1. The level at which valuation should take place should be determined early in the project. Once the level is set, it cannot be changed.
True or False
2. Which is not an example of Valuation Class?
(a) Finished Products
(b) High priced labor
(c) Raw Materials
(d) Semi-Finished Products
3. The _________ results in the creation of an invoice sent to the customer.
Billing Document
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1. What are the five steps in the Sales Cycle and what Modules do they originate from?
2. Of the five steps listed above, which ones generate accounting documents and what are they?
3. What are all the activities in the Sales Cycle?
Inquiries, Quotations, Sales Order Processing, Credit Management, Delivery Processing, Goods Issue Processing, Billing Document Processing, Incoming Payment Processing, Automated General Ledger Update
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1. The client does not like SAP’s standard document line layouts. Explain how you would assist the client in developing better line layouts.
In Complex Postings, customized line layouts can be developed for fast entry screens. In Enjoy Postings, Screen Variants may be used to modify the line items and document headers.
2. What are automatic line items and how are they used?
Automatic line items are additional lines added to documents by SAP to balance the transaction being entered. These additional lines are based on configuration of “additional account assignments”
3. What are some examples of automatic line items?
Examples include exchange rage differences, balance carried forward, down payments, cash discounts, and tax postings.
1. What is the purpose of the assignment field?
The assignment field is used to sort line items when they are first displayed. It is populated based on the definition of an accounts sort key. This field does not have to be displayed in a line layout. The lines are displayed in the order of numbers, capital letters, lower-case letters.
2. What is a sort key?
The sort key determines what appears in the assignment field. It is made up of at least one field on a document. It may consist of combination of complete and partial fields up to a maximum of 18 characters
3. Can you manually enter data into the assignment field? What affect does this have on the sort key?
Yes, you can manually enter data into the assignment field, which will overwrite the entry made by the sort key.
4. Your client would like to create special views for displaying account line items. How can this be done?
Display Variants can be configured to customize the information displayed in the account line item screen. Changes to the variants may be made directly in the line item screen.
1. Under what circumstances can a document be changed?
Most fields in a document can be changed up until it is posted. After that, only fields that do not have a financial impact can be changed (e.g., text fields). In the document header, only the reference document and text can be changed.
2. For what are document update rules used?
With document update rules, you determine which document fields are allowed to be changed and under what circumstances. They are stored in the “document change rules” table. Note that some fields may not be changed regardless of the specifications in this table.
3. What specific document fields cannot be changed?
Fields mandated by GAAP (Generally Accepted Accounting Principles) cannot be changed (e.g., account number, amount, posting key).
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