Correct Answer: A powerful tool to import and validate transaction data from other financial systems and create invoices , debit memos , credit memos and on-account credits Setup steps: 1 Define the line ordering rules 2 Define the grouping rules - attache the line ordering rules to the grouping rules
Correct Answer: A Customer Master Record is a permanent record that contains key information about a business partner or a material This information must be entered into the system before any transactions can take place involving the business partner [customer] or a material Entering all the information about a customer or a material into the system before making transactions insures that subsequent transactions or inquiries will have consistent data and reports and analyses can be done in an orderly way Master Records can be edited or changed when necessary Changing master records is frequently called "Maintaining" in SAP
6. In a general sense, "cash flow" can be said to equal
Options
A. operating income less taxes
B. operating income after taxes minus depreciation
C. operating income less taxes plus depreciation
D. operating income before depreciation and taxes plus depreciation
Correct Answer: A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products Commercial bank can also refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses, as opposed to individual members of the public
9. What is the difference between Private bank and Nationalized bank?
Correct Answer: Nationalized banks are also known as public sector banks where the government is responsible for the deposition of money in these banks while in a private bank money is deposited by the person who owns the bank
10. Why do you think you?re suited to a career in investment banking?
Correct Answer: As you?re interested in a career in banking, plenty of reasons should spring to mind, and if they don?t you should consider choosing another path! Often students are attracted to the intellectual challenges and high-profile nature of the dealings of the finance world, the fast pace of the work here, and the rewards on offer, all of which are very valid reasons for applying to a bank But they?re also valid reasons for applying for jobs in other parts of the finance world, so make sure you explain why you want a job at a bank, and in your chosen area in particular Perhaps you?re keen for the broad and deep financial training and prestigious experience that only a leading bank can offer? Your interviewers may also ask if anything puts you off banking If you have any real doubts, an interview is not the place to air them, but it?s a great idea to show that you?ve considered the difficulties the industry is currently going through before choosing to make an application You might say that you?re attracted to the particular professional challenges and opportunities a period of flux in an industry can offer