Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

When price variances occur in an invoice item for stock material, the account movements depend on how the material is valuated (Prerequisite: goods receipt posted before invoice receipt).

Choose the correct answer.

True

False

100 pieces of a material were ordered at the price of 5 EUR per piece for the stock. 20 pieces have already been delivered for this purchase order. Now you receive an invoice for this purchase order in which 30 pieces are invoiced at a price of 10 EUR. What amount is posted to the GR/IR clearing account?

Choose the correct answer.

150 EUR

200 EUR

250 EUR

300 EUR

When you have deleted all your individual blocking reasons and saved your changes, the system releases the invoice for payment.

Choose the correct answer.

True

False

If you set an upper and lower tolerance limit for blocking invoices in the system, and if the variance exceeds the upper limit, the system issues a warning message without blocking the invoice.

Choose the correct answer.

True

False

For which of these variances can you store tolerance limits for invoice verification?

There are two correct answers.

Amounts for items without reference to a purchase order (PO)

Overdelivery at goods receipt

Time limit exceed for blanket purchase order

Variances from the standard price material valuation

An invoice can be blocked depending on the quality inspection of any materials it contains. Which of the following statements apply in this case?

There are three correct answers.

The invoice is blocked automatically when the goods receipt (GR) is posted as stock in quality inspection, but not yet transferred to unrestricted-use stock at the time of invoice verification.

Quality management (QM) procurement must be active for the relevant material.

An invoice block occurs if an inspection lot was not released at the time of invoice verification.

For PO-based invoice verification, the system blocks an invoice if there is a inspection lot from a previous delivery that was not released in the relevant purchase order item.

In which of the following situations can you release an invoice automatically?

There are three correct answers.

Today is the delivery date of a purchase order (PO) and the invoice was posted five days ago.

There was a manual payment block that has since been cancelled.

The block occurred due to a quantity variance. The difference quantity has since been delivered.

The block occurred due to a quantity variance. In the meantime, a credit memo for the difference quantity has been posted.

Which of the following are blocking reasons related to variances in an invoice item?

There are three correct answers.

Quantity

Price

Material

Date

Unit of measure

The system allows you to partially reduce an invoice by accepting the price or quantity variance.

Choose the correct answer.

True

False

10.

What do you have to consider when reducing invoices manually?

There are two correct answers.

You must select the correct value for the Correction ID in the item line.

You must use the document type Invoice Reduction.

Only one accounting document is created in total. In this document, the original invoice amount is reduced by the difference.

Two accounting documents are created, an invoice and a credit memo.