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MIS6319 > E1 > Flashcards

E1 Flashcards

1
Q

stock transfer does not involve a change in storage location. T/F

A

False

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2
Q

The balance sheet is a snapshot of the organization at a point in time. T/F

A

True

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3
Q

Service-oriented architecture (SOA) is the fundamental concept behind systems connecting through standardized interfaces called Web services. T/F

A

True

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4
Q

The enterprise-level purchasing organization is also known as the cross?company code purchasing organization. T/F

A

True

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5
Q

Payments must be made automatically through a payment program. T/F

A

False

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6
Q

Lead time is the time between placing the order and receiving confirmation that the item has been shipped. T/F

A

False

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7
Q

Lead time is the time between placing the order and receiving confirmation that the item has been shipped. T/F

A

False

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8
Q

Management accounting helps an organization track costs and revenues to assess its profitability T/F

A

True

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9
Q

An increase in an asset account or an expense account results in a credit posting. T/F

A

False

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10
Q

Consumable materials are acquired to be used within an organization. T/F

A

True

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11
Q

An increase in revenue or liability results in a debit posting. T/F

A

False

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12
Q

The material master includes a large amount of data because it is used in numerous processes. T/F

A

True

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13
Q

A storage location is a key organizational element in purchasing. T/F

A

True

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14
Q

Document management provides tools to manage and store documents securely and to keep track of the multiple versions of these documents. T/F

A

True

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15
Q

Management accounting, or controlling (CO), is intended primarily for audiences outside the organization. T/F

A

False

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16
Q

SAP cannot utilize any media except Web services to communicate a purchase order to a vendor. T/F

A

False

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17
Q

Inter-company processes take place within a single company. T/F

A

False

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18
Q

Work lists identify tasks that are scheduled to be completed in a process. T/F

A

True

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19
Q

Excess supply will result in lower inventory costs because the company is eligible for a bulk rate. T/F

A

False

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20
Q

A purchasing organization is involved only in negotiating prices with vendors. T/F

A

False

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21
Q

Accounts payable accounting is not associated with the procurement process. T/F

A

False

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22
Q

The three layers of the “three-tier client-server architecture” are the presentation layer, windows layer, and data layer. T/F

A

False

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23
Q

A building can house only a single plant. T/F

A

False

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24
Q

The material planning process is used to maintain internal assets such as machinery and to delivery after-sales customer services such as repairs. T/F

A

False

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25
Q

Common reports of financial accounting include income statement, profit and loss, and balance sheet. T/F

A

True

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26
Q

A chart of accounts (COA) is an ordered listing of accounts that comprise a company’s general ledger. T/F

A

True

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27
Q

Within accounts receivable accounting, when a payment is made the bank account is debited and the appropriate customer account is credited T/F

A

True

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28
Q

A plant can belong to more than one company code. T/F

A

False

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29
Q

The four most common material types are raw materials, semi?finished goods, finished goods, and exported goods. T/F

A

False

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30
Q

Scalability is the ability of the hardware and software to support a greater number of users easily over time. T/F

A

True

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31
Q

The lifecycle data management (design) process supports the design and development of products from the initial product idea stage through the discontinuation of the product. T/F

A

True

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32
Q

General data related to a vendor are accessible to all company codes in a client. T/F

A

True

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33
Q

Material master data can be defined differently for different organizational levels. T/F

A

True

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34
Q

An organization can possess which of the following types of assets?

There are 3 correct answers.

Tangible

Intangible

Financial

Economic

Virtual

A

Tangible

Intangible

Financial

35
Q

Reporting in financial accounting is broadly divided into which of the following two categories?

There are 2 correct answers.

Posting goods issue

Displaying account information

Generating financial statements

Recording transactions

Automatic posting of accounts

A

Displaying account information

Generating financial statements

36
Q

Which of the following statements about purchasing organizations are correct?

There are 2 correct answers.

They negotiate conditions of purchase with vendors

They can purchase only for one company

They can purchase for multiple plants

They can purchase for multiple plants, but they must be within the same company code

They identify a buyer or a group of buyers

A

They can purchase for multiple plants

They can purchase for multiple plants, but they must be within the same company code

37
Q

Information structures enable which types of analysis?

There are 2 correct answers.

Standard analysis

Flexible analysis

Rigid analysis

All of the above

A

Standard analysis

Flexible analysis

38
Q

Which of the following are organizational elements in purchasing?

There are 2 correct answers.

Shipping point

Company code

Vendors

Materials

Plant

A

Company code

Plant

39
Q

Which of the following are examples of master data in SAP?

There are 2 correct answers.

Client

Customer

Purchasing Organization

Vendor

Plant

A

Customer

Vendor

40
Q

Which of the following are methods of valuing materials?

There are 2 correct answers.

Actual price

Standard price

Purchasing price

Moving (average) price

Selling price

A

Standard price

Correct
Moving (average) price

41
Q

Which of the following are examples of organizational data in SAP?

There are 3 correct answers.

Client

Customer

Purchasing Organization

Vendor

Plant

A

Client

Purchasing Organization

Plant

42
Q

Materials designated as __________ can be withdrawn only for sampling or for scrap.

There are 2 correct answers.

Goods movement

In-quality inspection

Blocked stock

Material document

Purchase info record

A

In-quality inspection

Blocked stock

43
Q

Which processes have an impact on an organization’s finances?

There are 2 correct answers.

Financial accounting processes

Project management processes

Management accounting or controlling processes

Material planning process

Procurement process

A

Project management processes

Procurement process

44
Q

What is true about a business area?

There are 3 correct answers.

It is a internal division of an enterprise

It helps management monitor performance

It is used for external reporting

It is associated with one company code

A

It is a internal division of an enterprise

It helps management monitor performance

It is used for external reporting

45
Q

Which of the following SAP systems are used to support inter-company processes?

There are 2 correct answers.

SAP ERP

SAP SCM

SAP CRM

SAP BI

SAP Netweaver

A

SAP SCM

SAP CRM

46
Q

Balance sheet accounts are grouped into which of the following categories?

There are 3 correct answers.

Revenue

Assets

Liabilities

Equity

Expenses

A

Assets

Liabilities

Equity

47
Q

Which of the following data are included in a purchasing info record?

There are 4 correct answers.

Freight

Discounts

Material number

Vendor address

Texts

A

Freight

Discounts

Material number

Texts

48
Q

Which of the following are examples of online lists?

There are 2 correct answers.

Picking list

Billing due list

List of customers

Delivery due list

List of documents

A

List of customers

List of documents

49
Q

Which of the following are components of the procurement process?

There are 3 correct answers.

Warehouse

Purchasing

Sales

Operations

Accounting

A

Purchasing
Accounting
Warehouse

50
Q

Which G/L and S/L accounts are impacted by the invoice verification step of the procurement
process?

There are 3 correct answers

Accounts payable

Goods receipt / invoice receipt account

Inventory account

Vendor account

Bank account

A

Accounts payable

Goods receipt / invoice receipt account

Vendor account

51
Q

Which of the following activities are related to the fulfillment process?

There are 3 correct answers.

Locate Materials

Prepare Shipment

Prepare for Storage

Store Materials

Ship to Customer

A

Prepare for Storage

Ship to Customer

Locate Materials

52
Q

What is true about SAP R/3?

There are 3 correct answers

Supports a single function or department

Executes every process from start to finish

Consolidates process data in a single database

Enables users to view the status of a process in real time

A

Executes every process from start to finish

Consolidates process data in a single database

Enables users to view the status of a process in real time

53
Q

What are the most common transaction types that occur during the life of an asset?

There are 3 correct answers.

Production

Allocation

Acquisition

Depreciation

Retirement

A

Acquisition

Depreciation

Retirement

54
Q

What is a storage location?

The place where raw materials are received

The place within a plant where materials are kept until they are needed

The place where materials are collected for staging and inspection

The place within a plant where machines are installed for production purposes

The place within a plant where finished goods are kept for sale

A

The place within a plant where materials are kept until they are needed

55
Q

Which of the following document types is not utilized during the Purchasing process?

Material documents

Fl documents

CO documents

Picking document

Invoice

A

Picking document

56
Q

Which system connects a company’s ERP system to those of its customers?

Application Platform

Customer Relationship Management (CRM)

Enterprise Solution
Product Lifecycle Management (PLM)

None of the above

A

Customer Relationship Management (CRM)

57
Q

How many company codes can a plant belong to?

1

2

3

any number

A

1

58
Q

Which element is not a part of the typical company code data in general ledger accounts?

Tax-related data

Field status groups

Line item display

Reconciliation account data

None of the above

A

None of the above

59
Q

____________reflect(s) the consequences of executing process steps.

Material Groups

Organizational Data

Transaction Data

Project Management

None of the above

A

Transaction Data

60
Q

What type of materials is purchased from a vendor?

Trading Goods

Finished Goods (FERT)

Semi-finished Goods (HALB)

Material Types

None of the above

A

Trading Goods

61
Q

Which type of asset has a physical form?

Master asset

Tangible asset

Informal asset

Intangible asset

None of the above

A

Tangible asset

62
Q

What is the first step of the production process?

Authorize Production

Request Production

Create Product

Receive Finished Goods

Issue Raw Materials

A

Request Production

63
Q

Which item category would you use to have your vendor ship goods directly to your
customer?

Consignment
Third-party

Stock transfer

Standard

Transfer posting

A

Third-party

64
Q

Which of the following terms refers to materials with similar characteristics?

Material Master

Material Group

Transaction Data

Material number

None of the above

A

Material Group

65
Q

Which item is included in the header of a purchase order?

Order quantity

Vendor

Delivery date

Price

None of the above

A

Vendor

66
Q

Which of the following is used to implement multiple ledgers and use each ledger for different purposes?

Financial accounting document

Subsidiary ledger

Sub-ledger

Parallel Accounting

None of the above

A

Parallel Accounting

67
Q

Which system supports business processes end to end?

Management System

Accounting System

Enterprise System

Functional Structure

Document System

A

Enterprise System

68
Q

What function does the warehouse perform in the fulfillment process?

Prepares and sends the shipment to the customer

Communicates data related to the order to other parts of the organization

Tracks the order
Notifies the customer

None of the above

A

Prepares and sends the shipment to the customer

69
Q

____________ is concerned with recording the financial impacts of business processes as they
are executed.

Management accounting

Financial accounting (Fl)

Controlling (CO)

Bank ledger accounting

None of the above

A

Financial accounting (Fl)

70
Q

Which one of the following is not a type of organizational data that is utilized in the procurement process?

Client

Company Code

Storage Location

Purchasing Organization

Manufacturing Plant

A

Manufacturing Plant

71
Q

Which one of the following is not a type of organizational data that is utilized in the procurement process?

Client

Company Code

Storage Location

Purchasing Organization

Manufacturing Plant

A

Manufacturing Plant

72
Q

Which of the following is used to report data needed to meet legal and regulatory requirements?

Assets

Equity

Tangible document

Financial statement

None of the above

A

Financial statement

73
Q

Which element of the payment step includes selecting a bank?

Trigger

Data

Outcome

Task

None of the above

A

Task

74
Q

Which of the following goods movements need not involve a physical movement of materials?

Goods receipt

Goods issue

Stock transfer

Transfer posting

None of the above

A

Transfer posting

75
Q

Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts?

Subsidiary ledger

Sub-ledger

Reconciliation account

Line item display

None of the above

A

Reconciliation account

76
Q

Which term represents what a company owes to others, including money owed to vendors and loans from financial institutions?

Liabilities

Equity

Assets

Revenues

None of the above

A

Liabilities

77
Q

The highest organizational level in SAP ERP is the…

Vendor

Client

Material Master

Plant

None of the above

A

Client

78
Q

Which process is used to manage money owed by customers for goods and services purchased from the company?

General ledger accounting

Accounts receivable accounting

Fixed asset accounting

Bank ledger accounting

All of the above

A

Accounts receivable accounting

79
Q

Which process is concerned with recording data associated with bank statements?

Bank ledger accounting

Fixed asset accounting

General ledger accounting

Accounts receivable accounting

None of the above

A

Bank ledger accounting

80
Q

Within the plant-level purchasing organization, also known as a plant-specific purchasing
Organization,

Each plant has its own purchasing organization

One purchasing organization is responsible for multiple plants

Only one purchasing organization for all plants

One purchasing organization is responsible for all company codes in the enterprise

Two or more purchasing organizations are responsible for each plant

A

Each plant has its own purchasing organization

81
Q

Which of the following account assignment categories is used when the company acquires a fixed asset?

Cost center

Asset

Order

Sales order

Project

A

Asset

82
Q

Which term refers to the technical structure of the software, how users interact with the software, and how the software is physically managed on computer hardware?

Architecture

Supply Chain Management

Enterprise Resource Planning

Service Oriented Architecture

None of the above

A

Architecture

83
Q

Which process uses historical data and sales forecasts to plan which materials will be procured and produced?

Material Planning

Procurement Process

Production Process

Fulfillment Process

Lifecycle Data Management

A

Material Planning

MIS6319 (3 decks)

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