| Term | Definition |
|---|
| storage location | where the quantity of inventory is managed not the value. the value is managed at the plant level |
| yes | can a plant have more than one storage location? |
| purchasing organization | procures materials and services, negotiates conditions of purchase with vendors, and bears rsponsibility for such transactions |
| purchasing organization | the organizational unit that subdivides an enterprise acc to the requirements of purchasing |
| purchasing groups | a purchasing organization can be subdivided into_, which consist of buyers responsible for certain day to day purchasing activities |
| company code | each plant is assigned to one. this will facilitate the recording or tracking of transactions at theplant level. each plant MUST be assigned toa _. a plant can only belong to one. |
| yes-this facilitates corporate group wide purchasing | can you a ssign a purchasing org to several company codes? |
| yes-this facilitates company specific purchasing | can you assign a purchasing org to one company code? |
| you don't have to assign a purchasing organization to a company code. this purchasing org can then procure for all plants assigned to it, without regard to the company code to which it belongs? | do you ahve to assign a purchasing organization to a ocmpany code? |
| yes | can a purchasing organization be assigned to more than oneplant? |
| NOT | when establsihing defaults for your parameter id, you would generally want/not want to create default parameter values for entries that change frequently. |
| account group | a classifying feature within the G/L account master records. this is a required entry. |
| account group | determines the fields for teh entry screens if you create or change a master record in the company code. in the ), a number range interval is defien dto which acts can be assigned. |
| field statuses | _ for each acct group control the bheavior of the fields when you are creatinga general ledger acct such as whether or not the field is requried, suppressed, or display only |
| retained earnigns acct | the _acct is tied to a variety of accts and is used in closing the fiscal eyar. at the ned of a fiscal year, the system carries forward the balance of the P & L acct to the _ acct |
| company code | you assign a field status variant to each ) |
| field status group | specifies which fields are ready for input, which fields must be filled or which fields are suppressed when entering documents. specifying which fields are required suprressed, optional, or display only when using the various genral eldger accts. this is assigned toa genral ledger acct when it is created |
| field status variant and the groups | when you assign your company code to the field status variant, you will allopw your company code to use the _ and teh _ that are created within the variant |
| asset balance sheet acct | a general ledger acct for your bank acct is an _ _ _ acct |
| accoutns receivable reconciliation acct, reconciliation accts | this acct is used to sum up customer accts. multiple _ _ could be used you wanted to keep track of different customer accts. this type of acct is normally used wherever there is a hgih volume of transactions taht can be summarized into a single acct for reporting on the balance sheet. this is an asset on teh balance sheet. |
| trading goods inventory acct | an asset balance sheet acct that records the value of the current inventory |
| operatng supplies invt acct | an asset balance acct that records the value of the current invt |
| accts payable reconciliationa cct | this acct is used to sum up vendor accts. multiple reconciliation accts could be used you wanted to keep track of different vendor accts. this type of acct is normally used wherever there is a high volume of transactions that can be summarized intoa signle acct for reporting on teh balance sheet |
| liability | the accts payable reconciliation acct is a _ on the balance sheet |
Combine with other sets
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