In our modules, what did we assign credit control area to?
What is sales area
100
This is a collection of all G/L accounts
What is a Chart of Account?
100
These types of accounts are what automatic postings are automatically made to in the case of Invoice Verification and Inventory Management transactions relevant to Financial and Cost Accounting.
What are G/L accounts?
100
The key organizational elements in fulfillment for which material master data are defined?
What is client, sales organization, distribution channel, and plant?
200
How many company codes can a centralized credit control area control?
As many company codes the enterprise has.
200
This is also known as a Valuation Modifier.
What is a Valuation Grouping Code
200
This is the first folder you click on when trying to configure your automatic postings, after clicking on the SAP Customizing Implementation Guide.
What is Materials Management?
200
In this task you are in the "____ ____" transaction again, rather than the "____ ____" transaction.
What is "create material" and "change material"?
300
Give one reason why effectively controlling credit terms offered to customers is important.
To ensure customers pay timely.
300
This is a three character code, which is used to break account determination down by movement type.
What is an Account Grouping Code?
300
When you are configuring automatic postings for Global Bike, you enter the system settings for these two things.
What is inventory management and invoices?
300
If one user department has already stored data on a material in a maerial master record, and you work in another user department and want to enter data on the same material, you...
What is extend a material record if the same user department wants it to include data for other organizational levels?
400
In which type of credit control area would a customer have different credit limits in each company codes?
What is decentralized credit control area
400
This indicates the posting rule that always contains the same account assignment for a certain transaction or event.
What is a Value String
400
These two accounts are what posting lines are created in, in the case of a goods issue for a cost center.
What is a stock account and consumption account?
400
You also extend a material record if the same user department wants it to include data for...
What is other organizational levels?
500
What is the importance of extending credit to customers in businesses?
If customers aren't extended credit, they will go to competition instead of buying your product.
500
When configuring your automatic postings, "this" component is the only thing missing from the following list:
Chart of Account, Valuation Grouping Code, Account Grouping Code, and Value String.
What is a valuation class?
500
When configuring automatic postings for transactions in materials management that make postings to accounts in financial accounting, this is automatically determined.