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






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






3. One company code cannot have more than one ________






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






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






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






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






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






9. 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






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






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






12. More stringent requirements for financial reporting






13. How the data behaves in a field.






14. MUST be assigned at Plant level






15. 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






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






17. Gathering place for buyers and sellers on the internet






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






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






20. 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






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






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






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






24. Business blueprint: sets up the templates of the transaction codes that are to be used for the project.






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






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






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






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






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






32. 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






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






34. Determine which fields are listed.






35. 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






36. Has two options: Special or Default; there can be more than one CCA.






37. 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 -






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






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






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






41. Changing the programming code






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






43. Designed to encourage top management accountability in publicly traded firms - Written and passed in wake of Enron collapse






44. 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






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






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






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






48. Inventory control - shipping - and packaging.






49. Do not have a sales view - Because they are not sold - only finished goods or trading goods are sold.






50. A sub ledger account - part of a holding account traditionally accounts payable or accounts receivable - that helps books to be balanced.