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. The transaction side of SAP






2. More stringent requirements for financial reporting






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






4. 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






5. Two company codes in the same company cannot have different






6. Permanently storing data






7. Differences between actual and standard costs






8. 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.






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






10. Configuration side of SAP






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






12. Determining production and order quantities






13. 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






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






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






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






17. Gathering place for buyers and sellers on the internet






18. 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






19. 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






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






21. Inventory control - shipping - and packaging.






22. 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






23. Empty Containers






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






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






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






27. Balance sheet - income statement






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






29. Maintain Vendor master records






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






31. 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






32. Helps with project management. The four transactions used in here - SOLAR_PROJECT_ADMIN - RMMAIN - SOLAR01 - SOLAR02






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






34. Time needed for supplier to fill order






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






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






37. 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






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






39. Run at Plant level






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






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






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






43. 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






44. Company Challenges FOR Duet include: Must be using relatively current version of SAP - Must run ___________ - May require use of other SAP products - Growing competition between SAP and Microsoft in ERP software market






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






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






47. FI's target audience






48. Specifies only how information will look when viewed through browser - ERP systems now accept data in XML format - Streamlines data entry - reduces errors and reduces server loads - XML is very attractive to smaller companies because it allows data t






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






50. Determine which fields are listed.