Quiz 3
SAP ERP Order-to-Cash Quiz
Test your knowledge of the Order-to-Cash process in SAP ERP with this comprehensive quiz. Covering various aspects of customer transactions, credit management, and financial accounting, this quiz is designed for enthusiasts and professionals alike.
Key features of the quiz:
- Multiple choice questions
- Focus on practical SAP ERP applications
- Ideal for students and professionals
Q1. Which of the following is NOT a method of processing receipts of customer payments in SAP ERP?
The cash journal (for e.g. Cash receipts from customers).
Debit memos
Manual bank statements
Down payment processing
Q2. Which of the following statements about open item clearing in SAP ERP is correct?
'Post with clearing' is not possible in cases in which a customer is entitled to a cash discount
'Account clearing' means that all open items in an account are reversed
'Clearing an open item' means reversing it
Customer payments posted through the cash journal do not automatically clear open items
*Q3. Which of the following statements about automatic payments in SAP ERP is INCORRECT? During a AP payment run...
The system always creates payment media
The system selects the preferred bank account for each payment method
The system posts payments and clears open items
The system performs a due date check for open items
*Q4. Which of the following statements about the Order-to-Cash Process in SAP ERP is CORRECT?
Quotations to customers are created with reference to a purchase order
Billing/Invoicing a customer can only be done in Accounts Receivables
A sales order entered into the system creates debits and credits in accounting
Condition master records can be used to determine the various pricing elements in sales document
Q5. Which of the following statements about Credit Management with SAP ERP is INCORRECT?
All settings for credit management refer to a 'credit control area'
When a customer is created in a certain company code, the system automatically creates a credit management master record
If the credit limit of a customer is exceeded, customer invoices cannot be posted to this customer account any more
Customer credit master data includes fields like 'credit limit' and 'risk category'
*Q6. Which of the following statements is CORRECT? A 'sales order' in SAP ERP ...
Requires a customer master data record and a material master record, both of which contain sales and accounting data
Creates a posting in accounting
Is always the first document in the sales process
Creates a journal entry in accounting
Q7. Which of the following statements is CORRECT? In SAP ERP, 'special General Ledger transactions' are used to:
Reconcile transactions into a special (not the regular) General Ledger account for financial reporting purposes
Are not reconciled with the General Ledger
Post transactions to special ledgers
Post AR or AP transactions directly into the general ledger instead of recording them with the respective customers and vendors
Q8. Which of the following statements about the Order-to-Cash Process in SAP ERP is INCORRECT?
When the picking quantity is entered and saved, the system posts the relevant debits and credits in accounting
Outbound deliveries can be created collectively based on delivery due dates
Shipping processes are controlled by outbound delivery documents, and may contain sub-processes such as picking and packing of items and posting the 'goods issue'
The 'document flow' function displays the various steps in the order-to-cash process which have already been processed
Q9. Which of the following statements about customer transactions in SAP ERP is CORRECT?
If a customer payment amount is lower than required amount, the system will always 'tolerate' (=expense) the payment difference
Customer payments can only be posted in the system if they are linked to an open item
Customer invoices and payments always have to be processed in one single transaction
'Post with Reference' means entering and posting a document with reference to an existing document
Q10. Which of the following statements about master data in SAP ERP is INCORRECT?
'Terms of Payment' entered in a customer master record can be overwritten during invoice processing
Credit management related information about a customer is automatically created when sales and distribution data is saved for the customer
The 'account group' of a customer is part of the 'general data' of the master record
If two company codes within a single SAP client supply the same customer, then each company code has to create and maintain its own accounting-related customer data
*Q11. Which of the following statements about the Order-to-Cash Process in SAP ERP is CORRECT?
Customer payments can be processed either in the Sales and Distribution module, or in Financial Accounting
Billing documents can be generated collectively based on billing due lists
Sales orders are in status 'incomplete' until they are printed out
Once a sales order is saved in the system, the stock level of the sales order items is reduced accordingly
Q12. Which of the following statements about Customer (AR) in SAP ERP is CORRECT?
FI postings to customers can only be made if "sales area" data has been created for that customer
Customer master records can be parked
The 'tax code' is a required entry in every customer master record
If customer payments are not cleared at the time of entry, they can be subsequently clearing using "account clearing"
Q13. This question requires the use of the SAP ERP system (client 401): Which of the following statements about Customer X1000 in company code 1000 and sales area 1000-01-01 is CORRECT?
Sales order number 41 was based on Quotation 00200000012
Sales Order number 41 has been fully processed, including the posting of a financial accounting invoice and the clearing of that invoice
Sales order number 40 resulted in a goods issue which was posted by user AIADMN
The accounting invoice resulting from sales order number 40 was cleared with a payment as per 14.11.2010; the amount paid by the customer was $9,240
*Q14. This question requires the use of the SAP ERP system (client 401): Which of the following statements about customer # X100 in company code 1000 is CORRECT?
Most of the transactions with this customer occurred in 2020
The total amount of currently OPEN ITEMS exceeds $4,000
The 2 open invoices for this customer, which are still open, were posted by user A04
There are currently 3 OPEN ITEMS, all of which are overdue
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