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. Time needed for supplier to fill order






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






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






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






5. CO's target audience






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






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






8. 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.






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






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






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






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






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






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






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






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






17. Setting the defaults of the SAP screen for a company






18. 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 -






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






21. SAP recommends the ____________ be established at the plant level.






22. Operating supplies






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






24. Determining production and order quantities






25. 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






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






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






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






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






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






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






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






33. 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






34. 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






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






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






37. 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






38. 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






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






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






41. 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






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






43. 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






44. Company's______________ including costs for factory utilities - general factory labor - factory management - storage - insurance - and other manufacturing-related costs






45. Permanently storing data






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






47. More stringent requirements for financial reporting






48. The transaction side of SAP






49. Empty Containers






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