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| Section | Objectives |
|---|---|
| SAP Business One Overview | - System architecture and core components - Navigation and user interface basics |
| Sales and Purchasing | - Sales cycle management - Purchasing cycle management |
| Inventory and Logistics | - Inventory management processes - Warehouse and item master data |
| Financials | - Accounts receivable and payable processes - Financial reporting and posting logic - General ledger and chart of accounts |
| Implementation and Administration | - System setup and configuration - User authorization and roles |
1. Homewood Furniture builds the same children's furniture in each of their three factories which are located in different parts of the country. Because labor and materials costs vary so much by location, they would like to track item costs geographically by using regional accounts in the general ledger. At which level should they set the G/L account determination for the furniture items they manufacture?
A) Item Properties level
B) Item level
C) Warehouse level
D) Company level
2. How is the available quantity calculated in SAP Business One?
A) Quantity in stock + quantity ordered
B) Quantity in stock - quantity committed + quantity ordered
C) Quantity in stock - quantity committed
D) Quantity in stock + quantity committed - quantity ordered
3. The company's accountant posts similar, fixed amount transactions on a regular basis, such as an allowance or a loan payment. What is the most efficient way to post these transactions?
A) Use the Payment Wizard.
B) Use the Posting Template function.
C) Use the Journal Vouchers function.
D) Use the Recurring Postings function.
4. Where should you look to find the hardware key for your customer's system?
A) License Manager settings
B) License Administration window
C) Choose Company window
D) General Settings
5. A delivery document is created for a shipment of 10 printers to Madison and Daughters Inc. One of the employees creates an A/R invoice but forgets to reference the existing delivery document. Madison and Daughters Inc. uses perpetual inventory. What unplanned effect will occur by posting these two unrelated documents in the system?
A) The inventory account will be credited for 20 printers.
B) The invoice will reverse the previous entry to the cost of sales account.
C) The customer will be charged for 20 printers.
D) There will be a posting to an inventory variance account.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
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