ERP FINAL

In the procurement process, which department receives payment?

Accounting

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

Accounts receivable accounting

The "silo effect" in organizations is characterized by the following:

All of the above

Customer and vendor accounts are part of the general ledger.

False

___________ is concerned with recording the financial impacts of business processes as they are executed.

Financial accounting (Fl)

Which of the following is used to report data needed to meet legal and regulatory requirements?

Financial statement

The "silo effect" in organizations is characterized by the following:

Focusing on functional objectives without regard to process objectives

When raw materials are used in production, what type of goods movement occurs in an ERP system?

Goods Issue

When finished goods are completed in production, what type of goods movement occurs in an ERP system?

Goods Receipt

What is the step in the fulfillment process that has an impact on a company's financial accounts?

Goods issue

At which step in the procurement process is the balance sheet of a company first affected?

Goods receipt

If you take away two major concepts related to ERP systems, one of them should be

Integration

Which of the following is NOT a business process?

Inventory

Most products purchased at a retail store, such as Wal-Mart, were produced using what manufacturing approach?

Make to Stock

Accounting which focuses on the measurement and analysis of costs and profits is referred to as _________.

Management Accounting

What type of data describes key entities associated with an organization, such as customers?

Master data

The following is NOT a functional area involved in the fulfillment process.

None of the above (all of the above are functional areas in the fulfillment process)

What type of data describes the structure of a business, such as plants and company codes?

Organizational data

To support centralized purchasing for a company, you would implement a single _____________.

Purchasing org purchasing org. enterprise-level purchasing organization enterprise level purchasing organization

Which document in the sales/fulfillment process represents an agreement to sell a material at a certain price under specified conditions?

Quotation

Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts?

Reconciliation account

Which term is a general ledger account that consolidates data from a group of related subledger accounts?

Reconciliation account

Name two types of business process modeling notations discussed in class.

Response Feedback: Event Process Chain (EPC), Flow Charts, Business Process Modeling Notation (BPM

Which term represents the monies a company earns by selling its products and services?

Revenue

What master data element represents a set of instructions for manufacturing or assembling a finished good?

Routing

What is the ES application platform for SAP ERP?

SAP NetWeaver SAP Net Weaver NetWeaver Net Weave

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

Source list

Each plant had different BOM

True

Hammer says that people factors (e.g., change management) are the hardest part of an ERP implementation.

True

When a company purchases materials on consignment, there is no invoice receipt step.

True

With a stock transfer, there are no invoice and payment steps.

True

Which of the following master data elements is NOT critical to the sales/fulfillment process?

Vendor

In class, we visited web sites to view firms' published financial statements. (1) Name one company's web site we visited. (2) What link did we click on to get to the company's financial statements?

WalMart, Investors Wal-Mart, Investors Coca Cola, Investors Coca-Cola, Investors Wal Mart, Investors

Alberta's Windchime Company is a manufacturing company with a make-to-stock strategy. Tim's Wind Toys Store is one of their customers and wants 20 windchimes. When Tim's Wind Toy Store agrees to the terms and conditions and sends a purchase order to Alberta's Windchime Company, this starts:

a fulfillment process in Alberta's enterprise system

The production process's document/data flow ends with:

a goods receipt

Alberta's Windchime Company is a manufacturing company with a make-to-stock strategy. Tim's Wind Toys Store is one of their customers and wants 20 windchimes. Alberta's employees find out they currently only have 15 windchimes in stock. This starts:

a production process in Alberta's enterprise system

Which of the following is NOT a step in the production process?

billing

The following is NOT an example of a shipping point:

all are examples of shipping point: loading dock, rail depot, mail room, group of employees.

The fulfillment process is also referred to as

all of the above

he following is NOT an example of a shipping point:

all of the above are examples of shipping points.

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

all of the above:

What master data element represents a set of instructions for manufacturing or assembling a finished good?

ruoting routings product routing product routings

A sales area is made up of the following organizational elements:

sales organization + distribution channel + division

______________ are places within a plant where materials are kept until they are needed.

storage location storage locations

Financial statements can be generated from which of the following?

Both operative and country-specific COAs

A plant can be assigned to more than one company code.

False

goods receipts ( part of goods movement)

records the receipt of materials in storage

With backward scheduling, companies begin with the the:

required delivery date

What master data element represents a list of raw materials and quantities required to make a finished good?

Bill of Material

Name one of the work centers in the GBI Dallas Production Facility, according to Chapter 6.

Assembly Inspection Packing

Which term represents what a company owns, such as cash, inventory of materials, and buildings?

Assets

What master data element represents a list of raw materials and quantities required to make a finished good?

BOM

Explain the importance of business process modeling in relation to ERP system implementations.

Business process modeling provides a way to clearly define and describe business processes so that everyone involved in the process can understand the process. Process modeling also allows for the identification of areas in the process that need to be improved and modified. An in-depth understanding of an enterprise's business processes and opportunities for process improvement is necessary for successful implementation and use of ERP systems.

____________________refers to an ordered listing of accounts that comprise a company's general ledger.

Chart of Accounts Chart of Account Charts of Accounts COA

Which term refers to an ordered listing of accounts that comprise a company's general ledger?

Chart of accounts (COA)

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

Client level

The type of enterprise system architecture that consists of three layers (presentation, application, and data) is known as:

Client-Server Architecture

Which of the following master data elements is NOT critical to the procurement process?

Customer

What type of master data can track customer-specific material numbers for items customers purchase from your organization?

Customer-material info record

Which of the following organizational structures is NOT part of the procurement process?

Distribution channel

Which of the following organizational structures is NOT part of the production process?

Distribution channel

What organizational data element is typically used to represent a product line, or group of similar products?

Division

Process manufacturing produces goods such as:

Paint

What is the last step in the procurement process?

Payment

What is the last step in the sales/fulfillment process?

Payment

Which of the following document types is NOT utilized during the procurement process?

Picking document

Which document in the production process represents a request to produce more finished goods?

Planned Order

What organizational data element represents a location where inventory is stored and valuated?

Plant

Which of the following is NOT an example of Master Data discussed in the text and/or in class?

Plant

Which of the following master data elements is NOT critical to the production process?

Pricing

What document represents an authorization for the creation of additional finished goods?

Production order

The three-way match process matches key values from which three documents?

Purchase Order, Goods Receipt, Invoice

What is the "controlling" document used in the procurement process (the basis for most activities in the process)?

Purchase order

Which document in the procurement process represents an agreement to buy a material at a certain price under specified conditions?

Purchase order

What is the first step in the procurement process?

Purchase requisition

In the procurement process, which department creates the Purchase Order?

Purchasing

Which of the following organizational structures is NOT part of the sales/fulfillment process?

Purchasing Organization

What organizational data element is typically used to represent buyers of a certain type of materials?

Purchasing group

______________ are places within a plant where materials are kept until they are needed.

Storage locations

Which of the following was NOT listed by Hammer among the largest challenges in an ERP implementation?

Technology

What type of data describes the execution of a specific process or activity, such as a payment?

Transaction data

The following goods movement does not need to involve a physical movement of materials:

Transfer posting

Asset and vendor accounts are maintained in subledgers and are not part of the general ledger.

True

The smallest organizational unit for which accounting can be carried out and represents a legal entity is a ____________.

company code

ERP is an acronym for:

enterprise resource planning

to support centralized purchasing for a company, you would implement a single _____________.

enterprise-wide purchasing organization enterprise-level purchasing organization enterprise level purchasing organization

The phrases "quote to cash" and "order to cash" best describe the:

fulfillment process

Goods movement ( part of procurement)

good receipt goods issue stock transfer transfer posting

Which master data is common across the three main business processes?

material master material materials master materials

Sold-to-party, ship-to-party, bill-to-party, and payer are all examples of

partner functions

Sold-to-party, ship-to-party, bill-to-party, and payer are all examples of:

partner functions