Enterprise Integration Systems Final Exam Study Guide

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What is the final step in the fulfillment process?

Receipt of payment from the customer

A company can use which of the following to select a vendor from a list of potential suppliers?

Source list

A goods movement is a transaction that causes a change in stock value or status.

True

A one-to-many relationship exists between a sales area and plants.

True

A quotation can result in multiple sales orders.

True

A sales organization is used to divide a market based on geographic characteristics.

True

A segment is a division of an enterprise for which management monitors performance separately from other segments.

True

Accounting processes are broadly divided into two main categories: financial accounting and management accounting.

True

Accounts payable accounting is concerned with vendors.

True

An inquiry is a request for information regarding a potential order that the customer places with the company.

True

Common reports in financial accounting include income statement, profit and loss, and balance sheet.

True

Consumable materials are acquired to be used within an organization.

True

Distribution channels can be used to differentiate between wholesale, retail, and Internet sales strategies.

True

During the planning phase of a project the scope of the project is defined and the milestones and deadlines are established.

True

Financial statements can be generated for different organizational levels including one or more company codes and business areas.

True

Item categories in a purchase order determine the process steps used to procure materials.

True

Materials are categorized into different material types based on the way they are used in the firm's operations.

True

Organizational data are used to represent the structure of an enterprise.

True

Organizational elements essential to the fulfillment process include client, company code, sales area, and plant.

True

The architecture of an enterprise system refers to the technical structure of the software, how users interact with the software, and how the software is physically managed on computer hardware.

True

The enterprise-level purchasing organization is the most centralized model.

True

The financial accounting documents, management accounting or controlling documents, and material documents are all "virtual."

True

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

Accounts receivable accounting

The fulfillment process (sell) consists of all the steps involved in selling and delivering the products to the organization's customers.

True

The header section of a purchase order contains information such as purchase order number, vendor, currency, dates, and payment terms.

True

Which of the following organizational levels is associated with the method used to distribute materials to a customer?

Distribution channel

A building can house only a single plant.

False

A company code is the highest organizational level in SAP ERP.

False

A company code must have at least two sales organizations.

False

A plant can belong to more than one company code.

False

A purchasing group is an internal group that is responsible for executing the procurement process.

False

A purchasing organization is involved only in negotiating prices with vendors

False

A reconciliation account records the impact of a transaction step on financial accounting.

False

A sales area can be assigned to multiple company codes.

False

A sales area can have many distribution channels.

False

A transfer posting does not generate a material document.

False

A transfer posting is used to move materials from one storage location to another.

False

Accounting data related to a vendor are accessible to all clients in a company code.

False

Accounts payable is used to track money owed by customers.

False

Accounts receivable is used to track money that is owed to vendors.

False

An increase in revenue or liability results in a debit posting.

False

Assets are monies the company earns by selling its products and services.

False

In the case of products, a plant is typically an office building.

False

Information systems that support end-to-end processes are called business processes.

False

Inter-company processes take place within a single company.

False

Material master are organizational elements that performs multiple functions and is relevant to several processes.

False

Materials ordered in multiple purchase orders must be delivered in multiple shipments.

False

Purchasing data related to a vendor are accessible to all purchasing organizations.

False

Reporting is a general term for the methods a user can utilize to update data in the ERP system to execute process steps.

False

The company-level purchasing organization is the most centralized model.

False

The four most common material types are raw materials, semi-finished goods, finished goods, and exported goods.

False

There can only be one storage location within a plant.

False

Which of the following terms refers to an organizational element that performs multiple functions and is relevant to several processes?

Plant

Which of the following types of data is NOT included in a quotation?

Vendor master

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

True

The material master is updated after the invoice verification step of the procurement process has been completed.

True

The purpose of material planning is to match supply with demand.

True

Typically, there are three models of purchasing organizations: enterprise-level, company-level, and plant-level.

True

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

True

What is the final step of the procurement process?

Payment

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

Bank ledger accounting

Pre-sales activity includes all of the following except

Customer purchase orders

In the fulfillment process, a plant is

A facility from which the company delivers products and services to its customers

All of the following are examples of a shipping point except

A storage rack

Which of the following is a key process in financial accounting?

Accounts receivable accounting

SAP can utilize which of the following media to communicate with a vendor?

All of the above (Print, EDI, Fax, Web services)

Which of the following is(are) a form of data within the goods receipt step?

All of the above (Storage location, Verification, Material ordered, Quantity delivered)

Financial statements can be generated from which of the following?

Both operative and country-specific COAs

Which one of the following is not a model of the purchasing organization?

Client level

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

Customer Relationship Management (CRM)

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

Financial accounting (Fl)

Materials that are created by the production process from other materials are referred to as _____________

Finished Goods (FERT)

The data in the customer master are divided into the following three segments:

General data, accounting data, and sales area data

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

None of the above

Which master data do companies use to determine the prices of their products?

Pricing conditions

Which process is used to plan and execute large projects such as the construction of a new factory or the production of complex products such as airplanes?

Project Management

What steps are involved in the accounting portion of the procurement process?

Receiving the invoice and sending payment

Which term is generally used to describe the ways that users can view and analyze data to help them make decisions and complete their tasks?

Reporting

Which of the following statements regarding customer master data is NOT true?

They include data that are needed to make postings in CO.

Which of the following identify tasks that are scheduled to be completed in a process?

Work Lists


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