Quiz 3

Create an image depicting a professional learning environment with a focus on SAP ERP, including an individual interacting with a computer, charts showing financial data, and a background featuring elements related to order-to-cash processes.

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

14 Questions4 MinutesCreated by OptimizingData42

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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