30-33

Which of the following types of data is used to determine the selling prices of companies’ products

• Pricing Conditions
• Output Conditions
• Shipping Point
• Partner Functions

Which of the following statements is WRONG

• Accounts receivable accounting is concerned with customers.
• Expenses are what the company owes to others, including money owed to vendors and loans from financial institutions
• Accounts payable accounting is not associated with the fulfillment process.
• Within accounts receivable accounting, when a payment is made the bank account is debited and the appropriate customer account is credited.

Which term refers to business processes that are not executed by a single group or function?

• Silo Effect
• Cross-Functional
• Functional Structure
• Organizational Structure

In the fulfillment process, creating the goods issue document has an impact on which of the following general ledger accounts?

• The inventory account increases and the accounts receivable account increases
• The inventory account increases and the cost of goods sold account increases
• The inventory account decreases and the cost of goods sold account increases
• The inventory account decreases and the accounts receivable account decreases

Which term refers to an ordered listing of accounts that comprise a company’s general ledger?

• General ledger
• Balance sheet
• Bank ledger
• Chart of accounts (COA)

In the fulfillment process, creating invoice has an impact on which of the following general ledger

• The revenue account increases and the accounts receivable account increases
• The revenue account increases and the cost of goods sold account decrease
• The revenue account decreases and the cost of goods sold account decrease
• The revenue account decreases and the accounts receivable account decreases

In the procure-to-pay process, GBI receive invoice from supplier, before making a payment, accounting department need to verify which of the following documents (also called three-way matching)

• Purchase Order, Goods Receipt Document, Invoice
• Purchase Requisition, Goods Receipt Document, Invoice
• Purchase Order, Packing List, Invoice
• Purchase Requisition, Packing List, Invoice

Which term does represent the debt that the company owes to external partners, including the debt owed to the supplier and loans from financial institutions?

• Liabilities
• Equity
• Assets
• Revenues

Which of the following statements is WRONG about reconciliation accounts?

• Data are posted directly into them
• Data are automatically posted into them after they are posted to the corresponding sub-ledger
• The reconciliation account includes the sum of the postings of the sub-ledgers
• None of the above

Which of the following is used to report data needed to meet legal and regulatory requirements?

• Assets
• Equity
• Tangible document
• Financial statement