E1 Flashcards
(83 cards)
1
Q
stock transfer does not involve a change in storage location. T/F
A
False
2
Q
The balance sheet is a snapshot of the organization at a point in time. T/F
A
True
3
Q
Service-oriented architecture (SOA) is the fundamental concept behind systems connecting through standardized interfaces called Web services. T/F
A
True
4
Q
The enterprise-level purchasing organization is also known as the cross?company code purchasing organization. T/F
A
True
5
Q
Payments must be made automatically through a payment program. T/F
A
False
6
Q
Lead time is the time between placing the order and receiving confirmation that the item has been shipped. T/F
A
False
7
Q
Lead time is the time between placing the order and receiving confirmation that the item has been shipped. T/F
A
False
8
Q
Management accounting helps an organization track costs and revenues to assess its profitability T/F
A
True
9
Q
An increase in an asset account or an expense account results in a credit posting. T/F
A
False
10
Q
Consumable materials are acquired to be used within an organization. T/F
A
True
11
Q
An increase in revenue or liability results in a debit posting. T/F
A
False
12
Q
The material master includes a large amount of data because it is used in numerous processes. T/F
A
True
13
Q
A storage location is a key organizational element in purchasing. T/F
A
True
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
15
Q
Management accounting, or controlling (CO), is intended primarily for audiences outside the organization. T/F
A
False
16
Q
SAP cannot utilize any media except Web services to communicate a purchase order to a vendor. T/F
A
False
17
Q
Inter-company processes take place within a single company. T/F
A
False
18
Q
Work lists identify tasks that are scheduled to be completed in a process. T/F
A
True
19
Q
Excess supply will result in lower inventory costs because the company is eligible for a bulk rate. T/F
A
False
20
Q
A purchasing organization is involved only in negotiating prices with vendors. T/F
A
False
21
Q
Accounts payable accounting is not associated with the procurement process. T/F
A
False
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
23
Q
A building can house only a single plant. T/F
A
False
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
25
Common reports of financial accounting include income statement, profit and loss, and balance sheet. T/F
True
26
A chart of accounts (COA) is an ordered listing of accounts that comprise a company's general ledger. T/F
True
27
Within accounts receivable accounting, when a payment is made the bank account is debited and the appropriate customer account is credited T/F
True
28
A plant can belong to more than one company code. T/F
False
29
The four most common material types are raw materials, semi?finished goods, finished goods, and exported goods. T/F
False
30
Scalability is the ability of the hardware and software to support a greater number of users easily over time. T/F
True
31
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
True
32
General data related to a vendor are accessible to all company codes in a client. T/F
True
33
Material master data can be defined differently for different organizational levels. T/F
True
34
An organization can possess which of the following types of assets?
There are 3 correct answers.
Tangible
Intangible
Financial
Economic
Virtual
Tangible
Intangible
Financial
35
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
Displaying account information
Generating financial statements
36
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
They can purchase for multiple plants
They can purchase for multiple plants, but they must be within the same company code
37
Information structures enable which types of analysis?
There are 2 correct answers.
Standard analysis
Flexible analysis
Rigid analysis
All of the above
Standard analysis
Flexible analysis
38
Which of the following are organizational elements in purchasing?
There are 2 correct answers.
Shipping point
Company code
Vendors
Materials
Plant
Company code
Plant
39
Which of the following are examples of master data in SAP?
There are 2 correct answers.
Client
Customer
Purchasing Organization
Vendor
Plant
Customer
Vendor
40
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
Standard price
Correct
Moving (average) price
41
Which of the following are examples of organizational data in SAP?
There are 3 correct answers.
Client
Customer
Purchasing Organization
Vendor
Plant
Client
Purchasing Organization
Plant
42
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
In-quality inspection
Blocked stock
43
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
Project management processes
Procurement process
44
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
It is a internal division of an enterprise
It helps management monitor performance
It is used for external reporting
45
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
SAP SCM
SAP CRM
46
Balance sheet accounts are grouped into which of the following categories?
There are 3 correct answers.
Revenue
Assets
Liabilities
Equity
Expenses
Assets
Liabilities
Equity
47
Which of the following data are included in a purchasing info record?
There are 4 correct answers.
Freight
Discounts
Material number
Vendor address
Texts
Freight
Discounts
Material number
Texts
48
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
List of customers
List of documents
49
Which of the following are components of the procurement process?
There are 3 correct answers.
Warehouse
Purchasing
Sales
Operations
Accounting
Purchasing
Accounting
Warehouse
50
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
Accounts payable
Goods receipt / invoice receipt account
Vendor account
51
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
Prepare for Storage
Ship to Customer
Locate Materials
52
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
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
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
Acquisition
Depreciation
Retirement
54
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
The place within a plant where materials are kept until they are needed
55
Which of the following document types is not utilized during the Purchasing process?
Material documents
Fl documents
CO documents
Picking document
Invoice
Picking document
56
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
Customer Relationship Management (CRM)
57
How many company codes can a plant belong to?
1
2
3
any number
1
58
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
None of the above
59
____________reflect(s) the consequences of executing process steps.
Material Groups
Organizational Data
Transaction Data
Project Management
None of the above
Transaction Data
60
What type of materials is purchased from a vendor?
Trading Goods
Finished Goods (FERT)
Semi-finished Goods (HALB)
Material Types
None of the above
Trading Goods
61
Which type of asset has a physical form?
Master asset
Tangible asset
Informal asset
Intangible asset
None of the above
Tangible asset
62
What is the first step of the production process?
Authorize Production
Request Production
Create Product
Receive Finished Goods
Issue Raw Materials
Request Production
63
Which item category would you use to have your vendor ship goods directly to your
customer?
Consignment
Third-party
Stock transfer
Standard
Transfer posting
Third-party
64
Which of the following terms refers to materials with similar characteristics?
Material Master
Material Group
Transaction Data
Material number
None of the above
Material Group
65
Which item is included in the header of a purchase order?
Order quantity
Vendor
Delivery date
Price
None of the above
Vendor
66
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
Parallel Accounting
67
Which system supports business processes end to end?
Management System
Accounting System
Enterprise System
Functional Structure
Document System
Enterprise System
68
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
Prepares and sends the shipment to the customer
69
____________ 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
Financial accounting (Fl)
70
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
Manufacturing Plant
71
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
Manufacturing Plant
72
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
Financial statement
73
Which element of the payment step includes selecting a bank?
Trigger
Data
Outcome
Task
None of the above
Task
74
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
Transfer posting
75
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
Reconciliation account
76
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
Liabilities
77
The highest organizational level in SAP ERP is the...
Vendor
Client
Material Master
Plant
None of the above
Client
78
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
Accounts receivable accounting
79
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
Bank ledger accounting
80
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
Each plant has its own purchasing organization
81
Which of the following account assignment categories is used when the company acquires a fixed asset?
Cost center
Asset
Order
Sales order
Project
Asset
82
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
Architecture
83
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
Material Planning
