The Ultimate SAP Business One Certification Practice Test

Sales Order

Business Partner master data

Item master data

All users who add purchasing documents will be subject to the approval process specified in the approval template.

You cannot mix predefined terms and user-defined queries in an approval template

You must first define the approvers for each stage of the process

You can include purchasing and inventory documents in the same approval template

Balance Sheet

Cash Flow Report

Profit and Loss Statement

General Ledger Report

Assets

Equity

Liability

Revenue

A non-inventory item can only be changed to a inventory item and not vice versa.

An inventory item can be changed to a non-inventory item and vice versa when the total quantity of the item is zero or the item has no open document

An inventory item can be changed to a non-inventory item and vice versa only when the total quantity of the item is zero and the item has no open document

An inventory item cannot be changed to a non-inventory item irrespective of any condition

A production order must be released before components can be issued manually

By-products can be added to the components list in a production order with a negative quantity to indicate items that are to be put into stock after production

The list of components in a standard production order is created from the production bill of materials assigned to the finished product.

To issue each component individually as it is used, choose the backflush option

The system automatically splits the invoice amount into three equal payments and posts a journal entry for each payment with the relevant due date.

The system posts a single journal entry that contains a row for each installment. The due date is set to date of the final installment

The system posts three separate journal entries, one for each installment, each with the relevant posting date

The system posts a single journal entry that contains a row for each installment with the relevant due date

You can include sub-sorts and sub-totals

You can add database fields to an existing query print layout

Each query print layout is automatically assigned to a query in the system

A query print layout can be based on several queries

Sales Order

Goods Issue

Sales Quotation

Purchase Order

1

2

3

4

Incoming Payment

Goods Receipt

Sales Order

Purchase Order

True

False

She did not assign the new payment method to the vendor properties

She did not include the new payment method in the payment run defaults

She did not set up outgoing checks in the 'Payment Terms' for the vendor master data

She included the new payment method in the vendor master data

You can create a purchase order based on a sales order

A sales order can be created from a quotation

A delivery date is optional when a sales order is first created

A sales order entered for a product will reduce the available stock for that item by the quantities entered in the sales order

Log in to a second company database with a different user code without getting an error message

Log in with the same authorized user code to other company databases

Log in to any database with total access

Log in to the same database up to five times simultaneously

Allows the field to store rate, amount, and price types

Allows the field to store the date and hour structures

Allows the field to store a long description or notes

Allows the field to store hyperlinks or image files

Create a price list for the regular sales price. Create a hierarchy called 'seasonal prices' which will be based on the regular sales price list and will give time-based discounts for the season based on a factor Vincent enters.

Create a price list called 'regular sales price list' to list the regular sales prices. Whenever Vincent wants to have a seasonal price list, he will use the 'regular sales price list' as the base price list and enter a discount factor

Create a price list called 'regular sales price list' to list the regular sales prices. Create another price list called 'seasonal price list'. Use the 'regular sales price list' as the base and set a factor by which to discount all the items. Whenever Vincent wants to change the prices on the seasonal price, he can change the factor without creating a new price list

Create a price list which will contain the regular sales prices. Define period and volume discounts for the seasonal prices which will contain both the validity periods for the discounts and a factor to calculate the discounts for all items

The total value for the inventory of product X is $300 if you are using the moving average valuation method

The moving average cost of product X would be $30

Using FIFO method of inventory valuation, the current unit cost of sales for product X would be $10

You cannot determine the standard cost for this item with only the information given above

Using the moving average valuation method, the current unit cost of sales for product X would be $15

Forecasts

Sales Orders

Purchase Orders

Min. inventory levels

Since the purchase order cannot be changed or canceled in the system, he should create an Advance Goods Return for the excess quantity that he will receive from the purchase order

Since he cannot change the purchase order, he should contact the vendor and ask them to send a smaller amount than is shown on the purchase order, then change the status on the purchase order to closed once the smaller amount is received

He can reduce the quantity on the purchase order as longs as it has not yet been shipped and contact his vendor to let him/her know of the change.

Since the purchase order cannot be changed, he must cancel and re-create the purchase order for the correct amount

Since the purchase order cannot be changed or canceled in the system, he should create an Advance Goods Return for the excess quantity that he will receive from the purchase order

Since he cannot change the purchase order, he should contact the vendor and ask them to send a smaller amount than is shown on the purchase order, then change the status on the purchase order to closed once the smaller amount is received

He can reduce the quantity on the purchase order as longs as it has not yet been shipped and contact his vendor to let him/her know of the change

Since the purchase order cannot be changed, he must cancel and re-create the purchase order for the correct amount

Committed - Ordered

In Stock - Committed

Committed + In Stock + Ordered

In Stock + Ordered - Committed

1

2

3

4

Contingency & Capital

Revenue & Capital

Assets & Liability

Revenue & Expenses

5

4

3

6

7

Ted does not have general authorization to view Business Partner account balances

Ted is not the owner of this master data record

The account balance field is negative, therefore Ted must determine the reason why

Ted is not defined as a sales employee, therefore he has no access to account balances

May 31

July 31

July 1

June 30

June 10

You can enter the budget amounts manually, or you can base the amounts on another budget scenario

You do not need to define a budget scenario for the new fiscal year unless you want to produce projection reports for optimistic or pessimistic scenarios

You must always base your new budget scenario on the main budget from the previous year

You do not need to define a budget scenario for the new fiscal year

Post the deferred expense (75), then post a journal entry for the full amount, with a reversal date for next year

Post the full expense, then post a journal entry to credit the expense for 25, with a reversal date for next year

Post the full expense, then post a journal entry to credit the expense for 75, with a reversal date for next year

Post the deferred expense (25), then post a journal entry to debit the expense for 75, with a reversal date for next year

Create a new vendor master record and create a purchase order for this vendor

Enter a purchase order for the product but enter the customer number in the vendor field

Use the A/P Invoice with a one-time vendor

In the customer master, tick the checkbox ;use as vendor', you can then use the customer code in a purchase order

Copy the hardware key from the SAP Channel Partner Portal into the License Manager, and assign the license to a user in SAP Business One.

Copy the hardware key from the License Manager, request a license in the SAP Channel Partner Portal, import the license file into the License Manager, and then assign the license to a user in SAP Business One

Assign a license to a user in SAP Business One, then copy the hardware key, and send it to the SAP Channel Partner Portal, then notify the License Manager.

Assign the license to a user in SAP Business One, copy the hardware key from License Manager, and send it to the SAP Channel Partner Portal, then send the license file to the License Manager

Prices based on a discount group linked to the Business Partner

Special prices set up for the customer

Quantity-based prices for an item valid for a given time period

Item prices from the price list linked to the Business Partner.

Set up the chair and dinning room table as separate items. You do not need an item for the package. Create a sales bill of materials for the package.

Set up the chair and dinning room table as separate items and create a relationship by using item properties. Enter the item properties into a production bill of materials

Set up the chair, dinning room table and package as single items. Create a sales bill of materials for the package.

Set up the chair, dinning room table and package as separate items. Create a production bill of materials to assemble the set for delivery

A journal entry for the increase in stock is created when a Goods Receipt PO is added when the perpetual inventory system is used.

The item quantity on the purchase order referenced by a Goods Receipt PO limits the quantity of the item that can be received on the Goods Receipt PO

Only one Purchase Order can be referenced by one Goods Receipt PO

A Goods Receipt PO document must always be created in reference to a Purchase Order

True

False

The balances are converted automatically

It is not possible to enter opening balances when different system and local currencies are used in a company

An internal error message appears in red

You must manually convert the balances

It is a tool used to generate SQL statements

It is used for integration into document templates

It is used to format data records

True

False

100 segmented accounts

200 segmented accounts

20 segmented accounts

10 segmented accounts

Write a query by querying the null value column in the OITM table

Run the inventory audit report in SAP Business One

Use the built-in query wizard in SAP Business One

It is not possible to generate a report that displays items with no transactions

Up to three security levels may be set at one time

Only one security level can be set for all users, but it can be changed

There are five predefined password security levels

For setting up approval procedures

For assigning sales commissions

For setting up data ownership exceptions

For managing sales territories

For assigning general authorizations

In order to define payment terms

In order to define Business Partner bank accounts

In order to deposit incoming checks

In order to define credit cards

Specify an under/overpayment amount under 'Document Settings' for the incoming payment document. At payment time, the system posts the difference to a predefined G/L account

Specify an under/overpayment amount under 'Payment Terms' in the customer master data. At payment time, the system posts the difference to a predefined G/L account

Select the 'Allow under/overpayment amount' checkbox in 'Company Details'. At payment time, the system posts the difference to a predefined G/L account

Define a maximum tolerance amount in the Business Partner tab of the 'General Settings'. At payment time, the system will post the difference to a predefined G/L account

Select the three items and change the amount to reconcile on the payment. You can then reconcile all three transactions

Select the three items and change the amount to reconcile on one of the invoices. This invoice stays open with a balance due.

Select the three items. The system partially reconciles the transactions. The payment stays open with a negative balance due

Double-click the payment to see a list of recommended invoices. Select the invoices to reconcile all three items

Asset and liability accounts

Asset, sales and expenditure accounts

Sales and expenditure accounts

All accounts with a non-zero balance

Create a posting template for each payment, then use this template when you post each journal entry

Create a journal entry for each payment with the repeat checkbox selected, and set the frequency for each repeat posting

Batch the payments in a journal voucher, then you only need to post them once a month

Activate the checkbox for multiple addresses in the customer master data, then specify a primary and a secondary delivery address

Add each new address on the address tab of the customer master data. After adding each new address, choose the option 'set as shipping address' to designate the address to be used for deliveries

On the address tab of the customer master data, choose 'define new' under 'ship to' in order to enter the two delivery addresses

Create two contact persons with different addresses for the customer

All leads

All vendors

Only leads who have been used in sales opportunities

Only vendors whose Business Partners master is flagged with 'use as customer'

From the Business Partner master record, choose the account balance linking arrow. Then check the 'display un-reconciled transactions only' box.

Use the general ledger accounting report. In the selection criteria window, select the customer code; select the options to display not fully-reconciled transactions and only A/R invoices

Use the dunning history report. Enter the Business Partner code in the selection criteria

Use the trial balance report. Select the Business Partner on the left, choose to display only un-reconciled transactions and select A/R invoices