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Intercompany Reconciliation

Total questions: 11

Worksheet time: 11mins

Name
Class
Date
1.

What is intercompany transaction?

a)

It is a transaction between two associated companies that file a consolidated financial statement

b)

Is a transaction between any two partners

c)

Is a transaction that occurs between two companies of the same group

2.

What is reconciliation?

a)

Is a process of comparing data from two different places

b)

Is a process of checking the balance in SAP

c)

Is an accounting process that compares two sets of records to check that figures are correct and in agreement

3.

Internal Trading Partner is...

a)

Handled at GSC

b)

Not handled at GSC

c)

No access to data, received on request

4.

Due to the approach of reconciliation process we can distinguish two groups of Trading Partners, please choose the right one:

a)

Internal

b)

Service

c)

Goods

d)

Active

5.

What should be the correct mapping for Customer Account with TP?

a)

GL Account Receivable

b)

GL Account Intercompany Receivable

c)

GL Account Intercompany Payables

6.

What should be the correct mapping for Vendor Account with TP?

a)

GL Account Intercompany Receivables

b)

GL Account Non Intercompany Payables

c)

GL Account Intercompany Payables

7.

How to search open items on Customer Accounts in SAP?

a)

FBL1N

b)

FLB3N

c)

FBL5N

8.

How to search open items on Vendor account?

a)

FLB5N

b)

FBL1N

c)

FD03

d)

FK03

9.

Regarding differences between CTA & Non CTA companies, which statements are correct?

a)

Only CTA use SCOA (Standard Chart of Accounts)

b)

Only non CTA have Special Ledger

c)

CTA companies are mapped to old ECCS accounts

10.

What is the purpose of using CSV file?

a)

Is used to send requests for open positions to external partners

b)

Is used to upload data to the common reporting systems: OneBW and Tagetik

c)

Is semi - automatic data comparison

11.

What is Tagetik?

a)

Is a tool used for reporting

b)

Is a tool for collecting data from all companies in a group

c)

Is a tool to present consolidated data as one company