Fico Sap Homework

SAP Homework #4

1. In SAP the data processing for external accounting reporting is carried out by the

a. Sales and distribution module

b. Financial accounting module

c. Controlling module

d. MRP module

1. Which of the following activities is not part of financial accounting in SAP?

a. Recording transactions that affect the company's financial statement

b. Analysis of accounts receivable

c. Assignment of costs to products

d. Processing payments from customers

1. Vendor data are used in financial accounting primarily by

a. General ledger accounting

b. Accounts receivable processing

c. Accounts payable processing

d. None of the above use vendor data

1. The smallest unit for which a complete self-contained set of accounts is maintained for external reporting is the

a. Controlling area

b. Business area

c. Credit control area

d. Company code

1. A given SAP client can have only one company code

a. True

b. False

1. A given company code can be associated with multiple credit control areas

a. True

b. False

1. Financial accounting and Sales Logistics are linked primarily through the

a. Vendor master record

b. Customer material master record

c. Material master record

d. Customer master record

1. Financial accounting and Procurement Logistics are linked primarily through the

a. Vendor master record

b. Customer material master record

c. Material master record

d. Customer master record

1. The complete record of all business transactions is contained in the

a. General ledger

b. Document flow

c. Vendor master record

d. Customer master record

1. A sale to a customer is recorded by use of the

a. Appropriate account from the chart of accounts

b. Customer number

c. Sales order number

d. Invoice number

1. A given company code may have multiple controlling areas

a. True

b. False

1. The primary purpose of financial accounting is to provide accounting information for

management decision making

a. True

b. False

1. The account used to track amounts owed to a vendor is the

a. Accounts receivable account in the chart of accounts

b. Customer number

c. Vendor number

d. Purchase order number

1. The linkages between the general ledger and the accounts receivable sub ledger and the accounts payable sub ledger is accomplished through the use of a

a. Customer number

b. Vendor number

c. Company code

d. Reconciliation account

1. Goods can be received and entered into the materials management system even if the related invoice has yet to be received by use of a

a. Reconciliation account

b. General ledger control account

c. Material transfer account

d. GR/IR account

1. Authorization to make payments to vendors for goods purchased comes from

a. General ledger accounting

b. Accounts payable processing

c. Procurement logistics

d. Credit control

1. Income statements produced in the Controlling module are governed by

a. Generally Accepted Accounting Principles

b. The Internal Revenue Code

c. The SEC

d. Nothing

1. The data recorded in Financial Accounting is of no use to Controlling because it must follow Generally Accepted Accounting Principles

a. True

b. False

1. In Controlling, the profit or loss of an organization by individual market segments is

tracked by

a. Cost center accounting

b. Product cost controlling