New World ERP - FM - Requisitions

10 Questions | By LogosAssessments | Last updated: Mar 22, 2022 | Total Attempts: 127

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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.