6. When are asset master records created?

Select an answer:

when an asset is transferred

when an asset is depreciated

when an asset is retired

when a new asset is acquired

7. By referencing a purchase order, what information does the invoice NOT automatically populate?

Select an answer:

vendor bank information

invoice date

vendor

material

8. When are accounts receivable reports NOT useful?

Select an answer:

when suppliers want to know when they will be paid

when customers want to know when their bill is due

when upper management wants to know what the cash flow situation looks like

when you must enter the invoice date manually

9. Why are company codes important in SAP?

Select an answer:

Company codes are general ledger accounts where transactions in the sub ledgers are automatically updated.

Company codes link SAP Financial Accounting with other modules.

Company codes are the smallest unit where financial statements can be created and comply with legal regulations.

Company codes list all the accounts in the general ledger.

10. What two business partner roles must be set up for a supplier before they can be used in the sales and accounts payable process?

Select an answer:

prospect, supplier (fin. accounting)

prospect, financial services bp

supplier (fin accounting), supplier

prospect, supplier

11. You receive an invoice from a supplier for a product you purchased. How does the reconciliation process in SAP deal with that invoice in a way manual bookkeeping would not?

Select an answer:

The automated reconciliation process is the only way a General Ledger entry could be made.

You would not be able to reconcile the invoice with an order to the supplier otherwise.

You will see the invoice automatically reconciled with the order from your customer.

The invoice will automatically post an accounts payable to the supplier's subledger account