Silao Entrepreneurship - Exercise Workbook For Student

EXERCISE WORKBOOK FOR STUDENTS-
ENTREPRENEURSHIP
EXERCISE WORKBOOK
FIT ACADEMY l GF King’s Court Bldg II., Chino Roces cor. Delarosa Sts., Makati City 1200, Philippines l Telephone Number: 63.2.759.4348 l www.fitacademy.ph
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TABLE OF CONTENTS
TABLE OF CONTENTS...................................................................................................................................2
1. Knowing SAP Business One in a Cloud Platform......................................................................................5
Exercise 1.1..............................................................................................................................................5
Exercise 1.2..............................................................................................................................................5
2. Introduction to Business Plan..................................................................................................................6
Exercise 2.1..............................................................................................................................................6
SIMULATION USING SAP BUSINESS ONE.....................................................................................................8
3. Creation of Master Data..........................................................................................................................8
Vendor Master Data................................................................................................................................8
Template A..........................................................................................................................................8
Output Screenshot- Template A..........................................................................................................9
Template B........................................................................................................................................10
Output Screenshot- Template B........................................................................................................11
Template C.........................................................................................................................................12
Output Screenshot- Template C........................................................................................................13
Customer Master Data..........................................................................................................................14
Template D........................................................................................................................................14
Output Screenshot.............................................................................................................................15
Template E.........................................................................................................................................16
Template F.........................................................................................................................................18
Item Master Data..................................................................................................................................20
Exercise 3.3........................................................................................................................................20
Output Screenshots...........................................................................................................................21
4. Pre-Operational Transactions................................................................................................................26
Exercise 4.1............................................................................................................................................26
Output Screenshot- Exercise 4.1...........................................................................................................26
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Exercise 4.2............................................................................................................................................27
Output Screenshot-Exercise 4.2............................................................................................................27
Exercise 4.3............................................................................................................................................28
Exercise 4.4............................................................................................................................................29
Exercise 4.5............................................................................................................................................30
Output Screenshot- Exercise 4.5...........................................................................................................30
Exercise 4.6............................................................................................................................................31
Exercise 4.7............................................................................................................................................32
Exercise 4.8............................................................................................................................................33
Exercise 4.9............................................................................................................................................34
Exercise 4.10..........................................................................................................................................35
Output Screenshot-Exercise 4.10..........................................................................................................35
5. Operational Transactions.......................................................................................................................36
Procurement of Items (Purchasing Process)..........................................................................................36
Exercise 5.1........................................................................................................................................36
Output Screenshots- Exercise 5.1......................................................................................................36
Exercise 5.2........................................................................................................................................40
Exercise 5.3........................................................................................................................................44
Selling of Items (Sales Process)..............................................................................................................48
Exercise 6.1........................................................................................................................................48
Exercise 6.2........................................................................................................................................52
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7. Report Generation.................................................................................................................................56
Exercise 7.1............................................................................................................................................56
Exercise 7.2............................................................................................................................................56
Exercise 7.3............................................................................................................................................56
Output Reports......................................................................................................................................56
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ENTREPRENEURSHIP
1. Knowing SAP Business One in a Cloud Platform

Exercise 1.1
Fill each blank with the appropriate words or terminologies that will make the statements correct.
1. The Menu Bar displays at the top of the screen. It contains the Windows standard menu (File, Edit,
Window, Help) as well as generic SAP Business One functions.
2. The Toolbar is a collection of icon buttons that grant you easy access to commonly-used functions.
3. Navigation in SAP Business One is done using the Modules Menu. It arranges the functions of the
individual applications in a tree structure.
4. The users of SAP Business One are defined in the User-Setup window.
5. Accessing SAP Business One on Cloud is done using SAP Platforms like Google Chrome, Mozilla
Firefox or Safari.
Exercise 1.2
Identify the terminologies being described by each sentence.
1. This is a business management software that allows an organization to use a system

of integrated applications to manage the business. It aims to serve as a backbone for your whole
business. Enterprise Resource Planning or ERP
2. This is also known as Internal Cloud, is a cloud based infrastructure operated exclusively for a single
organization with all data protected behind an internal firewall. Private Cloud
3. This is also known as External Cloud, is available to the public where data are created and stored on
third-party servers. Public Cloud
4. This is a key feature of cloud computing where resources can be accessed anywhere (except on
limitations set by company's internal control). Location Independence
5. This the place where SAP, a European multinational software corporation, was founded in 1972.
Weinheim, Germany
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2. Introduction to Business Plan

Exercise 2.1
1. It is a formal statement of business goals, reasons they are attainable and plans for reaching team.
Business Plan
2. A Executive Summary is a one-or-two-page summary of your entire business plan.
3. This key element of a business plan gives you a window into your industry, the state of the market,
general costs, how business is acquired, and also affords you an opportunity to distinguish yourself from
competitors. Market Analysis
4. A key element of a business plan which purpose is to help you outline the more administrative side of
your business, including how you operate, where your office is located, your staff or assistant if
applicable, etc. Operations
5. True or False: The executive summary shows the mission of the company, its objectives and keys to
success. False
6. True or False: It is necessary to put a part in your business plan the forecast of your management and
personnel- # of employees needed, projected increase on the # of employees per year, basic
qualification (atleast) of employees. True
7. A Community Tax Certificate is a documents which serves as a proof that an individual is a resident of
the city/Municipality and that he/she paid the necessary dues arising from income derived from
business, exercise of profession, and/or ownership of real properties in the area. It is also referred to as
sedula.
8. These financial ratios measure the ability of a company to pay off its short-term liabilities when they
fall due. Liquidity Ratios
9. This kind of profitability ratio commonly referred to as acid ratio. Quick Ratios
10. These financial ratios measure the ability of a company to meet its obligations- both long-term and
short-term. Solvency Ratios
11. These financial ratios shows a company’s overall efficiency and performance. Profitability Ratios
12. Current-Assets are balance sheet accounts that represent the value of all assets that is reasonably
expected to be converted into cash within one year (12 months) or within the normal operating cycle.
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13. The following, except one are considered to be a quick assets: B
a. Cash and Cash Equivalents

b. Inventory
c. Marketable Securities (Trading)
d. Receivables (Current)
14. True or False: Your total amount of startup requirement should be at least Php500, 000. FALSE
15. Under Business Positioning Strategy, location, pricing and product availability must be considered.
TRUE
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SIMULATION USING SAP BUSINESS ONE
3. Creation of Master Data

Vendor Master Data
Business Partner > Business Partner Master Data > perform Add Mode > select Vendor group > Input data provided
Template A
Header
Code: ICT2133A
BP Type Vendor
Name Kanto Bento
Group Affiliate Merchants
General
Tel No: 09696969
Mobile Phone: 09997778868
Website www.KantoBento.com
Contact Person
Contact ID: Keyaru Heal
First Name: Keyaru
Middle Name: Hero
Last Name: Heal
Title: Mr.
Address: Jioral Kingdom
Telephone No: 012345
E-Mail keyaruga123@bantobento.com
Payment Term
Payment Terms: Cash Basis
Price List: Price List 01
*Code should be unique to all students. Please input a code that is not repetitive to others.
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Output Screenshot- Template A
Input the screenshot of your output here:
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Template B
Header
Code: ICT2133B
BP Type Vendor
Name Kalbo Korporation
Group Exporters
General
Tel No: 123456
Website www.KalboKorporation.com
Contact Person
Contact ID: Wallet Bayola
First Name: Wallet
Middle Name: Alen
Last Name: Bayola
Title: Mr.
Address: Romales’ Residence
E-Mail kalbayola@kalbokorporation.com
Payment Term
Payment Terms: 10 Days
Price List: Regular Purchase Price
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Output Screenshot- Template B
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Template C
Header
Code: ICT2133C
BP Type Vendor
Name Mojang
Group Manufacturers
General
Tel No: 123456
Website www.Mojang.com
Contact Person
Contact ID: Markus Persson
First Name: Markus
Middle Name: Notch
Last Name: Persson
Title: Mr.
Address: Minecraft World
E-Mail notchmp@mojang.com
Payment Term
Price List: Regular Purchase Price
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Output Screenshot- Template C
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Customer Master Data

Business Partner > Business Partner Master Data > perform Add Mode > select Vendor group > Input all data
Template D
Header
Code: ICT2133D
BP Type Customer
Name Racers Automobiles
Group Customers
General
Tel No: 123456
Website www.RacersAutomobiles.com
Contact Person
Contact ID: Eland Carlos
First Name: Eland
Middle Name: Matthew
Last Name: Carlos
Title: Mrs.
Address: Adobo Settings
E-Mail emcarlos@racersautomobiles.com
Payment Term
Payment Terms: Cash Basis
Price List: Price List 01
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Output Screenshot
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Template E
Header
Code: ICT2133E
BP Type Customer
Name Cowboy Bebop
Group Online Retailers
General
Tel No: 123456
Website www.CowboyBebop.com
Contact Person
Contact ID: Jet Black
First Name: Jet
Middle Name: Dog
Last Name: Black
Title: Mr.
Address: Hammer Head
E-Mail blackdog@cowboybebop.com
Payment Term
Price List: Regular Sales Price
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Output Screenshot
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Template F
Header
Code: ICT2133F
BP Type Customer
Name Hangover Corporation
Group Stores
General
Tel No: 123456
Website www.HangoverCorporation. com
Contact Person
Contact ID: Christan Salva
First Name: Christan
Middle Name: Angelo
Last Name: Salva
Title: Mr.
Address: Puso ng Lasing
E-Mail christansalva@hangovercorporation.com
Payment Term
Price List: Retailer Sales Price
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Output Screenshot
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Item Master Data

Inventory > Item Master Data > perform Add mode > Input all data
Exercise 3.3
Add the following items:
Item Item No. Description Item Price Unit Price

Count Group List
1 ITM33A Slippers Items Price 69php
List 01
2 ITM33B Brimless Yankee Items Price 100php
List 01
3 ITM33C Fingerless Keyboard Items Price 12,000php
List 01
4 ITM33D Wireless Gaming Chair Items Price 6,000php
List 01
5 ITM33E Gamerless Mouse Items Price 1php
List 01
Output Screenshots
Item 1
Input the screenshot of your output here
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Item 2
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Item 3
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Item 4
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Item 5
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4. Pre-Operational Transactions
Banking > Outgoing Payments > Outgoing Payments > select Account > input G/L Account > establish Payment Means
Banking > Incoming Payments > Incoming Payments > select Account > input G/L Account > establish Payment Means
As part of the commencement of the business, we will need to establish pre-operational expenses,
rather transaction, such as investment, asset acquisition, etc.
The ff. exercises are given as a simulation to pre-operational transactions you can see all throughout the
course of a business.
Exercise 4.1
On January 04, 20XX, the owner invested cash amounting to Php 900,000 as its initial investment.
Record the transaction using the System-generated Approach Entry and screenshot the journal entry
made.
Cash Flow: Incoming

G/L Account: C1000-MG, Capital
Payment Means: Cash (A1011-Cash on Hand)
Output Screenshot- Exercise 4.1

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Exercise 4.2
On January 04, 20XX, transferred Php 200,000 to bank account via cash deposit
Cash Flow: Incoming

G/L Account: A1012-Cash in Bank
made.
Output Screenshot-Exercise 4.2

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Exercise 4.3
On January 04, 20XX, paid rent for 3 months, starting from January until March 20XX amounting to
Php 10,000 per month. Next rent payment after this one will be on April 2, 20XX.
Cash Flow: Outgoing

G/L Account: E6000-Rent Expense
made

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Exercise 4.4
Still on January 04, 20XX, the entity paid taxes and licenses (Mayor’s Permit, DTI Permit and BIR
Registration) through cash worth Php 15, 000.
Cash Flow: Outgoing

G/L Account: E8000-Taxes and Licenses
made

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Exercise 4.5
On January 04, 20XX, spent Php 10,000 for tarpaulin, fliers and other advertising materials (cash
payment)
Cash Flow: Outgoing

G/L Account: E4000-Advertising Expenses
made
Output Screenshot- Exercise 4.5

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Exercise 4.6
On January 04, 20XX, spent Php 5,000 cash for the repainting and other repair costs of the rented shop
Cash Flow: Outgoing

G/L Account: E3000-Repairs and Maintenance
made

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Exercise 4.7
On January 05, 20XX, bought supplies amounting to Php 15,000
Cash Flow: Outgoing

G/L Account: A1060-Other Current Assets
made

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Exercise 4.8
On January 05, 20XX, the entity issued a check for the purchase of computers, printers and calculators
for a total amount of Php 150,000.
Cash Flow: Outgoing

G/L Account: A2011-Machinery and Equipment
made

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Exercise 4.9
On January 06, 20XX, purchased office tables, chairs and furnitures thru cash worth Php 10,000.
Cash Flow: Outgoing

G/L Account: A2021-Furniture and Fixture
made

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Exercise 4.10
On January 07, 20XX, the entity paid Php 6,000 cash for other expenses incurred
Cash Flow: Outgoing

G/L Account: E9000-Other Expenses
made

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5. Operational Transactions
Procurement of Items (Purchasing Process)
Purchasing-AP > Purchase Order > Goods Receipt > A/P Invoice
Banking > Outgoing Payments > Outgoing Payments
Exercise 5.1
January 09, 20XX
Perform the following purchase transaction using the whole Purchasing Process
Input the required information, use the selection list when available:
Vendor:
(select vendor in Exercise 3-Template A)
Name:
Posting Date/Delivery Date/Doc
January 9, 20XX
Date:
Item No: (select item in Exercise 3.3- Item 1)
Quantity: 150
Click Add to save the document and Close/Cancel the window.
Output Screenshots- Exercise 5.1

Purchase Order
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Goods Receipt Purchase Order (GRPO)
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A/P Invoice
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Outgoing Payment Document
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Exercise 5.2
January 10, 20XX
Vendor:
(select vendor in Exercise 3- Template B)
Name:
January 10, 20XX
Date:
Item No: (select items in Exercise 3.3- Item 2 and 3)
Quantity: 200 each

Purchase Order
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A/P Invoice
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Exercise 5.3
January 11, 20XX
Vendor:
(select vendor in Exercise 3-Template C)
Name:
January 11, 20XX
Date:
Item No: (select items in Exercise 3.3- Item 4 and 5)
Quantity: 250 each

Purchase Order
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A/P Invoice
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Selling of Items (Sales Process)

Sales-A/R > Sales Order > Delivery > A/R Invoice
Banking > Incoming Payments > Incoming Payments
Exercise 6.1
January 12, 20XX
Perform the following purchase transaction using the whole Sales Process
Customer:
(select customer in Exercise 3-Template D)
Name:
January 12, 20XX
Date:
Item No: (select item in Exercise 3.3- Item 1)
Quantity: 75 each

Sales Order
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Delivery
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A/R Invoice
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Incoming Payment Document
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Exercise 6.2
January 13, 20XX
Perform the following purchase transaction using the whole Sales Process
Customer:
(select customer in Exercise 3-Template E)
Name:
January 13, 20XX
Date:
Item No: (select item in Exercise 3.3- Item 2 and 3)
Quantity: 50 and 90 items, respectively

Sales Order
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Delivery
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A/R Invoice
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Incoming Payment Document
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7. Report Generation
Financials > Financial Reports > Financial > select Balance Sheet/Profit and Loss Statement/Cash Flow
Exercise 7.1
Generate the Balance Sheet Report
Exercise 7.2
Generate the Profit and Loss Statement
Exercise 7.3
Generate the Cash Flow Report
Output Reports
Submit the generated report/file via PDF or Excel to your instructor.
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EXERCISE WORKBOOK FOR STUDENTS-

633809076.docx printed on 12/17/2022 1:14 PM

633809076.docx printed on 12/17/2022 1:14 PM

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Output Screenshots- Exercise 6.2......................................................................................................52

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1. Knowing SAP Business One in a Cloud Platform

1. This is a business management software that allows an organization to use a system

633809076.docx printed on 12/17/2022 1:14 PM

2. Introduction to Business Plan

2. A Executive Summary is a one-or-two-page summary of your entire business plan.

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13. The following, except one are considered to be a quick assets: B

a. Cash and Cash Equivalents

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SIMULATION USING SAP BUSINESS ONE

3. Creation of Master Data

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Output Screenshot- Template A

Input the screenshot of your output here:

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Output Screenshot- Template B

Input the screenshot of your output here:

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Output Screenshot- Template C

Input the screenshot of your output here:

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Customer Master Data

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Input the screenshot of your output here:

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Input the screenshot of your output here:

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Input the screenshot of your output here:

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Item Master Data

Item Item No. Description Item Price Unit Price

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Cash Flow: Incoming

Output Screenshot- Exercise 4.1

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Cash Flow: Incoming

Output Screenshot-Exercise 4.2

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Cash Flow: Outgoing

Output Screenshot-Exercise 4.3

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Cash Flow: Outgoing

Output Screenshot-Exercise 4.4

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Cash Flow: Outgoing

Output Screenshot- Exercise 4.5