Question 1

In the ERP system a personnel event is a single HR infotype.

Accepted Answer

A) True 
 B)False  False

Question 2

Numeric document type codes are assigned to each new procurement document created in the SAP ERP system.

Accepted Answer

A) True 
 B)False  False

Question 3

In the ERP HR modules,several infotypes for the same object can exist at the same time,but only one infotype for the object is valid.In such a case,the other infotypes are referred to as

Accepted Answer

A)  delimited. 
B)  invalid. 
C)  archived. 
D)  parents. 
A)  delimited. 
B)  invalid. 
C)  archived. 
D)  parents. A

Question 4

The department responsible for collecting and maintaining time cards and reconciling these to job time summary tickets is the

Accepted Answer

A)  timekeeping department. 
B)  payroll department. 
C)  personnel department. 
D)  production department (for factory workers). 
A)  timekeeping department. 
B)  payroll department. 
C)  personnel department. 
D)  production department (for factory workers).

Question 5

Vendor payment is typically made

Accepted Answer

A)  when an authorized order is placed. 
B)  once an invoice is posted. 
C)  when a goods receipt document is prepared. 
D)  when a purchase requisition has been approved. 
A)  when an authorized order is placed. 
B)  once an invoice is posted. 
C)  when a goods receipt document is prepared. 
D)  when a purchase requisition has been approved.

Question 6

One of the functions of the personnel department is the timekeeping function.

Accepted Answer

A) True 
 B)False

Question 7

Purchasing policies may require ________ ________,which is usually implemented through use of request-for-quotation documents.

Accepted Answer

The answer of Purchasing policies may require ________ ________,which is...

Question 8

Below are three procedures that violate common internal control guidelines over the purchasing function:
a.The company has never established any written policies regarding conflicts of interest for its buyers.
b.The company's buyers are allowed to select suppliers without submitting a list of bidders for review.
c.The same buyers who ask suppliers to submit requests for quotations receive the suppliers' bids directly from the mailroom.
Required: For each procedure,state one problem that could arise because of the failure to follow common guidelines in the purchasing function.

Accepted Answer

Problems that could arise under each con

Question 9

The individual who distributes paychecks should be independent of personnel,timekeeping,and the payroll department.

Accepted Answer

A) True 
 B)False

Question 10

In the materials planning system,purchase requisitions can

Accepted Answer

A)  only be prepared electronically. 
B)  only be prepared manually. 
C)  be prepared either manually or electronically. 
D)  Purchase requisitions are not part of the materials planning system. 
A)  only be prepared electronically. 
B)  only be prepared manually. 
C)  be prepared either manually or electronically. 
D)  Purchase requisitions are not part of the materials planning system.

Question 11

Form 941 is filed to report federal income and social security taxes withheld from employees.It is filed

Accepted Answer

A)  weekly. 
B)  monthly. 
C)  quarterly. 
D)  annually. 
A)  weekly. 
B)  monthly. 
C)  quarterly. 
D)  annually.

Question 12

Approval of a purchase requisition usually means that the request is within cost limits.

Accepted Answer

A) True 
 B)False

Question 13

A document which identifies a vendor and confirms the quantity and price of goods identified in it is called a(n)

Accepted Answer

A)  purchase requisition. 
B)  outline agreement. 
C)  purchase order. 
D)  scheduling agreement. 
A)  purchase requisition. 
B)  outline agreement. 
C)  purchase order. 
D)  scheduling agreement.

Question 14

ERP can copy relevant information from an existing document to a new one,reducing errors and expediting the business process.

Accepted Answer

A) True 
 B)False

Question 15

Unemployment compensation laws are the same in all states,and all states participate in the federal-state unemployment insurance program.

Accepted Answer

A) True 
 B)False

Question 16

Invoice verification is responsible for the payment of invoices in ERP.

Accepted Answer

A) True 
 B)False

Question 17

A voucher system is essentially a(n)________ technique.

Accepted Answer

The answer of A voucher system is essentially a(n)________ technique....

Question 18

For the procurement business process,assessed risk must be clearly documented and controls selected for testing and evaluation.

Accepted Answer

A) True 
 B)False

Question 19

For compliance with SOX,assessed risk for business processes must be clearly documented and ________ selected for testing and evaluation.

Accepted Answer

The answer of For compliance with SOX,assessed risk for business...

Question 20

An employer is responsible for the full amount of federal payroll taxes even when he or she fails to withhold the appropriate contributions from employees.

Accepted Answer

A) True 
 B)False

In the ERP system a personnel event is a single HR infotype.

Numeric document type codes are assigned to each new procurement document created in the SAP ERP system.

In the ERP HR modules,several infotypes for the same object can exist at the same time,but only one infotype for the object is valid.In such a case,the other infotypes are referred to as

The department responsible for collecting and maintaining time cards and reconciling these to job time summary tickets is the

Vendor payment is typically made

One of the functions of the personnel department is the timekeeping function.

Purchasing policies may require ,which is usually implemented through use of request-for-quotation documents.

The individual who distributes paychecks should be independent of personnel,timekeeping,and the payroll department.

In the materials planning system,purchase requisitions can

Form 941 is filed to report federal income and social security taxes withheld from employees.It is filed

Approval of a purchase requisition usually means that the request is within cost limits.

A document which identifies a vendor and confirms the quantity and price of goods identified in it is called a(n)

ERP can copy relevant information from an existing document to a new one,reducing errors and expediting the business process.

Unemployment compensation laws are the same in all states,and all states participate in the federal-state unemployment insurance program.

Invoice verification is responsible for the payment of invoices in ERP.

A voucher system is essentially a(n)________ technique.

For the procurement business process,assessed risk must be clearly documented and controls selected for testing and evaluation.

For compliance with SOX,assessed risk for business processes must be clearly documented and ________ selected for testing and evaluation.

An employer is responsible for the full amount of federal payroll taxes even when he or she fails to withhold the appropriate contributions from employees.

Accounting Information Systems: An Overview

Systems Techniques and Documentation

Ebusiness and Ecommerce

Transaction Processing and the Internal Control Process

Fraud Examination and Fraud Management

Information Systems Security

Electronic Data Processing Systems

Revenue Cycle Processes

The Production Business Process

Systems Planning, analysis, and Design

Systems Project Management, implementation, operation, control

Data Management Concepts

Auditing Information Technology

Filters

Exam 9: Procurement and Human Resources Business Processes

In the ERP system a personnel event is a single HR infotype.

Numeric document type codes are assigned to each new procurement document created in the SAP ERP system.

In the ERP HR modules,several infotypes for the same object can exist at the same time,but only one infotype for the object is valid.In such a case,the other infotypes are referred to as

The department responsible for collecting and maintaining time cards and reconciling these to job time summary tickets is the

Vendor payment is typically made

One of the functions of the personnel department is the timekeeping function.

Purchasing policies may require ________ ________,which is usually implemented through use of request-for-quotation documents.

The individual who distributes paychecks should be independent of personnel,timekeeping,and the payroll department.

In the materials planning system,purchase requisitions can

Form 941 is filed to report federal income and social security taxes withheld from employees.It is filed

Approval of a purchase requisition usually means that the request is within cost limits.

A document which identifies a vendor and confirms the quantity and price of goods identified in it is called a(n)

ERP can copy relevant information from an existing document to a new one,reducing errors and expediting the business process.

Unemployment compensation laws are the same in all states,and all states participate in the federal-state unemployment insurance program.

Invoice verification is responsible for the payment of invoices in ERP.

A voucher system is essentially a(n)________ technique.

For the procurement business process,assessed risk must be clearly documented and controls selected for testing and evaluation.

For compliance with SOX,assessed risk for business processes must be clearly documented and ________ selected for testing and evaluation.

An employer is responsible for the full amount of federal payroll taxes even when he or she fails to withhold the appropriate contributions from employees.

Accounting Information Systems: An Overview

Systems Techniques and Documentation

Ebusiness and Ecommerce

Transaction Processing and the Internal Control Process

Fraud Examination and Fraud Management

Information Systems Security

Electronic Data Processing Systems

Revenue Cycle Processes

The Production Business Process

Systems Planning, analysis, and Design

Systems Project Management, implementation, operation, control

Data Management Concepts

Auditing Information Technology

Filters

Purchasing policies may require ,which is usually implemented through use of request-for-quotation documents.