Ipm 450 Midterm Exam Sap Terms

Front 1

Client

Back 1

the first field of every data record in tables that are not overall system-related.

It is a way to have different groupings of data within one database

Front 2

Instance

Back 2

The term “instance” is often used synonymously with “server” or “application server”

Front 3

Company

Back 3

an organizational unit in Accounting which represents a business organization

Front 4

Company code

Back 4

The organizational unit that allows you to structure your enterprise from a financial accounting perspective.

Front 5

General ledger

Back 5

A software system that pulls external and internal data from a variety of ancillary software modules

Front 6

SD

Back 6

Sales and Distribution

Hint 6

Records sales orders and scheduled deliveries.

Front 7

MM

Back 7

Materials Management

Hint 7

Responsible for manages the acquisition of raw materials from suppliers (purchasing) and the subsequent handling of raw materials inventory, from storage to work-in-progress goods to shipping of fin- ished goods to the customer.

Front 8

PP

Back 8

Production Planning

Hint 8

Maintains production information. Production is planned and scheduled, and actual production activities are recorded.

Front 9

QM

Back 9

Quality Management

Hint 9

Plans and records quality control activities, such as product inspections and material certifications.

Front 10

PM

Back 10

Plant Maintenance

Hint 10

manages maintenance resources and planning for preventive maintenance of plant machinery, to minimize equipment breakdowns.

Front 11

AM

Back 11

Asset Management

Hint 11

Helps the company to manage fixed- asset purchases (plant and machinery) and related depreciation.

Front 12

HR

Back 12

Human Resources

Hint 12

facilitates employee recruiting, hiring, and training. This module also includes payroll and benefits.

Front 13

PS

Back 13

Project System

Hint 13

Allows the planning for and control over new R&D, construction, and marketing projects.

This module allows for costs to be collected against a project, and it is frequently used to manage the implementation of the SAP ERP system.

PS manages build-to-order items, which are low-volume, highly complex products such as ships and aircrafts.

Front 14

FI

Back 14

Financial Accounting

Hint 14

Records transactions in the general ledger accounts.

This module generates financial statements for external reporting purposes.

Front 15

CO

Back 15

Controlling

Hint 15

Serves internal management purposes, assigning manufacturing costs to products and to cost centers, so that the profitability of the company’s activities can be analyzed.

The CO module supports
managerial decision making.

Front 16

WF

Back 16

WorkFlow

Hint 16

A set of tools that can be used to automate any of
the activities in SAP ERP.

Front 17

Modules

Back 17

Individual programs that can be purchased, installed, and run separately, but all extract data from the common database.

Front 18

Fiscal Year Variant

Back 18

The fiscal year variant specifies the number of periods and special periods in a fiscal year and how the system is to determine the assigned posting periods.

The fiscal year is a time period used to prepare the financial statements in organizations.

Front 19

Credit control area

Back 19

An organizational unit that represents an area responsible for granting and monitoring credit.

Front 20

Plant

Back 20

A place where materials are produced, or goods and services are provided.

Front 21

Storage location

Back 21

A specific location where inventory or raw materials are stored.

Front 22

Purchasing organization

Back 22

An organizational unit in Logistics, subdividing an enterprise according to the requirements of Purchasing.

Front 23

Purchasing group

Back 23

A key for a buyer or group of buyers responsible for certain purchasing activities.
The purchasing group is:
Internally responsible for the procurement of a material or a class of materials and The principal channel for a company's dealings with its vendors

Front 24

Assignment

Back 24

Transferring the content of one data object to another data object. If the data objects are compatible, the content is copied unchanged. If the data objects are incompatible and there is a suitable conversion rule, the content is converted. Typical statement: MOVE.

Front 25

G/L accounts

Back 25

A structure that records value movements in a company code and represents the G/L account items in a chart of accounts.

Front 26

Account Group

Back 26

A hierarchical structure containing any number of accounts from one chart of accounts.

Front 27

Transaction data

Back 27

Data related to the day to day transactions

Front 28

Transaction

Back 28

a program in normal computer languages, and is identified by a four-character transaction code.

Front 29

transaction key

Back 29

SAP R/3 does its automatic postings is based on the transaction keys

You can define the GL account that you want to hit based on the transaction key and sometimes based on the combination of transaction keys and valuation classes.

Front 30

posting

Back 30

the act of transferring an entry or item from a book of original entry to the proper account in a ledger in SAP.

Front 31

posting key

Back 31

The key determines how items are posted

Front 32

Master data

Back 32

Data that remains unchanged over a period of time.

Front 33

Master record

Back 33

User Master record determines which role is assigned to the user,

Front 34

Vendor

Back 34

The vendor master database contains information about the vendors that supply an enterprise.

Front 35

Material

Back 35

Materials with the same basic attributes are grouped together and assigned to a material type.

Material types are configured in Customizing for the Material Master in Define attributes of material types.

Front 36

Account currency

Back 36

Account currency defines the currency of the account

Front 37

Tax category

Back 37

A tax category must be defined by departure country