New World ERP - FM - Annual Budget Processing

10 Questions | Total Attempts: 40

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New World ERP - FM - Annual Budget Processing

Congratulations on completing training on the Annual Budget Process! Now that you've been introduced to this module, you should be able to pass with 80% or better accuracy. Good luck!


Questions and Answers
  • 1. 
    Which is the correct path to the Budget Accounts page where budget requests can be entered?
    • A. 

      Financial Management > Annual Budget Processing > Budget Processing > Budget Maintenance.

    • B. 

      Financial Management > Annual Budget Processing > Budget Preparation > Budget Methods.

    • C. 

      Financial Management > Reports > Annual Budget.

    • D. 

      A or B.

  • 2. 
    Which of these can be included and printed on the Budget Worksheet?
    • A. 

      Comments.

    • B. 

      Notes.

    • C. 

      Documents.

    • D. 

      Remote Documents.

  • 3. 
    On which page in Logo.NET can planned purchases that make up a budget amount be itemized?
    • A. 

      Position Budgeting.

    • B. 

      Budget Forecasting.

    • C. 

      Pro-forma Budget.

    • D. 

      Budget Transactions.

  • 4. 
    Do Budget Transaction entries drive the budget request amount for the account?
    • A. 

      Yes, always.

    • B. 

      No.

    • C. 

      Budget transactions can drive the budget request amount or just be informational. It is an option for the user when creating transactions.

    • D. 

      A or C.

  • 5. 
    On the Budget Accounts page in new world ERP, why are some of the budget request fields disabled?
    • A. 

      They have been designated as Position Budgeting accounts.

    • B. 

      The accounts have been designated at Transaction Based budgeting only.

    • C. 

      Neither of these.

    • D. 

      Either A or B will result in a field becoming disabled.

  • 6. 
    How can other users be informed when an individual has completed their budget requests for an organization set?
    • A. 

      The individual can send them an email letting them know once they are done.

    • B. 

      The individual can select the "Complete" checkbox for the appropriate Organization Set in the Budget Organization List page.

    • C. 

      The individual user will need to Validate the entries for the organization set.

    • D. 

      The individual user will need to Approve the entries for the organization set.

  • 7. 
    What is a possible reason for why a budget is no longer available for modifications?
    • A. 

      The budget has been advanced to the next budget level.

    • B. 

      The budget has been deleted.

    • C. 

      Security has been changed.

    • D. 

      All of the above.

  • 8. 
    Which is a valid column that can be selected for the Budget Accounts page?
    • A. 

      Adopted Budget History (up to 5 years).

    • B. 

      Amended Budget History (up to 5 years).

    • C. 

      Prior year actuals (up to 5 years).

    • D. 

      All of the above are valid.

  • 9. 
    The next step after entering requests in the Budget Account page is to:
    • A. 

      Click on the Reset command.

    • B. 

      Navigate wherever is needed next because entries are saved automatically.

    • C. 

      Click on the "Save" command.

    • D. 

      Add accounts.

  • 10. 
    Can cents be entered into the budget?
    • A. 

      Yes, budget entry can be done to the penny.

    • B. 

      No, budget entry is whole dollar amounts only.

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