ERP Final Exam UPDATED Exam
Questions and CORRECT Answers
What is a bill of materials? - CORRECT ANSWER - A list of components needed to create a
given product
A movement type is needed in order to issue goods from inventory to a production order. (T/F) -
CORRECT ANSWER - True
A Master does not contain the ____ view - CORRECT ANSWER - Work Execution
What happens when you save a production order in SAP? - CORRECT ANSWER - Planned
costs are automatically calculated
A Sales and Operation (SOP) is? - CORRECT ANSWER - A tool used for forecasting future
sales and production sales
What is a work center? - CORRECT ANSWER - It is a location where operations are carried
out for an order
This SAP SME software solution is best suited for companies that need business software, but
don't want to support a large IT backbone. - CORRECT ANSWER - SAP Business By Design
____ is a SME solution for midsize companies and offers solutions for ad hoc reporting and
analysis, dashboards, visualization, powerful data integration, and prepackaged data mart
solutions - CORRECT ANSWER - SAP BusinessObjects Edge BI
Unlike other business solutions in the midsize market, ______ helps organizations manage
everything from financials, HR, procurement, inventory, manufacturing, logistics, PD, and
corporate services. - CORRECT ANSWER - SAP Business ALl in One
, It is impossible to reassign expenses from one cost center to another. (T/F) - CORRECT
ANSWER - False
A cost center is responsible for? - CORRECT ANSWER - Acquiring costs within a company
Information can be shared between financial aid and management accounting. (T/F) - CORRECT
ANSWER - True
Cost elements have credit costings. (T/F) - CORRECT ANSWER - False
Secondary cost elements are? - CORRECT ANSWER - exclusive to management accounting
How do you customize your balance sheet and profit and loss statement - CORRECT
ANSWER - By changing your financial statement version
A chart of accounts should have? - CORRECT ANSWER - account name, account number,
and G/L account categorization
A chart of accounts can be assigned to several company codes (T/F) - CORRECT ANSWER -
True
What TWO organizational levels are key in FI? - CORRECT ANSWER - Chart of Accounts,
Company Code
What 3 types of accounting reports are typically handled with FI? - CORRECT ANSWER -
Balance sheet, Income statement, Cash Flow
When a transaction is posted in the General Ledger, what information is useful in tracking that
particular transaction? - CORRECT ANSWER - Document number
Questions and CORRECT Answers
What is a bill of materials? - CORRECT ANSWER - A list of components needed to create a
given product
A movement type is needed in order to issue goods from inventory to a production order. (T/F) -
CORRECT ANSWER - True
A Master does not contain the ____ view - CORRECT ANSWER - Work Execution
What happens when you save a production order in SAP? - CORRECT ANSWER - Planned
costs are automatically calculated
A Sales and Operation (SOP) is? - CORRECT ANSWER - A tool used for forecasting future
sales and production sales
What is a work center? - CORRECT ANSWER - It is a location where operations are carried
out for an order
This SAP SME software solution is best suited for companies that need business software, but
don't want to support a large IT backbone. - CORRECT ANSWER - SAP Business By Design
____ is a SME solution for midsize companies and offers solutions for ad hoc reporting and
analysis, dashboards, visualization, powerful data integration, and prepackaged data mart
solutions - CORRECT ANSWER - SAP BusinessObjects Edge BI
Unlike other business solutions in the midsize market, ______ helps organizations manage
everything from financials, HR, procurement, inventory, manufacturing, logistics, PD, and
corporate services. - CORRECT ANSWER - SAP Business ALl in One
, It is impossible to reassign expenses from one cost center to another. (T/F) - CORRECT
ANSWER - False
A cost center is responsible for? - CORRECT ANSWER - Acquiring costs within a company
Information can be shared between financial aid and management accounting. (T/F) - CORRECT
ANSWER - True
Cost elements have credit costings. (T/F) - CORRECT ANSWER - False
Secondary cost elements are? - CORRECT ANSWER - exclusive to management accounting
How do you customize your balance sheet and profit and loss statement - CORRECT
ANSWER - By changing your financial statement version
A chart of accounts should have? - CORRECT ANSWER - account name, account number,
and G/L account categorization
A chart of accounts can be assigned to several company codes (T/F) - CORRECT ANSWER -
True
What TWO organizational levels are key in FI? - CORRECT ANSWER - Chart of Accounts,
Company Code
What 3 types of accounting reports are typically handled with FI? - CORRECT ANSWER -
Balance sheet, Income statement, Cash Flow
When a transaction is posted in the General Ledger, what information is useful in tracking that
particular transaction? - CORRECT ANSWER - Document number
