Which of the following matches is TRUE regarding the type of reversal and its corresponding Tcode.

Which of the following statements are TRUE? I. If responsible purchaser does not approve price mismatch, work item is rejected and automatically redirected to FO for analysis. II. After posting an invoice with a price mismatch, the work item goes automatically to Procurement. III. When responsible purchaser approves price mismatch, payment block W is automatically removed.

The Purchaser receives the SAP Price Mismatch workflow and reviews the invoice and the Purchase Order. After a formal verification of the invoice, the Purchaser typically contacts the _________ or aligns the acceptance or rejection of the workflow with Sourcing.

The Daily Check of Price per unit involves the threshold of:

Deferred charge is a cost that is accounted-for in the future (and not in the accounting period in which it is incurred) because of its anticipated future benefit, or to comply with the requirement of matching costs with revenues. What is the global threshold for deferred change?

Documents which are applicable for QC by analyst are automatically selected by SAP based on so called "Business rules" within SAP.

Down payments/Incoming payments are documents with one of the following document types: 'KY' , 'ZP' , 'KZ' , '2K'

Posting of down payment is to be performed as an FI posting with document type KO in transaction code FB03.

All IPDs must be Sign IS approved and the approver can be the same person as the IPD creator.

Documents with PO that are classified as ERS, even if legal requirements have met, should not be for processing.

A credit note is a document providing evidence that a credit entry has been made in the financial records for a specific reason which should be explained on the face of this business document. A credit note is also known as credit memo or credit memorandum as it only notifies about the entry made in the financial records of party to the transaction. A credit note is used to modify the invoice already issued and such modifications may be necessary due to following reasons:

Statement 1: GR Valuated: expense is reflected in inventory Accounts even without GR (always a case for raw materials) Statement 2: GR Non-Valuated: expense is reflected in final account when IR is already posted. Statement 3: Service Entry PO is a PO consisting of GR and Service entry sheet. When Service entry sheet is approved and entered, a GR is generated. At this point expenses are reflected in the final account. Statement 4: Blanket or Framework PO´s: Annual PO´s for services Which statements are correct?

If the document is for goods, there will not be Account Assignment field in PO. In these cases, two different postings in “MIRO” have to be done with the proportion in quantity correctly set. After doing both posting the merge can be done with transaction code/s:

If the invoice is in a different currency than the local currency of the LE, reversal and new posting must be done with:

It is always important to ensure the credit note: Is linked to the invoice we want to deduct it from. The payment terms are set as immediate particularly if the invoice it is crediting has already been paid. The bank type is the same on both credit note and invoice(s) If the invoice related to the CN is due for payment when we post the CN, what will you do?

If the quantity received is higher than the quantity invoiced, the system then expects further invoices for this purchase order to clear the balance

In DA3, once this shortcut or "hotkey" has been performed, it will generate the posting proposal with the data read via OCR.

All documents entering the IMS system either after being scanned or uploaded via PDF invoice process will be archived electronically for 10+2 years. If this archive can be treated as a legal electronic archive can vary from country to country and needs to be described on local level.

OCR provider performs the OCR (Optical Character Recognition). The main goal of this activity is to recognize all relevant data of an invoice, credit note and correspondence which are necessary to post automatically or with low manual activities.

Internal requirements for domestic/foreign invoices, EXCEPT:

The legal and fiscal requirements of Progress/Partial Payments are equal to other invoice but a specialty is that no date of performance must be mentioned on the invoice if not specified in the PO.

Down Payments must meet similar requirements as usual invoices but a specialty of Down Payments is that date of performance and the tax amount must be mentioned on the invoice.

Proforma invoices are legally considered as invoices.

In case of missing contact person and no other possibility of assignment, BO should send the invoice to FO via handover. Then, FO to perform send back process with a request of correction to the supplier.

A Permitted Payee needs to be settled when invoice needs to be paid to a determined bank account which does not belong to or different from the vendor’s.

If the document issued by the vendor contains VAT, GST or other similar taxes, the transaction has not to be processed through IPD.

In certain Bayer Companies there are large down payment values being handled for Construction and machinery purchases (fixed assets). These types of down payments do not have an invoice issued for an anticipated portion of the final invoice.

The Down Payment posting is automatically blocked in SAP and needs to be sent to the LE for approval.

If there is a price mismatch, the approval workflow is sent via SAP and can be accessed in the business workplace of the Purchaser, regardless if the PO was created in SAP or SmartBuy.

I. In the TAM DWPPT tool, all users with access to a company group will be able to view all items of the group in the tool. II. For unclassified items, upon import they are no longer assigned to one analyst. Hence, all analysts who has access to the company group can perform necessary actions to the items. III. For classified items, users can check and perform items assigned to another processor provided he/she has access to the company group.

a. in progress b. new c. reopened d. returned e. for follow-up f. for confirmation Status which will be handled by Processor

a. in progress b. new c. reopened d. returned e. for follow-up f. for confirmation Status which will be handled by Analyst

The processor will prioritize ___________ during month-end closing and try to post the greatest number of the invoices in SAP according to verify and posting rules.

This is created when the business has a request for a payment without an invoice.

Business transactions in Financial Accounting that are repeated regularly. The need may arise where payment to a vendor, for a fixed amount, for the next x number of months needs to be done.

The trigger for a recurring entry should usually come from the ______ upon reception of the invoice / document from the supplier.

The price mismatch workflow is triggered for any type of invoice when the price on the invoice differs on the purchase order.

A price mismatch occurs when a supplier invoice is posted in the SAP ERP system with a significant deviation in price in comparison to the related Purchase Order.

A GR/IR First Time Match occurs when GR already exists when invoice is posted and invoice quantity matches GR quantity

If the quantity received is higher than the quantity invoiced, the system then expects further invoices for this purchase order to clear the balance

Payment before approval function is a process which allows defined key users in AP dept. to release for payment document, which is already approved and include it in a payment run.

Statement 1: Details tab is mainly used for processing foreign invoices or entering unplanned delivery costs. Statement 2: Unpl. del. Costs: By assigning unplanned costs in this field the value is distributed automatically amongst different lines on PO. Typed amount will not be part of any price workflow and is therefore used with care and not for standard processes. Statement 3: Header texts: this is a free field used for adding specific data later retrievable in a quicker form e.g. for reporting purposes or barcode data for search functions. This field is only to be used for certain LE, usage is specified in LE specifics. Statement 4: Supplying Country: those LE´s that requires CBI needs also to fill the Country Code based on VAT-ID on the invoice; e.g. French vendor with French VAT-ID: FR Statement 5: Cen. bank Indicator: completion of this field is mandatory for most LE when processing all invoices. It is used for reporting purposes on which materials or services are being moved from one country to another.

For vendors located in India, Malaysia, UAE, China, Russia and Thailand, purpose code is required. This field allows to indicate the purpose code. Upon posting a SAP validation message will appear containing the table of purpose codes.

Manual check has to be performed prior to posting, following legal requirements described in each Supporting Documentation (SD). Manual check leads to one of following decision results. Except:

“Exception” status of an invoice is indicating a possible duplicate scan in YOUR-DOCeS, shown by a red triangle symbol. A further processing (DA3 proposal) is not possible unless error has been verified by checking each of the scanned documents.

The invoice should be in putback status when there is still open compliance workflow.

As a general rule, if payment terms is based on reception and the invoice and reception date differs for 30 natural days, it is considered as late reception, thus BO must use Invoice date + 14 natural days as baseline date.

Items which are for hand-over which need the support (language expertise) of processor for email confirmation of legal entity or vendor if invoice is incorrect/ duplicate.

Once item has reached ___ and is still within the category group of the processor, an automatic email reminder will be sent to processor.

Items classified which are not yet handled in 5WD. These are the items which need escalation to processor’s team lead to ensure item will be handled accordingly.