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Test your basic knowledge |
SAP ERP
Start Test
Study First
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
Goods receipt
MRP Record
IMG Menu
Acceptable biz transaction
2. Gathering place for buyers and sellers on the internet
Internet-based procurement
Electronic marketplace
Fiscal year variant
Master data
3. An item that is widely available at a standard level of quality
Plant
Commodity
Turned on
External
4. Production plan for all finished goods - Output for demand management process
Credit control area
Materials Requirements Planning (MRP)
Master Production Schedule (MPS)
Managerial accounting
5. Permanently storing data
MM and FI
Detailed Scheduling
Archiving
Optional FI org structures
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
Bank information
Extensible Markup Language (XML)
Activity-Based Costing
Planned Purchase
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
Lead Time
Optional FI org structures
Web Services
On-Time Performanc
8. Process of developing a prediction of future demand for a product
Sales Forecasting
Microsoft server software
Currency Translation
Drill Down
9. Large fluctuations in demand throughout the supply chain caused by a slight change in the number of products sold
Bullwhip Effect
Credit control area
MRP
Detailed Scheduling
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.
Organizational structure
Company code
Financial accounting
Negative stock allowance
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
Optional FI org structures
Purchase info record
Reconciliation account
Goods requisition
12. To value inventory and a set time of year.
Back Office Processing
Chart of accounts
MM fiscal period
Purchasing group
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
Metrics
Goods receipt
Reconciliation account
Drill Down
14. More stringent requirements for financial reporting
Credit control area
Title IV
Purchase info record
Business area
15. The amount of an item that can be produced - Plans should consider available capacity
Managerial accounting
Title II
Fiscal year variant
Capacity
16. Configuration side of SAP
Business-to-Customer (B2C)
Credit control area
Demand Management
IMG Menu
17. Balance sheet - income statement
Procurement - PP
General ledger master account
Reports made from GL
Negative stock allowance
18. Time between paying for raw materials and collecting cash from customer
Finished goods
HIBE
Balance Sheet
Cash-to-Cash cycle time
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
Financial accounting
Repetitive Manufacturing
Activity-Based Costing
Shorter implementation time
20. A record that shows a company's sales costs of sales - and the profit and loss for a period
On-Time Performanc
Credit control area
Profit and Loss Statement (P&L)
Purchasing group
21. The prerequisites for MRP: It has to be ________. - The MRP views in the material master have to have been established.
Credit control area
Turned on
Balance Sheet
Company code
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
Bill of Material (BOM)
More than
Optional FI org structures
Organizational structure
23. Intermediary internet-based network run by an outside EDI provider
Fiscal years
Value-Added Network (VAN)
MM and FI
General ledger master account
24. Client - company - company code - chart of accounts - fiscal year variant - and credit control area.
FI org structures
Tolerance Groups
Sales and Operations Planning (SOP)
Purchase info record
25. Tracking technology that uses a small package - or tag - device that includes a microprocessor and antenna that can be attached to products
Forecast
Metrics
Goods requisition
Radio Frequency Identification Technology (RFID)
26. Normal costs of manufacturing a product production and accounting must compare standard costs with actual costs to make account adjustments regularly
Standard Costs
MRP
Detailed Scheduling
Extensible Markup Language (XML)
27. When inventory is sent out before being recorded as received.
Negative stock allowance
Account groups
Application service providers (ASP)
Organizational structure
28. Assets - Liabilities - equity - revenues - expenses -
Exchanges
SCM costs
Types of COA
MM and FI
29. The purpose of a __________ in the MM module: Reserving materials for an upcoming sales/production order - just puts it aside
FERT
Intercompany Transaction
SOLAR_PROJECT_ADMIN
Reservation
30. MRP can generate two types of orders: Planned Production Orders - __________ Orders
Profit and Loss Statement (P&L)
Planned Purchase
Balance Sheet
Chart of accounts
31. Raw Materials: Purchased externally only - No sales view
Sales and Operations Planning (SOP)
ROH
WM module
Procurement - PP
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
SAP Men
Customizatio
Reports made from GL
Standard Costs
33. Trading goods: Always purchased externally - Sold without any change to the material - No manufacturing views exist.
HAWA
Commodity
Initial Fill Rate
Sales Forecasting
34. This FI org structure is the smallest organizational unit for which accounting can be carried out
Web Services
Company code
Fiscal year variant
Purchasing organizations
35. Run at Plant level
MRP
Minimized errors
ROH
Transactions
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
General ledger
LEER
Extensible Markup Language (XML)
Indirect Costs
37. FI's target audience
Tolerance Groups
External
Purchasing organization
Account groups
38. Configuration: sets up configuration templates - or menu paths - for the project.
Solution manager
Commodity
SOLAR02
Account groups
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 -
Transactions
Electronic marketplace
Chart of accounts
MMPV
40. SAP org structure at the highest level - created at that level
Goods requisition
Client
ROH
Bank information
41. Communication and sales between business and the buying public - Popularly - but incorrectly - thought of as the most common form of e-commerce
Demand Management
Organizational structure
Cash-to-Cash cycle time
Business-to-Customer (B2C)
42. 'Recipe' or list of materials (including quantities) needed to make a product
Bank information
Income Statement
Bill of Material (BOM)
Radio Frequency Identification Technology (RFID)
43. Maintain Vendor master records
Extensible Markup Language (XML)
Purchasing and Accounts Payable
Goods requisition
General ledger master account
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
Direct Costs
Electronic Data Interchange (EDI)
General Ledger
Indirect Costs
45. A plant does not have to be a [traditional] physical structure - Anything that holds _______ that is valued can be a plant.
Sales Forecasting
Inventory
Internal
Managerial accounting
46. Process is associated with the MM module in SAP
SAP NetWeaver
Procurement - PP
MM fiscal period
MM and FI
47. Material Master records are maintained by: Purchasing - Production - ________ - Sales
Accounting
LEER
Valuation of inventory
MRP
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
Title IX
Accounting
External
Business-to-Business (B2B)
49. A trading good has a MRP view - even though it is only purchased - Because a ________ still has to be made.
Forecast
Purchase info record
Reconciliation account
Rough-Cut Plannin
50. General ledger accounts are created at ________
Sales Forecasting
SAP Men
Client level
Title IV