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






2. 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






3. Affects financial position of entity can measure in $ - affects atleast 2 accounts - debits = credits






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






5. To value inventory and a set time of year.






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






7. Method for developing a product cost analysis in ERP






8. Process of breaking down the production plan into finer time units to meet individual product demand






9. Changing the programming code






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






11. This has to be assigned for each comapny code to be able to create GL for the company. basis of general ledger - complete list of all acounts utilized in GL for a company. Reports made from balances in GL COA -






12. 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






13. The amount of an item that can be produced - Plans should consider available capacity






14. Provides management of applications for a company over a network






15. Empty Containers






16. Common term in manufacturing for aggregate planning - Disaggregated to generate detailed production schedules - Applies simple capacity-estimating techniques to production plan to test feasibility - Allows planner to see forecast results graphically






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






18. An optional org structure; however - it is required by some businesses. A business area is for analyzing performance and being able to categorize a group of products into one group.






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






20. Materials and labor - Costs in a finished product that can be estimated fairly accurately






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






22. Standard way of viewing the MRP process on paper






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






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






25. Tracking technology that uses a small package - or tag - device that includes a microprocessor and antenna that can be attached to products






26. Measurement of performance - used in relation to the effects of supply-chain management efforts






27. costing - profit - product costing - profitabilit analysis - valuations - flexibility






28. 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






29. Time needed for supplier to fill order






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






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






32. Maintain Vendor master records






33. Advanced form of inventory cost accounting in which overhead costs are assigned to products - based on the manufacturing activities that gave rise to the costs - Keeps records on costs and activities - Requires more bookkeeping than traditional cost






34. Includes cost of buying and handling inventory - processing orders - and IS support






35. All activities that occur between the growing or mining of raw materials and the finished products






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






37. The lowest valuation area






38. Process of developing a prediction of future demand for a product






39. 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






40. Assets - Liabilities - equity - revenues - expenses -






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






42. One company code cannot have more than one ________






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






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






45. 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






46. Disadvantages of Using ASP: Security - Bandwidth/Response Time - Flexibility - No frills - Technical - not __________






47. Intermediary internet-based network run by an outside EDI provider






48. Communication and sales between business and the buying public - Popularly - but incorrectly - thought of as the most common form of e-commerce






49. Modules are integrated for the purchasing process at the ____________.






50. 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







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