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. A sub ledger account - part of a holding account traditionally accounts payable or accounts receivable - that helps books to be balanced.






2. Programming language of the internet that uses tags that define the data contained within them - XML coded data can go directly from web page into database without middleware of needing to be rekeyed into the system - XML users can create customized






3. Inventory control - shipping - and packaging.






4. The lowest valuation area






5. Communication and sales between manufacturers - wholesalers - retailers - and suppliers - Area of most business growth on the internet - Can occur using both EDI and the internet






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






7. Do not have a sales view - Because they are not sold - only finished goods or trading goods are sold.






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






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






10. Configuration side of SAP






11. Purchasing organization be assigned to _______ one plant - If you want to use the same purchasing organization by more than one company code - you have to assign the purchasing organization at Plant level






12. 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






13. The entities within a business process that are used repeatedly; they help the business process to flow.






14. Time needed for supplier to fill order






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






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






17. General ledger accounts are created at ________






18. 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






19. Operating supplies






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






21. Process of determining what the company will produce - Input: sales forecast provided by Marketing - Output: production plan designed to balance market demand with production capacity - Production plan is input for next step - demand management






22. Time between paying for raw materials and collecting cash from customer






23. Material Master records are maintained by: Purchasing - Production - ________ - Sales






24. Used for keeping track of amounts owed/how large a client's credit line is.






25. 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






26. CO's target audience






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






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






29. Permanently storing data






30. A section of a plant where inventory is kept. EX: Refrigerated and Non-refrigerated






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






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






33. Advantages of Using ASP: Affordability - _____________ - Expertise






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






35. Standard way of viewing the MRP process on paper






36. Client - company - company code - chart of accounts - fiscal year variant - and credit control area.






37. A trading good has a MRP view - even though it is only purchased - Because a ________ still has to be made.






38. Project administration: create the project and set up the parameters for the project.- Can create project: Name - description - give person as lead - assign language - and give start and end dates. Set project members and roles. Establish roadmap tem






39. To share a ___________________ - One person creates the general ledger - and then the others create it using the same account number - and assign it to their company code.






40. Ability to view the details behind the summary of information - Direct links between financial statements and individual transactions that make up statements - Fraud and abuse can be detected more easily






41. External accounting- balance sheet - profit and loss statement - legal requirement - standards -






42. Collection of components that support business transactions over the internet - Modules include: Enterprise Portal - Mobile Infrastructure - Business Intelligence - Master Data Management - and Exchange Infrastructure






43. SAP modules where the purchasing process exists






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






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






46. Traditional record of accounting - something about what screens you can access it from






47. Normal costs of manufacturing a product production and accounting must compare standard costs with actual costs to make account adjustments regularly






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






49. A plant does not have to be a [traditional] physical structure - Anything that holds _______ that is valued can be a plant.






50. 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