Ae 222 Midterms Exam Part 1

AE 222 MIDTERMS EXAM PART 1
MIDTERM EXAM
1. S1: Linking documents is important, as it establishes the connections between
documents (by extension, the procurement process) to form a paper trail. S2: When
you enter a purchase order in SAP Business One, a value-based changes are posted in the
accounting system.
Only S1 is correct
Both statements are incorrect
Only S1 is incorrect
Both statements are correct
2. The ___________is a commitment from a customer or lead to buy a product or service.

Invoice
Shipment
Sales Order
Purchase Order
3. S1; The delivery increases the stock committed and the in -stock quantities. S2: Sales Order
is mandatory document in the sales process
Only S1 is correct
4. Which of the following is not considered as Item Master Data?

Fixed Asset
Purchase item
Sales item
Office Supplies
5. The order quantities are listed in _____________.

Procurement management
Purchasing Management
Inventory Management
Receiving Management
6. The following are the steps to view the relationship map except:
None of the above
Click Last Data Record, or other tools in the tool bar (First Data Record, Previous Record, Next
Record) to view the document you want to view.
Left click on the purchasing document and choose Relationship Map.
Open a purchasing document. (Purchase Order, Goods Receipt PO, A/P Invoice)
7. It shows the document trail of a particular Purchasing Document

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Relationship Report
Purchasing Trail
Relationship Map
Purchasing report
8. It is a document used to request items or services from a vendor at an agreed upon price.
Incoming Payments
Purchase Order
Outgoing Payments
Accounts Payable Invoice
9. The following are not included on the steps to create incoming payments except
Go to Modules Menu > Banking > Outgoing Payments
Go to Modules Menu > Banking > Incoming Payments
Go to Modules Menu > Financial > Incoming Payments
Go to Modules Menu > Financial > Outgoing Payments
10.S1: Creating sales orders does not post value-related changes in the accounting
system. S2: Without the delivery document, goods can be delivered only if an invoice
has already been created.
Only S1 is correct
11.S1: You can create an A/P invoice from multiple purchase orders and goods receipt
POs. S2: The information on the purchase is important for optimizing ordering
transactions and stockholding.
Only S1 is correct
12.S1: If no delivery for a purchase order precedes the A/P invoice, and if you are purchasing
items managed in the warehouse, the stocks are decreased when you post the invoice. S2:
Aside from the ‘Copy From’ function that we have used in the previous document, we
can also use the ‘Copy to’ function in linking the Purchasing Documents.
Only S1 is correct
13.S1: The sales process in SAP one begins with Purchase order. S2: Outgoing Payments is the
last step in the sales basic process.
Only S1 is correct
14.The ________ mode is the default of an item or as business partner master data.
Add
Remove
Update
Find
15.It is a core functionality of the SAP® Business One application that enables you to automate
and standardize your core procurement activities
Procurement management
Purchasing Management
Inventory Management
Receiving Management
16.The ___________ tab is where all the specific information about the ordered items or
services is entered, such as quantity, price, item number and description.
Contents
Logistics
Accounting
Attachments
17.It enables you to create target documents directly from base documents. For example, you
can create a Goods Receipt directly from the Purchase Order (and vice versa).
Purchase Control
Purchase Documents
SAP Business One
ERP
18.When you create a goods receipt PO, SAP Business One receives the goods into the
warehouse, updates the quantities, and creates an accounting journal if you manage the
_____________.
FIFO Periodic inventory system
perpetual inventory system
LIFO inventory system
periodic inventory system
19.This is done through the Banking Module after the A/P Invoice has been sent to the Vendor.
Outgoing payments
Incoming payments
A/R invoice
Purchase Order
20.S1: You cannot view the ordered quantities in various reports and windows, such as the
Inventory Status report and the Item Master Data window. S2: Aside from the ‘Copy From’
function that we have used in the previous document, we cannot use the ‘Copy to’ function in
linking the Purchasing Documents.
Only S1 is correct
21.Which of the following is not considered as Business Partner Master Data?

Customer
Lead
Inventory
Vendor/Supplier
22.S1: The Sales order serves as a foundation for planning production or purchase
orders. Creating sales orders does not post value-related changes in the accounting
system. S2: When you create a delivery, the corresponding goods issue is not posted
Only S1 is correct
23.The following are steps on creating A/P Invoice except:

Click Add.
Select A/R Invoice. A/R invoice window will open (with all the contents copied from Goods
Receipt PO).
The last added Goods Receipt PO will be shown. On the lower right corner of the Goods Receipt
PO window, click Copy to.
Select the Goods Receipt PO window then click Last Data Record on the tool bar.
24.The first step for creating sales order is

Go to Modules Menu > Purchase A/R > Sales Order
Go to Modules Menu > Sales A/P > Sales Order
Go to Modules Task > Sales A/R > Sales Order
Go to Modules Menu > Sales A/R > Sales Order
25.S1: If you create an invoice without reference to the delivery, the system does not
automatically posts changes to the stock. S2: If a delivery did not precede the invoice and
you sell the warehouse items, stock quantities are also updated accordingly when you
issue the invoice.
Only S1 is correct
26.The ______________is used to credit the customer if the goods were delivered but no A/R
invoice was issued.
Shipment
Sales Order
A/R invoice
Returns Document
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AE 222 MIDTERMS EXAM PART 1

2. The ___________is a commitment from a customer or lead to buy a product or service.

4. Which of the following is not considered as Item Master Data?

5. The order quantities are listed in _____________.

7. It shows the document trail of a particular Purchasing Document

21.Which of the following is not considered as Business Partner Master Data?

23.The following are steps on creating A/P Invoice except:

24.The first step for creating sales order is

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