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| Section | Objectives |
|---|---|
| Accounts Receivable and Accounts Payable | - Incoming and outgoing payments - Dunning and correspondence - Vendor master data - Customer master data |
| Closing Operations and Reporting | - Balance carryforward - Standard Financial Accounting reports - Period-end closing - Financial statements |
| Asset Accounting | - Asset acquisitions and retirements - Asset master records - Depreciation processing |
| General Ledger Accounting | - Document posting and processing - Chart of accounts - G/L master records - Taxes and foreign currency valuation |
| Integration with Other SAP Components | - Integration with Sales and Distribution - Integration with Controlling - Integration with Materials Management |
| Organizational Structures in Financial Accounting | - Client and company organizational units - Business area concepts - Company code configuration |
Question 1
To add customer fields to FAGLFLEXT they have to be added to account assignment block
A. false
B. true
Question 2
CORRECT TEXT
............................... is necessary if vendor accounts contain open items in a foreign currency.
Question 3
CORRECT TEXT
If we use additional ledgers such as FI-SL, and/or parallel currencies, we have to run the balance carryforward using program.....................
Question 4
Multiple/non-leading ledgers are useful for portraying accounting in accordance with different accounting principles
A. false
B. true
Question 5
An asset class consists of two main sections: (Choose Two)
A. None of the above
B. All of the above
C. A depreciation section with control parameters and default values for depreciation terms for each depreciation area
D. A master data section with control data and default values for the administrative data in the asset master record
Solutions:
| Question 1 Answer: B | Question 2 Answer: Only visible for members | Question 3 Answer: Only visible for members | Question 4 Answer: B | Question 5 Answer: C,D |
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