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2) Explain in simple terms what is field status and what does it control?

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3) What is short-end fiscal year?

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4. What is the purpose of "Document type" in SAP?

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5. Write down 10 document types: default available in SAP GL Accounts or SAP FI.

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6. What is a country Chart of Accounts?

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7. what is the difference between the 'Residual Payment' and 'Part Payment'

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8. What are the transaction codes used for Cost Element Group and Cost Element Creation?

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9. What is a Accounting Document in GL Accounts and specify the fields required to be entered in due
entry posting

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10. Write down steps involved in Accounts payable and Down payment process, Which accounts do you
link?

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What is Reconciliation Account?

25. Write down transaction codes or path required for Open and close posting period, document
number ranges under Financial Accounting Global Settings

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