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!
- 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.
Questions: 10 | Attempts: 32 | Last updated: Sep 13, 2016
-
Sample QuestionWhat is the proper path for changing an employee's pay rate on their current job within their Workforce Administration record?
Questions: 5 | Attempts: 6123 | Last updated: Aug 23, 2016
-
Sample QuestionWhat color do you like the best of of these choices?
Questions: 20 | Attempts: 42 | Last updated: Mar 4, 2013
-
Sample QuestionScenario 1: You are checking "Needs new RMA" tickets. In one ticket you can preview VIP case, item confirmed faulty. Your actions:
Back to top