Podcast
Questions and Answers
How does the system behave when 7 units are rejected and returned to the vendor after receiving 97 units?
How does the system behave when 7 units are rejected and returned to the vendor after receiving 97 units?
What entries does the system pass at invoice verification for a non-valuated goods receipt with account assignment?
What entries does the system pass at invoice verification for a non-valuated goods receipt with account assignment?
When an invoice is parked, does the system post an account entry in the books of accounts?
When an invoice is parked, does the system post an account entry in the books of accounts?
False (B)
What are the prerequisites to handle materials in batches?
What are the prerequisites to handle materials in batches?
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Incoterms are stored in vendor master at which level?
Incoterms are stored in vendor master at which level?
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When will you select Subsequent Debit in an Invoice Document?
When will you select Subsequent Debit in an Invoice Document?
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What are the features of Purchase-order-Based Invoice Verification?
What are the features of Purchase-order-Based Invoice Verification?
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Where do you enter the delivery note number during invoice verification entry?
Where do you enter the delivery note number during invoice verification entry?
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From where does the system pick the default quantity of an item when you post invoice receipt?
From where does the system pick the default quantity of an item when you post invoice receipt?
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When you post a subsequent credit, which of the following are possible?
When you post a subsequent credit, which of the following are possible?
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Can you inform the vendor of the cause of invoice reduction in the letter of complaint while performing Total-Based Invoice reduction?
Can you inform the vendor of the cause of invoice reduction in the letter of complaint while performing Total-Based Invoice reduction?
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Vendors current prices are stored in ____.
Vendors current prices are stored in ____.
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In Invoice Plan which indicator should not be ticked in the purchase order?
In Invoice Plan which indicator should not be ticked in the purchase order?
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Valuation level can be at:
Valuation level can be at:
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Tax value is recorded at which level?
Tax value is recorded at which level?
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In order to create a purchase order item for a non-valuated material, you need the ____.
In order to create a purchase order item for a non-valuated material, you need the ____.
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Info record can be stored at ____.
Info record can be stored at ____.
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When posting an invoice for a foreign vendor in foreign currency, what is the characteristic of the invoice document?
When posting an invoice for a foreign vendor in foreign currency, what is the characteristic of the invoice document?
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Can two plants have a common storage location?
Can two plants have a common storage location?
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Which of the following influences the field selection for the material master?
Which of the following influences the field selection for the material master?
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Field selection in vendor key is controlled by ____.
Field selection in vendor key is controlled by ____.
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Source list can contain:
Source list can contain:
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How many company codes can be assigned to a plant?
How many company codes can be assigned to a plant?
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What will happen when you release material from the GR blocked stock?
What will happen when you release material from the GR blocked stock?
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In MIGO, 'Goods Issue' can be done against:
In MIGO, 'Goods Issue' can be done against:
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When you perform material receipt through movement type 101, which of the following options are valid?
When you perform material receipt through movement type 101, which of the following options are valid?
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Study Notes
### Delivery Completion Indicator
- System cancels the delivery completed indicator when the quantity received is less than the ordered quantity.
- The system permits users to reset the delivery completed indicator if the received quantity is less than the ordered quantity.
Invoice Verification and Goods Receipts
- The system debits the consumption account and credits the vendor account when verifying an invoice for a purchase order with a non-valuated goods receipt.
- The system does not post an account entry when an invoice is parked.
Batch Management
- Activating batch management in the material master and defining the batch master are prerequisites to handling materials in batches.
Incoterms and Vendor Master
- Incoterms are stored in the vendor master at the purchasing organization level.
Subsequent Debit in Invoice Document
- Subsequent debit in the invoice document can indicate an additional cost to the vendor and an excess payment.
Purchase-Order-Based Invoice Verification
- All items in the purchase order are presented during purchase-order-based invoice verification.
- The invoice quantity shouldn't exceed the actual delivered quantity, and the system suggests the difference between the delivered and invoiced quantities.
Delivery Note Number Entry in Invoice Verification
- The delivery note number is entered in the allocation area during invoice verification.
Default Quantity in Invoice Receipt
- The system retrieves the default quantity for an invoice item from the purchase order history.
Subsequent Credit Posting
- The invoice quantity remains unchanged when posting a subsequent credit.
- The value invoiced is reduced, and the PO history and material document are updated when posting a subsequent credit.
Invoice Reduction and Vendor Information
- It's possible to inform the vendor about the cause of invoice reduction in the letter of complaint during a total-based invoice reduction.
Vendor Prices and Info Records
- Vendor current prices are stored in info records.
Invoice Plan Indicators
- The "Good Receipts" indicator should not be selected in an invoice plan for a purchase order.
Valuation Level and Tax Value
- The valuation level can be at the company code and plant level.
- The tax value is at the item level.
Non-Valuated Materials
- An account assignment category is required to create a purchase order item for a non-valuated material.
Info Record Storage
- Info records are stored at the plant + purchase organization level.
Foreign Vendor Invoice Posting
- A fixed exchange rate is defined in the purchase order when posting an invoice for a foreign vendor in a foreign currency.
Plant and Storage Location
- Two plants cannot share a common storage location.
Field Selection in Material Master
- The material type influences the field selection in the material master.
Field Selection in Vendor Key
- The account group controls the field selection in the vendor key.
Source List Content
- A source list can contain block and preferred/fix sources.
Company Code and Plant
- Only one company code can be assigned to a plant.
Material Release from GR Blocked Stock
- Releasing material from the GR blocked stock creates a material document and updates the purchase order.
Goods Issue in MIGO
- Goods issue in MIGO can be done against orders and reservations.
Material Receipt Through Movement Type 101
- Posting material receipt through movement type 101 updates the purchase order history, allows posting to quality inspection stock with and without withdrawal for consumption, and allows users to choose the stock type.
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Description
Test your knowledge on invoice verification, delivery indicators, and batch management processes. This quiz covers essential concepts like Incoterms and the impact of subsequent debits on vendor accounts. Enhance your understanding of purchasing and supply chain management with these essential practices.
