BUSINESS PROCESS exam .pdf

FORMATIVE 1 During a sales order business event, the following data is stored except Vendor Data SAP S/4 HANA connect people, business networks and devices and works in real time? TRUE SAP 5/4 HANA disables a company to support and optimize its business processes? FALSE All of the following are t...

FORMATIVE 1 During a sales order business event, the following data is stored except Vendor Data SAP S/4 HANA connect people, business networks and devices and works in real time? TRUE SAP 5/4 HANA disables a company to support and optimize its business processes? FALSE All of the following are true with SAP S/4 HANA Traditional licensing except SAP ERP embedded S/4HANA is the digital transmission of the company that enables digital transformation? TRUE Cloud and On-Premise can be used individually without losing the company's integration in SAP S/4 HANA? TRUE SAP S/4 HANA is the biggest innovation since SAP R/4? FALSE It refers to the process flexibility. Agility SAP revises the status every time a change in a document takes place? TRUE SAP S/4 HANA is the biggest innovation since SAP R/3? TRUE SAP is stand for Systems Applications Programs? (& PRODUCTS) FALSE Master Data stored for a long time and seldom changed? TRUE The document flow as well as the order status stop the setting of the status at any point in time? FALSE SAP S/4 HANA master data is managed decentralized, for example partners, customers and vendors? FALSE SAP revises the status everyday a change in a document takes place? Every time FALSE All of the following are examples of SAP S/4 HANA documents except___? PRODUCT DOCUMENT SAP Fiori is one of the innovations on SAP S/4 HANA? TRUE The SAP Fiori application types that view essential information about objects and contextual navigation between related objects. FACTSHEET There are 4 transition to SAP S/4 HANA? FALSE Selective data transformation allows a phased approach, focusing on parts of the business with highest ROI and lowest Total Cost of Ownership (TCO)? TRUE It refers to the speed of action. EFFECTIVENESS Project duration parameters refers to rapid adoption of new innovation? FALSE But SAP HANA can do way less with its common processing engines? FALSE Systems conversion is one of the transition to SAP S/4 HANA? TRUE The app List Sales Orders is an Static app. With this app you can also view sales orders, but you can´t see how many sales orders GBI has at the start Launchpad? TRUE Fact Sheet Apps: Apps that maps functions similar to those of existing SAP transactions. These are executable on SAP systems regardless of the database used (as long as it is compatible with SAP)? FALSE Peter Schwarz is responsible for sells products and brings in money? FALSE In 1983, Peter Schwarz started his own bike frame company (Heidelberg Composites)? FALSE In 1995, John Davis started his own mountain bike company (Franksters Bikes)? 1990 FALSE In 2005, John Davis and Peter Schwarz merged their business and form Global Bike Inc.? 2001 FALSE Peter Schwarz is responsible for Sales, Marketing, Service and Support, IT, Finance, and Human Resources? John davis False In 2002, John Davis and Peter Schwarz merged their business and form Global Bike Inc.? FALSE Peter Schwarz as a student, he engineered ultra-light composite bike wheels? TRUE Finished Goods Products OFF ROAD BIKES FOR MEN AND WOMEN In 1990, John Davis started his own mountain bike company (Franksters Bikes)? FALSE The document flow as well as the order status stop the setting of the status at any point in time? False All of the following are master data except ____. Distribution channel SAP S/4 HANA master data is managed centrally, for example partners, customers and vendors? True All of the following are Transaction data except ____. Work center SAP Fiori offers three applications types? True Optimization levers applied on Business market to the segment of one? True SAP HANA is an In-Memory Database that allows you to process data very slow? False SAP S/4 HANA has an old and traditional design? False But SAP HANA can do way more with its different processing engines? True Optimization levers applied on Information Technology market to the segment of one? True SAP HANA is an In-Memory Database that allows you to process data very slow? Fast Project duration parameters refers to the reduce time to value and customer total cost of ownership? Benefit to the customer False In Edit Launchpad, this is the area that you can change the screen color theme? False Insert mode is any data to the left of the cursor moves to the left as you type? False Using the SAP Builder Search, you can search for any master data, transaction data or apps.? False John Davis and Peter Schwarz becomes Co-CEOs of Global Bike Inc.? TRUE Peter Schwarz grew up on road bikes in the White Forest, Germany? Black False Peter Schwarz grew up on road bikes in the Black Forest, Germany? True Global Bike Inc. consists of two companies located in the US and in Germany? True Trading Goods products Accessories Semi-Finished Goods products. Touring aluminum wheel assembly Process Integration Order to cash process An international commercial term defines the terms of sale and the passing of risks for import and export of merchandise. Incoterms It enable the system to calculate a cash discount and invoice due date. Terms of payment It includes planning, entry, and keeping records of all the movements of goods. Inventory management The smallest org unit for which you can maintain a legal set of books. Company code It serves as default information for Purchase Orders. Purchasing information record A precondition for the use of this evaluation is that you previously specify in customizing the criteria by which your vendors are to be evaluated, and how which aspects of their performance are to be rated. Vendor evaluation In purchasing information record disallows buyers to quickly determine which vendors have offered or supplied specific materials? False In purchasing information record allows buyers to quickly determine which vendors have offered or supplied specific materials? True General Information relevant for the entire organization except ___. Bank Outline agreement are divided into 2 parts? True When a Goods Movement for the receipt of goods takes place a series of events occur. Effects of a goods receipt Outline agreement are divided into 3 parts? False The 5th step procure-to-pay process. Vendor shipment Incoming Invoices are reference against a Purchase Order to verify their content, prices, and arithmetic. Invoice processing A source list is a record that specifies the allowed means for procuring a material for a certain plant within a given time period. Source list Requisitions can be satisfied through existing longer-term purchasing agreements. Outline agreement 1st step on procure-to-pay process Purchase requisition A code for goods receipt into GR blocked stock. 103 It can be used for a variety of purposes, the item category (procurement type) defined in the PO will dictate the use of the order and the process that the order will follow. Purchase order All of the following are item categories of Bill of Materials except ____. Seat frame number It refers to the Queues and Move Times (interoperation), Formula Keys. Scheduling information SAP divides production into multiple processes? True The design primarily for chemical, pharmaceutical, food and beverage industries along with batch-oriented electronics. Production Work Centers capture and use the following resource related data except ___. Master data It refers to the Available Capacity, Formulas, Operating Time. Capacity planning It refers to the Cost Center, Activity Types. Costing data An operating area or branch within a company Plant This can be machines, people, production lines or groups of craftsmen. Work center location These are used to control production operations and associated costs. Production order A request created in the planning run for a material in the future (converts to either a production or purchase order). Planned order It is Planned at an aggregate level in time buckets. Sales and operations planning Accurate forecasts are essential in the manufacturing sector? True Independent demand is the source of demand resides at another level? False Accurate forecasts are optional in the manufacturing sector? False These processes has Multiple types of planning strategies based upon environment. Planning strategies Production by Lot Size strategy 30 It is Flexible forecasting and planning tool Forecasting Digital Platform blocks data-driven intelligence and innovation? False Collections of logically related transactions within identifiable business functions is provided by S/4 HANA? True On the year 2009, launching business suite 7 that optimize the business performance and reduce IT costs? True The implementation of 1st SAP in-memory computing product was done in the year 2011? True On the year 2015, SAP S/4 HANA was introduced? True All of the following are traditional database architecture except ___? Single source of data Project duration parameters refers to rapid adoption of new innovation? True Reengineering and process simplification based on ready-to-run business processes? True The Launchpad is the central access point to all apps. in SAP Fiori? True This are conditions agreed between business partners for the payment of invoices. Terms of payment An organization unit responsible for procuring services and materials Purchase organization Purchasing information record report. Vendor evaluation It deals with the management of stock, either on value or quantity basis. Inventory management Allows buyers to quickly determine which vendors have offered or supplied specific materials. Purchasing information record It contains all the information a company needs to manage a material. Material master data Purchasing information record can be created automatically through quotations and contracts? True Material master data is stored in functional segments called Views? True If nothing exists in the system we may need to submit a request for quotation to our vendors. An RFQ is an invitation to a vendor by a Purchasing Organization to submit a bid for the supply of materials or services. Request for quotation Depending on system configuration the difference could cause the system to block the invoice from being paid? True The quotation received by your company is a legally binding offer, should decide to do business with the vendor, containing price’s and conditions for the materials specified in the RFQ for a predefined period of time. Quotation from vendor Buyers cannot perform Quotation Price Comparisons? False Outline agreement are divided into 3 parts? False A purchase vendor selection is a formal request to a vendor for a specific material or service under the stated conditions? Purchase vendor selection False Contracts is consists of items defining the individual materials, material groups, or services with prices? True An Integrated planning tool for batch-orientated process manufacturing. Production Storage Location is an organizational unit allowing differentiation between the various stocks of a material in a plant? True These are used as a template for production orders and run schedules. Routing This is to determine whether the component, production resource tools, or capacities in an order are available. Availability check Dependent Demand –Original source of the demand? False The time between scheduling and releasing an order is used for company checks and any preparation needed for the processing of the order. Schedule & release Sale and Operations Planning usually consists of three steps? True Accurate forecasts are optional in the manufacturing sector? False Forecasts are ALWAYS WRONG? True FORMATIVE 2: It deals with the management of stock, either on value or quantity basis. Inventory Management Purchasing information record can be created manually? True An organization unit responsible for procuring services and materials Purchase Organization The buying activity for a plant takes place at the purchasing organization. Purchase Organization Purchasing information record report. Vendor Evaluation The key that represents the buyer or group of buyers who are responsible for certain purchasing activities. Purchasing Group In purchasing information record disallows buyers to quickly determine which vendors have offered or supplied specific materials? False This is a prerequisite for creating a balance sheet at any time. Reconciliation Account All of the following on Purchasing Organization data fields except ___. Salesman Name The smallest org unit for which you can maintain a legal set of books. Company code A purchase vendor selection is a formal request to a vendor for a specific material or service under the stated conditions? False Contracts is consists of items defining the individual materials, material groups, or services with prices? True In SAP the RFQ and the Quotation will be become a single document, you will enter the vendor’s response in the RFQ you created. Quotation From Vendor Incoming Invoices are reference against a Purchase Order to verify their content, prices, and arithmetic. Invoice Processing A code for consumption for a sales order. 231 It is a formal request to a vendor for a specific material or service under the stated conditions. Purchase Order 1st step on procure-to-pay process Purchase Requisition Internal Document requesting the purchasing department to procure a specific good or service for a specified time. Purchase Requisition Vendor evaluation helps purchasing evaluate vendors for sourcing while also enabling the company to monitor vendor relationships through performance scores and criteria you put in place. Vendor Evaluation once Identified The total quantity of material is spread over a certain period in a delivery schedule, consisting of line items indicating quantities and their planned delivery date. Scheduling Agreement All of the following are Wheel assembly bike parts except ___. Tube An organizational unit allowing differentiation between the various stocks of a material in a plant. Storage Location This can be machines, people, production lines or groups of craftsmen. Work Center Location These are also used as a basis for product costing. Bill of Materials SAP divides production into multiple processes? True These are used as a template for production orders and run schedules. Routing Intra item is referring to place holder? False Variable material is referring to sheet of steel? False Variant bill of materials is referring to several products with a large proportion of identical parts? An Integrated planning tool for batch-orientated process manufacturing. Production Independent Demand is the Original source of the demand? True These are printed upon release of the Production Order. Shop Floor Documents All of the following are PP processes except ___. Risk management Planning with Final Assembly strategy. 40 Accurate forecasts are optional in the manufacturing sector? False It calculates the optimum lot size for a several periods of net requirements. Dynamic All of the following are Sales and operations Planning information origination except ____. Accounting All of the following are Sales and operations Planning information origination except ____. Accounting It is Planned at an aggregate level in time buckets. Master Production Scheduling Independent demand is the source of demand resides at another level? False Forecasts are ALWAYS RIGHT? False Formative 3: It is utilized in the preparation of financial accounting statements General Ledger Master Data Business Area is an organizational unit that represents a separate area of operations or responsibilities within an organization and to which value changes recorded in Financial Accounting can be allocated? True An organizational unit that represents a separate area of operations or responsibilities within an organization and to which value changes recorded in Financial accounting can be allocated. Business Area All of the following are internal target audience of financial accounting except ___. Auditors It is substantive and important integration between materials management and financial accounting. General Ledger accounts It is substantive and important integration between sales and distribution and financial accounting. Accounts Receivable Sub-Ledger Company Code represent an independent legal accounting unit? True Business Area provides a framework for the recording of values to ensure an orderly rendering of accounting data? False Credit Control Area is an organizational unit that represents a separate area of operations or responsibilities within an organization and to which value changes recorded in Financial Accounting can be allocated? False Credit Control Area provides a framework for the recording of values to ensure an orderly rendering of accounting data? False The general journal also contains all cost elements, including primary cost elements, which are also in SAP S/4HANA G/L accounts? False Run several reports (e.g. P&L) and drill-up to any dimension available in the financial documents? False Once written to the SAP database, a financial document (one impacting the financial position of the company) cannot be deleted from the database? True The difference between assets and liability. Equity Each business transaction impacting FI writes data to the SAP database creating a uniquely numbered electronic document? True All the Aggregate and Index tables are removed and are calculated on the fly? False A presentation of an organization’s assets, liabilities, and equity at a point in time. Balance sheet Reporting is limited by application boundaries? False The correct formula for the Net Income. Net Income = Revenues – Expenses SAP document cannot be changed to some degree? True All of the following are target audience of controlling except __. Executives A one-to-one linkage (mapping) between General Ledger revenue accounts and CO revenue elements is established to permit the transfer of FI revenue information to CO. Revenue Element Responsible for cost containment, not responsible for revenue generation. Cost center Managerial accounting is designed to review the transactional data that provides a foundation for preparing external reports that support decision-making within the enterprise? False Posting in FI that impact revenue accounts lead to a posting in CO to a revenue element. Revenue element An enterprises that are commonly divided into profit centers. Profit center Used exclusively in CO for allocations and settlements between and amongst cost centers. Secondary cost element Internal Order is a one-to-one linkage (mapping) between General Ledger revenue accounts and CO revenue elements is established to permit the transfer of FI revenue information to CO? False It is evaluated on profit or return on investment Profit center Cost Center is responsible for cost containment, not responsible for revenue generation? True Flexible, multi-dimensional real-time analyses can be executed directly from the Standard Journal -with simplification of the data into the BI? False Reporting on cost centers, external orders, projects, sales, items and reporting on market segments based on the forecasting-based approach? True Assessment the Sender and receiver cost centers are partially documented in a standard Controlling (CO) document? True Cost elements describe the origin of revenues? False Many reconciliation works were necessary because the components for G & L representations were structured differently and stored in same tables? False The use of Material Ledger (ML) is now mandatory and manually active in all SAP S/4HANA systems? False No separate cost element master data maintenance anymore in one of the innovations in S/4 HANA? True General Ledger in S/4HANA is based in the Universal Journal? True Primary cost elements arise through the consumption of production factors that are provided internally? True In Distribution the sender and receiver revenue centers are partially documented in a standard Controlling (CO) document? False A client may only one company codes? False Company Code provides a framework for the recording of values to ensure an orderly rendering of accounting data? True All of the following are internal target audience of financial accounting except ___. Auditors Company Code is an independent environment in the system? True A classification scheme consisting of a group of general ledger (G/L) accounts. Charts of Accounts Financial posting for customers and vendors are made directly to their respective individual accounts and accompanied by a concurrent automatic posting to the General Ledger. Customer and vendor master data Business Area provides a framework for the recording of values to ensure an orderly rendering of accounting data? False Financial Statements can be created for business areas, and these statements can be used for various internal reporting purposes. Business area In general, the financial accounting reports are primarily, but not exclusively, directed at external parties? True A client may have more than one company codes? True The presentation of an organization’s revenues and expenses for a given period of time (e.g. monthly, quarterly, or yearly). Income Statement The SAP document principle provides less framework for a strong internal control system –a requirement of law for companies that operate in most countries in the world? False The SAP document principle provides a solid and important framework for a strong internal control system –a requirement of law for companies that operate in most countries in the world? True Using the real time SAP HANA database means that reporting from many different finance areas is unified into a multi repository? False General Ledger in S/4HANA is based in the general Journal? True All the Aggregate and Index tables are updated and are calculated on the fly? False Traditional Financial reporting are as follows: FI or CO or CO-PA? False Reporting is limited by application boundaries? False Finance incorporates a re-designed General Ledger and new asset accounting functionalities is one of the innovations in S/4 HANA? True Materials Management incorporates a re-designed General Ledger and new asset accounting functionalities is one of the innovations in S/4 HANA? False Profit Center is Responsible for expense generation and cost containment? False Another terminology for managerial accounting is __. Controlling Profit Center is evaluated on profit or return on investment? True An operating profit for the individual market segments can be calculated. Operating Concern Provide the foundation for accurate and effective cost allocations between cost objects. Statistical Key Figures Profit Center is Responsible for revenue generation and cost containment? True CO Organization Structure supports the development and presentation of relevant information in order to enable and support business decisions? True Cost Center is responsible for cost containment, not responsible for revenue generation? True Internal Order is permanent cost collector responsible for cost containment, not responsible for revenue generation? True A way to identify and track where revenues and costs are incurred for evaluation purposes. Operating concern Assessment is a method of distributing both primary and secondary cost elements? False In Distribution the sender and receiver revenue centers are partially documented in a standard Controlling (CO) document? False Assessment the Sender and receiver cost centers are partially documented in a standard Controlling (CO) document? False Flexible, multi-dimensional real-time analyses can be executed directly from the Standard Journal -with simplification of the data into the BI? False Cost elements describe the origin of revenues? False Secondary cost elements arise through the consumption of production factors that are sourced externally? False Expenses and Revenue accounts in Financial Accounting correspond to Primary Cost and Revenue Elements? True Posting Primary Cost Element is from Managerial Accounting supplies expense to Cost Center of Financial Accounting? True General Ledger in S/4HANA is based in the Universal Journal? True Posting Primary Cost Element is from Financial Accounting supplies expense to Cost Center of Managerial Accounting? False