Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Terp10 Unit 3

Financial Accounting

QuestionAnswer
What is the purpose of Financial Accounting (FI)? Focuses on the G/L, the process of receivables, and Asset Accounting
What is the purpose of Reconciliation Accounts? Connects the sub-ledgers to the G/L in real-time
What is the purpose of Accounts Payable Accounting (AP)? Records all business transactions that have to do with the relationships to suppliers. It takes much of its data from the Procure to Pay business process.
What is the purpose of Accounts Receivable Accounting (AR)? Records all business transactions that have to do with the relationships to customers. It takes much of its data from the Order to Cash business process.
What is the purpose of Asset Accounting (AA)? Records all business transactions that have to do with the management of assets.
What is the purpose of Bank Ledger (BL)? Supports the booking of cash flows.
What level is the G/L managed at? The company level. From there, the required balance sheet and/or the P/L statement are compiled.
How many leading ledgers is there in each Client? One.
What are the components of SAP Financial Supply Chain Management? 1. Electronic Bill Presentment and Payment (SAP Biller Direct) 2. SAP Dispute Management 3. SAP Collections Management 4. SAP Credit Management 5. SAP Cash and Liquidity Management 6. SAP In-House Cash 7. SAP Treasury and Risk Management
What is the purpose of SAP Biller Direct? Allows billers to send -- and customers to receive -- invoices electronically, making invoicing more efficient.
What is the purpose of SAP Dispute Management? Offers you system support for processing payment deductions as well as enables cross-departmental resolution of dispute cases, including work-flow support and escalation procedures. This improves receivables management and speeds up invoice settlement.
What is the purpose of SAP Collections Management? Allows you to structure, classify, and minimize the receivables owed to your organization. You can make receivables management in your company more efficient and process an ever-increasing receivables balance in as short a time period as possible.
What is the purpose of SAP Credit Management? Provides companies that have a large customer base with the opportunity to monitor the total liability of their customers, using appropriate credit lines. It is a centralized and company-wide management of credit lines.
What is the purpose of SAP Cash and Liquidity Management? Supports the cash manager in efficiently managing liquidity and currency risk. It eliminates redundant data entries entirely.
What is the purpose of SAP In-House Cash? Allows diversified companies to optimize their intra-group payment transactions by opening an in-house bank. It is a virtual bank within the corporate group, with which each associated company has one or more accounts.
What is the purpose of SAP Treasury and Risk Management? Offers a comprehensive set of functions for managing your financial transactions and risk. You get straight-through processing for all conventional types of instruments within investment, debt, and foreign exchange management.
Created by: mark.mcdonald84
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards