1. What are the four steps of the automatic payment process (Please choose the correct sentence)?

a) [ ] Select open invoices, approve and/or modify payments, post payment documents and print payment media. b) [ ] Maintain parameters, generate proposal run, start payment run and schedule print. c) [ ] Approve and/or modify payments, generate proposal run, start payment run and schedule print. d) [ ] Maintain parameters, start payment run, post payment documents and schedule print. e) [ ] Select open invoices, maintain parameters, post payment documents and start payment run. 2. What can we define for the "All Company Codes" section, in the payment program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] Intercompany payment relationships. b) [ ] The company code(s) that process payments. c) [ ] Cash discount. d) [ ] Tolerances days for payments. e) [ ] The customer and vendor transactions to be processed. 3. What is a sending company code (Please choose the correct sentence)? a) [ ] It is a company code that is responsible for processing the outgoing payments. b) [ ] It is a company code that passes the responsibility for processing the outgoing payments to another company code. c) [ ] It is a company code that sends only planned data to the receiver company code. d) [ ] It is a company code that receives only actual data from the receiver company code. e) [ ] It is a company code that has many plants. 4. What can we define for the "Paying Company Codes" section, in the payment program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] Intercompany payment relationships. b) [ ] Minimum amounts for incoming and outgoing payments. c) [ ] Forms for payment advice and EDI. d) [ ] Bill of exchange specifications. e) [ ] Tolerances days for payments. 5. What can we define for the "Payment Method / Country" section, in the payment program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] Define payment methods (check, bank transfer, etc.) for each country. b) [ ] Define the master record requirements, i.e. address required, for each payment method. c) [ ] Forms for payment advice and EDI. d) [ ] Document types to be used for posting and clearing documents for each payment method. e) [ ] Define the permitted currencies for each payment method.

6. What can we define for the "Payment Method / Company Code" section, in the payment program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] Minimum and maximum payment amounts. b) [ ] Whether payments abroad and foreign currencies are allowed. c) [ ] Grouping options. d) [ ] Bank optimization. e) [ ] Forms for payment media. 7. What can we define for the "Bank selection" section, ranking order, in the payment program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] Minimum and maximum payment amounts. b) [ ] Which house bank should be considered for payment first, second, third, etc. c) [ ] Currencies. d) [ ] Bank optimization. e) [ ] Bill of exchange account. 8. What can we say about "Bank selection" section, value date field, in the payment program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] Used with cash management and forecast. b) [ ] Used with the Currencies. c) [ ] The offset account to the sub ledger posting. d) [ ] The number of days until value date plus the posting date. e) [ ] Define the permitted currencies for each payment method. 9. What can we define for "Bank selection" section, accounts and amounts, in the payment program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] Used with cash management and forecast. b) [ ] Used with the Currencies. c) [ ] The offset account to the sub ledger posting. d) [ ] Clearing accounts for bills of exchange. e) [ ] Available funds in each bank. 10. What can we say about "Bank selection" section, charges, in the payment program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] Assess additional bank charges for incoming and outgoing payments. b) [ ] Used with bills of exchange. c) [ ] Additional automatic posting configuration. d) [ ] The number of days until value date plus the posting date. e) [ ] Define the permitted currencies for each payment method. 11. Consider the following statements: 58.1. Invoices tha match the specified payment parameters but, for some reason, cannot be paid are listed in the exception list. 58.2. In the proposal run, payments and related postings such as those for tax, tax

12.

13.

14.

15.

adjustments, exchange rate differences or cash discount are posted automatically. 58.3. The payment block can be in: Payment term, Vendor/Customer master data and Invoices. 58.4. DME means Document Medium Exchange. Which of the following options is correct? a) [ ] 58.1 and 58.3 are correct. b) [ ] 58.1 and 58.4 are correct. c) [ ] 58.2 and 58.3 are correct. d) [ ] 58.2 and 58.4 are correct. e) [ ] 58.3 and 58.4 are correct. True or false? 59.1. If you are using check management, you have to use check lots to print checks. a) [ ] True. b) [ ] False. 59.2. All the company codes in the payment run parameters must be in the same country. a) [ ] True. b) [ ] False. 59.3. A payment method can be used only if it is entered in the account master record. a) [ ] True. b) [ ] False. 59.4. The payment proposal can be edited, deleted and recreated as often as necessary. a) [ ] True. b) [ ] False. 59.5. The exception list is part of the payment proposal. a) [ ] True. b) [ ] False. Consider the following statements: 60.1. The debit balance check can be carried out after a payment proposal has been created. 60.2. You cannot schedule an automatic payment program. 60.3. When using the Payment Medium Workbench (PMW), the note to payee can be freely defined in Customizing. Which of the following options is correct? a) [ ] Only 60.1 is correct. b) [ ] Only 60.2 is correct. c) [ ] Only 60.3 is correct. d) [ ] 60.1 and 60.2 are correct. e) [ ] 60.1 and 60.3 are correct. About the dunning program configuration, what controls how dunning is carried out (Please choose the correct sentence)? a) [ ] Company Code. b) [ ] Customer master record. c) [ ] Dunning procedure. d) [ ] Dunning texts. e) [ ] Sales Organization. What of the following options we can define for each Duning Procedure, in the dunning program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] Grace periods per line item. b) [ ] Key for the dunning procedure to be used.

c) [ ] Currencies. d) [ ] Interest calculator indicator for calculation of dunning interest. e) [ ] Bill of exchange account. 16. What of the following options we can define for each Duning Levels, in the dunning program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] Minimum number of days, referring to the due date of net payment, to reach a certain dunning level. b) [ ] Key for the dunning procedure to be used. c) [ ] If interest is to be calculated. d) [ ] Interest calculator indicator for calculation of dunning interest. e) [ ] Print parameters. 17. What of the following options we can define for Expenses/Charges, in the dunning program configuration (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) [ ] A minimum amount for the dunning charges can be set. b) [ ] Key for the dunning procedure to be used. c) [ ] If interest is to be calculated. d) [ ] Dunning charges, depending on the dunning level. e) [ ] Print parameters. 18. True or false? 65.1. Customers without dunning procedure in the master record are dunned with a default dunning procedure. a) [ ] True. b) [ ] False. 65.2. If dunning areas are not used, dunning is performed at the company code level. a) [ ] True. b) [ ] False. 65.3. It is possible to dun vendors as well as customers. a) [ ] True. b) [ ] False. 65.4. The "run date" is always the date when a certain dunning run is supposed to be started. a) [ ] True. b) [ ] False. 65.5. The parameters specify the accounts and documents that are to be considered in the dunning run. a) [ ] True. b) [ ] False. 19. True or false? 66.1. The payment terms of a credit memo usually do not apply, and the due date is either the due date of the associated invoice or the baseline date of the document. a) [ ] True. b) [ ] False. 66.2. Every dunning procedure must have at least four dunning levels. a) [ ] True. b) [ ] False. 66.3. An account is only dunned if all the overdue items have exceeded the minimum days in arrears. a) [ ] True. b) [ ] False. 66.4. The dunning run updates the dunning data in the dunned items and accounts.

a) [ ] True. b) [ ] False. 66.5. A dunning notice is only sent if the dunning data has changed since the last dunning run or if "Always dun?" is selected. a) [ ] True. b) [ ] False. 20. True or false? 67.1. After the dunning proposal has been created, changes to the dunning data in items or master records are ignored in the current dunning run. a) [ ] True. b) [ ] False. 67.2. The dunning proposal can be edited, deleted and recreated as often as required. a) [ ] True. b) [ ] False. 67.3. One dunning form can be used for all dunning levels and dunning areas. a) [ ] True. b) [ ] False. 67.4. The dunning text for dunning level 6 is stored in text module 616. a) [ ] True. b) [ ] False. 67.5. The last dunning level is equal to the legal dunning procedure. a) [ ] True. b) [ ] False. 21. Consider the following statement about Correspondence:A ____<1>___ represents a type of letter in the system. Each ____<1>_____ has a corresponding ___<2>__. Each __<2>__ has a selection variant. Each ____<3>_____ is assigned a SAPScript form. Please choose the option that substitutes <1>, <2> and <3>, respectively: a) [ ] correspondence, correspondence type, print program. b) [ ] correspondence type, SAP Script form, print program. c) [ ] print program, program, correspondence type. d) [ ] correspondence type, print program, program. e) [ ] program, print program, correspondence type. 22. True or false? 69.1. There are two types of interest calculation in SAP R/3: account balance and interest on arrears. a) [ ] True. b) [ ] False. 69.2. Account balance interest calculation is applied to individual items in accounts receivable or accounts payable. a) [ ] True. b) [ ] False. 69.3. Account master data must contain an interest calculation indicator for interest calculation to take place. a) [ ] True. b) [ ] False. 69.4. On a given account, SAP R/3 cannot calculate different interest rates based on the amounts of balances or items. a) [ ] True. b) [ ] False. 69.5. You can configure SAP R/3 to calculate interest for customers or vendors that owe you money. You cannot calculate interest, however, if you owe your business partner money. a) [ ] True. b) [ ] False.

Answer Key 1. B. 2. A, B, C, D, E. 3. B. 4. B, C, D. 5. A, B, D, E. 6. A, B, C, D, E. 7. B, C, E. 8. A, D. 9. C, D, E. 10. A, B, C. 11. A. 12. True or false: True. True. Company codes from different countries cannot be processed in the same payment run. False. A payment method can also be entered in the line item. True. The payment proposal does not make any changes to the values at document master record level. True. The exception list is usually checked by the user department. 13. E. 14. C. 15. A, B, D. 16. A, C, E. 17. A, D. 18. True or false: False. Customers without a dunning procedure in the master record cannot be dunned. True. True. It is possible to dun vendors only if there is some debit value to the vendors. False. The "Run on" field is also used to identify dunning runs. It does not have to be the date when the dunning run is actually performed. True. You can use the parameters to select the accounts and documents for the dunning run. 19. True or false: True. False. Every dunning procedure can have between 1 and 9 dunning levels. False. If one overdue item has exceeded the minimum days in arrears, the account is dunned.

False. The dunning data is not updated until the dunning notices are printed. True. 20. True or false: True. The data has already been selected from the database. True. Because the database is not changed until the dunning notices are printed. True. True. Text module 616 is used for dunning level 6. False. The last dunning level triggers the manual dunning procedure, which often ends in the legal dunning procedure. The legal dunning procedure itself does not correspond to any dunning level. 21. D. 22. True or false: True. False. Interest on arrears calculation is applied to individual items in accounts receivable or accounts payable. Account balance interest calculation is applied to the entire balance of a G/L or customer account using a specific interest rate over a specified period of time. True. False. True.