what a purchasing organization is involved with - ANSWERan individual or a group of individuals who are responsible for purchasing activities for a material or group of materials
core processes in SAP - ANSWERProcurement
production
fulfillment
tax related data
field status groups
line item d...
what a purchasing organization is involved with - ANSWERan individual or a group of individuals who
are responsible for purchasing activities for a material or group of materials
core processes in SAP - ANSWERProcurement
production
fulfillment
tax related data
field status groups
line item display
reconciliation account data - ANSWERwhat elements are included in company code data in general
ledger accounts?
1. general ledger
2. accounts receivable
3. accounts payable
4. assets
5. bank ledger - ANSWERWhat are the key processes in financial accounting?
financial accounting department - ANSWERWhat impacts the recording of a transaction step in
financial accounting?
Bank Ledger Accounting - ANSWERwhich process records data associated with bank statements?
Financial statement - ANSWERwhich document is used to report data for legal and regulatory
requirements?
bank ledger accounting - ANSWERWhat process is concerned with recording data associated with
bank statements?
reconciliation account - ANSWERa general ledger account that consolidates data from a group of
related sub-ledger accounts
Chart of Accounts (COA) - ANSWERan ordered listing of accounts that comprise a company's general
ledger
client segment & company codes segment - ANSWERincluded on a chart of accounts
account number, account group, short text, long text - ANSWERcoa segment of coa data includes
, assets - ANSWERwhat the company owns such as cash, inventory of materials, land, buildings, and
money owed to the company by its customers (receivables)
liabilities - ANSWERwhat the company owes to others, including money owed to vendors (payables)
and loans from financial institutions
equity - ANSWERthe owners share of the company's assets
revenues - ANSWERmonies the company earns by selling its products and services
expenses - ANSWERcosts associated with creating and selling products and services
CRM (Customer Relationship Management) - ANSWERmanaging all aspects of a customer's
relationship with an organization to increase customer loyalty, retention, and profits
PLM (product lifecycle management) - ANSWERthe processes associated w/ the various phases of
the lifecycle of a product
role of CRM - ANSWERenable a 'single system of truth' about the customer
role of PLM - ANSWERprovides a 'single system of record' about products across the product lifecycle
client - ANSWERhighest level organizational level in SAP
organizational data - ANSWERdata that captures the structure of the enterprise
plant - ANSWERperforms multiple functions and is relevant to several processes
finished goods (FERT) - ANSWERmaterial created by the production process from other materials
raw materials - ANSWERmaterials purchased from an external source and used in the production
process
material group - ANSWERrefers to materials with similar characteristics
client, company code, receiving plant, purchasing group - ANSWERorganizational data used in the
procurement process
consumable product - ANSWERmaterials that are acquired to be consumed by or used within the
organization
vendor master data - ANSWERIncludes data needed to conduct business with a vendor and to
execute transactions related to the purchasing process
Models of a Purchasing Organization - ANSWERenterprise level, company level, plant level
goods movement that involves a physical movement of materials - ANSWERgoods receipt, goods
issue, stock transfer
3 way match - ANSWERform of invoice verification
key organizational elements in the material master data for the fulfillment process - ANSWERclient,
distribution channel, sales organization, plant
combination of the views of master data relevant to the fulfillment process - ANSWERbasic data,
sales organization, sales plant data
general data
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