The last step of the production process is always goods issue.

• True

• False

Which of the following impacts to the general ledger accounts result when a company pays a vendor invoice?

• The bank account is credited.

• The vendor subledger account is debited.

• The bank account is debited.

• The vendor subledger account is credited.

• The accounts payable reconciliation account is debited.

Which of the following statements regarding WM steps related to procurement are NOT TRUE?

• A transfer requirement is created.

• Goods are moved from storage bins to an interim storage area.

• Goods are moved from an interim storage area into storage bins.

• A transfer order is created against an STO.

• A PO triggers the WM process.

What is the CO impact in the confirmation step of the production process?

• Labor costs are transferred from the work centers to the production order.

• Material costs are debited to the production order as actual costs.

• The finished goods inventory account is debited.

• The manufacturing output settlement account is credited.

• The production order is credited by the value of the finished goods.

The availability check in the fulfillment process can trigger the procurement process.

• True

• False

Which of the following statements about an STO are NOT TRUE?

• It can trigger the fulfillment process.

• It can trigger the production process.

• A goods issue can be posted against an STO.

• A goods receipt can be posted against an STO.

• A purchase order can be posted against an STO

The warehouse management process sometimes involves the creation of an FI document.

• True

• False

Which of the following processes can have a controlling (CO) impact?

• Warehouse management

• Fulfillment

• Inventory management

• Production

• Procurement

Calculate the financial effect of a goods issue posting based on the following data. Procurement type: Internal Materials: Pens Quantity shipped: 100 Valuation price at the receiving plant (for one pen): $2.30 Valuation price at the sending plant (for one pen): $2.40

• Debit GR/IR, credit inventory for $230.00.

• Debit inventory, credit COGS for $240.00.

• Debit inventory, credit GR/IR for $230.00.

• Debit and credit to the inventory account for $240.00.

• No financial effect takes place at this step, so no FI document is created.

Which statement about the production process is TRUE?

• It is triggered by the WM process.

• The first step is an availability check.

• The last step is confirmation.

• It involves issuing materials to the production order.

• No FI documents are created.