Unit Three: Valuation and Account Assignment questions and answers

What is account determination? - CORRECT ANSWER-Automatic account determination is a procedure applied to accounting-relevant transactions and is used to identify the G/L accounts to which it makes postings without any user intervention. What is a posting key? - CORRECT ANSWER-1. Defines whether a posting is a credit or debit 2. Defines type of account 3. Field selection Account Determination - CORRECT ANSWER-You must set account determination for each chart of accounts separately because the meaning of individual G/L accounts depends on the chart of accounts. In addition, set up automatic postings as a function of the valuation area for which the transaction is recorded. Influencing factors for account determination - CORRECT ANSWER-- Chart of accounts - Valuation area (company code and plant) - Material--valuation class - Material type--account category reference -Transaction/event Automatic postings - CORRECT ANSWER-1. You can also set up automatic postings as a function of the material and the relevant material type for which a transaction is record 2. You can also set up automatic, depending on the specific transaction or event that leads to an update in the accounting system The SAP system determines the G/L account based on the following data - CORRECT ANSWER-1. organizational level 2. material 3. business transaction Organizational level - CORRECT ANSWER-a. The company code to which the plant belongs and the chart of accounts for this company code b. The valuation area to which the plant is assigned and a key that can be used for differentiated accoun