AP Processor Quarterly PKT - Q1 2013

50 Questions | Total Attempts: 61

SettingsSettingsSettings
AP Quizzes & Trivia

AP Processor - Team Consolidation PKT


Questions and Answers
  • 1. 
    ARI invoices should only be billed in USD.
    • A. 

      True

    • B. 

      False

  • 2. 
    There is no Threshold for future dated invoices.
    • A. 

      False

    • B. 

      True

  • 3. 
    When processing an ARI invoice and the invoice terms are different from the vendor terms, what should you do?
    • A. 

      Post according the the terms in the system.

    • B. 

      Park the invoice for verification on the terms

    • C. 

      Change to the invoice terms.

  • 4. 
    While processing a Fleet charge invoice, what date on the invoice should be considered the invoice date when entering in the basic data tab?
    • A. 

      Delivery date

    • B. 

      Update allocation ship date

    • C. 

      Bill date

  • 5. 
    What report gives you options to search for a list of PO's?
    • A. 

      ME23N

    • B. 

      ZV2P_PO

    • C. 

      FBLIN

  • 6. 
    When entering a Lavente credit invoice, the statement date should be entered as the invoice date. 
    • A. 

      True

    • B. 

      False

  • 7. 
    Before processing any Non PO invoice, the processor must check the Grant of Authority. What is the only exception to the rule?
    • A. 

      Approvers printed name is not nessasary as long as the invoice is approved.

    • B. 

      Approver's title, this can be verified in the HR file

    • C. 

      Without a broad band level, this can be validated from the HR file.

  • 8. 
    All ARI invoices that are received in Probe should always be posted under vendor# 1031753.
    • A. 

      True

    • B. 

      False

  • 9. 
    In cornerstone, what type of PO starts  with 43XX?
    • A. 

      Indirect PO

    • B. 

      Direct PO

    • C. 

      Framework for IT

  • 10. 
    Canada Dry Motts can be invoiced only in USD for company 2240.
    • A. 

      False

    • B. 

      True

  • 11. 
    If you receive a non po invoice from a canadian vendor for company 2240 and the currency is not specified , what should you do?
    • A. 

      Park the invoice for the PO creator to verify

    • B. 

      Post the invoice in canadian currency since it is a candian vendor.

    • C. 

      Park the invoice and contact the vendor

  • 12. 
    An outline agreement indicating the intent to purchase materials or services within an agreed time period is...
    • A. 

      Purchase Requisition

    • B. 

      Contract

    • C. 

      Invoice

  • 13. 
    The document in SAP used to tell the system you have received the full or partial amounts of the expected material delivery or service delivery is...
    • A. 

      Purchase Order

    • B. 

      Goods Receipt/Service Entry

    • C. 

      Invoice

    • D. 

      Contract

  • 14. 
    What refers to materials purchased independently (for example stationary or computer, etc.) These materials are not necessarily in the production process.
    • A. 

      Direct Materials

    • B. 

      Indirect Materials

  • 15. 
    Who is primarily responsible for sending intitial exception e-mails on parked and blocked invoices to the appropriate contact(s) to obtain the appropriate information/approval.
    • A. 

      Coordinator

    • B. 

      Processor

    • C. 

      Supervisor

  • 16. 
    Each AP processor will be assigned a Sub-vendor assignment on a ____ rotational basis.
    • A. 

      Daily

    • B. 

      Monthly

    • C. 

      Weekly

    • D. 

      Annually

  • 17. 
    Which vendors are catagorized as critical vendors? Select all that are relevant.
    • A. 

      Anchor Glass

    • B. 

      Crown Cork & Seal

    • C. 

      Com Data

    • D. 

      Fiji Water

    • E. 

      PlastiPak

  • 18. 
    Select the transaction codes that can be used to search for a PO by material.
    • A. 

      ME2N

    • B. 

      ME23N

    • C. 

      ME2M

    • D. 

      ME2L

  • 19. 
    If there is a PO number on the invoice and there is also a GL coding and cost center, always process the invoice using the GL coding and cost center first.
    • A. 

      True

    • B. 

      False

  • 20. 
    When posting a debit or credit memo, alway insert a "CM or "DM"  after the invoice number.
    • A. 

      True

    • B. 

      False

  • 21. 
    Non Taxable PO with a tax code of IO and the vendor bills tax on the invoice; if the tax on the invoice is >$25 then AP will park the invoice.
    • A. 

      True

    • B. 

      False

  • 22. 
    What transaction can be used to access the Vendor Master search screens?
    • A. 

      FK03

    • B. 

      XK03

    • C. 

      Double click on the field to the right of the Vendor number field from any invoice processing screen

    • D. 

      All

  • 23. 
    A framework PO for IT begins with…
    • A. 

      41XXX

    • B. 

      43XXX

    • C. 

      45XXX

  • 24. 
    If the terms on the invoice show net 45 days and the terms in SAP show net 30, you should do which of the following:
    • A. 

      Change the terms to net 45 days

    • B. 

      Leave the terms as net 30 days

    • C. 

      Change the terms to net 45 days and submit a Master Data change request to have the Vendors terms changed to net 45 days

    • D. 

      Contact Procurement and inform them that the terms on the invoice are more favorable than the terms in SAP so that they can update the Vendors Master Records

  • 25. 
    What fields are required for approval when processing Non PO invoices?  (Grant of Authority)
    • A. 

      Approvers printed name

    • B. 

      Approval signature or approval from the approver’s email box

    • C. 

      Approver Title

    • D. 

      Approver Broad Band

    • E. 

      Spend Category

Back to Top Back to top