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The standard SAP System contains access sequences that are predefined for each of the standard condition types.

The _______ specifies the enterprise structure level at which material prices and valuation of materials are established

The point at which the credit check is performed does not have an impact on the outcome of the credit check.

The currency type in the controlling area can be set as:

Orders that capture costs related to internal activities that will eventually be settled to a fixed asset in FI are:

_____________________ tend to be the most difficult to delete or change once set up in configuration.

For Cross Company Code or enterprise level, _____ Purchasing Organization is assigned to _____ plants and ____ company code.

Read the following information to answer the following questions: The following information will be used to answer questions regarding the accounting journal entries that happen in the Customer Order Management process as it works in the SAP system.  Financial related business transactions create an accounting entry in the general ledger.  In the SAP system, this is referred to as accounting journal entries happening “behind the scenes” as business transactions happen.  SAP’s automatic account assignment functionality helps facilitate this process. You work for XYZ Company, a company that manufactures motorcycles.  The REV-U-Up model of motorcycle is in finished goods valued at $5,000 each.  Motorcycle Mart, Inc. wants to buy 10 of your Rev-U-Up motorcycles.  The sales price to Motorcycle Mart, Inc. for each motorcycle is $10,000.  There are no tax implications and a 2% discount will be given for early payment by the customer within 10 days of the invoice date (2/10 Net 30). The gross method of accounting for discounts is used.   The questions below will address the accounting related entry that happens when: a.  Motorcycle Mart makes an RFQ (request for quotation) for 10 Rev-U-Up Motorcycles.b.  A sales order is generated for Motorcycle Mart for 10 Rev-U-Up motorcycles.c.  10 Rev-U-Up motorcycles are shipped to the customerd.  Motorcycle Mart is billed for the 10 Rev-U-Up motorcyclese.  Motorcycle Mart pays for the 10 Rev-U-Up motorcycles. Answer these questions from the perspective of XYZ Company. What is the journal entry for (a.) when a customer makes an RFQ (request for quotation).

Once a                  is sent to a vendor, it becomes a binding commitment to purchase the specified materials from the vendor under the stated terms.

In the Acquisition / Payment process, the journal entry that happens “behind the scenes” at INVOICE RECEIPT as related to the SAP system is (assume the company follows the typical process as explained in our lectures and notes on SAP’s Acquisition / Payment process? The GR / IR Clearing Account is the Goods Receipt / Invoice Receipt Clearing Account.