BSIS 420 Midterm Exam #1 Questions with correct
answers
Which element in the General Ledger Master Data functions like its own
independent company? - ✔✔The Profit Center
You receive an invoice from a vendor for a product you purchased for a customer.
How does the reconciliation process in SAP deal with that invoice in a way manual
bookkeeping would not? - ✔✔The invoice will automatically post an accounts
payable to the vendor's sub-ledger account.
How are transactions categorized in SAP? - ✔✔By the document type
What occurs when a General Ledger item is "parked" in SAP? - ✔✔The document
is stored without being posted.
How does automated posting of subledger items increase efficiency? - ✔✔Items
are posted automatically, which reduces errors that can occur during manual
entry of items.
Enterprise Structure - ✔✔Organizational elements of organizational data
represent the structure of an organization
-The highest level- client represents the enterprise
-GBI is comprised of two companies one in the USA and one in Germany
-Companies have multiple facilities which are represented by a plant
answers
Which element in the General Ledger Master Data functions like its own
independent company? - ✔✔The Profit Center
You receive an invoice from a vendor for a product you purchased for a customer.
How does the reconciliation process in SAP deal with that invoice in a way manual
bookkeeping would not? - ✔✔The invoice will automatically post an accounts
payable to the vendor's sub-ledger account.
How are transactions categorized in SAP? - ✔✔By the document type
What occurs when a General Ledger item is "parked" in SAP? - ✔✔The document
is stored without being posted.
How does automated posting of subledger items increase efficiency? - ✔✔Items
are posted automatically, which reduces errors that can occur during manual
entry of items.
Enterprise Structure - ✔✔Organizational elements of organizational data
represent the structure of an organization
-The highest level- client represents the enterprise
-GBI is comprised of two companies one in the USA and one in Germany
-Companies have multiple facilities which are represented by a plant
