Required:a) Provide a brief answer to the following three questions.

1.The material master record has been described as the "most integrated" data record in the SAP system.Explain how this record is "integrated" by describing how the record is used by other various functions within SAP. (see pages 2, 3, 4 of the student text).

2.The objective of reliable financial reporting can be broken down further into common transaction-related control objectives. What are these four common transaction-related control objectives?

3.What is the purpose of a reconciliation account such as the AP Recon account created in exercise MM01?