Hi Student, You are now taking an examination covering the concepts of the FI Module.

Please go through the instructions furnished below and then take up your examination. The Examination questions are available in the worksheet called Test Instructions: Please read the question carefully and Click on the GREEN Colored Cell. You would see a list box and pick the appropriate answer from the GREEN COLORED LISTBOX provided against the respective questions. Please select your answer from the Listbox only. * DO NOT TYPE YOUR ANSWER MANUALLY! Please ensure that all GREEN COLORED CELLS UNDER Column C are answered as this activity is important for evaluation of your Marks. After answering all Questions, Click on the RED COLORED CELL and Confirm that you have completed the Exam. This activitiy is important for evaluating your Marks.
You can take this test again and again..at your will. WISH YOU SUCCESS!!!!

Test Prepared by :G VidhyaDhar

Area(s) covered TFIN50 Part 2 of 2 (Unit 2 )

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GOOD Test prepared by: G VidhyaDhar

*** Before Taking the Examination, Please RIGHT CLICK on 'Column C' and CLICK 'CLEAR CONTENTS'. Answer must be Provided in Every GREEN Colored Cell . You need not save the worksheet/workbook when you wind up. Question Management of Payables ( viz. Settlement of commitment to vendors through payment) can be carried out a. Manually b. Automatically using the Automatic Payment Program * More than one option may be correct

The APP allows a. Automatic selection of items to be paid b. Automatic creation of payment document(s) c. Print payment media, use DME or generate EDI d. None of the above e. Automatic clearing of unadjusted debits and credits APP can manage payables automatically. It is capable of handling domestic payments as well as international payments. Country specific payment methods and procedures can be configured in APP. Therefore, you can settle your vendor's liabilities to domestic as well as foreign vendors in one payment run. You can include multiple company codes from different countries as parameters for a single APP run

Select the correct statement from below: a. You set parameters,schedule a payment run, edit the proposal and print the payment media a. You set parameters,do payment run,run debit balance check and print the payment media c. You schedule a payment run, edit the proposal and parameters for printing the payment media d. You set parameters, accept or edit the proposal, schedule payment run and print payment media You furnish a Run Date along with an Identification when you want to run APP. The posting date of the payment documents can be defaulted from the run date Vendor liabilities of multiple company codes residing in a country can be paid using a single APP run The order in which you furnish the payment methods as parameters a. Has relevance when you execute an APP run b. Has no relevance when you execute an APP run

Let us assume that your company code is an Indian Company Code. However, your procurement is always from vendors in the United States of America. Your configuration of payment methods in APP a. Must relate to payment methods adopted in India only b. Must relate to payment methods adopted in USA only c. can relate to payment methods adopted in India as well as in the USA d. Payment method configuration is not mandatory to execute APP APP cannot be run for customers as it is primarily used for vendor payments Pick out the correct statements from the following: a. Country specific payment methods form a sub set of company code payment methods b. Company code payment methods form a sub set of country specific payment methods *More than one option may be correct

If you intend running APP your configuration settings include a. All company codes b. Paying company code c. Country specific payment methods d. Company Code specific payment methods e. Bank selection f. House bank determination g. Setting up APP parameters h. Debit balance Check Populating the next posting date as a parameter in APP a. Prevents you from executing more than one APP run in a day b. Optimizes the settlement date considering cash discount benefits During APP configuration a. Bank postings and vendor postings should always occur in a single company code b. Bank postings and vendor postings need not always occur in a single company code SAP allows cross company code payments to be carried out through APP. However, manual payments involving cross company code payments is not possible. You can configure payment tolerance days, discount settings , definition of company code(s) , types of payments allowed and payment method supplements involved in APP. All company codes area is the ideal place for configuring them Details such as minimum amount specifications, BOE specifications, EDI Forms. Texts etc. are always client-specific

You have initiated purchases from a new vendor XYZ Enterprises. However, your payables clerk was not too sure of the vendor's address and therefore left the related fields blank (for subsequent updation upon getting relevant details). You have, in your country specific APP configuration settings, activated checkboxes relating to all vendors' location details. Your vendor acknowledges receipt of a check payment made to him through APP Country specific payment method settings include details such as document types used during APP run, permitted currencies and payment programs associated with APP A blank in permitted currencies section in settings for country specific payment methods in APP indicates a. APP cannot be executed successfully for want of currency specification b. APP can be executed successfully Amount specifications (minimum and maximum) to be considered in APP can vary from company code to company code Various grouping and optimization settings for APP can be configured company code specifically Details such as foreign business partners, their house banks and foreign currencies can be accomodated in APP Payment media related forms are always country specific *More than one option may be correct Configuration settings of Bank selection includes a. a preferential order of house banks to be considered for APP b. value date specifications c. bank amounts available d. Bank related GL sub accounts to be updated e. Incidental expenses/charges relating to APP Currency specifications are configured in country specific payment methods. Therefore, in the bank selection settings, you do not have the choice to define currency/currencies You have created a vendor master without specifying House bank details. However, your APP configuration contains House Bank details. The vendor can never be paid through APP Days until value date, if not configured a. APP can be executed b. APP cannot be executed Free selections , if selected while maintaining parameters, furnishes additional inclusion / exclusion options while running APP

Payment Blocks a. can never be set in documents and line items b. can never be set in vendor master c. may or may not be manually removed d. none of the above options is true The following are editable a. APP Payment Proposal b. APP Payment Run c. APP Payment Proposal as well as APP Payment Run d. Neither APP Payment Proposal nor APP Payment Run After running APP payment run, you do not have to run another program for making automatic GL postings to cash discounts, tax accounts and realized exchange rate gains and losses After an APP run, Header of the related payment and cleared documents get populated with APP ID and Run date reference Business Area wise postings is never possible in APP Each Country-specific payment method has a print program and a minimum of one variant assigned

The function of the print program is to transfer the payment media, advice notes and summary to print administration, DME Payment to DME administration and create Idocs for EDI sub system Payment medium forms can be assigned to company code or to payment methods used by your company code If you use DME, you cannot send the payment medium to the vendor You must carry out a debit balance check before creating the APP payment proposal Any incoming payment without a payment method is taken up for adjustment against payables upon running the debit balance check program *More than one option may be correct

The following reason(s) can throw an exception list when you execute APP a. Incorrect / Incomplete / Absence of details of House bank b. Payment Block in vendor master / document line item(s) c. Debit Balance in vendor's account , especially after running debit balance check d. Absence of / Incorrect / Incomplete /Payment method(s) in vendor master and (or) line item

e. APP Run identification details not mentioned in Business Partner's master record f. Vendor's address details configured in APP but missing in Vendor Master Automating the APP process requires selection variables to take care of time dependent parameters to run the program periodically and may be scheduled

Have you Completed the Test? YES / NO (select from the mauve colored cell) PERCENTAGE SCORED BY YOU IN THIS TEST IS :

78.7 GOOD Test prepared by: G VidhyaDhar

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