Test your basic knowledge |

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. The types of contracts: Quantity Contract - ___________






2. Includes support for multicountry - multicurrency environments and wide scalability






3. 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






4. Participation in business processes - such as workflow






5. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.






6. A meta-language for describing markup languages






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






8. Track logistics movement of goods.






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






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






11. 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.






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






13. 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.






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






15. usiness intelligence - CRM - SCM - e-business






16. Enterprise resource planning tool used to supply management with real time information. it also permits timely decisions that are needed to improve performance and achieve a competitive advantage






17. Tell us who is responsible for the document and when it was created.






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






19. Posting periods in FF






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






21. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data






22. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention






23. The steps to completing the ___________ process: Agreement - invoice - payment.






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






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






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






27. Sends work assignments through an e-mail system






28. Stores documents in a central location and automatically asks the team members to access the document when it is their turn to edit the document






29. You have created a vendor master. This vendor be shared at ________






30. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.






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






32. 2 categories of collaboration systems: __________ - structured/process






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






34. The second largest ERP vendor






35. Three things make a _________: Document number. Fiscal Year. Company Code.






36. 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






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






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






39. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.






40. Benefits of ERP: 1) ERPs employ proven best practices - 2) Enable _____________ 3) Improve information management including eliminating duplicative systems - providing on-line and real-time info - and facilitating intra- and inter-organizational comm






41. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.






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






43. Document exchange - shared whiteboards - discussion forums - email






44. 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






45. Request for quotation






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






47. Account and finance - production and materials management - human resource






48. Supports team interactions






49. The purpose of __________: Audit Trail. Determines the type of document it is.






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