Question :
21) Modules such as collections, debt management, travel and expense : 1283711
21) Modules such as collections, debt management, travel and expense management, and installment payments, are usually found in a ________.
A) supply chain management system
B) financial management system
C) human capital management system
D) customer relationship management system
22) An enterprise information system that supports financial accounts and processes, including accounts payable, accounts receivable, procurement, cash management, budget planning, assets, general ledger, and related activities is called a ________.
A) financial management system
B) supply chain management system
C) human capital management system
D) customer relationship management system
23) Which of the following activities is supported by financial management systems?
A) mapping the employee life cycle, starting from recruitment to retirement
B) deciding which suppliers to use for sourcing raw-materials
C) negotiating the terms and conditions of contracts made with vendors
D) creating and maintaining a repository of contact information
24) Consistency in the financial management system is maintained by ________.
A) supporting multiple finance-related activities and processes
B) creating bridges and interfaces to other systems
C) generating exception reports
D) creating compliance reports
25) The financial management system of a software company allows for automatic updating of the general ledger whenever there are any transactions in accounts receivable and accounts payable. This is an example of ________.
A) compliance reporting
B) business reporting
C) service delivery applications
D) integrating the components
26) Process improvements through integration of modules and creation of workflows is typically done for ________.
A) financial analytics and financial reporting
B) general ledger and asset management
C) cash management and budget planning
D) procurement and accounts payable
27) Which of the following is essential to financial workflows?
A) eXtensible Business Reporting Language (XBRL)
B) social software
C) online, interactive forms
D) demand forecast accuracy (DFA)
28) A construction company handles all orders, approvals, invoices, and payments manually. Which of the following will help the company implement a faster approval system for its financial activities?
A) integrating the modules in the financial system
B) financial analytics and financial reporting
C) cash management and budget planning
D) supply chain management
29) Carrey, the office manager for an insurance company, suspects that some of the sales representatives are submitting their travel expenses receipts twice. Which of the following would help her spot the fraudulent transactions?
A) non-compliance reports
B) exception reports
C) audit reports
D) compliance reports
30) Exception reports help in ________.
A) mandating stricter financial reporting
B) identifying key elements from statistical tables
C) spotting fraudulent transactions
D) conducting financial analysis
