can you manually 'clear' 'Open Items'? When?
    173. How do you perform 'Period Closing' in SAP?
    174. What is 'Pre-closing'?
    175. Explain 'Financial Closing.'
    176. What is a 'Financial Statement Version'?
    177. What items are required in a 'Financial Statement Version'?
    178. How do you ensure 'correct' balances in the 'Financial Statement Version'?
    179. How do you perform 'Annual Closing' in SAP?
    180. Explain 'Managerial Closing.'
    181. What is the 'New FI-GL' in FI in ECC?
    ACCOUNTS RECEIVABLE
    182. Explain 'Customer/Vendor Master Records.'
    183. Who is an 'Alternate Payee'?
    184. What is the 'Trading Partner' concept?
    185. Explain 'Tolerance' in transaction processing.
    186. What is 'Dual Control' in master records?
    187. What is a 'Bank Directory' in SAP?
    188. What is a 'House Bank'?
    189. Explain a 'Sales Cycle' in SAP.
    190. Explain 'Automatic Account Assignment' in SD.
    191. Explain 'Revenue Account Determination' in SD.
    192. Outline 'Credit Management' in SAP.
    193. What is a 'Credit Check'?
    194. Differentiate 'Static Credit Check' from 'Dynamic Check.'
    195. List the Reports in 'Credit Management.'
    196. How does 'Partial Payment' differ from 'Residual Payment'?
    197. What is 'Payment Advice'?
    198. Describe 'Lockbox' processing.
    199. How can 'Reason Codes' help with incoming payment processing?
    200. What is 'Dunning' in SAP?
    201. What is a 'Dunning Procedure'?
    202. What is the 'Dunning Area'?
    203. Describe the 'Dunning' process.
    204. Can you 'dun' customers across 'Clients' in a single 'Dunning Run'?
    205. What differentiates one 'Dunning Level' from another?
    206. How many 'Dunning Levels' can be defined?
    ACCOUNTS PAYABLES
    207. Explain the 'Account Payables' submodule.
    208. What documents result from 'Procurement Processes'?
    209. Describe a 'Purchase Cycle.'
    210. What is a 'Purchase Requisition' (PR)?
    211. What is a 'Request for Quotation' (RFQ)?
    212. What is an 'Outline Agreement'?
    213. What is a 'Contract'?
    214. What is a 'Release Order'?
    215. What is a 'Scheduling Agreement'?
    216. What is a 'Quotation'?
    217. What is a 'Purchase Order' (PO)?
    218. What is a 'PO History'?
    219. Will the FI document be created with the Purchase Order (PO)?
    220. Explain FI-MM Integration.
    221. What happens, in SAP, when you post a 'Goods Receipt'?
    222. Explain 'Invoice Verification' (IV) in SAP.
    223. How do you deal with 'Tax' when you post an invoice?
    224. What 'Variances' do you come across in Invoice Verification?
    225. Outline 'Vendor Payments' in the SAP system.
    226. Explain 'Automatic Payment Program.'
    227. Explain 'Automatic Payment Program' Configuration.
    228. How do you execute an 'Automatic Payment Program'?
    229. Can you pay a vendor in a currency other than the invoice currency?
    230. What is a 'Payment Block'?
    231. How do you release 'Blocked invoices for payments'?
    232. What is the 'Account Assignment Category'?
    233. What is a 'Credit Memo'?
    234. What are 'Special GL Transactions'?
    235. Differentiate 'Free Offsetting Entry' from a 'Statistical Posting.'
    236. What is a 'Noted Item'?
    ASSET ACCOUNTING
    237. Explain 'Asset Accounting' (FI-AA).
    238. What is a 'Lean Implementation' in FI-AA?
    239. What are the kinds of 'Assets' in SAP?
    240. Explain 'Complex Assets' and 'Asset Subnumbers.'
    241. What is a 'Group asset' in SAP? When you will use this?
    242. What is a 'Asset Super Number' in SAP?
    243. What is a 'Chart of Depreciation'? How does it differ from a 'Chart of Accounts'?
    244. How do you create an 'Asset Accounting Company Code'?
    245. What is 'Depreciation'? Explain the various types.
    246. Define 'Depreciation Areas.'
    247. How do you set up 'Depreciation Area postings' to FI from FI-AA?
    248. What is an 'Asset Class'?
    249. Why do you need 'Asset Classes'?
    250. What is an 'Asset Class Catalog'?
    251. Is it possible to create 'Asset Classes' automatically?
    252. What is an 'Asset Value Date'?
    253. What is an 'Asset Master'?
    254. Explain the two ways used to create 'Asset Masters.'
    255. Is it possible to create multiple assets in a single transaction?
    256. What is the 'Time-dependent Data' in an asset master?
    257. Explain 'Asset Acquisition.'
    258. What are automatically set in the asset masters during 'Initial Acquisition'?
    259. Why it is necessary to 'Block' an asset master record?
    260. How do you 'Delete' an asset master?
    261. What is an '(Asset) Transaction Type' in FI-AA?
    262. Explain 'Assets under Construction' (AuC) in SAP.
    263. How do you capitalize AuC in SAP?
    264. What do you mean by 'Low Value Assets'?
    265. Explain 'Asset Transfer' in SAP.
    266. What is a 'Transfer Variant'?
    267. Explain 'Asset Retirement' in FI-AA.
    268. Describe transfer of 'Legacy Asset Data' to SAP.
    269. Outline 'Automatic Transfer of Old Assets.'
    270. What is an 'Asset Transfer Date'?
    271. Describe 'Mass Change.' How do you achieve this?
    272. What is 'Periodic Processing' in FI-AA? Explain.
    273. What is a 'Depreciation Key'?
    274. What is an 'Internal Calculation Key'?
    275. What is known as a 'Depreciation Run' in SAP?
    276. Explain the various steps in a 'Depreciation Run.'
    277. How does the system calculate 'Depreciation'?
    278. Explain 'Derived Depreciation.'
    279. What is known as a 'Repeat Run' in the depreciation process?
    280. What does 'Restart a Depreciation Run' mean?
    281. What is 'Depreciation Simulation'?
    282. What is a 'Sort Version'?
    283. Can you select 'Direct FI Posting' for a 'Depreciation Run'?
    284. Explain 'Year Closing' in FI-AA.
    285. Explain 'Asset History Sheet.'
    286. What is an 'Asset Explorer'?
    287. Explain 'Production Set-up' in FI-AA.
    CONTROLLING (CO)
    LOGISTICS
    MISCELLANEOUS
    SAP TABLES
    SAP TRANSACTION CODES
    SAP TERMINOLOGY
    ABOUT THE CD-ROM
    INDEX
    • Create BookmarkCreate Bookmark
    • Create Note or TagCreate Note or Tag
    • PrintPrint
    Share this Page URL
    Help

    FINANCIAL ACCOUNTING (FI) > 182. Explain 'Customer/Vendor Master Records.' - Pg. 105

    F INANCIAL A CCOUNTING (FI) 105 ACCOUNTS RECEIVABLE 182. Explain `Customer/Vendor Master Records.' There are three categories of data maintained in a typical master record for a customer: General Data Company Code Data Sales Area Data (for customers)/Purchasing Organization Data (for vendors)