New World ERP - FM - Requisitions

10 Questions | Total Attempts: 103

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New World ERP  - FM - Requisitions

Congratulations on completing Requisitions training! Now that you've been introduced to the basics of Requisitions, you should be able to pass with 80% or better accuracy. Good luck!


Questions and Answers
  • 1. 
    What is required to post a requisition?
    • A. 

      The requisitions has been validated.

    • B. 

      All required approvals have been processed.

    • C. 

      The requisition has been printed.

    • D. 

      Both A & B.

  • 2. 
    To enter a new requisition, the proper navigations is:
    • A. 

      Financial Management > Procurement > Purchasing > Requisitions.

    • B. 

      Financial Management > Inquiries > Requisitions.

    • C. 

      Financial Management > Reports > Purchasing > Requisition Report.

    • D. 

      Financial Management > Inquiries > Vendors.

  • 3. 
    How can multiple General Ledger accounts be applied to a single item on a requisition?
    • A. 

      By creating multiple requisitions.

    • B. 

      By creating multiple items on the requisition then assigning different G/L accounts to each of them.

    • C. 

      By utilizing the Multiple G/L Account Distribution icon next to the G/L Account field in Requisition entry.

    • D. 

      By executing any of the above.

  • 4. 
    What is the proper path for locating purchase orders related to a specific requisition?
    • A. 

      Financial Management > Inquiry > Purchase Orders > Purchase Order Inquiry > Advanced Search.

    • B. 

      Financial Management > Reports > Requisition Report.

    • C. 

      Financial Management > Inquiries > Requisitions > Locate Requisition > Click Detail > Click the PO Icon .

    • D. 

      Any of the above.

  • 5. 
    Which path will lead to the page that shows who has approved a requisition?
    • A. 

      Financial Management > Inquiries > Requisition Inquiry > Locate the Requisition > Select Approvals.

    • B. 

      Financial Management > Inquiries > Purchase Order Inquiry.

    • C. 

      Financial Management > Reports > Purchasing > Requisition Report.

    • D. 

      Both A & B.

  • 6. 
    Which path leads to where all purchase orders and requisitions associated with a vendor are located?
    • A. 

      Financial Management > Inquiries > Requisitions > Select the Advanced Search Icon > Input the Vendor.

    • B. 

      Financial Management > Inquiries > Vendors > Locate the Vendor. All Purchase Orders and Requisitions can be seen for the vendor by clicking on the Requisition or Purchase Order icons beneath the Vendor's Name.

    • C. 

      Financial Management > Reports > Purchasing > Purchase Order Report.

    • D. 

      Both A & B.

  • 7. 
    When entering  Requisitions, the ability to assign a general ledger account is restricted to: 
    • A. 

      The user's department.

    • B. 

      Only the requisitions within budget.

    • C. 

      Only the items on a balance sheet.

    • D. 

      There are no restrictions, it can be assign to any general ledger account in new world ERP.

  • 8. 
    Can a project be assigned to a requisition?
    • A. 

      Yes, a project can always be assigned if the general ledger account entered for the requisition allows for projects.

    • B. 

      Yes, but projects cannot be assigned until the invoice is received.

    • C. 

      Yes, but projects cannot be assigned until the invoice is paid.

    • D. 

      No, a project cannot be assigned until the requisition becomes a PO.

  • 9. 
    Does a requisition have to be printed before it can be posted?
    • A. 

      Yes, new world ERP requires that the requisition be printed before it can be posted.

    • B. 

      No, new world ERP does not require printing of the requisition. However, it may be required based in internal process requirements.

    • C. 

      No, new world ERP does not even allow the printing of requisitions.

    • D. 

      None of the above.

  • 10. 
    How is the total amount of the requisition calculated?
    • A. 

      (Quantity) x (Unit of Measure).

    • B. 

      (Quantity) x (Price Per Unit).

    • C. 

      Price Per Unit only, quantity is not used.

    • D. 

      None of these.

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