The recurring entry program is suitable for posting accruals, since the exact same amount is posted to the same accounts in each period.
A. True
B. False
SAP develops and delivers the application components of the Accrual Engine They cannot be developed by customers.
A. False
B. True
In the application component ?Manual Accruals?, you create the basic data manually via a simple user interface.
A. False
B. True
The basic data is usually subject matter to be accrued based on different contracts, such as rental agreements, insurance contracts, and so on.
A. False
B. True
Payment method. (Choose Three)
A. Cannot be changed after document is posted
B. Can also be change in the proposal
C. Payment method if change after payment proposal in the line items, it has no effect in the current proposal
D. Can be changed after document is posted
Select correct answers. (Choose Three)
A. If vendor is also your customer payment is always been made with net amount in automatic payment run.
B. We can automate the payment process.
C. If vendor is also your customer separate incoming and outgoing payment is recorded for customer and vendor
D. You can automate payment process through solution manager.
E. You can automate payment process through schedule manager.
Just like the motor of a machine, the Accrual Engine itself is not visible for the end user. Instead, the user works with the application components of the Accrual Engine
A. True
B. False
Accrual and Deferral is a periodic activity
A. false
B. true
Triggering situation: Economically, expenses/revenue belong in the current period and are only posted to a subsequent period once an invoice has been received or issued.
A. deferral
B. Accrual
Triggering situation: Expenses/revenue were posted to the current period on receipt/issue of an invoice, but economically they belong, at least partially, in a future period.
A. Deferrals
B. Accruals
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