Receivables and Payables

1.

Your company uses the Ledger Approach for Parallel Accounting. Which of the following customizing settings are required for the Foreign Currency Valuation run?

There are two correct answers.

Assign an Accounting Principle to a Valuation Method

Assign an Accounting Principle to a Ledger Group

Assign an Accounting Principle to a Valuation Area

Assign an Accounting Principle to a Delta Posting Variant

2.

You carry out foreign currency valuation after creating financial statements.

Choose the correct answer.

True

False

3.

Which of the following procedures are available to check the balance of receivables and payables in balance confirmations?

There are three correct answers.

Balance confirmation

Balance notification

Balance adjustment

Balance request

4.

You can specify one address ID per company code in customizing to which balance confirmations are sent.

Choose the correct answer.

True

False

5.

In a valuation method, which of the following is not a valuation approach for foreign currency valuation?

Choose the correct answer.

Lowest value principle

Strict lowest value principle

Revalue only

High rate of interest principle

6.

During balance confirmation, an output check and an error list are generated for each client.

Choose the correct answer.

True

False

7.

In SAP S/4HANA you assign the value adjustment key for the automatic flat-rate individual value adjustments on FI document level.

Choose the correct answer.

True

False

8.

Before creating financial statements, you must group your receivables and payables according to their remaining life so that they are correctly displayed in the financial statements.

Choose the correct answer.

True

False

9.

You cannot change the reconciliation account in the customer or vendor master record during a fiscal year.

Choose the correct answer.

True

False

10.

The system posts the realized exchange differences in foreign currency during open item clearing.

Choose the correct answer.

True

False

Knowledge quiz

Your company uses the Ledger Approach for Parallel Accounting. Which of the following customizing settings are required for the Foreign Currency Valuation run?

You carry out foreign currency valuation after creating financial statements.

Which of the following procedures are available to check the balance of receivables and payables in balance confirmations?

You can specify one address ID per company code in customizing to which balance confirmations are sent.

In a valuation method, which of the following is not a valuation approach for foreign currency valuation?

During balance confirmation, an output check and an error list are generated for each client.

In SAP S/4HANA you assign the value adjustment key for the automatic flat-rate individual value adjustments on FI document level.

Before creating financial statements, you must group your receivables and payables according to their remaining life so that they are correctly displayed in the financial statements.

You cannot change the reconciliation account in the customer or vendor master record during a fiscal year.

The system posts the realized exchange differences in foreign currency during open item clearing.