SAP-Managment Empowered Financials

This type of accounting focuses on assimilating costs that cannot be directly assigned to the goods and services of a company. Cost Element Accounting. Product Cost Accounting. Profit Center Accounting. Overhead Costs Accounting.

In Financial Accounting, which of the following are subledgers of SAP's General Ledger: Accounts Payable. Management. Assets. Accounts Receivables.

Accounting data that is posted for internal reporting purposes are posted in ____________ whereas, accounting data for external financial statements are posted in _____________. Controlling Accounting, Management Accounting. Management Accounting, Financial Accounting. Financial Accounting, Management Accounting. Management Accounting, Controlling Accounting.

Which of the following are TYPICAL steps in the procure to pay process?. Receive the Invoice. Goods issue for production. Purchase Requisition. Place the Purchase Order.

When a manager receives the bill for the goods received, the material is posted to stock, which increases the assets in the Balance Sheet. True. Flase.

When a production order is created, what does the SAP automatically carry out to estimate costs?. Concurrent Costing. Preliminary Costing. Final Costing. Variance Costing.

Put the production order closing process in the right sequence: 1. Overhead Surcharges. 2. Variance Analysis. 3. Goods Receipts. 4. Settlement of Order. 2,3,1,4. 3,1,2,4. 4,2,3,1. 3,2,4,1.

At what point in the order to cash process can a delivery be billed?. Once the order has been placed. When the goods have been removed from the stock and posted as goods issue. When a manager creates a Transport Order and a commissions order is generated. Once the invoice document is created and a printed invoice is sent to the customer.

The dunning process must be manually processed in mySAP ERP. True. False.

In an order to cash process for a service company, the Account Assignments for Activities replace what steps compared to a Manufacturing company?. Billing. Delivery. Transport. Dunning & Payment.

If a customer does not pay its bill, a manager must request the mySAP ERP system to send out a dunning letter. True. False.

mySAP ERP's new General Ledger has: Unified ledger structures for functions such as cost of sales ledger, Profit center accounting and other functions. Structured its ledgers to have one leading ledger with a number of other subledgers to provide parallel accounitng. To be executed in period-end-closing by running seversl reconciliation reports between Management and Financial Accounting.

SAP's Financial Supply Chain Management includes which of the following: Dispute Management. Credit Management. Treasury & Risk Management. Delivery Management.

What are some possible ways to reduce the time involved in the Cash flow cycle?. Synchronize cash flows. Dunning. Efficient collections. Effective dispute handling. Efficient payments.

Time for disputing bills can be reduced because customers can gain access to some supplier information in mySAP ERP. True. False.

mySAP ERP's Audit Information System combines which of the following: Internal Audit. External Audit. Profit Audit. Data Security.

Which of the following controls are part of mySAP ERP's corporate governance?. Inherent Controls. Security Controls. Corporate Controls. Reporting Controls.

SAP's Management of Internal Control only supports centralized organizational units. True. False.