Invoice Receipt
In the procurement process, it is created to post Accounts Payable to Vendor

False
The fiscal year is always the same with calendar year

Movement Type
Determines which Quantity fields are updated Stock types are updated General Ledger (G/L) stock or consumption accounts are updated
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Valuation Area
It determines at which level a material is valuated (inventory value is established).

Price Variance
Compares the price in the purchase order with the valuation price stored in the material master

Storage Location
Subdvisions of a plant

Reservation
A request to have a material ready for issue at a future date for a production order, sales order, etc.

Purchasing Group
Often used to identify individual buyers

Warning
Message that informs a possible error has been made

False
We use the keyboard ENTER key to save SAP transactions

Profit and Loss
Accounts Payable belongs to what Account Group

A purchasing organization cannot be assigned to more than one plant
This Statement is false

6
How many sessions can you create in SAP?

Shipping point
Location that performs all delivery related activities

Profil and Loss
Rent Expense belongs to what Account Group?

the customer who orders
Sold to party is

MM Purchasing
External procurement of materials and services is a task of

False
Actual stock/ inventory is being deducted upon creation of Sales Order

Purchasing Group
Organizational unit responsible for the procurement of materials and services.

True
Invoice payment updates accounting information

Session
It is a window in which the user may perform a particular task.

no impact
Identify the impact to accounting and inventory when creating Purchase Order

debit A/P CreditCash/Bank
Identify the impact to accounting and inventory when creating Vendor Payment

Debit GR/IR Credit A/P
Identify the impact to accounting and inventory when creating Invoice Receipt

Accounting Department
The department responsible for creating the Invoice Receipt

Warehouse/Inventory Department
The department responsible for creating the goods receipt

No Impact
Identify the impact to accounting and inventory when creating Purchase Requisition

Debit Inventory Credit GR/IR
Identify the impact to accounting and inventory when creating Goods Receipt

Purchase Order
A formal request to a vendor to provide materials or services

F4
The key for displaying possible entries .

Transaction Data
Includes internal and external exchanges that describe business activities

True
Master data for the purchasing process exists in the (MM) and (FI) modules

Plant
Generally used to describe a production site, a distribution center or centralized warehouse

Sales organization, Division, Distribution Channel
Sales area is composed of

Client
A complete database containing all the tables necessary for creating a fully integrated information system

False
Your SAP password should always be alphanumemeric

Sales organization
The department negotiates terms of sales

Purchase Order, Goods Receipt, Invoice Receipt
Which of the following processes are part of the three way matching in SAP procurement process.

Chart of Account
Consist of listing of the accounts (assets, liabilities, equity, revenues, and expenses) that are contained in the General Ledger A listing of the accounts (assets, liabilities, equity, revenues, and expenses) that are contained in the General Ledger.

False
Purchase Requisitions can only be done automatically

Distribution Channel
Identifies how products and services reach the customer

Sales group
Sub-division of a sales office, territory or market

False
Payments to Vendor increases the amount of the Bank Account

True
Creating a Goods Receipt updates the Inventory and Financial Accounting

none of the choices
The basic procurement process covers:

Purchasing Process
It involves the acquisition of goods and services to support the creation of goods and services in the organization

payment from customer is received and posted
The sales process ends when

Organizational Data
A hierarchy in which the organizational units in an enterprise are arranged according to tasks and functions

Indicate customer
Which statement is false when creating a Purchase Order

True
A sales transaction is linked to only one Sales Organization

SAP Lumira
self-service data visualisation solution that allows analysts and decision makers to
access, transform, and visualize data

dataset
subset of data that contains records

Measures and dimension panel
used to view, sort, select, and filter the data in a
visualisation

Chart picker
enables a user to select the type of chart to use in the visualisation.

Shelves
contains shelves where to drag a facet (Measure,
Dimensions) to update the Chart Canvas automatically

Chart Canvas
used to create, modify, or explore a visualisation

Visualization gallery
used to create new visualisations and to select
between visualizations in a story

Invoice Receipt
In the procurement process, it is created to post Accounts Payable to Vendor

False
The fiscal year is always the same with calendar year

Movement Type
Determines which Quantity fields are updated Stock types are updated General Ledger (G/L) stock or consumption accounts are updated
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Only $1/month


Valuation Area
It determines at which level a material is valuated (inventory value is established).

Price Variance
Compares the price in the purchase order with the valuation price stored in the material master

Storage Location
Subdvisions of a plant

Reservation
A request to have a material ready for issue at a future date for a production order, sales order, etc.

Purchasing Group
Often used to identify individual buyers

Warning
Message that informs a possible error has been made

False
We use the keyboard ENTER key to save SAP transactions

Balance Sheet
Accounts Payable belongs to what Account Group

A purchasing organization cannot be assigned to more than one plant
This Statement is false

6
How many sessions can you create in SAP?

Shipping point
Location that performs all delivery related activities

Profil and Loss
Rent Expense belongs to what Account Group?

the customer who orders
Sold to party is

MM Purchasing
External procurement of materials and services is a task of

False
Actual stock/ inventory is being deducted upon creation of Sales Order

Purchasing Group
Organizational unit responsible for the procurement of materials and services.

True
Invoice payment updates accounting information

Session
It is a window in which the user may perform a particular task.

no impact
Identify the impact to accounting and inventory when creating Purchase Order

debit A/P Credit Cash/Bank
Identify the impact to accounting and inventory when creating Vendor Payment

Debit GR/IR Credit A/P
Identify the impact to accounting and inventory when creating Invoice Receipt

Accounting Department
The department responsible for creating the Invoice Receipt

Warehosuse/Inventory Department.
The department responsible for creating the goods receipt

No Impact
Identify the impact to accounting and inventory when creating Purchase Requisition

Debit Inventory Credit GR/IR
Identify the impact to accounting and inventory when creating Goods Receipt

Purchase Order
A formal request to a vendor to provide materials or services

F4
The key for displaying possible entries .

Transaction Data
Includes internal and external exchanges that describe business activities

True
Master data for the purchasing process exists in the (MM) and (FI) modules

Plant
Generally used to describe a production site, a distribution center or centralized warehouse

Sales organization, Division, Distribution Channel
Sales area is composed of

Client
A complete database containing all the tables necessary for creating a fully integrated information system

False
Your SAP password should always be alphanumemeric

Marketing department
The department negotiates terms of sales

Purchase Order, Goods Receipt, Invoice Receipt
Which of the following processes are part of the three way matching in SAP procurement process.

Chart of Account
Consist of listing of the accounts (assets, liabilities, equity, revenues, and expenses) that are contained in the General Ledger A listing of the accounts (assets, liabilities, equity, revenues, and expenses) that are contained in the General Ledger.

False
Purchase Requisitions can only be done automatically

Distribution Channel
Identifies how products and services reach the customer

Sales group
Sub-division of a sales office, territory or market

False
Payments to Vendor increases the amount of the Bank Account

True
Creating a Goods Receipt updates the Inventory and Financial Accounting

none of the choices
The basic procurement process covers:

Purchasing Process
It involves the acquisition of goods and services to It involves the acquisition of goods and services to support the creation of goods and services in the organization

payment from customer is received and posted
The sales process ends when

Organizational Data
A hierarchy in which the organizational units in an enterprise are arranged according to tasks and functions

Indicate customer
Which statement is false when creating a Purchase Order

True
A sales transaction is linked to only one Sales Organization