SAP Financial Accounting (SAP FI) Practice Exam

What are the two types of goods receipts?

1. Documented and undocumented

2. Preliminary and final

3. Valuated and non-valuated

4. Standard and special

The correct answer is: Valuated and non-valuated

The correct answer highlights that goods receipts can be classified as valuated and non-valuated based on their financial impact in the accounting system. Valuated goods receipts involve the recording of inventory and the associated value of goods received. This type of receipt not only acknowledges the physical receipt of goods but also reflects their monetary value in the financial records. It impacts both the inventory valuation and the financial statements, making it essential for accurate accounting and reporting. Non-valuated goods receipts, on the other hand, record the receipt of goods without attaching a monetary value to them. This might occur in scenarios where the specifics of the cost are not determined at the time of receipt, such as when items are received for services or future valuation. These receipts allow for tracking inventory without affecting the financial accounts until the value is confirmed. This classification is critical in SAP FI, as it facilitates the correct handling of inventory accounting and the financial implications of inventory management. In contrast, the other options do not accurately represent the fundamental distinctions in the accounting treatment for goods receipts as understood in SAP.