2025 |GUARANTEED ACCURATE
ANSWERS |VERIFIED
14. What is the equation used to interpret the balance sheet? -
ACCURATE ANSWERS✔✔ Assets = Liabilities + Equity
16. What type of account consolidates data from related sub-ledgers
before posting in the General Ledger? - ACCURATE ANSWERS✔✔
16. Reconciliation Account
17. Which system of the ES application suite should be used to
document processes related to purchasing materials? - ACCURATE
ANSWERS✔✔ 17. Supplier Relationship Management [SRM]
18. What part of an organization is responsible for actual buying
execution? - ACCURATE ANSWERS✔✔ 18. Purchasing Group
19. What set of financial regulations is used in the United States? -
ACCURATE ANSWERS✔✔ 19. Generally Accepted Accounting
Principles [GAAP]
,"20. Using T-accounts - ACCURATE ANSWERS✔✔ a long-term bank
loan would be posted as a _______ balance. Which side of the T-account
would it typically be posted?",20. Credit. Right Side.
21. Cross-functional processes - no single group or function is
responsible for their execution. It provides ______________________
among many functional areas. - ACCURATE ANSWERS✔✔ 21.
Shared Responsibility
22. The fundamental concept behind SOA (Service-Oriented
architecture) relates to the technical capabilities that allow systems to
connect with one another through standardized interfaces called
___________________________. - ACCURATE ANSWERS✔✔ 22.
Web Services
23. The most commonly used master data in an organization is the
_____________________. - ACCURATE ANSWERS✔✔ 23. Material
master
"24. Transactional data reflect the consequences of executing process
steps or transactions. Thus transaction data are a combination of
_______________, _______________, and ________________."," -
ACCURATE ANSWERS✔✔ 24. Organizational data, master data,
situational data"
, "25. OLTP (Online transaction processing) is used to
generate______________________ - ACCURATE ANSWERS✔✔
while OLAP (Online Analytic processing) generates
______________________________.","25. Simple lists and reports,
detailed data analysis."
"26. A _________________________ - ACCURATE ANSWERS✔✔
which is a work list, identifies all customer orders that must be prepared
for delivery so that they can be shipped in a timely manner.",26. Picking
due list
"27. Accounts within account groups in SAP are segregated into number
ranges and share the same ______________________________ settings
(which fields are suppressed required, displayed or optional). -
ACCURATE ANSWERS✔✔ 27. Field status variant
28. ________________________ accounts CANNOT be posted to
directly. - ACCURATE ANSWERS✔✔ 28. Reconciliation
"29. Accounts payable accounting is concerned with
_____________________ - ACCURATE ANSWERS✔✔ while
Accounts receivable accounting is concerned with
_____________________.","29. Vendors, customers"
30. The Purchasing __________ is responsible for actual buying
execution. - ACCURATE ANSWERS✔✔ 30. Group