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ISDS 4111 Exam 2 study guide 100% Correct!!
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what a purchasing organization is involved with - ANSWERan individual or a group of individuals who are responsible for purchasing activities for a material or group of materials core processes in SAP - ANSWERProcurement production fulfillment tax related data field status groups line item d...

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  • October 15, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • isds 4111 exam 2 study guide 100 correct

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ISDS 4111 Exam 2 study guide 100%
Correct!!

what a purchasing organization is involved with - ANSWERan individual or a group of individuals who
are responsible for purchasing activities for a material or group of materials

core processes in SAP - ANSWERProcurement

production

fulfillment

tax related data

field status groups

line item display

reconciliation account data - ANSWERwhat elements are included in company code data in general
ledger accounts?

1. general ledger

2. accounts receivable

3. accounts payable

4. assets

5. bank ledger - ANSWERWhat are the key processes in financial accounting?

financial accounting department - ANSWERWhat impacts the recording of a transaction step in
financial accounting?

Bank Ledger Accounting - ANSWERwhich process records data associated with bank statements?

Financial statement - ANSWERwhich document is used to report data for legal and regulatory
requirements?

bank ledger accounting - ANSWERWhat process is concerned with recording data associated with
bank statements?

reconciliation account - ANSWERa general ledger account that consolidates data from a group of
related sub-ledger accounts

Chart of Accounts (COA) - ANSWERan ordered listing of accounts that comprise a company's general
ledger

client segment & company codes segment - ANSWERincluded on a chart of accounts

account number, account group, short text, long text - ANSWERcoa segment of coa data includes

, assets - ANSWERwhat the company owns such as cash, inventory of materials, land, buildings, and
money owed to the company by its customers (receivables)

liabilities - ANSWERwhat the company owes to others, including money owed to vendors (payables)
and loans from financial institutions

equity - ANSWERthe owners share of the company's assets

revenues - ANSWERmonies the company earns by selling its products and services

expenses - ANSWERcosts associated with creating and selling products and services

CRM (Customer Relationship Management) - ANSWERmanaging all aspects of a customer's
relationship with an organization to increase customer loyalty, retention, and profits

PLM (product lifecycle management) - ANSWERthe processes associated w/ the various phases of
the lifecycle of a product

role of CRM - ANSWERenable a 'single system of truth' about the customer

role of PLM - ANSWERprovides a 'single system of record' about products across the product lifecycle

client - ANSWERhighest level organizational level in SAP

organizational data - ANSWERdata that captures the structure of the enterprise

plant - ANSWERperforms multiple functions and is relevant to several processes

finished goods (FERT) - ANSWERmaterial created by the production process from other materials

raw materials - ANSWERmaterials purchased from an external source and used in the production
process

material group - ANSWERrefers to materials with similar characteristics

client, company code, receiving plant, purchasing group - ANSWERorganizational data used in the
procurement process

consumable product - ANSWERmaterials that are acquired to be consumed by or used within the
organization

vendor master data - ANSWERIncludes data needed to conduct business with a vendor and to
execute transactions related to the purchasing process

Models of a Purchasing Organization - ANSWERenterprise level, company level, plant level

goods movement that involves a physical movement of materials - ANSWERgoods receipt, goods
issue, stock transfer

3 way match - ANSWERform of invoice verification

key organizational elements in the material master data for the fulfillment process - ANSWERclient,
distribution channel, sales organization, plant

combination of the views of master data relevant to the fulfillment process - ANSWERbasic data,
sales organization, sales plant data

general data

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