Test your basic knowledge |

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. Two company codes in the same company cannot have different






2. Auditor independence - limits non-audit services an auditor can provide






3. This FI org structure is the smallest organizational unit for which accounting can be carried out






4. G/L Accounts - Vendor Masters General Data - Material Master General Data - Divisions - and Distribution Channels.






5. Microsoft and SAP have been working on _____- Intended to let companies have access to SAP data and processes using Microsoft Office UIs - Goal of Duet is to expand and simplify adoption of SAP ERP by making workers more efficient






6. SAP org structure at the highest level - created at that level






7. Entities that represent the structure of the company and how it's made and how it's used. It's the framework for everything.






8. Configuration: sets up configuration templates - or menu paths - for the project.






9. Common financial statement that shows a firm's profit or loss for a time period






10. Has two options: Special or Default; there can be more than one CCA.






11. Determines required quantity and timing of the production or purchase of subassemblies and raw materials needed to support MPS






12. 'Recipe' or list of materials (including quantities) needed to make a product






13. General data is stored at the client level - company code is stored at FI - and purchasing data is stored at purchasing level. Client level: Address - communication - ____________. Company code level: Payment transactions and account management. Purc






14. Company - Used to consolidate financial statements of multiple companies.






15. CO's target audience






16. Preset limits on an employee's ability to post transactions - SAP offers ability to set limits on the dollar value for a single item in a document as well as the total value of document






17. Electronic computer to computer transfer of standard business documents that allows companies to handle the purchasing process electronically - Been used by companies since 1960s






18. One type of B2B electronic marketplace - typically focused on a single industry - Private exchange - type of industry marketplace where membership is restricted to selected participants






19. Cumulative time required between the supplier receiving the order and order delivery






20. Maintain Vendor master records






21. The org structures in MM: Plant - storage location - __________ - purchasing group - and valuation area.






22. Common financial statement that shows account balances such as Cash held - Accounts Receivable: Amounts owed to company by customers - Cost of raw materials and finished goods inventory - Long term assets - Amounts owed to vendors - banks - and credi






23. Standard way of viewing the MRP process on paper






24. Large fluctuations in demand throughout the supply chain caused by a slight change in the number of products sold






25. Changing the programming code






26. Financial statements filed with the SEC must include a statement signed by the CEO and CFO - certifying that the financial statement complies with SEC rules






27. COMPLETE RECORD of all acceptable biz transactions from ACCOUNTANT VIEW.






28. General ledger accounts are created at ________






29. Percentage of the order the supplier provided in first shipment






30. The ________ for the purchasing process exists in MM and FI: they use the G/L accounts for purchasing.






31. Use of internet technologies for procurement activities - Benefits: Less expensive to use the internet than private EDI networks - Purchasing costs further reduced as suppliers compete for orders






32. Benefits of EDI: Costs of paper - printing and posting eliminated - ____________ - Fast and efficient ordering - Suppliers and buyers are "locked" into business relationships






33. Configuration side of SAP






34. When inventory is sent out before being recorded as received.






35. The prerequisites for MRP: It has to be ________. - The MRP views in the material master have to have been established.






36. MUST be assigned at Plant level






37. If supplier agreed to requested delivery dates - tracks how often dates are met






38. The relationship between the general ledger and the chart of accounts: A general ledger uses a chart of accounts to be able to do ______________.






39. Business blueprint: sets up the templates of the transaction codes that are to be used for the project.






40. Finished Product: Are produced internally - Normally no purchasing views exist






41. Detailed plan of what is to be produced - considering machine and labor capacity






42. Conduct business over the internet






43. Balance sheet - income statement






44. A transaction the occurs between a company and its subsidiary






45. Concerning financial statement account balances expressed in one currency into balances expressed in another currency






46. On the first of every month - you must be able to post transactions - Close and open the books. - Transaction code: ___






47. Master data associated with the MM module: Vendor masters - material masters - and ____________.






48. Expected costs of manufacturing a product during a particular time period - Established by: Studying historical direct and indirect cost patterns - Accounting for effects of current manufacturing changes






49. Time needed for supplier to fill order






50. Do not have a purchasing view. Are not ever purchased - they are manufactured.