Financial Closing
"Which closing activities are performed for external reporting as per SAP best practices?
Note: There are 2 correct answers to this question."

• A.Update product cost estimates with standard prices.
• B.Regroup receivables and payables on the balance sheet.
• C.Perform valuations of open items in foreigh currency.
• D.Run pla assessment cycles for profit centers.

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Accounts Payable & Accounts Receivable
"In your system, you currently perform manual outgoing payments and you want to use the automatic payment program.
Which settings must you maintain as part of the configuration of the automatic payment program?
Note: There are 2 correct answers to this question."

• A.Paying company code
• B.Bank determination
• C.Payment terms
• D.Payment blocks

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Accounts Payable & Accounts Receivable
For which special G/L indicator do you specify a target special G/L indicator?

• A.Customer down payment
• B.Vendor down payment request
• C.Guarantee given
• D.Bill of exchange

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Accounts Payable & Accounts Receivable
"What you can control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this question."

• A.The account where a residual item is posted.
• B.The document type of the payment.
• C.The exclusing of disputed residual items from credit limit checks.
• D.The type of payment notice sent to customer.
• E.The special G/L indicator for the down payment

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General Ledger Accounting
How does the system perform the normal reversal of a journal entry?

• A.It creates an inverse posting by decreasing the transaction figures
• B.It creates an inverse posting by resetting the transaction figures
• C.It creates the inverse posting of a cleared document before resetting it
• D.creates an inverse posting by increasing the transaction figures

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