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. FI's target audience






2. 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






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






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






5. 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






6. Links a material to a vendor. / Tells which vendor can provide what materials.






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






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






9. MUST be assigned at Plant level






10. 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






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






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






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






14. Time needed for supplier to fill order






15. 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






16. Manufacturing environment in which production lines are switched from one product to another similar product - Production lines are scheduled for time blocks rather than number of items






17. Finished Product: Are produced internally - Normally no purchasing views exist






18. More stringent requirements for financial reporting






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






20. Roadmap: project documentation storage location.






21. 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






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






23. SAP modules where the purchasing process exists






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






25. One type of B2B electronic marketplace - typically focused on a single industry - Private exchange - type of industry marketplace where membership is restricted to selected participants






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






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






28. Balance sheet - income statement






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






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






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






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






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






34. The transaction side of SAP






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






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






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






38. The org structures in MM: Plant - storage location - __________ - purchasing group - and valuation area.






39. 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






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






41. 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






42. 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






43. Specialized buyers - that can buy more in volume at a better discount.






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






45. Use of internet technologies for procurement activities - Benefits: Less expensive to use the internet than private EDI networks - Purchasing costs further reduced as suppliers compete for orders






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






47. 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 -






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






49. 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






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







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