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ERP: Enterprise Resource Planning

Subject : it-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Validation of ________ - ensure that appropriate taxonomy and tags have been applied






2. Posting periods in FF






3. The Advantages of XBRL: 1) business offers expanded financial info to all interest parties ___________ 2) companies using XBRP database technology can further speed the process of reports and 3) Consumers import XBRL documents into internal databases






4. Participation in business processes - such as workflow






5. Request for quotation






6. The significance of each of each number: EX: 2/18 net 45 2% cash discount if paid within 18 days - and full payment due within 45 days.






7. Facilitates the automation and management of business processes and controls the movement of work through the business process






8. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information






9. Supports team interactions






10. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)






11. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together






12. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)






13. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________






14. The primary reason for data warehousing is to _______________






15. he financial periods that are posted for reporting purposes - internal and external.






16. An outline agreement






17. To share _________: One person creates the G/L Account. - Everyone then creates it with the same number - while adding their company code data to it.






18. The two main ERP applications: Core Applications and ___________






19. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.






20. All the steps or business rules - from beginning to end - required for a business process






21. Purchased by Oracle - Strength in HR management - Widely used in the federal government






22. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






23. Decision support tool for management critical tasks through analytical investigation of complex data associations - supplies management with real-time info - takes information and converts it to data to make useful






24. Tells whether a transaction is a debit or credit and what G/L account is associated.






25. An organization's key strength - the business function that it does better than any of its competitors






26. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method






27. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.






28. Enables organizations to clarify their vision and strategy and translate them into action






29. Attempt by organizations to switch operations from their old legacy systems to a new system in a single event that implements the ERP across the entire company; more ambitious and risk than phased-in method






30. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools






31. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions






32. The global leader with 30 to 60% of the ERP market






33. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web






34. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)






35. Anything that can be documented - archived - and codified - often with the help of IT






36. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






37. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments






38. A meta-language for describing markup languages






39. Amount for item with or without order reference - Form small differences automatically - Percentage Over/Under - Quantity Variance - Exceed amount: quantity variance - Blanket purchase order - value and time limit Price variance






40. Some of the major implications for Internal Control and Auditing when dealing with ERP systems: 1) Transaction authorization - 2) _____________ 3) supervision 4) accounting records 5)independent verification 6) access controls 7) traditional access c






41. The second largest ERP vendor






42. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class






43. For what reasons might a company refuse payment of an invoice from a vendor: It might be refused because the _____________ - the quantity of the shipment is too high or too low - could be a damaged good - a wrong good - or may have arrived before or






44. The key concerns when dealing with ___________________ related to ERP roles: 1) the creation of unnecessary roles 2) the rule of least access should apply to permission assignments and 3) monitor role creation and permission-granting activities






45. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use






46. Impact on auditor responsibility as a consequence of real-time distribution of financial statements






47. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.






48. The types of contracts: Quantity Contract - ___________






49. A process of mapping a group's contacts to identify who knows whom and who works with whom






50. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables







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