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1. Your organization is implementing Financial Accounting in SAP ERP to improve their financial reporting. You have been assigned to manage the creation of the chart of accounts.
What recommendations do you suggest?(Choose three)
A) A company code can also have a country specific chart of accounts.
B) A company code has only one operating chart of accounts.
C) Chart of accounts data in a general ledger master record is defined at the company code level.
D) General ledger master records are first defined at the company code level, and then assigned to the chart of accounts.
E) Many company codes can use the same operating chart of accounts.
2. Logistic invoice verification, in SAP ERP, is the process whereby a vendor's invoice is compared to the goods receipt document and the purchase order.
What business integration processes, within SAP ERP, occurs with the completion of logistic invoice verification?(Choose three)
A) The on-hand quantity in the material master is updated.
B) The vendor master record is updated.
C) An open item is created in the vendor's account.
D) The provisions in the GR/IR clearing account are reversed.
E) The purchase order history is updated.
3. Enterprise Services Architecture (ESA) enables business innovation by (chooseall that apply):
A) Leveraging existing IT assets
B) Increasing time to implementation
C) Maximizing agility
D) Reducing total cost of ownership
4. A depreciation run can be run in which manner? (Choose all that apply)
A) In FI AP
B) In indirect mode
C) In batch mode
D) In direct mode
5. Within SAP ERP Procurement, the procurement process is completed by logistics invoice verification.What happens when the invoice is posted in SAP ERP?
A) The standard price in the material master is recalculated.
B) The GR/IR account within the general ledger is debited.
C) The payment is applied to the vendor's account.
D) An accounting document is generated which posts directly to the Accounts Payable account within the general ledger.
Solutions:
| Question # 1 Answer: A,B,E | Question # 2 Answer: C,D,E | Question # 3 Answer: A,C,D | Question # 4 Answer: C,D | Question # 5 Answer: B |
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