SAP FI FAQs – Automatic Account Assignment

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

4.    List three prerequisites for configuring automatic assignments

•    Maintain the Chart of Accounts
•    Assign Plants to a Company Code.
•    Maintain the necessary Material Types.

5.    _________ is the level at which material valuations are carried out.  It corresponds to either a single plant or all plants within a company code.

Valuation Area

6.    The valuation class allows the user to group together materials with similar properties so they can be managed under the same stock account.

True or False

7.    The billing document results in the creation of an invoice sent to the customer.   This is a major integration point between the Production Planning Module and the Financial Accounting Module?

True or False

False. The billing document results in the creation of an invoice sent to the customer.  However, this is a major integration point between the Sales and Distribution and the Financial Accounting Module.

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