New World ERP - FM - Requisitions

To enter a new requisition, the proper navigation is "Financial Management > Procurement > Purchasing > Requisitions." This option is the most logical and specific choice as it directly leads to the desired action of entering a new requisition within the financial management system. The other options, such as "Financial Management > Inquiries > Requisitions" and "Financial Management > Reports > Purchasing > Requisition Report," are not suitable for entering a new requisition. "Financial Management > Inquiries > Vendors" is also unrelated to the task of entering a new requisition.

To post a requisition, two requirements must be met. First, the requisition must be validated, meaning that all the necessary information and documentation have been provided and verified. Second, all required approvals must be processed, indicating that the appropriate individuals or departments have reviewed and authorized the requisition. Therefore, both A (requisitions being validated) and B (required approvals being processed) are necessary steps to post a requisition.

The correct answer is by utilizing the Multiple G/L Account Distribution icon next to the G/L Account field in Requisition entry. This option allows users to assign multiple General Ledger accounts to a single item on a requisition. This can be done by clicking on the icon and entering the appropriate G/L accounts and distribution percentages for each account. This feature is useful when a single item on a requisition needs to be allocated to different accounts for tracking or reporting purposes.

The correct answer is "Any of the above." This means that there are multiple paths that can be taken to locate purchase orders related to a specific requisition. The options provided include accessing the information through Financial Management > Inquiry > Purchase Orders > Purchase Order Inquiry > Advanced Search, Financial Management > Reports > Requisition Report, or Financial Management > Inquiries > Requisitions > Locate Requisition > Click Detail > Click the PO Icon. All of these paths will lead to the desired information, giving the user flexibility in how they choose to navigate the system.

When entering requisitions, the ability to assign a general ledger account is restricted to the user's department. This means that users can only assign general ledger accounts that are relevant to their own department. They do not have the freedom to assign the account to any general ledger account in the new world ERP system. This restriction ensures that requisitions are properly allocated to the appropriate departments and helps maintain accurate financial records.

The correct answer explains that a project can be assigned to a requisition as long as the general ledger account entered for the requisition allows for projects. This means that if the general ledger account is set up to track projects, then the project can be assigned to the requisition.

The correct answer is that new world ERP does not require printing of the requisition. However, it may be required based on internal process requirements. This means that while the ERP system itself does not have a mandatory requirement for printing the requisition, the organization may have its own internal processes that necessitate the printing of the requisition before it can be posted.

The total amount of the requisition is calculated by multiplying the quantity of the item being requisitioned by the price per unit of that item. This calculation gives the total cost of the requested quantity of the item.

The correct answer is "Financial Management > Inquiries > Requisition Inquiry > Locate the Requisition > Select Approvals." This path will lead to the page that shows who has approved a requisition. The other options, "Financial Management > Inquiries > Purchase Order Inquiry" and "Financial Management > Reports > Purchasing > Requisition Report," do not specifically mention accessing the approvals for a requisition. Therefore, option A is the only correct path for finding the information requested.

Both options A and B lead to where all purchase orders and requisitions associated with a vendor are located. In option A, the user can navigate to Financial Management > Inquiries > Requisitions and use the Advanced Search Icon to input the vendor, while in option B, the user can navigate to Financial Management > Inquiries > Vendors and locate the vendor. In both cases, the user can view all purchase orders and requisitions for the vendor by clicking on the Requisition or Purchase Order icons beneath the vendor's name. Therefore, both options A and B are correct.