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






2. Supports team interactions






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






4. 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






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






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






7. The types of contracts: Quantity Contract - ___________






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






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






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






11. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company






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






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






14. You have created a material master. This material be shared at _________






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






16. Supports the work of teams by facilitating the sharing and flow of information






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






18. Request for quotation






19. 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






20. 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.






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






22. Participation in business processes - such as workflow






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






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






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






26. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






28. The key _______ issued: 1) difficulty of migration from legacy systems to ERP database - 2) lack of interoperability among different vendors - 3)and continual maintenance requirements






29. 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






30. Track logistics movement of goods.






31. Manages the transportation and storage of goods






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






33. A meta-language for describing markup languages






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






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






36. 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






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






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






39. Validation of ________ - ensure that appropriate taxonomy and tags have been applied






40. 2 categories of collaboration systems: __________ - structured/process






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






42. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment






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






44. Posting periods in FF






45. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






47. The second largest ERP vendor






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






49. 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






50. 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