Business process correct answers A _____________ is a collection of linked tasks which are completed in the delivery of a service or product to a customer.
History of what has been done correct answers Transactional Data can also be viewed as the ...
Client correct answers The highest level i...
BUS 301 Final Exam || with Accurate Answers 100%.
Business process correct answers A _____________ is a collection of linked tasks which are
completed in the delivery of a service or product to a customer.
History of what has been done correct answers Transactional Data can also be viewed as the ...
Client correct answers The highest level in an enterprise. One SAP system can be used for
several independent companies or subsidiaries of a company.
A legal entity correct answers Company Code represents ...
The maximum amount that something can contain or accomplish. correct answers Capacity is
defined as ...
The document principle correct answers A document is generated and stored in the system for
every transaction or event that causes a change. What is this?
Material master record correct answers The __________________ contains all the information a
company needs to manage a material? (It contains descriptions of the materials a company
procures, produces, and stores.)
Configuration correct answers Material type is a set of rules defined by the company to dictate
how a particular kind of material is to be managed. The creating of the rules in SAP is called:
All answers given correct answers A work center is a specific physical location in a plant where
work is done. A work center can be which of the following?
Employee lifecycle correct answers The "hire to retire" phrase is a way to depict the
The start date and the end date of an event. correct answers What do validity dates represent in
HCM?
Data summarization also known as data aggregation correct answers SAP uses a hierarchical
structure. These hierarchies aid the reporting functions of SAP in what way?
The audit trail begins with an account balance on a financial statement and traces through the
accounting documents from the transactions that support the account balance. correct answers
An audit trail allows for oversights into financial transactions. Which one of the following
statements are correct (read carefully)
Chart of accounts listing contains the definition of each general ledger account including the
account number, account name, and type of account (balance sheet, income statement) correct
answers Chart of accounts in SAP is an ordered list of G/L accounts that are used by the
organization. Which answer contains all of the contents of the chart of accounts?
, The asset value has decreased correct answers For an asset, a credit signifies ...
The liability has decreased correct answers For a liability, a debit signifies ...
The costs incurred in order to produce revenue correct answers An expense is what?
General Ledger Accounts correct answers All postings in FI are made to
Postings which are the process of entering debit and credit amounts to ledgers correct answers
How does SAP save transactional data to record financial transactions?
We post directly to reconciliation accounts correct answers All of the following are true
regarding reconciliation accounts except:
Individual customers and vendors would require their own GL account making the GL
unnecessarily large as a business may have hundreds, or hundreds of thousands, of these kinds of
accounts. correct answers A subsidiary ledger (also called a sub-ledger) is used for tracking
detailed transactional data separate from the general ledger. Without a sub-ledger what would
happen?
Balance sheet correct answers The Financial statement that is used to report assets and liabilities
is called which of the following?
=Accounts Payable correct answers The reconciliation account used to manage what we owe
suppliers is called which of the following?
Customers correct answers Accounts receivable deals primarily with which of the following?
Financial Statements correct answers External reporting in SAP FI is driven by legal and
regulatory agencies. The reporting statements generally created are known as?
General Ledger correct answers An example of FI master data includes which of the following?
Financial statement version correct answers If we create a new general ledger and want to
include that G/L on the balance sheet which of the following needs to be updated?
Document principle correct answers The creation of the specific number that is created when
executing an FI posting is an example of which of the following:
There can be only one activity type assigned to a cost center correct answers Activity Types are
the productive output of a cost center. More specifically, it is how we monetize activities. Which
of the following are not true regarding Activity types?
A Controlling Document is created correct answers Two periodic allocation techniques are
discussed in the CO Chapter, they are distributions and assessments. Periodic allocations allow
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