Select the true statements concerning the Credit Control Area

(2 correct answers)

	1.	A Credit Control Area is part of master data
	2.	Multiple Company Codes can use a single Credit Control Area
	3.	A Credit Control Area is designed for a bank
	4.	A Company Code is assigned to one and only one Credit Control Area
	5.	A Credit Control Area can be assigned directly to a Company

Select the audience that the FI module is designed to support.

(4 correct answers)

	1.	Legal Authorities
	2.	Controllers
	3.	Department Managers
	4.	Administration Staff
	5.	Cost Accountants
	6.	Executives
	7.	Taxing Authorities

The _____________ contains a complete list of all the accounts utilized in the _____________ for a given company.

	1.	General Ledger; Chart of Accounts
	2.	Account Group; Company Code
	3.	Chart of Accounts; General Ledger
	4.	General Ledger; Account Group

Which of the following are components of the CO Module?

(4 correct answers)

	1.	Fixed Assets
	2.	Cost Center Acct
	3.	Profit Center Acct
	4.	General Ledger
	5.	Accounts Receivable
	6.	Internal Orders
	7.	Profitability Analysis

Select the appropriate descriptions for the organizational structure "Purchasing Organization".

(3 correct answers)

	1.	Can be assigned to more than one Plant
	2.	The lowest valuation area
	3.	The organizational level where Material Requirement Planning (MRP) runs
	4.	Can be assigned to a Client.
	5.	Must be assigned at the Plant level
	6.	Responsible for the procurement of materials and services

Purchasing Groups can be subdivided into Purchasing Organizations.

True

False

As you saw with your Pen Company, SAP allows for Purchasing Organizations to be assigned at which level(s)?

	1.	All of these
	2.	Company Code
	3.	Both Company Code and Plant
	4.	Plant
	5.	Purchasing Group

Field Status Variants are assigned to each company code

True

False

Which of the following account groups is NOT part of the SAP configuration we have performed?

	1.	Inventory Accounts
	2.	Income Statement Accounts
	3.	Balance Sheet Accounts
	4.	Reconciliation Accounts

Information Technology is considered an expense.

True

False

GL accounts can be specified as either "tax relevant" or "not tax relevant".

True

False

The Vendor master data includes the reconciliation account in the Accounting Information (Company Code) view

True

False

The Standard Price and Per. Unit Prices (moving average price) are displayed on which view of a material master record?

		Basic Data 1
		Purchasing
		MRP 1
		Accounting 1

Which is not an organizational level for the material master data?

	1.	Client
	2.	Plant
	3.	Storage Location
	4.	Account Group

When running MRP, the calculated quantity of material needed is based on all but .... (two correct answers)

	1.	Sales Orders
	2.	Bank Account Balance
	3.	Material Reservations
	4.	Inventory
	5.	Purchase Orders
	6.	Manpower

Indicate the true statements with respect to the Rules associated with master data and transactions

(2 correct answers)

	1.	Do not change as policy changes
	2.	The rules are relatively fixed
	3.	Obtains functionality from the company code configuration
	4.	Defines the parameters