Term
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Definition
| Contains definitions of all G/L accounts. These definitions include account number, the G/L account designation and the categorization of the G/L account as an income statement or balance sheet account. |
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Term
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Definition
| General Ledger is managed at this level, and from this the required balance sheet and the P/L statement are compiled. |
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Term
| One (Other ledgers can also exist WITHIN the G/L however) |
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Definition
| There are exactly how many leading ledgers with each client? |
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Term
1. Electronic Bill Presentment and Payment (SAP Biller Direct)
2. SAP Dispute Management
3. SAP Collections Management
4. SAP Credit Management
5. SAP Cash and Liquidity Management
6. SAP In-House Cash
7. SAP Treasury and Risk Management |
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Definition
| SAP Financial Supply Chain Management is Comprised of what? (7 things) |
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Term
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Definition
| This is usually based on geographic considerations. This is the smallest SAP entity that supports a full legal set of books. |
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Term
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Definition
| Represents a subactivity of a company, involving the manufacture of a product of provision of a service, with risks and revenues that differ from those of other business segments. |
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Term
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Definition
| Self-contained organizational structure for which costs and revenues can be managed and allocated. |
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Term
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Definition
| How many company codes can be assigned to a controlling area? |
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Term
1. Chart of accounts - high level control features
2. Company code segment - details how company code manages the account |
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Definition
| What are the two segments to the G/L master record? |
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Term
| Suppress, required, display, optional |
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Definition
| 4 field statuses of a field |
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Term
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Definition
| The G/L reconciliation account is not designed for? |
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Term
An organizational unit within the company (like a plant, a line of business, a geographical location
STILL CONSIDERED AS MASTER DATA |
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Definition
| A profit center can represent (3 things) |
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Term
1. Work templates
2. Header data (applies to whole document throughout)
3. Line item information
4. Information area (debits and credits) |
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Definition
| What are the parts to a general ledger account posting? (4 things) [same parts as in an invoice and credit memo entry] |
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Term
1. the account type to be posted
2. whether it is a debit or credit posting
3. which fields of the line item may have or require an entry |
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Definition
| A posting key specifies: (3 things) |
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Term
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Definition
| Master data that is needed by a company to define how that particular company code will process transactions with the vendor/customer is stored where? |
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Term
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Definition
| the various purchasing organizations of the group have to enter data specific to purchasing in the ____ before the supplier's master record can be used. |
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Term
| Corporate groups are required to create balance sheets at segment level but no segment entries exist in two line items which means that the B/S would not be complete. The balance is not zero for the segments and therefore wouldn't be balanced. Also reduces time and effort to enter documents. |
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Definition
| Why is document splitting used? |
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Term
1. posts payment documents
2. clears open items
3. prepares data for the printing of payment media |
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Definition
| What happens during an automatic payment run? (3 things) |
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Term
| GR/IR (Goods receipt/Invoice Receipt) |
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Definition
| An account called _____ is used to make sure that a goods receipt is executed for every invoice. This is used when goods are received (which is when the first posting is made in financial accounting) |
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Term
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Definition
| Customer master records contain data that controls how transaction data is ____. |
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Term
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Definition
| The ______ contains all the data required for checking credit when a sales order is accepted and for the resulting order-related credit decision. |
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Term
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Definition
| A goods issue document is created in ________ and an accounting document is created in ______ so that the goods issue is posted to the correct G/L accounts. |
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Term
debit - (COGS)
credit - Inventory |
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Definition
| In a goods issue, the accounting document debits _____ and credits ______ |
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Term
debits - customer (receivable)
credits - revenue |
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Definition
| In a billing document, the accounting document debits the _____ and credits _____ |
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Term
| An expenditure that is paid through bank accounts precedes what? |
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Definition
| external procurement of services and in-house production follows what? (account types) |
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Term
Tolerance group
(partial payment and residual item) |
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Definition
| The maximum amount that constitutes a minor payment difference is defined in what settings? |
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Term
Required: Company code, business area
Optional: CO Objects, logistic organizational units |
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Definition
| Each asset belongs to: (2 things required, 2 things optional) |
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Term
1. Without a vendor or a purchase order
2. to a vendor but without reference to a purchase order
3.via the materials management using the MM functions (PO, GR, Inv. receipt) |
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Definition
| In FI-AA you can post in these ways: (3 things) |
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Term
| Specifies exactly where the asset posting is listed in the asset history sheet. |
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Definition
| Why is the transaction type nevessary for asset accounting? |
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Term
| asset accounting, general ledger |
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Definition
| Only after the depreciation posting run has been completed is the depreciation actually posted in _____ and in the _______ |
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Term
| Financial statement version |
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Definition
| The ______ determines the structure of the balance sheet and the income statement as far as which accounts map to which line items on the report. |
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Term
| 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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Definition
| What is the purpose of asset explorer? |
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