Question 1

If the storage location is warehouse managed,then a goods receipt will trigger the WM processes.

Accepted Answer

A) True 
 B)False

Question 2

What is the GL entry when a company receives a payment from a customer?

Accepted Answer

A)  Debit revenue,credit customer
B)  Debit customer,credit revenue
C)  Debit bank,credit customer,credit accounts reconciliation account
D)  Debit accounts reconciliation account,credit bank
E)  Debit accounts reconciliation account,debit customer,credit bank

Question 3

The goods issue step in in the fulfillment process results in the creation of FI and material documents and also has a CO impact.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following statements about the integrated process are TRUE?

Accepted Answer

A)  The process is triggered by a customer order.
B)  The fulfillment process is suspended when the needed raw materials are not available.
C)  The production process is suspended when the needed raw materials are not available.
D)  The production process continues when the finished products become available.
E)  The fulfillment process continues when the finished products become available.

Question 5

At the time of a goods receipt in an internal procurement process,both material and FI documents are created.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following are strategies for acquiring materials?

Accepted Answer

A)  Internally from a vendor
B)  Externally from a storage location
C)  Externally from a plant
D)  Internally from another plant
E)  Externally from a vendor

Question 7

Which of the following statements regarding WM steps related to procurement are NOT TRUE?

Accepted Answer

A)  A transfer requirement is created.
B)  Goods are moved from storage bins to an interim storage area.
C)  Goods are moved from an interim storage area into storage bins.
D)  A transfer order is created against an STO.
E)  A PO triggers the WM process.

Question 8

Which of the following statements concerning the procurement process are TRUE?

Accepted Answer

A)  Vendor billing is one of the steps.
B)  Only one FI document is created.
C)  Goods receipt is one of the steps.
D)  The send payment step involves creation of an FI document.
E)  Two material documents are created.

Question 9

In the procurement process,a purchase requisition is created during which step?

Accepted Answer

A)  Availability check
B)  Sales order processing
C)  Requirements determination
D)  Purchase order processing
E)  Source of supply determination

Question 10

The warehouse management process always results in the creation of a material document.

Accepted Answer

A) True 
 B)False

Question 11

There is a FI impact at the time of the goods receipt during a stock transfer.

Accepted Answer

A) True 
 B)False

Question 12

Identify the steps in the procurement process for which an FI document is created.

Accepted Answer

A)  Goods receipt
B)  Goods issue
C)  Billing
D)  Purchase order
E)  Receive invoice

Question 13

In which of the following processes is a material document NOT created?

Accepted Answer

A)  Warehouse management
B)  Fulfillment
C)  Inventory management
D)  Production
E)  Procurement

Question 14

A purchase requisition is converted to a PO in the purchase order processing step in the procurement process.

Accepted Answer

A) True 
 B)False

Question 15

Calculate the debit and credit for the goods issue step in the fulfillment process,based on the following data.Note: You need to pick the right price for this calculation.)  Materials sold trading goods) : Printers
Quantities sold: 100
Price for customer: $120.00
Current average moving price: $85.00
Price from vendor: $84.00
Average price 30 days before customer order was placed: $86.00

Accepted Answer

A)  $12,000
B)  $8,500
C)  $8,400
D)  $8,600
E)  $0.00

Question 16

Which of the following processes can result in the creation of a financial FI) document?

Accepted Answer

A)  Warehouse management
B)  Fulfillment
C)  Inventory management
D)  Production
E)  Procurement

Question 17

Which of the following statements regarding the goods receipt step of the internal procurement process are TRUE?

Accepted Answer

A)  Both material and FI documents are created.
B)  A material document is created,but an FI document is not.
C)  The status of the materials in the receiving plant is "stock in transit."
D)  The status of the materials in the receiving plant is "unrestricted use."
E)  The material document includes two line items,one for the sending location plant) and one for the receiving location.

Question 18

There is a controlling CO)impact in the billing step of the procurement process.

Accepted Answer

A) True 
 B)False

Question 19

After a transfer order related to fulfillment has been confirmed,which of the following steps is most likely to occur next?

Accepted Answer

A)  Billing
B)  Payment
C)  Creating a transfer requirement
D)  Shipping
E)  Posting a goods receipt

Question 20

Which of the following are steps in the warehouse management process?

Accepted Answer

A)  Create goods receipt
B)  Confirm transfer order
C)  Create stock transfer order
D)  Create transfer requirement
E)  Post goods issue

Exam 9: Integrated Process

Which of the following statements concerning the procurement process are TRUE?

Correct Answer
verified

Which of the following are steps in the warehouse management process?

Correct Answer
verified

The goods issue step in in the fulfillment process results in the creation of FI and material documents and also has a CO impact.

Correct Answer
verified

After a transfer order related to fulfillment has been confirmed,which of the following steps is most likely to occur next?

Correct Answer
verified

Which of the following statements about the integrated process are TRUE?

Correct Answer
verified

Which of the following are strategies for acquiring materials?

Correct Answer
verified

At the time of a goods receipt in an internal procurement process,both material and FI documents are created.

Correct Answer
verified

Which of the following processes can result in the creation of a financial FI) document?

Correct Answer
verified

If the storage location is warehouse managed,then a goods receipt will trigger the WM processes.

Correct Answer
verified

There is a controlling CO)impact in the billing step of the procurement process.

Correct Answer
verified

In the procurement process,a purchase requisition is created during which step?

Correct Answer
verified

Correct Answer
verified

Which of the following statements regarding WM steps related to procurement are NOT TRUE?

Correct Answer
verified

The warehouse management process always results in the creation of a material document.

Correct Answer
verified

A purchase requisition is converted to a PO in the purchase order processing step in the procurement process.

Correct Answer
verified

Which of the following statements regarding the goods receipt step of the internal procurement process are TRUE?

Correct Answer
verified

There is a FI impact at the time of the goods receipt during a stock transfer.

Correct Answer
verified

Identify the steps in the procurement process for which an FI document is created.

Correct Answer
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In which of the following processes is a material document NOT created?

Correct Answer
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What is the GL entry when a company receives a payment from a customer?

Correct Answer
verified

Exam 9: Integrated Process

Which of the following statements concerning the procurement process are TRUE?

Correct AnswerverifiedShow Answer

Which of the following are steps in the warehouse management process?

Correct AnswerverifiedShow Answer

The goods issue step in in the fulfillment process results in the creation of FI and material documents and also has a CO impact.

Correct AnswerverifiedShow Answer

After a transfer order related to fulfillment has been confirmed,which of the following steps is most likely to occur next?

Correct AnswerverifiedShow Answer

Which of the following statements about the integrated process are TRUE?

Correct AnswerverifiedShow Answer

Which of the following are strategies for acquiring materials?

Correct AnswerverifiedShow Answer

At the time of a goods receipt in an internal procurement process,both material and FI documents are created.

Correct AnswerverifiedShow Answer

Which of the following processes can result in the creation of a financial FI) document?

Correct AnswerverifiedShow Answer

If the storage location is warehouse managed,then a goods receipt will trigger the WM processes.

Correct AnswerverifiedShow Answer

There is a controlling CO)impact in the billing step of the procurement process.

Correct AnswerverifiedShow Answer

In the procurement process,a purchase requisition is created during which step?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following statements regarding WM steps related to procurement are NOT TRUE?

Correct AnswerverifiedShow Answer

The warehouse management process always results in the creation of a material document.

Correct AnswerverifiedShow Answer

A purchase requisition is converted to a PO in the purchase order processing step in the procurement process.

Correct AnswerverifiedShow Answer

Which of the following statements regarding the goods receipt step of the internal procurement process are TRUE?

Correct AnswerverifiedShow Answer

There is a FI impact at the time of the goods receipt during a stock transfer.

Correct AnswerverifiedShow Answer

Identify the steps in the procurement process for which an FI document is created.

Correct AnswerverifiedShow Answer

In which of the following processes is a material document NOT created?

Correct AnswerverifiedShow Answer

What is the GL entry when a company receives a payment from a customer?

Correct AnswerverifiedShow Answer

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