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Chapter 5: Accounting in ERP Systems
TRUE/FALSE
1. An income statement shows a company's profit or loss in a period.
ANS: T PTS: 1 REF: 119
2. When a company has an ERP system it no longer needs a general ledger.
ANS: F PTS: 1 REF: 122
3. When a company has an ERP system the general ledger is maintained by the ERP system.
4. The SAP ERP system has a module called Accounting and Finance.
5. In SAP ERP access to general ledger accounts is spread over many modules.
6. In a manufactured item, the cost of heating the plant would be considered part of the item's raw
materials.
7. In a manufactured item, the cost of heating the plant would be considered part of the item's overhead.
8. Using standard costs to accumulate manufacturing costs means that the company does not have to keep
track of actual manufacturing costs.
9. Activity based costing is a way of treating overhead costs more like direct costs.
10. Activity based costing means keeping track of instances of activities as well as their costs.
11. Having ERP will let a company use more cost allocation bases.
12. Having ERP will require a company to restrict the number of cost allocation bases.
13. In an ERP system, data does not flow from one module to another.
14. In SAP ERP an event's "document flow" can be accessed from any SAP ERP screen.
15. SAP ERP's management reporting tools use data in data warehouses.
16. The capability of viewing summary information and then being able to look at details behind the
summary is known as data mining.
17. The US Congress passed the Sarbanes-Oxley Act of 2002 in response to the fraud and abuse in the
Enron collapse.
18. An ERP system could have prevented all fraud at Enron.
19. It’s very easy to delete items in the ERP system.
20. User authorizations help prevent fraud and abuse by employees paying fictitious vendors.
21. Tolerance groups allow for limiting the authority of employees over certain amounts of transactions.
22. The following is an example of Fitter Snacker’s Balance Sheet.

23. The following is an example of Fitter Snacker’s Income Statement.

24. The following is an example of Fitter Snacker’s Balance Sheet.

25. The following is an example of Fitter Snacker’s Income Statement.

26. Another name for an income statement is a profit and loss statement.
27. In an ERP system, the balance sheet and P&L statements are database reports.
28. Managerial accounting deals with determining the costs and profitability of the company’s activities.
29. In the SAP ERP system, inputs to the general ledger occur simultaneously with input of business
transactions to the various modules.
30. The following SAP screen is an example of document flow.

31. The following screen in SAP is an example of production planning.
32. The key feature of any ERP system is the ability to drill down from a report to the source documents
(transactions) that created it.
MULTIPLE CHOICE
1. Periodically, companies summarize the balances in the books of account. This process is called: ____.
a. Cost accounting d. Closing the books
b. Account closure e. Statement wrap-up
c. Periodic closure
ANS: D PTS: 1 REF: 119
2. Assume a company records its transactions in an ERP system. On the shop floor, a production run has
just been finished and the finished goods are transferred to the warehouse for storage. What would a
likely way be to tell the ERP system about this event?
a. The bar codes on the goods are scanned as they enter the warehouse. The data generated is
passed to the ERP database electronically.
b. A Production clerk summarizes the data in an Excel spreadsheet and sends the spreadsheet
to Accounting. An Accounting clerk enters the data from the spreadsheet into the ERP
program's Materials and Production modules.
c. The bar codes on the goods are scanned as they come off the production line. The data
generated is passed to the ERP system's Production module electronically. Then bar codes
on the goods are scanned as they enter the warehouse. The data generated is passed to the
ERP database electronically.
ANS: A PTS: 1 REF: 122
3. A specialized database used for data analysis purposes is called a: ____.

a. data warehouse d. document pile
b. drill down store e. data union
c. document flow
4. Which financial statement shows account balances such as, cash held, amounts owed to the company
by customers, the cost of raw materials and finished goods inventory?
a. Income statement c. Tolerance group
b. Balance sheet d. Year end report
ANS: B PTS: 1 REF: 118
5. Assume that a buyer calls a seller to order $3,000 worth of goods and her credit limit is $10,000. If
the sellers accounts receivable is already $8,500, how much of the new order will be accepted?
a. The entire amount c. No amount
b. $1,500 only d. $10,000 only
6. ____ are often allocated based on total machine hours or total labor hours.
a. Direct costs c. Overhead costs
b. Plant costs d. Manmade costs
ANS: C PTS: 1 REF: 128
7. In ____, activities associated with overhead cost generation are identified and then records are kept on
the costs and on the activities.
a. ABC, activity-based costing c. ROTM, run of the mill costing
b. BOC, backoffice costing d. POC, plant operation costing
8. Each transaction in SAP ERP gets its own unique number. This is known as: ____.
a. Uniqueness numbering c. Auditing codes
b. Document flow d. Unique codes
9. This is Fitter Snacker’s ____.
a. Balance Sheet c. Credit Report

b. Income Statement d. Document Flow
10. This is Fitter Snacker’s ____.

a. Balance Sheet c. Credit Report
b. Income Statement d. Document Flow
11. Another name for an income statement is a ____.

a. Credit c. Sales
b. Profit and Loss d. Revenue
12. In an ERP system, the balance sheet and P&L statements are: ____.
a. Generated yearly c. Reports
b. Not available d. Modules
13. What is the advantage to credit management in SAP ERP?

a. Marketing and Sales get weekly reports c. Payments are posted daily
b. The data is in real-time d. There is no advantage
14. Given that the cost of manufacturing NRG-A bars is $0.72 per bar, how much does FS need to charge
to make a profit of $0.25?
a. $1.00 c. $0.97
b. $0.99 d. $1.25
15. For Fitter Snacker, the sum of direct materials, production overhead, and direct labor is the ____.
a. COGM - cost of goods manufactured c. COGP - cost of goods produced
b. COGS - cost of goods sold d. COGS - cost of goods shipped
16. The following screen in SAP is an example of ____.
a. Production Planning c. Document Flow

b. MRP d. Configuration Settings
17. The two key pieces of information for a cost analysis is the direct material and the direct ____.
a. Labor c. Driver
b. Overhead d. Selling cost
18. If Fitter Snacker’s cost of making a case of bars is $209.82, and there are 24 bars to a box and 12
boxes to a case, how much money does it cost Fitter Snacker to make each individual bar?
a. $17.49 c. $8.74
b. $1.00 d. $0.72
ANS: D PTS: 1 REF: 130
COMPLETION
1. What is the following? ____________________

ANS: Fitter Snacker’s Balance Sheet
PTS: 1 REF: 118
2. What is the following? ____________________

ANS: Fitter Snacker’s Income Statement
PTS: 1 REF: 119
3. Any business events that occur between companies and their subsidiaries are known as
____________________.
ANS: Intercompany transactions
PTS: 1 REF: 135
4. With a properly configured and managed ERP system, there are direct links between the company’s
____________________ and individual transactions that make up the statements, so that fraud and
abuse can be detected more easily.
ANS: financial statements
PTS: 1 REF: 148
SHORT ANSWER
1. A manufactured item has three cost elements. State what they are and briefly explain the nature of
each.
ANS:
Cost of (1) raw materials; (2) direct labor; (3) overhead. Overhead is the cost of making goods that is
indirectly associated with specific items, for example heating and light.
PTS: 1 REF: 128
2. Assume a company has many foreign-based subsidiaries. In what ways can ERP improve preparation
of consolidated financial statements?
ANS:
By (1) translating from foreign to US currency rapidly and accurately; (2) by eliminating
inter-company transactions.
PTS: 1 REF: 133
3. In a company that has an ERP system the accountants talk in terms of "data flows between modules"
and "sharing data between modules". Why are the accountants speaking imprecisely? I.e., why are
"data flows between modules" and "sharing data between modules" misnomers if an ERP system is
used?
ANS:
The data is not shared. It's available to all modules in one database. There is no need to pass the data
back and forth ("I let you have a copy of my data for your use"). Everyone can see the data in the
database.
PTS: 1 REF: 136
4. How does ERP facilitate "drilling down" to see the details of transaction data?
ANS:
(1) Transaction details are associated with their document number. Click the number, see the details.
(2) Numbers are linked in an audit trail, so that details can be shown in sequence or other relationship.
(3) Further, document flow data is available from any SAP ERP screen.
PTS: 1 REF: 137
5. Assume Fitter Snacker's existing information systems are in place. FS has a customer called First State
TastyBars. Here is the background data on FS and First State TastyBars:
Today's date 4/20/2001

Current list price, NRG-A bars 1.00/bar
Accounts receivable balance at start of business day, First State TastyBars, as
shown on the list available in Marketing $15,000
Credit Limit, First State TastyBars $17,000
An order has come in from First State TastyBars:
Product NRG-A
Amount 10 cases (288 bars/case)
Price List
Ship to First State TastyBars headquarters
Date desired 4/25/2001
Next invoice number A1200
Customer Purchase Order Number FST 1003
There are some documents in FS's system as follows:
Purchase order FST 988 for 3 cases (864 bars) of NRG-A. This order is in the FS sales
order-entry program, but Accounting has not been told about it yet.
A check from FST for $5184 was received in yesterday's mail and entered into Accounting's
PeachTree program. The check applies to some March 2001 orders. The list of accounts
receivable balances that Marketing uses does not reflect this payment.
a. Given the state of FS's systems, will credit be granted or denied on the current order (purchase order
FST 1003)?
b. What is the actual First State TastyBars accounts receivable balance (without considering the
current order)?
c. If the FS systems processed transaction data in a more timely way would credit be granted or
denied? Why?
ANS:
(a) No. $15000 + $2880 = $17880, which exceeds the $17000 limit.
(b) $15000 + $864 unrecorded sale - $5184 cash not shown in AR listing = $10680 actual AR
exposure.
(c) $10680 actual AR + $2880 current order = $13560, which is less than the $17000 limit. Credit
should be granted.
PTS: 1 REF: 123
6. Describe the general ledger with regard to SAP ERP.
ANS:
When a transaction is recorded in SAP ERP, simultaneously the general ledger is updated in real-time.
PTS: 1 REF: 122
7. What are the two main accounting challenges when closing the books for companies with overseas
subsidiaries?
ANS:
Accounts stated in a foreign currency must be converted to the parent company’s currency.
Transactions between companies and their subsidiaries must be eliminated from the accounts.
PTS: 1 REF: 133
8. What is the significance of the following screen in SAP from an Accounting standpoint?
ANS:
When an ERP system is used, all transactions in all areas of a company, get posted in a central
database. Each transaction that gets posted gets its own unique number, called a document number.
This number allows quick access to the data. If you need to look up a transaction online, you do so by
referencing the document number, which acts as an index to the appropriate database table entries.
PTS: 1 REF: 136
9. Why is developing product costs in a large company such a time-consuming task? Why is an
integrated system an advantage?
ANS:
There may be thousands of complicated products, and the task of gathering the required information
and insuring its accuracy can be a major challenge. An integrated system is an advantage because
timely, accurate information is available in the system.
PTS: 1 REF: 131
10. List ways in which an ERP system can prevent or minimize fraud in a company.
ANS:
Archiving
User authorizations
Tolerance Groups
Financial Transparency
PTS: 1 REF: 142|146
ESSAY
1. Explain how activity based costing would be implemented using an ERP system. In doing that, explain
the advantage of using ERP with activity based costing.
ANS:
A trend in inventory cost accounting is toward activity-based costing (ABC). In ABC,

“activities” associated with overhead cost generation are identified and then records are kept on
the costs and on the activities. The activities are viewed as causes (“drivers”) of the overhead
costs. This view treats overhead costs as more direct than traditional cost-accounting methods
have treated them. ABC tries to avoid rough allocation procedures in an attempt to assign costs
more precisely to individual products. A company using ABC to provide more accurate cost
allocations would be able to determine which products have the highest profit margin,
information that is crucial in making strategic decisions on product lines. ABC is often used
when competition is stiff, overhead costs are high, and products are diverse.
Consider this example from FS’s operations. Suppose that storage of raw materials is
considered an “activity.” Assume that storage activities differ between NRG-A and NRG-B bars
because the ingredients are different, and that some of these storage activities are more
labor-intensive than others. In an ERP system, FS would keep track of the various activities
(how often they occur) and the cost of each. Later, when determining the profitability of each
kind of bar, storage costs would be added in, based on their cause. This costing is more precise
than computing an average storage cost based on total storage costs and machine hours, and
then allocating that amount to each kind of bar. Conceivably, if the activities differ enough from
one bar to the next, one could be significantly more or less profitable than the other. This fact
would be revealed by the ABC approach, but not by traditional cost-accounting approaches.
Letting managers see that difference is the value of an information system that supports ABC.
Not all overhead costs can be linked to products by their activities. However, many can,
depending on the company and the manufacturing situation. For many companies, the cost and
effort required to implement ABC is justified by the value of the improved information yielded.
ABC requires more bookkeeping than traditional costing methods because a company must
do ABC in addition to traditional costing, and because ABC requires keeping track of instances
of activities, not just the costs. Companies often use ABC for strategic purposes, and at the
same use traditional costing for generally accepted accounting principles such as bookkeeping
and taxes. Having an integrated information system allows a company to do both kinds of
accounting much more easily. A recent study of companies with and without ERP revealed that:
(1) ERP companies had nearly twice as many cost-allocation bases to use in management
decision-making, and (2) the ERP companies’ managers rated their cost-accounting system
much higher.1 Companies with ERP systems value their cost accounting systems more than if
they didn’t have ERP, and these companies also have more faith in their numbers from the ERP
system.
PTS: 1 REF: 132-133
2. Explain how SAP ERP built-in management reporting and analysis tools are an advantage to an
organization.
ANS:
Accounting records are maintained in the common database. The advantage of using a database
is the ability to query the records to produce standard reports as well as answer ad hoc
questions. An ad hoc question is one that is spontaneous. For example, a Fitter Snacker manager
might run into an analyst's office and ask for an immediate sales report for the third quarter,
snack bar division, by product. Traditional accounting packages are not optimized to set up and
execute queries against accounting records, but database packages are. Therefore, when the
records are kept in a database, the user gets a double benefit. The records can be kept in an
accounting package and the records can be queried because of the built-in database language.
Thus, if a user wants to identify customer 1002’s 10 largest orders in the past year, a query
could be executed to show the answer. In principle, this query could directly access the
transaction records to get the answer. In practice, this would mean that analysts running queries
would be accessing the records at the same time as current transactions are being recorded. This
competition can slow down processing in even a large database, such as those used by ERP
packages.
SAP’s solution to this problem is to provide a data warehouse within each major module.
Analysts query the warehouse rather than the transaction database. For example, SAP ERP
provides the Sales Information System (SIS) tool for analysts querying the sales records and the
Logistics Information System (LIS) tool for analysts querying the logistics (shipping) records.
Both the SIS and the LIS come embedded with SAP ERP. Also, as mentioned in Chapter 2,
SAP also sells its Business Warehouse (BW) product, a completely separate information
system that extracts data from the SAP ERP system. With BW, users have great flexibility in
defining data reports and analyses in a system that does not compete for system resources with
transaction processes.
PTS: 1 REF: 137-138
3. What are the key features of the Sarbanes-Oxley Act?
ANS:
Key Features of the Sarbanes-Oxley Act

The Sarbanes-Oxley Act is designed to encourage top management accountability. Frequently,
top executives involved in corporate scandals claim that they were unaware of abuses occurring
at their company. Title IX of the Sarbanes-Oxley act adds the requirement that financial
statements filed with the Securities and Exchange Commission must include a statement signed
by the Chief Executive Officer and Chief Financial Officer that the financial statement complies
with the Securities and Exchange rules. Specifically, the statements certify that “the information
contained in the periodic report fairly presents, in all material respects, the financial condition
and results of operations of the issuer.” The penalty for “willfully certifying any
statement...knowing that the periodic report accompanying the statement does not comport with
all the requirements set forth in this section shall be fined not more than $5,000,000, or
imprisoned not more than 20 years, or both.”
Title II of the act addresses auditor independence. Among other things, this section of the
act limits the non-audit services that an auditor can provide. Among the non-audit services
prohibited by the act are:
§ Bookkeeping or other services related to the accounting records or financial

statements
§ Financial information systems design and implementation services

§ Legal services
§ Expert services unrelated to the audit
§ Management functions
§ Human resources functions
§ Any other service that the Public Company Accounting Oversight Board (PCAOB)
determines to be impermissible. The PCAOB was created in Title I of the act with
broad powers to regulate audits and auditors of public companies.
Title IV of the act is Enhanced Financial Disclosures, which specifies more stringent
requirements for financial reporting. Section 404 of Title IV requires that a public company’s
annual report contains management’s internal control report. This control report outlines
management’s responsibility for establishing and maintaining adequate internal control over
financial reporting and assesses the effectiveness of its internal control over financial reporting.
Section 409 of Title IV addresses the timeliness of reports, and may require companies to file an
SEC report within two days of a significant trigger event, for example, completion of an
acquisition or default by a major customer.
PTS: 1 REF: 140-141
4. What are the implications of the Sarbanes-Oxley Act for ERP systems?
ANS:
Certainly the Sarbanes-Oxley Act has significant implications for a firm’s information systems.
To meet the internal control report requirement, a company must first document the controls
that are in place and then verify that they are not subject to error or manipulation.
Even the passage of the Sarbanes-Oxley Act and the availability of state-of-the-art ERP
technology cannot prevent insidious and systematic fraud similar to the Enron scandal. An ERP
system relies on a central database with accurate information. It would be more difficult to hide
fraudulent dealings with an ERP system, and perhaps Enron's problems would have been more
obvious to stakeholders of the company. But it is unlikely that an ERP system can prevent all
fraud. An integrated information system such as an ERP provides the tools to implement
internal controls as long as the system is configured and managed correctly.
On the positive side, companies with ERP systems in place will have an easier time
complying with the Sarbanes-Oxley Act than will companies without an ERP. The next section
explores ways in which SAP ERP and other ERP systems can prevent corporate fraud and
abuse. Systems from vendors other than SAP have functionality similar to that of SAP ERP.
PTS: 1 REF: 141

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A folding table frame, designed as a support for a circular split-
bamboo tray, is shown in the photographs reproduced and detailed
in the working drawing. It is a serviceable and inexpensive piece of
furniture, and can be constructed readily by the home mechanic. As
the trays vary in size, the frame must be made to correspond, those
from 24 to 28 in. in diameter being satisfactory. The tray may be
made by the ambitious craftsman or purchased at stores dealing in
Oriental goods. A wooden top may, of course, be substituted. The
frame is made preferably of soft wood. The following finished pieces
are required for a 24-in. tray: 4 legs, ⁷⁄₈ by 3 by 30 in.; 4 crosspieces,
1 by 2 by 25 in. Mortise the legs to the ends of the crosspieces, one
set of mortises being ⁷⁄₈ in. below the other. Assemble the parts and
fasten the joints with glue and 2-in. flat-head screws, countersunk.
This Tray Table Is Readily Portable, and Useful in the House and on the
Porch or Lawn
Adjust the crosspieces of each set so that their centers match, and
fasten them in this position with screws, from the under side. The
two parts of the frame revolve on them when the table is “knocked
down.” On the ends of the lower crosspieces of each set, fasten
blocks to level the support for the tray. Finish the frame to harmonize
with the furniture of the room. Conceal the screw heads under bands
of hammered or oxidized copper, fastened with copper or brass pins.
A second tray may be placed on the lower crosspieces.—F. E. Tuck,
Nevada City, Calif.
Small Desk Lamp Supported by Paper Weight
Those who wish a small desk light that may be pushed back out of
the way in the daytime, will find the accompanying sketch of interest.
When in use on a roll-top desk, the lamp is placed on top near the
edge, so that the bulb overhangs. A 25-watt lamp will light the bed of
the desk, and the small metal shade is so placed that no part of the
bulb is visible to the eye of the worker. By providing a suitable base,
the lamp may be adapted to other uses. A stock paper weight, about
2 in. in diameter and covered with green felt, was used as a base. An
ordinary drop-cord socket is provided, and to one side of the top cap
a strip of brass, ¹⁄₁₆ by ¹⁄₂ in., is soldered. A hole is drilled near the
end of this strip so that the screw which holds the knob will also hold
the socket. Connect the flexible cord in the usual manner.
The shade is made of sheet metal, bent in the form of a cone,
having the front shorter than the opposite edge. Make a sketch of the
bulb, and determine the lengths of the two sides A and B, and then
draw two concentric circles of corresponding radii on paper, as
indicated in the small diagram. The proper curve for the shade will
then lie between these two circles. Cut a paper pattern, and form it
into a cone. After the proper shape is determined, mark it on the
metal, cut it to shape, and solder it. A small spring clip, C, engages
the tip of the bulb; the back of the shade is held by a piece of spring
wire, D. It is easy to spring the shade off in replacing the bulb. The
outside of the shade should be enameled an olive-green.—John D.
Adams, Phoenix, Arizona.
Device Frightens Flies at Screen Door
The Scalloped Roller is Revolved Rapidly When the Door is Opened,

Frightening Flies
An effective means of frightening flies away from a screen door

may be made from a spring curtain rod and cotton duck. Scallops of
8-oz. duck, 6 in. long, are fastened to the pole, on opposite sides, as
shown. The ratchet on the end of the pole is arranged so as not to
catch. A small cord is wound around the pole and fastened to the
screen door. The rod supports are fixed near the top of the door
frame.—Josef H. Noyes, Paris, Tex.
Porch Swing Made from Automobile Seat
The Seat Discarded from a Rebuilt Car was Put to Good Use
When an obsolete type of automobile was converted into a truck
for marketing purposes, a leather-upholstered seat, discarded, was
utilized as an attractive and comfortable porch swing. Hooks were
secured to the front corners of the seat and to the upper edge of the
back, for the chains attached to suitable supports.—George L.
Ayers, Washington, D. C.
Linoleum Panels for a Homemade Chest
A strong packing box was converted into a useful and not
unsightly chest by covering it with panels of linoleum left over from a
job of covering a floor. Strips, ¹⁄₂ by 2 in. wide, were nailed around
the corners of the box to form a panel on the top, sides, and ends.
The wood and the linoleum were shellacked, and made a good
appearance.
¶The lower corner of an envelope may be used as a small funnel.

Camera for Bird Photography
Bird Images Large Enough to Show Identification Markings are Obtained
with This Camera
A reasonably large image must be obtained in photographing bird

life, or the details of plumage and identification are lost, reducing the
value of the pictures. The “gun camera” shown in the photograph
was devised for this purpose, and with it exposures may be made
more quickly than with the telephoto type of camera, a feature of
great value in this class of photography. The device consists of an
ordinary reflecting-type camera, mounted on a carriage for ready
portability and quick adjustment. The bellows is supplemented with a
tube, permitting the use of lenses of upward of 30-in. extreme focus.
This gives a larger image without loss in speed. A ¹⁄₄-in. image of a
bird was obtained with a 7¹⁄₂-in. extreme-focus lens, as against a 2-
in. image with one of 30-in. focus, from the same position. The lens
is set near the rear end of the tube, giving a deep hood for shading
the sunlight. Lenses of an old type, known as “Long Toms,” were
used. They are inexpensive compared with newer types with iris
diaphragms, and give good results even at ¹⁄₁,₀₀₀ exposures.—Arthur
Farland, New Orleans, La.
Electric Fan an Aid to Heating Room
The electric fan is useful not only for cooling the air in summer, but
also for distributing the warm air to advantage in the winter. An
efficient way of warming a room fairly uniformly is to place an electric
fan near a radiator, so that its breeze passes through the heating
coils, or near another source of heat. The heat is circulated around
the room, instead of being kept in a limited area.—Peter J. M. Clute,
Schenectady, N. Y.
Cat-and-Bells Scarecrow
A scarecrow resembling a living animal is often more effective
than other devices, and the cat-and-bells arrangement shown in the
sketch was found especially so. The hide of a cat was stretched over
a hollow frame and suspended by a cord from a large weather vane.
Several bells were attached to the cord, and when the vane shifts in
the wind, the movement of the hide and the rattling of the bells
combine to frighten the birds.—F. H. Sweet, Waynesboro, Va.
¶A coating of five parts of coal tar, one part gasoline, and one part
japan drier will make canvas nearly water-tight.
A Small Hydraulic Turbine
By FRANK D. BELL
C onsiderable power and speed can be developed under ordinary

water-supply pressure by the turbine, or water motor, shown in
the sketch and detailed in the working drawings. The parts are of
simple construction, and the machine may be assembled or taken
down easily. It is useful for either belt or direct connection to
electrical generators, small machines, etc., the direct connection
being preferable for a generator. The wheel is built up of sheet metal
and provided with curved buckets set in the saw-tooth edge. The
water is admitted through an opening in the lower part of the housing
and passes out at the opposite end into a suitable drain pipe. The
housing is made of two sections, the main casting and a cover plate.
Bearings for the shaft are cast into the housing, which is reinforced
on the back by ribs radiating from the center.
View of the Water Turbine with the Cover Plate Removed, Showing Inlet and
Drain
Wooden patterns are made for the housing, the main casting and
the cover plate being cast separately. The pattern for the cover plate
should provide for the bearing lug, as shown in the sectional detail,
and for the angle forming a support at the bottom. Special attention
should be given to allowance for proper draft in making the pattern
for the main casting; that is, the edges of the reinforcing ribs, and the
sides of the shell should be tapered slightly to make removal from
the sand convenient. The advice of a patternmaker will be helpful to

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Enterprise Resource Planning 3rd

Edition Monk Test Bank

1. An income statement shows a company's profit or loss in a period.

ANS: T PTS: 1 REF: 119

2. When a company has an ERP system it no longer needs a general ledger.

ANS: F PTS: 1 REF: 122

ANS: T PTS: 1 REF: 122

ANS: F PTS: 1 REF: 122

ANS: T PTS: 1 REF: 122

ANS: F PTS: 1 REF: 128

ANS: T PTS: 1 REF: 128

ANS: F PTS: 1 REF: 129

ANS: T PTS: 1 REF: 132

ANS: T PTS: 1 REF: 132

ANS: T PTS: 1 REF: 133

ANS: T PTS: 1 REF: 136

ANS: T PTS: 1 REF: 136

ANS: T PTS: 1 REF: 138

ANS: F PTS: 1 REF: 138

ANS: T PTS: 1 REF: 140

18. An ERP system could have prevented all fraud at Enron.

ANS: F PTS: 1 REF: 141

19. It’s very easy to delete items in the ERP system.

ANS: F PTS: 1 REF: 142

ANS: T PTS: 1 REF: 144

ANS: T PTS: 1 REF: 145

22. The following is an example of Fitter Snacker’s Balance Sheet.

23. The following is an example of Fitter Snacker’s Income Statement.

24. The following is an example of Fitter Snacker’s Balance Sheet.

25. The following is an example of Fitter Snacker’s Income Statement.

ANS: T PTS: 1 REF: 119

ANS: T PTS: 1 REF: 120

ANS: T PTS: 1 REF: 120

ANS: T PTS: 1 REF: 122

30. The following SAP screen is an example of document flow.

31. The following screen in SAP is an example of production planning.

ANS: F PTS: 1 REF: 136

ANS: T PTS: 1 REF: 146

3. A specialized database used for data analysis purposes is called a: ____.

9. This is Fitter Snacker’s ____.

a. Balance Sheet c. Credit Report

10. This is Fitter Snacker’s ____.

11. Another name for an income statement is a ____.

13. What is the advantage to credit management in SAP ERP?

16. The following screen in SAP is an example of ____.

a. Production Planning c. Document Flow

1. What is the following? ____________________

PTS: 1 REF: 118

2. What is the following? ____________________

PTS: 1 REF: 119

ANS: Intercompany transactions

PTS: 1 REF: 135

ANS: financial statements

PTS: 1 REF: 148

PTS: 1 REF: 128

PTS: 1 REF: 133

PTS: 1 REF: 136