An enterprise comprises of two companies, one located in the US and one in Germany. Each is represented in the ERP system by the enterprise structure element?

Company Code

Client

Chart of Accounts

None of the above

Configuration of chart of accounts belongs to the phase in financial accounting.

Master data

Enterprise structure

Testing

Business rules and parameters

One of the requirements of GAAP is that companies report revenue and expenses for all key product and service lines. This is referred to as segment reporting. Within the SAP ERP system, is used to represent segments.

Company code

Cost center

Business area

Internal order

The general ledger provides the primary structure of financial accounting at the .

Chart of accounts level

Company code level

Both

None of above

Which of the following statements is false?

A Company code can belong to more than one controlling area.

A plant can be allocated to a company code

A company G/L is customized from the Chart of Accounts

A controlling area can be assigned to many company codes

All of the above are true

Which of the following statements is false?

Company code can belong to only one controlling area.

A plant can be allocated to a company code

A company G/L is customized from the Chart of Accounts

A controlling area can be assigned to many company codes

All of the above are true

Below are some General Ledger Account segments, decide which ones are from the company code level? (4 correct answers)

A. Account Number

B. Account Currency

C. Long Text

D. Account Group

E. Field Status Group

F. Open Item Management

G. Line Item Display

Assigning company code to controlling area is one of the most important connections of financial accounting to controlling. This enables all financial transactions to flow over to controlling for internal management accounting purposes. This enables the company to complete all EXCEPT:

Cost center accounting

Profitability analysis

Product costing

Internal orders and more.

These questions can be answered with settlement rule functionality EXCEPT:

What costs are going up over time?

What percentage of costs needs to go to different receivers of costs?

Where will those costs go (receivers of cost)?

What cannot be a receiver of cost?

Which is the secondary cost element?

Rent expense

Bad debt expense

Labor

All of the above

Which is the allocation method to get costs to the right place in SAP:

Distribution

Reposting

Assessment

All of the above

A periodic allocation method that deals with the allocation of both primary and secondary costs is:

Distribution

Reposting

Periodic reposting

Assessment

Which is/are the features of Profitability Analysis?

Good for individual customers

Used for Segment Reporting

Good for businesses

A and B

B and C

What is the key integration of financial accounting to controlling?

A. Primary Cost Center

B. Primary Cost Element

C. Primary Profit Center

D. Primary Controlling Element

E. Primary Integration Center

Valuation area must be set to the level in order to use the production planning component and/or the costing component.

Plant

Company code

Enterprise

Client

XYZ client has two operating units located at US and Europe respectively. US operating unit has 2 manufacturing facilities located - Loc1, Loc2. Europe operating unit has 2 manufacturing units Loc3, Loc4. How is the enterprise structure configured in system?

US00 -> Loc1, Loc2

UK00 -> Loc3, Loc4

XYZ -> US00, UK00

All of the above

Only A B

Which step has a material and financial impact in the General Ledger?

Purchase Requisition

Purchase Order

Goods Receipt

Vendor Payment

Which step does not have financial impact in the General Ledger?

Purchase Requisition

Purchase Order

Goods Receipt

Both A and C

Both A and B

The data needed for the ERP system to execute the processes steps are defined in .

Material Master

Valuation Class

Material Valuation Level

Transaction Key

Which form of purchasing is used by organizations that want to centralize the procurement process?

Enterprise Level Model

Cross Plant Model

Plant Specific Model

Decentralized Model

Which one is the most decentralized model of purchasing where a separate purchasing organization is responsible for purchasing for each plant?

Enterprise Level Model

Cross Plant Model

Plant Specific Model

When the vendor invoice with the fuel surcharge is received, the vendor and A/P accounts are credited by the amount of the invoice, The GR/IR account is cleared with a debit entry. Which account should this amount be posted?

Variance Account

Price Difference Account

Quantity Difference Account

All of the above

_______ serves an important role in connecting a material master with a vendor master, and containing specific information about this relationship between the vendor and material

Valuation Class

Purchasing Group

Purchasing Info Record

Purchase Order

An enterprise comprises of two companies, one located in the US and one in Germany. Each is represented in the ERP system by the enterprise structure element?

Company Code

Client

Chart of Accounts

None of the above

Configuration of chart of accounts belongs to the phase in financial accounting.

Master data

Enterprise structure

Testing

Business rules and parameters

One of the requirements of GAAP is that companies report revenue and expenses for all key product and service lines. This is referred to as segment reporting. Within the SAP ERP system, is used to represent segments.

Company code

Cost center

Business area

Internal order

The general ledger provides the primary structure of financial accounting at the .

Chart of accounts level

Company code level

Both

None of above

Which of the following statements is false?

A Company code can belong to more than one controlling area.

A plant can be allocated to a company code

A company G/L is customized from the Chart of Accounts

A controlling area can be assigned to many company codes

All of the above are true

Which of the following statements is false?

Company code can belong to only one controlling area.

A plant can be allocated to a company code

A company G/L is customized from the Chart of Accounts

A controlling area can be assigned to many company codes

All of the above are true

Below are some General Ledger Account segments, decide which ones are from the company code level? (4 correct answers)

A. Account Number

B. Account Currency

C. Long Text

D. Account Group

E. Field Status Group

F. Open Item Management

G. Line Item Display

Assigning company code to controlling area is one of the most important connections of financial accounting to controlling. This enables all financial transactions to flow over to controlling for internal management accounting purposes. This enables the company to complete all EXCEPT:

Cost center accounting

Profitability analysis

Product costing

Internal orders and more.

These questions can be answered with settlement rule functionality EXCEPT:

What costs are going up over time?

What percentage of costs needs to go to different receivers of costs?

Where will those costs go (receivers of cost)?

What cannot be a receiver of cost?

Which is the secondary cost element?

Rent expense

Bad debt expense

Labor

All of the above

Which is the allocation method to get costs to the right place in SAP:

Distribution

Reposting

Assessment

All of the above

A periodic allocation method that deals with the allocation of both primary and secondary costs is:

Distribution

Reposting

Periodic reposting

Assessment

Which is/are the features of Profitability Analysis?

Good for individual customers

Used for Segment Reporting

Good for businesses

A and B

B and C

What is the key integration of financial accounting to controlling?

A. Primary Cost Center

B. Primary Cost Element

C. Primary Profit Center

D. Primary Controlling Element

E. Primary Integration Center

Valuation area must be set to the level in order to use the production planning component and/or the costing component.

Plant

Company code

Enterprise

Client

XYZ client has two operating units located at US and Europe respectively. US operating unit has 2 manufacturing facilities located - Loc1, Loc2. Europe operating unit has 2 manufacturing units Loc3, Loc4. How is the enterprise structure configured in system?

US00 -> Loc1, Loc2

UK00 -> Loc3, Loc4

XYZ -> US00, UK00

All of the above

Only A B

Which step has a material and financial impact in the General Ledger?

Purchase Requisition

Purchase Order

Goods Receipt

Vendor Payment

Which step does not have financial impact in the General Ledger?

Purchase Requisition

Purchase Order

Goods Receipt

Both A and C

Both A and B

The data needed for the ERP system to execute the processes steps are defined in .

Material Master

Valuation Class

Material Valuation Level

Transaction Key

Which form of purchasing is used by organizations that want to centralize the procurement process?

Enterprise Level Model

Cross Plant Model

Plant Specific Model

Decentralized Model

Which one is the most decentralized model of purchasing where a separate purchasing organization is responsible for purchasing for each plant?

Enterprise Level Model

Cross Plant Model

Plant Specific Model

When the vendor invoice with the fuel surcharge is received, the vendor and A/P accounts are credited by the amount of the invoice, The GR/IR account is cleared with a debit entry. Which account should this amount be posted?

Variance Account

Price Difference Account

Quantity Difference Account

All of the above

_______ serves an important role in connecting a material master with a vendor master, and containing specific information about this relationship between the vendor and material

Valuation Class

Purchasing Group

Purchasing Info Record

Purchase Order