Question 1

The SAP ERP system has a module called Accounting and Finance.

Accepted Answer

A) True 
 B)False

Question 2

Figure 3
-Figure 3 is an example of document flow.

Accepted Answer

A) True 
 B)False

Question 3

The U.S.Congress passed the Sarbanes-Oxley Act of 2002 in response to the fraud and abuse in the Enron collapse.

Accepted Answer

A) True 
 B)False

Question 4

In SAP ERP access to general ledger accounts is spread over many modules.

Accepted Answer

A) True 
 B)False

Question 5

Figure 1
-Figure 1 is an example of Fitter Snacker's Balance Sheet.

Accepted Answer

A) True 
 B)False

Question 6

Using standard costs to accumulate manufacturing costs means that the company does not have to keep track of actual manufacturing costs.

Accepted Answer

A) True 
 B)False

Question 7

When a company has an ERP system,the general ledger is maintained by the ERP system.

Accepted Answer

A) True 
 B)False

Question 8

In the SAP ERP system,inputs to the general ledger occur simultaneously with input of business transactions to the various modules.

Accepted Answer

A) True 
 B)False

Question 9

Figure 1
-Figure 1 is Fitter Snacker's ____________________.

Accepted Answer

The answer of  
Figure 1
-Figure 1 is Fitter Snacker's...

Question 10

Assume that a buyer calls a seller to order $3,000 worth of goods and her credit limit is $10,000.If the sellers accounts receivable for the customer is already $8,500,how much of the new order will be accepted?

Accepted Answer

A) The entire amount 
B) $1,500 only 
C) No amount 
D) $10,000 only

Question 11

Which general ledger document tracks the amount of money that a customer owes for the goods received by the customer?

Accepted Answer

A) Balance sheet 
B) Accounts receivable 
C) Accounts payable 
D) Income statement

Question 12

In an ERP system,data does not flow from one module to another.

Accepted Answer

A) True 
 B)False

Question 13

COMPLETION
  
Figure 2
-Figure 2 is Fitter Snacker's ____________________.

Accepted Answer

The answer of COMPLETION
  
Figure 2
-Figure 2 is Fitter...

Question 14

What are the three cost elements for a manufactured item?

Accepted Answer

The answer of What are the three cost elements for...

Question 15

Figure 3
-Figure 3 is an example of production planning.

Accepted Answer

A) True 
 B)False

Question 16

In an ERP system,the balance sheet and P&L statements are database reports.

Accepted Answer

A) True 
 B)False

Question 17

What are the two main accounting challenges when closing the books for companies with overseas subsidiaries?

Accepted Answer

The answer of What are the two main accounting challenges...

Question 18

Figure 2
-Figure 2 is an example of Fitter Snacker's Balance Sheet.

Accepted Answer

A) True 
 B)False

Question 19

Each transaction in SAP ERP gets its own unique number,which acts as an index to the appropriate database table entries.This is known as ____.

Accepted Answer

A) document reference 
B) document flow 
C) auditing codes 
D) unique codes

Question 20

The term drill down refers to the ability to view the details behind a summary of information.

Accepted Answer

A) True 
 B)False

Exam 5: Accounting in Erp Systems

The SAP ERP system has a module called Accounting and Finance.

Figure 3 -Figure 3 is an example of document flow.

The U.S.Congress passed the Sarbanes-Oxley Act of 2002 in response to the fraud and abuse in the Enron collapse.

In SAP ERP access to general ledger accounts is spread over many modules.

Figure 1 -Figure 1 is an example of Fitter Snacker's Balance Sheet.

Using standard costs to accumulate manufacturing costs means that the company does not have to keep track of actual manufacturing costs.

When a company has an ERP system,the general ledger is maintained by the ERP system.

In the SAP ERP system,inputs to the general ledger occur simultaneously with input of business transactions to the various modules.

Figure 1 -Figure 1 is Fitter Snacker's ____________________.

Assume that a buyer calls a seller to order $3,000 worth of goods and her credit limit is $10,000.If the sellers accounts receivable for the customer is already $8,500,how much of the new order will be accepted?

Which general ledger document tracks the amount of money that a customer owes for the goods received by the customer?

In an ERP system,data does not flow from one module to another.

COMPLETION Figure 2 -Figure 2 is Fitter Snacker's ____________________.

What are the three cost elements for a manufactured item?

Figure 3 -Figure 3 is an example of production planning.

In an ERP system,the balance sheet and P&L statements are database reports.

What are the two main accounting challenges when closing the books for companies with overseas subsidiaries?

Figure 2 -Figure 2 is an example of Fitter Snacker's Balance Sheet.

Each transaction in SAP ERP gets its own unique number,which acts as an index to the appropriate database table entries.This is known as ____.

The term drill down refers to the ability to view the details behind a summary of information.