301 Final

96. ?

$1,000.00

97. ?

$20.00 credit

95. ?

$480.00

92. ?

$500.00

94. ?

$500.00

The planned independent requirements (PIR) for CRAY is 100. Pen Inc. currently has 100 CRAY in stock and has no safety stock level defined. The material shortage calculated for CRAY is which of the following?

0 (zero)

Each sales organization must have at least how many distribution channels?

1

Using the data from the sales order previously created, which value is debited to the customer sub-ledger in the invoice customer step?

1,100.00

84. ?

100

85. ?

100

98. ?

2

Pen Inc. currently has no raw materials in stock and no safety stock level has been defined. Considering the JPEN bill of materials (BOM) below, how many line items are listed on the purchase requisition for the raw material shortage in the previous question?

6

89. ?

?

90. ?

?

91. ?

?

Company code represents...

A legal entity

Planned independent requirements represent:

A specific amount of stock to be produced within a period to meet demand

Which of the following is true regarding statistical key figures?

A statistical key figure provides the foundation for accurate and effective cost allocations between various cost objects.

A production order is a specific group of work that is being executed to produce a product. How is this work tracked?

A temporary cost object is created and a production order number is assigned to that cost object

Planned costs of a production order are based on all the following except?

Actual value captured during execution

99. ?

All answers given are correct

A person in HCM represents what?

An employee in the company who occupies a position

The delivery process manages the logistics of shipment to ensure the products are delivered on time at the correct place to meet the what?

Availability to Promise (ATP)

Transactional Data captures the details of a business activity. The transactional data includes elements of date, time, who entered the information, and the specific event number (following the SAP document principle). What else must be included in a business transaction?

Both relevant master data and relevant organizational data

The highest level in an enterprise. One SAP system can be used for several independent companies or subsidiaries of a company.

Client

Material Type is a set of rules defined by the company to dictate how a particular kind of material is to be managed. The creating of the rules in SAP is called:

Configuration

Receiving customer payment leads to a debit to the bank in the amount of the payment. Which are the proper offsetting postings?

Credit customer and Accounts receivable reconciliation

Many items in SAP seems to be constructed in some hierarchy. The hierarchies aid the reporting function in SAP in what way?

Data Summarization also known as data aggregation

The list of postings for invoice customer is which of the following?

Debit customer and accts receivable recon / credit sales revenue and profitability segment.

Step 6 is goods receipt, when purchasing raw material which G/L postings are made?

Debit raw materials and credit the GR/IR

Raw Materials represent which kind of requirement?

Dependent requirement

Demand planning contains the forecasted sales and planned independent requirements which are transferred to which of the following?

Detailed planning functions at each plant

If a customer calls asking about the status of an order, what would you check first to give them the current information?

Document Flow

A document is generated and stored in the system for every transaction or event that causes a change. What is this?

Document Principle

HCM master data include what kind of data?

Employee Information

How is the shortage of raw materials calculated?

Exploding the BOM

Materials that we have manufactured are referred to as which of the following?

Finished Goods

ALL posting in FI are made in...

General Ledger

Transactional Data can also be viewed as the...

History of what has been done

Any organized system for the collection, organization, storage, and communication of information is which of the following?

Information System

An internal order is a type of cost object. What is the primary difference between an internal order and a cost center?

Internal Orders are temporary meaning they have a specific date

Post Goods Issue in the OTC process is the point in time that indicates the legal change in ownership. As the title of the goods change from seller to buyer, what happens to the value of your inventory stock levels?

It is decreased

There are three basic kinds of data used in this course, which of the following is not one of the three?

Market Data

What provides the record of putting the goods away in the goods receipt step?

Material Document

Safety Stock is a value which is set aside as a contingency for unplanned events. Where is this safety stock level created?

Material Master Data

Trading Goods, Raw Materials, and Finished Goods are all examples of which of the following business rule?

Material Type

The GR/IR account is an intermediary clearing account in SAP for goods and invoices. What does this mean?

Materials have been received but not yet billed for

The condition master record for sales and distribution in SAP includes all of the following except?

Moving Average Price (MAP)

A purchasing organization is the unit responsible for which of the following?

Negotiating terms and conditions with vendors

Enterprise Structure in HCM is the same thing as the ____ in other modules

Organizational Structures

The purpose of step 4 is to create which of the following?

PO

Step 8 is defined as which of the following?

Payment to Vendor

93. ?

Pen Parts

Which of the following is a specific trigger for the manufacturing execution process?

Planned Order

Which step in the Order-to-Cash process is the first with FI postings?

Post Goods Issue

How does SAP save transactional data to record financial transactions?

Postings, which are the process of entering debit and credit amounts to ledgers

The operating concern organizational structure in CO supports which of the following functions?

Profitability Analysis Functions in CO

What document is referenced upon goods receipt in the procurement process?

Purchase Order

Step 1 is the trigger for the procurement process, what is this step called?

Purchase Requisition

Which of the following documents are not included in the three-way match?

Purchase Requisition

The purpose of Step 5 is for which of the following?

Purchase order monitoring

Inventory management provides the systems that supports the management of which of the following?

Quality of Stock

Materials which we store in inventory and are used as an input to the manufacturing process, are referred to as which of the following?

Raw Materials

Step 7 in the procure-to-pay process is defined by which of the following?

Receive Vendor Invoice

Which of the following is the market leader in ERP software with over 300,000 customers worldwide?

SAP

The sales area is the unique combination of all of the following except which of the following?

Sales Person

Forecasting is included in which SAP tool?

Sales and Operations Planning

Integrated business processes are made up of all of the following except...

Silos

Step 2 determines which of the following?

Source of Supply

Planned costs value the output of production (materials that are manufactured) using which of the following?

Standard Price

This step may include any inquiry or quotation.

Step 1

This step converts the planned order into the production order, which is it?

Step 2

A production order can be released at the operation level or order level. Which step is this decision implemented?

Step 3

In this step, some documents can be generated such as the picking lists, packing slips, stickers for the boxes and bills of landing. Which step is this?

Step 3

Goods Issue takes place in what step?

Step 4

This step involves a warehouse worker pulling the materials to be shipped off of the shelves.

Step 4

Data from the material master is used to determine how to prepare the material for shipment. The methods and materials that are required for this shipment preparation are followed in which step?

Step 5

Which step represents the place where the actual manufacturing activities take place?

Step 5

This step is the first in the OTC process that generates any financial accounting postings

Step 6

Which step records the actual material, labor, and yield?

Step 6

The customer sub-ledger (among other postings) is debited.

Step 7

The finished goods are put away in inventory, and the accounting postings are made. In which step does this occur?

Step 7

The customer sub-ledger (among other postings) is credited.

Step 8

The production order must be balanced before closing. Which step is the settlement completed?

Step 8

A plant is an organizational data element. Which of the following is a subdivision within a plant?

Storage Location

The Plant is responsible for...

Storage, Manufacturing, and distribution of materials

For an asset, a credit signifies?

The asset value has decreased

Chart of accounts in SAP is an ordered list of G/L accounts (master data) that are used by an organization. It also provides the framework for creating G/L accounts. which answer contains ALL the contents of the chart of accounts?

The chart of accounts listing contains the definition of each general ledger account including the account number, account name, and type of account (balance sheet, income statement or reconciliation account)

For a liability, a debit signifies?

The liability has decreased

What do validity dates represent in HCM?

The start date and the end date of an event

All of the following are true regarding stock items except?

They are generally things for office use such as sticky notes and toilet paper

Materials we purchase from a vendor and resell to our customers unchanged, are referred to as which of the following?

Trading Goods

If there is a difference between planned and actual production costs, that difference has to be accounted for. This difference is called a what?

Variance

Where are purchase orders sent after creation?

Vendor

Step 3 determines which of the following?

Vendor Selection

Production planning is the strategy an organization executes to balance supply with demand. In this context, what is supply?

What we have and what we produce

While there are other methods, when referring to the purchasing cycle discussed in class, purchase order(s) are created how?

With reference to vendor selection

How many line items are listed on the purchase requisition for the CRAY trading goods material shortage calculated in MRP?

a. 0 (zero) there is no purchase requisition for trading goods

Which step represents the production proposal?

step 1

This step checks the customer's credit limit.

step 2