MGT Final (Chap 4-6)

The different models of purchasing organizations are defined by assigning the appropriate plants and company codes to the purchasing organization. In which of the following models is the company code not assigned to the purchasing organization?

a. Enterprise level

A sales area can include more than one sales organization

a. False

When an availability check is performed, the ERP system will always include the replenishment lead time if needed materials are not available in inventory

a. False

Work center formula keys determine which of the following?

a. Formula to use in cost calculations

The general ledger account for offsetting entries for inventory postings are determined by which of the following automatic account determination rules?

a. GBB

Which of the following steps in the fulfillment process have a financial accounting impact? (3 answers)

a. Goods issue b. Create billing document (invoice receipt) c. Receipt of customer payment

Which of the following steps in the production process have a financial accounting impact (3 answers)?

a. Goods issue b. Goods receipt c. Order settlement

A tolerance limit has been specified for quantity variance during invoice verification. When using a three-way match, the system will compare invoice quantity with which of the following?

a. Goods receipt

Which of the following activities in the production process result in a management accounting (controlling) impact (3 answers)?

a. Goods receipt b. Confirmation c. settlement

Which of the following steps in the procurement process have a financial accounting impact?

a. Goods receipt b. Invoice verification c. Vendor payment

Which of the following tasks are determined by confirmation parameters (2 answers

a. How goods receipt is to be performed b. Whether or not tolerances are checked

Work center control keys determine which of the following (3 answers)?

a. How operations are scheduled b. Whether operations are internally or externally processes c. The type of confirmation required

All valuation areas assigned to the same valuation group code will have the same account determination rules.

True

One company code can have more than one sales organization assigned to it.

True

Shipping point determination is done at the item level in a sales order.

True

Valuation variants determine which of the following?

a. Prices to use in valuating materials and labor

Which of the following parameters is used to configure floats during production?

...Scheduling Key...

Which of the following are typical valuation options for stock/valuated materials?

Both

Which of the following is used to determine the sequence in which CONDITION TYPES are to be evaluated?

Pricing procedure

A purchasing group is not assigned to any other organizational level.

True

Automatic account determination rules for inventory accounts consider which of the following variables to determine the general ledger account to be used? (2 correct answers)

Two that start with valuation

Which of the following is used to determine the sequence in which CONDITION TABLES are to be evaluated?

a. Access sequence

Activity prices are defined for a combination of which of the following (2 answers)?

a. Activity type b. Cost center

During the procurement process, how does the ERP system determine which GR/IR account to use?

a. Automatic account determination rule

When a goods Issue is recorded, debit and credit entries are posted to appropriate accounts. Which of the following is the source of data to determine the appropriate accounts?

a. Automatic account determination rules

When a customer invoice is recorded, debit and credit entries are posted to appropriate accounts. Which of the following are the source of data to determine the appropriate accounts? (3 answers)

a. Automatic account determination rules b. Customer master Sales document

When performing availability check, which of the following parameters is used by the ERP system to determine if requirements for a material are to be totaled or considered separately?

a. Availability Checking group

The general ledge account for inventory posting is determine by which of the following automatic account determination rules?

a. BSX

Which of the following procedures is used by the ERP system to determine the inventory account?

a. BSX

During the procurement process, how does the ERP system determine which accounts payable reconciliation account to use?

a. Based on data in the vendor master

The parameters to determine how an availability check is caried out are based on which of the following? (2 answers)

a. Checking group b. Checking rule

Several parameters determine how availability check is completed. Which of the following parameters determines WHEN the availability check will be completed?

a. Checking rule

What controlling related data are maintained in work center master data (2 answers)?

a. Controlling area b. Cost center

A costing variant references which of the following parameters (2 answers)?

a. Costing type b. Valuation variant

The selection of a routing in a production order is determined by several parameters. Which of the following is not one of the parameters used in routing selection?

a. Costing variant

Revenue account determination rules ca be defined for a combination of which of the following? (3 answers)

a. Customer account group b. Condition type c. Account key

Shipping conditions are assigned to which of the following?

a. Customer master

Which of the following contains data to determine if the quantity ordered by a customer must be delivered in one shipment or if it can be delivered in multiple shipments?

a. Customer master

When purchasing material for inventory, the invoice price is $500 higher than the purchase order price due to a fuel surcharge. The purchase order price is $6,000. Which of the following are the consequences of posting the vendor invoice? Assume all inventory is available at invoice receipt. (3 correct answers)

a. Inventory account is debited by 500 b. Vendor account is credited by 6500 c. GR/IR is debited by 6000

Which of the following statement about tolerance limits for purchase price difference are true?

a. It is checked when the purchase order is created b. It compares the purchase order price and the valuation price in the material master

Which of the following parameters are used in the shipping point determination? (3 answers)

a. Loading group b. Delivering plant Shipping condition

Which of the following statement s about material valuation at the company code level is true?

a. Material is valued the same way in all plants

Production schedulers are assigned to which of the following?

a. Material master

Which of the following are created/defined at the distribution chain level? (2 answers)

a. Material master b. Pricing conditions

What data are maintained at the storage location level?

a. Material master data b. Quantity based inventory

Values to be used for parameters (variables) in calculating costs are obtained from which of the following (2 answers)?

a. Operations in routing b. Fields in the database

The production scheduling profile is created at which organizational level?

a. Plant

Which of the following activities occur at the plant level?

a. Plant material requirements b. Plan maintenance c. Maintain (track) material stock quantity and value

Which of the following fields is used in account determination procedures to determine if the posing is debit or a credit?

a. Posting key

Which of the following data contained in a material master are determined by its material type?

a. Price control b. Valuation (quantity/value updating)

In the procurement process, when the invoice amount is different from the purchase order amount due to a fuel surcharge, and no inventory of material exists, the additional amount is posted to which of the following accounts?

a. Price difference account

Condition tables are used in determining pricing in a sales order. Condition tables identify the variables or fields used in defining which of the following?

a. Pricing conditions in the conditions master record

Lead time scheduling uses data from which of the following (2 answers)?

a. Product routing b. Scheduling margin key

A planned order can be configured to be converted to which of the following (2 answers)?

a. Production order b. Purchase requisition

A production scheduling profile is assigned to which of the following (2 answers)?

a. Production scheduler b. Material master

Tolerance limits are checked all steps in the procurement process except for which of the following?

a. Purchase requisition

Which of the following are automatic actions that can be specified in a production scheduling profile (3 answers)?

a. Release on create b. Schedule on release c. Goods receipt

Work center control keys are assigned to which of the following (2 answers)?

a. Routing b. Work center

Which of the following determines the type of delivery, the type of billing, the fields to include in the in completion log and the pricing procedure to use?

a. Sales document type

Which of the following are defined/created at the sales area level? (2 answers)

a. Sales documents Customer master maybe vendor master

A distribution channel is assigned to which of the following organizational levels?

a. Sales organization

A division is assigned to which of the following organizational levels?

a. Sales organization

In the fulfillment process, which organization level represents a division of an organization's market based on geographic characteristics?

a. Sales organization

A distribution chain is a combination of which of the following organizational levels? (2 answers)

a. Sales organization b. Distribution channel

Which of the following are assigned to a plant? (2 answers)

a. Shipping point b. Distribution chain

Which of the following statements about material valuation at the plant level are true?

a. The moving average price of a material can be different in different plants b. Plant level valuation is required for certain processes such as production planning and product costing

When purchasing material for inventory, the invoice price is $500 higher than the purchase order price due to a fuel surcharge. The purchase order price is $6,000. Which of the following are the consequences of posting the vendor invoice? Assume NO inventory is available at invoice receipt. (3 correct answers)

a. The price difference account is debited by $500 b. The vendor account is credited by $6500 c. The GR/IR account is debited by $6000

Which of the following statement s about the tax jurisdiction code are correct?

a. The tax jurisdiction code identifies the tax authorities in the country where payment is received b. The tax jurisdiction code specifies the procedure to use when calculating taxes

Which of the following statements correctly describes the role of a tax version?

a. The tax version is used to define the number of tax codes and tax rates when entering a vendor invoice.

Material types are a classification of material based on use. Material types define which of the following characteristics of a material?

a. User departments for which data must be maintained b. Price control c. How quantity and value based on updating is performed

When a customer payment is recorded, debit and credit entries are posted to appropriate accounts. Which of the following are the source of data to determine the appropriate accounts? (2 answers)

a. User input b. Customer master

Which of the following is the valuation modifier used to determine the offsetting entry for goods issue for consumption?

a. VBR

In automatic account determination for inventory posting which of the following is the link between the material master and account determination rules?

a. Valuation class

When the ERP system must determine the inventory account for an FI posting at goods receipt, which of the following data in the material master will point to the general ledger account?

a. Valuation class

Which of the following fields is typically used in account determination procedures to determine the general ledger account for posting?

a. Valuation class b. Valuation modifier

Standard value keys are used to determine which of the following?

a. Variables (parameters) to be used in cost calculation formula

Which of the following data are maintained at the purchasing organization level?

a. Vendor master b. Purchasing info records

In which of the following steps are actual labor costs posted to the production order?

a. confirmation

In the fulfillment process which organization level represents materials with similar characteristics?

a. division