Systems Integration and Architecture

Question 1

Designed to collect transactional data that provides a foundation for preparing the standard portfolio of reports.

Answer 1

SAP Financial Accounting (FI) module

Question 2

Includes the executives, senior management, administrative staff, and employees.

Answer 2

Internal group

Question 3

Comprises legal authorities, banks, auditors, shareholders, insurance, taxing authorities, media, and financial analysts.

Answer 3

External group

Question 4

An independent environment in the system.

Answer 4

Client

Question 5

The smallest organizational unit where a legal set of books can be maintained. A balanced set of books, as required by law, are prepared at this level.

Answer 5

Company Code

Question 6

A classification scheme consisting of a group of general ledger (G/L) accounts used by one or more company codes.

Answer 6

Chart of Accounts

Question 7

An organizational entity that grants and monitors a credit limit for customers.

Answer 7

Credit Control Area

Question 8

Represents a separate area of operations or responsibilities within an organization and to which value changes recorded in Financial Accounting can be allocated.

Answer 8

Business Area

Question 9

General Ledger (G/L) accounts, Customer Master Data, and Vendor Master Data

Answer 9

FI Master Data

Question 10

The data storage area created by the unique combination of Company Code and Chart of Account. It is also used in the preparation of financial accounting statements.

Answer 10

General Ledger (G/L) Accounts

Question 11

Account balances are maintained in FI through fully integrated accounts receivable and accounts payable sub-ledgers.

Answer 11

Customer and Vendor Accounts

Question 12

The information concerning customers who purchase the enterprise’s goods and services, such as sales and payments made.

Answer 12

Accounts Receivable Sub-ledger (FI-AR)

Question 13

The information concerning vendors from whom the enterprise purchases goods and services, such as purchases and payments.

Answer 13

Accounts Payable Sub-ledger (FI-AP)

Question 14

The presentation of an organization’s assets, liabilities, and equity at a point in time.

Answer 14

Balance Sheet

Question 15

Defines what the company owns.

Answer 15

Assets

Question 16

Defines the difference between assets and liabilities.

Answer 16

Equity

Question 17

Formula to compute the assets of the company.

Answer 17

Asset = Liabilities + Equity

Question 18

Presents an organization’s revenues and expenses for a period, such as monthly, quarterly, or annually.

Answer 18

Income Statement

Question 19

Cash inflows due to selling activities or the disposal of company assets.

Answer 19

Revenues

Question 20

Outflows of cash or the creation of liabilities to support company operations.

Answer 20

Expenses

Question 21

Formula to compute net income.

Answer 21

Net Income = Revenues - Expenses

Question 22

These are considered the associated changes, both inflows and outflows, that have occurred in cash, which can be viewed as the most important of all assets – over a given period such as monthly, quarterly, or annually.

Answer 22

Statement of Cashflows

Question 23

These allow an auditor to begin with an account balance on a financial statement and trace through the accounting records up to the transactions that support the account balance.

Answer 23

Audit Trails

Question 24

It provides a solid and important framework for a strong internal control system, a law requirement for companies that operate in most countries.

Answer 24

SAP Document Principle

Question 25

The process of aligning demand with manufacturing capacity in creating production and procurement schedules for the finished products and component materials.

Answer 25

Production Planning (PP)

Question 26

The operating area or branch within the company, such as manufacturing, distribution, purchasing, or maintenance facility.

Answer 26

Plant

Question 27

Allows differentiation between the various stocks of material in a plant.

Answer 27

Storage Location

Question 28

Defines where and when the operation is performed.

Answer 28

Work Center Locations

Question 29

Material, Bill of Materials (BOM), Routing, Work Center, and Product Group

Answer 29

PP Master Data

Question 30

Contains all the information a company needs to manage a material.

Answer 30

Material Master

Question 31

Lists the components that make up a product or assembly.

Answer 31

Bill of Materials (BOM)

Question 32

BOM that lists the main components.

Answer 32

Single-level

Question 33

BOM that lists the main components and their sub-components.

Answer 33

Multi-level

Question 34

BOM that displays several products with many identical parts.

Answer 34

Variant Bill of Materials

Question 35

An object that defines the items in a BOM according to criteria, such as the object type of component.

Answer 35

Item Category

Question 36

The series of sequential steps or operations that must be carried out to produce a given product. It enables the planning of the production of materials (products.) It is also used as a template for production orders and run schedules and as a basis for product costing.

Answer 36

Routing

Question 37

The location within a plant where Value-added work is performed.

Answer 37

Work Center

Question 38

It is aggregate planning that groups materials or Product Families.

Answer 38

Product Group

Question 39

Involves the CEO, COO, CIO, CFO, Controller, and Marketing Director.

Answer 39

Strategic Planning (Forecasting and SOP)

Question 40

Involves the Line Managers, Production Scheduler, MRP Controller, and Capacity Planners.

Answer 40

Detailed Planning (MPS and MRP)

Question 41

Involves the Line Workers and Shop Floor Supervisors.

Answer 41

Manufacturing Execution

Question 42

The foundation of a reliable Sales and Operations Planning (SOP).

Answer 42

Forecasting

Question 43

Uses market research and consumer data to predict future trends.

Answer 43

Trend

Question 44

Used for predicting short-term customer demand at different times of the year.

Answer 44

Seasonal

Question 45

Uses the actual value of each period to predict the next.

Answer 45

Constant

Question 46

Sales, Marketing, Manufacturing, Accounting, Human Resources, and Purchasing Information came from this planning utilizing Intra-firm Collaboration (Institutional Common Sense).

Answer 46

Sales and Operations Planning (SOP)

Question 47

Sales Plan, Production Plan, and Rough Cut Capacity Plan

Answer 47

SOP Layers

Question 48

Serves as the link between the Strategic Planning and Detailed Planning layers in Production Planning and Execution.

Answer 48

Demand Management

Question 49

Demand Management can also be done manually or based on previous planning results such as sales planning, forecast, and SOP.

Answer 49

Demand Program

Question 50

It allows a company to distinguish planning methods between materials that strongly influence profit or use critical resources and those that do not.

Answer 50

Master Production Scheduling (MPS)

Question 51

Here, the system calculates the net requirements while considering available warehouse stock and scheduled receipts from purchasing and production.

Answer 51

Material Requirement Planning (MRP)

Question 52

A request created in the planning run for material in the future.

Answer 52

Planned Order

Question 53

A request or instruction internally to produce a specific product at a specific time.

Answer 53

Production Order

Question 54

A request or instruction to a vendor for a material or service at a specific time.

Answer 54

Purchase Order

Question 55

Used to control production operations and associated costs and defines the material produced, quantity, location, timelines, work involved, resources used, and cost settlement.

Answer 55

Production Order

Question 56

Calculates the production dates and capacity requirements for all operations within an order.

Answer 56

Schedule and Release

Question 57

Entire order and all operations are released for processing, order given is a REL status.

Answer 57

Header Level

Question 58

Individual operations within an order are released.

Answer 58

Operational Level

Question 59

These are printed upon release of the Production Order.

Answer 59

Shop Floor Documents

Question 60

Shop Floor Document of Time Tickets and Confirmation Slips.

Answer 60

Operation-based Lists

Question 61

Shop Floor Document of Material Withdrawal Slips and Pull List (consumption list)

Answer 61

Component-based Lists

Question 62

Shop Floor Document of Overview of tools used with their respective operations.

Answer 62

Production Resource Tool (PRT)

Question 63

Shop Floor Document of Operation Control Ticket and Object Overview

Answer 63

Multi-Purpose Lists

Question 64

It references a BOM to determine the necessary components to produce the material.

Answer 64

Goods Issue

Question 65

Used to monitor and track the progression of an order through its production cycle.

Answer 65

Confirmations

Question 66

The acceptance of the confirmed quantity of output from the production order into stock.

Answer 66

Goods Receipt

Question 67

Consists of settling the actual costs incurred in the order to one or more receiver cost objects.

Answer 67

Order Settlement