Accounting Payment Management Quiz

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Questions and Answers

When should the 'Read' button on the recording panel be pressed?

To capture text in a message screen for future data binding. (correct)

To capture dynamic content that changes every execution.

To capture a static label on the screen for verification.

To capture a value in a text field for variable storage. (correct)

At which stage of the integrated sales process is a balance sheet relevant?

Quotation.

Sales order creation.

Goods issue. (correct)

Sales order confirmation.

Which are characteristics of a public cloud?

Multitenant server. (correct)

Lower total cost of ownership. (correct)

Higher total cost of ownership.

Single tenant server.

What distinguishes the line items in the entry view from those in the general ledger view of a journal entry?

The entry view has as many or more line items than the general ledger. Signup and view all the answers

To produce additional financial statements according to Local GAAP, which reporting dimension is used?

Ledger group. Signup and view all the answers

What element identifies the business transaction for asset postings?

The asset class. Signup and view all the answers

Which of the following is NOT a reason to capture a static label on the screen?

To store it for future transactions. Signup and view all the answers

What is true about the multitenant server characteristic of a public cloud?

Multiple customers share the same server resources. Signup and view all the answers

Which fields can be configured as mandatory in the document header of a general ledger posting?

Posting Date Signup and view all the answers

What actions can you carry out during a depreciation posting run? (Select all that apply)

Reverse the posting documents of the depreciation run Signup and view all the answers

What is one way to identify an asset number as a main asset number?

Absence of any prefix for the asset number Signup and view all the answers

Which of the following are results of conducting an automatic payment run?

Payment media Signup and view all the answers

Which of the following describes the control enforceable by the journal entry type in a general journal document posting?

It identifies the number of allowable line items Signup and view all the answers

Which of the following options are correct when troubleshooting? (Select all that apply)

Check the space and page(s) assigned to the role Signup and view all the answers

In the Extensibility context, which application can show the remaining business capacity for extension items?

Extensibility Cockpit app Signup and view all the answers

In which structure do you define where the accounts appear in the financial statement?

Financial statement version Signup and view all the answers

What formatting stipulations apply to the available fields in the Fl document during posting?

Some fields can be left empty if not applicable Signup and view all the answers

How does an implementation consultant support the customer expert during Fit-to-Standard workshops? (Select all that apply)

Demonstrate SAP Best Practice business processes in the starter system Signup and view all the answers

Which of the following actions are permissible when managing dunning blocks at the account level?

Change dunning frequency settings Signup and view all the answers

Which activities are completed in the Realize phase of the SAP Activate Methodology? (Select all that apply)

Enter configuration values in SAP Central Business Configuration Signup and view all the answers

When do you specify the data retention period in the SAP S/4HANA Migration Cockpit?

When the project status is 'Finished' Signup and view all the answers

Which editing options are available in the dunning proposal list? (Select all that apply)

Change the dunning level of an open item Signup and view all the answers

What is the primary purpose of checking the business role template?

To ensure correct role configurations Signup and view all the answers

Which of these is NOT a task performed during the Realize phase of implementation?

Setting up the project infrastructure Signup and view all the answers

Which items are included in a completed Digital Discovery Assessment?

Known integration requirements Signup and view all the answers

What type of extensibility involves using SAP Business Technology Platform to host a custom extension?

Side-by-side extensibility Signup and view all the answers

What potential functions can reason codes serve when processing payments?

Control of the type of payment notice sent to a customer Signup and view all the answers

What is employed to analyze, design, and document the integration strategy after finalizing integration requirements?

Integration Solution Advisory Methodology Signup and view all the answers

What are the effects of posting a goods issue in inventory management?

It posts an accounting document Signup and view all the answers

Which of the following are steps in the automated payment run process?

Schedule Invoice Run Signup and view all the answers

What is NOT a function of reason codes in payment processing?

Cancel a customer order Signup and view all the answers

Which types of extensibility allow for customization directly on the SAP platform without external tools?

Key user extensibility Signup and view all the answers

Which options can be used to manage payment differences?

Payment on account Signup and view all the answers

On what level can you restrict postings using the posting period variant?

G/L account Signup and view all the answers

Where should you look for a solution process if a prepackaged one is unavailable in SAP Signavio Process Navigator?

SAP Business Accelerator Hub Signup and view all the answers

Which activities applied to the entire system cannot be changed after confirmation in SAP Central Business Configuration?

Fiscal year variant Signup and view all the answers

For what purposes have SAP S/4HANA Cloud Business Workflows been designed?

To create business processes with minimal personnel involvement Signup and view all the answers

Which systems are used to implement SAP S/4HANA Cloud Public Edition for a customer?

Trial system Signup and view all the answers

What are the main functionalities of SAP Central Business Configuration?

Modular scoping Signup and view all the answers

What is a key characteristic of business processes created in SAP S/4HANA Cloud?

They involve complex, iterative work processes Signup and view all the answers

Study Notes

Payment Management Options

Options to manage payment differences include Payment on Account, Partial Payment, and Residual Payment.
Return Payment and Individual Value Adjustment are not considered correct answers.

Posting Period Variant Restrictions

Restrictions can be applied at the Customer Reconciliation Account and G/L Account levels.
Fixed Asset Number and Supplier Account are not applicable.

Finding Integration Solutions

If prepackaged solutions are not available in SAP Signavio Process Navigator, the SAP Business Accelerator Hub should be consulted.

Unchangeable System Activities

Group Currency and Fiscal Year Variant cannot be altered after confirmation in SAP Central Business Configuration.
Scoping and Configuration Activities are not in this category.

SAP S/4HANA Cloud Business Workflows

Designed for simple release procedures, complex business processes with multiple participants, and iterative work processes.
Creating cross-product workflows and standard procedures is not a primary focus.

Systems for Implementing SAP S/4HANA Cloud Public Edition

Sandbox, Development System, and Test System are utilized for implementation.
Starter System and Trial System are excluded.

Test Automation Process Step

The "Read" button is used to capture values for variables and text for data binding during test execution.
Capturing static labels or error messages is not included.

Relevant Accounting Document Creation

A balance sheet relevant document is created at the Goods Issue stage within the integrated sales process.

Characteristics of Public Cloud

Features include lower total cost of ownership and multitenant server architecture.
Perpetual licensing and on-premise software installation are not characteristics.

Journal Entry Line Items

The general ledger view contains more or an equal number of line items compared to the entry view.
The entry view specifically shows subledger accounts while the general ledger view encompasses profit centers.

Reporting According to Local GAAP

Reporting according to Local GAAP requirements is managed through the Ledger Group dimension.

Identifying Business Transactions for Asset Postings

The transaction type is the key element identifying business transactions for asset postings.

Troubleshooting Roles

Troubleshooting involves checking assigned space and pages, role restrictions, and the Role Maintenance app.
Business role templates are also part of the review process.

Financial Statement Structure Definition

The financial statement version determines where accounts are presented in financial reporting.

Implementation Consultant Support in Workshops

Consultants demonstrate SAP Best Practices and highlight areas needing configuration decisions during Fit-to-Standard workshops.

Realize Phase Activities

In the Realize phase, configuration values are entered in SAP Central Business Configuration, and manual test cases are set up in SAP Cloud ALM.

Data Retention Period Specification

The data retention period in the SAP S/4HANA Migration Cockpit is specified when the project status is "Finished."

Dunning Proposal List Editing Options

Options include changing the dunning level of an open item, editing dunning blocks at line item and account levels.

Journal Entry Type Control

Controls which fields in the document header are mandatory and the assigned document number during general journal document postings.

Depreciation Posting Run Options

Depreciation can be run separately for each ledger, and a test run can be processed for individual assets.

Document Header Fields in General Ledger Posting

Posting Date and Journal Entry Type are key fields that can be defined on the document header.

Automatic Payment Run Results

Results of an automatic payment run include a payment log, payment documents, and payment media.

Identifying Main Asset Number

An asset number is identified as a main asset number by the prefix -0.

Available Business Context Capacity

The Extensibility Inventory app and Custom Reusable Elements app display available business context capacity for extensions.

Digital Discovery Assessment Capture

Business role requirements and known integration requirements are captured in a completed Digital Discovery Assessment.

Extensibility with SAP Business Technology Platform

The platform is utilized for side-by-side extensibility-related custom extensions.

Functions of Reason Codes in Payments

Reason codes enable automatic posting of residual items, control the account for postings, and govern payment notice types sent to customers.

Analyzing Integration Strategy

The Integration Solution Advisory Methodology is utilized to analyze and design integration strategies post-finalization of requirements.

Goods Issue Posting Effects

Goods issue postings lead to a reduction in inventory value and the generation of an accounting document.

Automated Payment Run Steps

Steps include maintaining parameters, scheduling the proposal run, and scheduling the payment run.

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Description

Test your understanding of payment management options and posting period restrictions in accounting. This quiz covers key concepts such as return payment, payment on account, and the various ways to manage postings.