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IMPORTANT POINTS FROM TFIN50-PART 1

1. A Scenario defines which fields are updated during posting in the ledger.
Scenarios are six types:-
a. Cost center update
b. Preparation of Consolidation
c. Profit center update
d. Cost of sales accounting (sender cost center, receiver functional area)
e. Segment
f. Business area

2. Client: It is the highest organizational unit in the hierarchy. Client is an

independent organizational unit with its own master data and set of
tables.

3. Company Code: It is an independent balancing accounting legal entity.

4. Company: it is an optional organizational unit which is used for

consolidation purposes and obliges commercial law.

5. Field status group sequence:

a. Suppress / hide
b. Display
c. Required entry
d. Optional entry

6. If hidden and required entry is selected for the same field it throws an
error message.

7. The relationship between currencies must be maintained for exchange

rate types and currency pair using translation ratios

8. In direct quotation one unit of foreign currency is quoted for the local
currency. Whereas in indirect quotation, one unit of local currency is
quoted for the foreign currency.

9. G/L account consists of:

a. Chart of accounts segment
b. Company code segment
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10. Account group controls:

a. Number ranges of accounts
b. Field status of the fields in the company code segment of the
master data

11. What is the specific quality that external numbers have?

a. Alpha numeric

12. A document can have 999 line items

13. If we select account currency as local currency we can post both in

local as well as foreign currency.

14. If we select foreign currency as account currency we can only post

in that particular foreign currency.

15. Only balances in local currency

a. This indicator usually set in balance sheet accounts that are not
managed in foreign currencies and not managed on an open item
basis

16. Your operations are in India. You have a branch in USA. How will
you prepare your financial statements as per the country specific
requirements of USA?
a. We use country specific chart of accounts to satisfy the country
specific requirement of USA. We have to assign the country chart
of accounts to our company code.

17. Contents of customer master data:

a. General data
b. Company code data
c. Sales area data

18. Contents of vendor master data:

a. General data
b. Company code data
c. Purchasing organization data

19. To prevent the creation of duplicate accounts for customer or

vendor accounts use the following:
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a. Use match code before you create any account

b. Activate the automatic duplication check

20. The layout of customer / vendor master data screens can be

affected by:
a. Account group specific control
b. Transaction dependent control
c. Company code dependent control

21. When a business partner is both customer as well as vendor we

have to carry out the following steps to clear the open items:
a. You have to enter vendor account number in the customer account
and vice-versa
b. Each company code can decide separately whether it wants to
clear open items between customers and vendors. If the clearing is
to be used, you have to select the clearing with vendor field in the
customer account and the corresponding field in the vendor
account.

22. Permitted payee, alternative payee / payer

23. Customers in some industries place orders locally but pay invoices
centrally. There is a difference between the goods flow and cash flow.
You can reflect this in the SAP system via head office and branch office
accounts.

24. Every document is uniquely identified by the following fields:

a. Document number
b. Company code
c. Fiscal year

25. What are the two important control keys of a document?

a. Document type
b. Posting key

26. Documents types define the following:

a. Number ranges for documents
b. Account type
c. Document header text and reference number
d. Whether invoices are posted with gross or net procedure
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27. One number range can be assigned to several document types.

However, one document type cannot be assigned to several number
ranges

28. Posting key has the following control systems:

a. To which type of account the line items can be posted to
b. If the item is posted as a debit or credit
c. The field status of line items
d. Whether line item is connected to payment transaction
e. Whether the posting is sales relevant

29. Posting periods are defined in the fiscal year variant

30. During year end closing you open special periods for closing
posting

31. During closing two period intervals must be open at the same time
a. One interval should contain special periods. An authorization
group is generally assigned to this interval so that only the people
in this group can carry on the postings
b. The other interval contains normal periods

32. The posting period variant must contain at least the account type
+ which means that the posting period is open for all account types.
Posting periods can be handled differently for different account types
that is for certain posting period postings to customer accounts may be
permitted while postings to vendor account may not.

33. A document has two views namely, entery view and G/L view.
a. If a customer uses classic G/L account the document is only
displayed in one view. The view corresponds to the entry view of
the new G/L account
b. G/L view refers to view of the document in the G/L
c. A document has oly one entry view but it has as many G/L views
as there are line items

34. User specific default values that apply throughout the system are
as follows:
a. Log on language
b. Date format
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c. Decimal notation
d. Printer

35. Posting period is identified by the posting date

36. You can differentiate between document change rules according to

the following criteria:
a. Account type
b. Transaction class ( special G/L transactions)
c. Company code

37. The following are the pre-defined conditions for changing a

document:
a. Posting period is still open
b. The line item is not yet cleared
c. The line item is either a debit in customer account or a credit in
customer account
d. The document is not a credit memo for an invoice
e. The document is not a credit memo from a down payment

38. The following pre-requisites are to be fulfilled to enable negative

postings
a. Your company code permits negative postings
b. Reversal reason must be defined for negative reversal
c. The document type should permit

39. You cannot reverse a document with cleared items. You must first
reset the same to reverse

40. Terms of payment enables the system to calculate cash discount

and invoice due date

41. Base line date refers to the date from which the due date is derived

42. Normally, terms of payment for credit memos are invalid. If the
credit memo can be linked with invoice, the terms of payment in invoice
are applicable.

43. The default values from which the baseline date can be determined
are as follows:-
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a. No default
b. Document date
c. Posting date
d. Entry date

44. Fixed day is used to overwrite the calendar day of the baseline
date.

45. The terms of payments mentioned in the document will override

the terms of payments mentioned in the master data.

46. A cross company code transaction involves two or more

transactions in one business transactions. Example:
a. Central payment
b. Central procurement
c. One company goods sold to other company code.

47. Tax is not distributed between the company codes according to

their expenses. The tax calculated is always posted to the first company
code.

48. The clearing accounts for cross company code transactions can be
G/L account, customer account or vendor account.

49. What are all components of inter company code transaction

number?
a. Document number in first company code
b. First company code number
c. Last two digits of current fiscal year

50. Business transactions are defined at company code level for the
cash journal.

51. Business transaction categories in cash journal are:

a. Expenses (E)
b. Revenues (R)
c. Cash journal to bank (B)
d. Bank to cash journal (C)
e. Accounts receivable (D)
f. Accounts payable (K)
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52. You cannot make an entry in the field of G/L account for
accounting transaction types D & K.

53. Automatic clearing programme groups together the items of an

account based on the following:-
a. Reconciliation account
b. Currency
c. Special G/L indicator
d. Five freely definable criteria from the document header as line
items.

54. Automatic clearing program does not clear the following:-

a. Noted items
b. Statistical postings
c. Certain special G/L transactions
d. Down payments
e. Items with withholding taxes

55. The system automatically fills the assignment number field for a
line item when if post items according to the sort field entry in the
master record.

56. You have the following two additional selection criteria to select
open items.
a. Distribute by age
b. Automatic search

57. The employee tolerance group is used to control:-

a. Upper limits for posting transactions
b. Permitted payment differences

58. The G/L account tolerance group is used to control:

a. Permitted payment differences (For ex: for automatic clearing
procedures)

59. The customer / vendor tolerance groups provide specifications for :

a. Clearing transactions
b. Permitted payment differences
c. Posting residual items from payment differences
d. Tolerances for payment advice notes.
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60. Already we posted to one cost center and how we like to change the
cost center by using substitution rule.

61. Reason codes are used to describe the reason fro the payment
difference. To assign more than one reason code to a payment difference
click on distributes difference. Reason codes can be assigned to
a. Difference postings
b. Partial payments
c. Residual items

62. One gain / loss account can be assigned

a. To all currencies and currency types
b. Per currency and currency type
c. Per currency
d. Per currency type