Flow charting is a technique used for ____________

• A) summarizing the whole process.
• B) graphically representing the whole process.
• C) statistically representation of a process from beginning to end.
• D) theoretical representation from finish to start.

A connector is used for:

• A) decision
• B) control passes
• C) iterative process
• D) operation

Process of determine for each employees's pay is called ____________

• A) pay slip
• B) payroll managment
• C) salary process
• D) payroll run

Which of the following focuses on external part of the organization ______________

• A) Both
• B) None
• C) Managerial Accounting
• D) Financial Accounting

Accounting is used for ______________

• A) Successful Documentation of Transactions
• B) Managing the Costs and Expenses Incurred
• C) Documentation as well as forecasting of Data
• D) Successful Management of Transactions

Analyzing, designing, documenting or managing a process is done in:

• A) Through Flowcharts.
• B) Financial Accounting.
• C) Design and Control.
• D) Operational Planning.

Traditionally firms maintain ___________ to manage accounts

• A) General Ledger
• B) Balance Sheet
• C) Income Statement
• D) Cash Flow Statement

Balance Sheet and Income Statement:

• A) Are same thing
• B) Balance Sheet shows account balances whereas Income Statement Profit and loss
• C) Income Sheet shows account balances whereas Balance Sheet shows Profit and loss
• D) Income Statement uses Balance Sheet to determine the account balances.

Record Keeping is a another domain of Accounting where __________

• A) Book keeping of all the financial Record occurs
• B) Book keeping of all the financial data and company records occurs
• C) Individual Expenses of every Employee are mentioned in detail
• D) Individual Expenses of every Department are mentioned in detail

Difference between Accounting and Finance is ________

• A) Accounting is more Analysis focused whereas as Finance deals with Day to Day
• B) None of Above
• C) Accounting Manages Day to Day Flow whereas as Finance deals with Planning
• D) Both are same thing

Problems occur in financial reporting mainly because of lack of important factor i.e. ___________

• A) Transaction
• B) Integration
• C) Accounting
• D) Communication

Transactions that have an impact on the financial state of the firm are dealt in _____________

• A) Basic Accounting
• B) Organizational Control and Monitoring
• C) Managerial Accounting
• D) Financial Accounting

TnD is stands for _________

• A) training & developer
• B) trained & developed
• C) all of the given
• D) training & development

Which of the following is true:

• A) Both of the Accounting Systems work independently
• B) Financial Accounting is part of Managerial Accounting
• C) Both of the Accounting Systems work side by Side
• D) Managerial Accounting is Part of Financial Accounting

Many SAP ERP modules cause transaction data to be entered into:

• A) Sales and Distribution (SD) only
• B) Materials Management (MM) only
• C) general ledger (GL)
• D) SD, MM and GL

Middle-ware tools are essential for integration in the ___________if existing applications must be used by the organization

• A) long-term
• B) complete period
• C) half period
• D) short-term

As organizations get big and complex they tend to break functions into smaller units is called ____________ silos

• A) functional silos
• B) vertical silos
• C) traditional silos
• D) horizontal silos

_____________ is the detailed documentation of business process.

• A) Project preparation
• B) ERP implementation
• C) Business blueprint
• D) Scope creep

Continuous process improvement involves ___________ steps

• A) one
• B) six
• C) two
• D) four

Logical layer also known as __________ focus on integration of business process and people for successful utilization of systems

• A) human system
• B) entity relationship
• C) information system
• D) integration system