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






2. Gathering place for buyers and sellers on the internet






3. An item that is widely available at a standard level of quality






4. Production plan for all finished goods - Output for demand management process






5. Permanently storing data






6. 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






7. Combination of software tools that lets various programs within organization communicate with other applications - Also known as Service-Oriented Architecture (SOA) - Offers ability to add new applications quickly - Implementing SOA is not easy - ROI






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






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






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






11. The steps to procurement: Initialization from MRP. - Creating a __________ order. - Creating a purchase order. - Receive goods for purchasing / goods receipt. - Invoice receipt. - Pay if purchase order - invoice receipt - and goods receipt fall withi






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






13. 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






14. More stringent requirements for financial reporting






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






16. Configuration side of SAP






17. Balance sheet - income statement






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






19. 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






20. A record that shows a company's sales costs of sales - and the profit and loss for a period






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






22. 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






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






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






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






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






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






28. Assets - Liabilities - equity - revenues - expenses -






29. The purpose of a __________ in the MM module: Reserving materials for an upcoming sales/production order - just puts it aside






30. MRP can generate two types of orders: Planned Production Orders - __________ Orders






31. Raw Materials: Purchased externally only - No sales view






32. 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






33. Trading goods: Always purchased externally - Sold without any change to the material - No manufacturing views exist.






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






35. Run at Plant level






36. 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






37. FI's target audience






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






39. 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 -






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






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






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






43. Maintain Vendor master records






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






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






46. Process is associated with the MM module in SAP






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






48. 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






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






50. General ledger accounts are created at ________