New World ERP - FM - Purchase Orders

10 Questions | Total Attempts: 169

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New World ERP - FM - Purchase Orders

Congratulations on completing Purchase Order training! Now that you've been introduced to basic Purchase Order processing, you should be able to pass with 80% or better accuracy. Good luck!


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

      The purchase order has been validated.

    • B. 

      All required approvals have been given.

    • C. 

      The purchase order has been printed.

    • D. 

      All of the above.

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

      Financial Management > Procurement > Purchasing > Purchase Orders.

    • 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 attached to a single item on a purchase order?
    • A. 

      By creating multiple purchase orders.

    • B. 

      By creating multiple items on the purchase order and assign a different G/L account to each of them.

    • C. 

      By using the Multiple G/L Account Distribution icon next to the GL Account field in Purchase Order entry.

    • D. 

      All of the above.

  • 4. 
    What is the correct path for inquiring on a purchase order related to a specific requisition?
    • A. 

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

    • B. 

      Financial Management > Reports > Requisition Report.

    • C. 

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

    • D. 

      Any of the above.

  • 5. 
    Which path will lead to the location of approvers for a particular purchase order?
    • A. 

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

    • B. 

      Financial Management > Inquiries > Purchase Order Inquiry > Access Purchase Order > Select Approvals.

    • C. 

      Financial Management > Reports > Purchasing > Purchase Orders by G/L Distribution Report.

    • D. 

      All of the above.

  • 6. 
    How can the existing requisitions and purchase orders associated with a specific vendor be 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 Name.

    • C. 

      Financial Management > Reports > Purchasing > Purchase Order Report.

    • D. 

      Both A & B.

  • 7. 
    Which page in new world ERP will allow for the completion of a purchase order if is it not going to be closed through accounts payable?
    • A. 

      Financial Management > Procurement > Purchasing > Purchase Orders.

    • B. 

      Financial Management > Procurement > Purchasing > Department Approved Requisitions.

    • C. 

      Financial Management > Procurement > Purchasing > Change Purchase Orders.

    • D. 

      The Balance Sheet.

  • 8. 
    Can a project be assigned to a purchase order?
    • A. 

      Yes, a project can always be assigned if the general ledger account entered for the purchase order or requisitions allows for Projects.

    • B. 

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

    • C. 

      No, projects cannot be assigned until the invoice is received.

    • D. 

      All of the above.

  • 9. 
    How is the amount of a purchase order item 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 the above.

  • 10. 
    A purchase order can be posted before it is printed and sent to myReports.
    • A. 

      True.

    • B. 

      False.

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