Questions On Srap: Trivia Quiz!

15 Questions | By Ardhernandez | Last updated: Mar 14, 2022

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Questions and Answers

1.

What does PSNME stand for?
- A.
  
  Product Supply Non-Manufacturing Expense
- B.
  
  Product Supply Non-Managing Expense
- C.
  
  Purchase Suppy Non-Manufacturing Expense
- D.
  
  Purchase Suppy Non-Managing Expense
2.

What is the Primary Cost Element Group for SRAP?
- A.
  
  EMTOTAL
- B.
  
  ESSPENDING
- C.
  
  EMSPENDING
- D.
  
  ESSPENDS
3.

What is the top node for SRAP in the Standard Hierarchy?
- A.
  
  CS00000000001
- B.
  
  CC00000000001
- C.
  
  CSTOP
- D.
  
  CTOP
4.

When posting journal entries, corrections are allowed when charges are significant. Which of the following charges is not considered significant?
- A.
  
  < $2000 USD
- B.
  
  > $2000 USD
- C.
  
  > 5% of annual budget
- D.
  
  > $5000 USD
5.

Which of the following statements is incorrect?
- A.
  
  Processing of journals is done monthly.
- B.
  
  Data is available real-time in SAP.
- C.
  
  Affiliate journals must be completed by noon on the first workday.
- D.
  
  All SRAP expense accounts will be closed at noon on the first workday.
6.

What is the threshold for crosscharges?
- A.
  
  1M USD
- B.
  
  10M USD
- C.
  
  100M USD
- D.
  
  100M PHP
7.

The Regional Entrepreneurs pay which legal entity for use of intellectual property?
- A.
  
  LE 101
- B.
  
  LE 111
- C.
  
  LE 001
- D.
  
  LE 100
8.

Which of the following is not a type of Global Cost Sharing?
- A.
  
  Global CF Cost Sharing
- B.
  
  Global GBU Cost Sharing
- C.
  
  Global MDO Cost Sharing
- D.
  
  Global GBS Cost Sharing
9.

Which of the following roles is not involved in Global Cost Sharing?
- A.
  
  Billing Mechanism Owner
- B.
  
  Global Tax
- C.
  
  Regional Tax
- D.
  
  Legal Entity Owner
10.

Which of the following statements is true about regional SRAP billing?
- A.
  
  SAFE company policy for calculation, booking, and paying of fees is followed.
- B.
  
  In most cases, neither local law or contracts can override company policy.
- C.
  
  Both A and B.
- D.
  
  Neither A nor B.
11.

Which of the following pertains to the annual high-level (profit center) forecast?
- A.
  
  Firm Forecast
- B.
  
  Firm Budget
- C.
  
  Current Budget
- D.
  
  Planning
12.

Which of the following pertains to a collection of planning layouts?
- A.
  
  Planning Hierarchies
- B.
  
  Planner Profiles
- C.
  
  Planning Currency
- D.
  
  Planning Versions
13.

All initial cost center planning occurs in what planning version?
- A.
  
  Version 0
- B.
  
  Version 1
- C.
  
  Version 4
- D.
  
  Version 999
14.

Which of the following is not a task of the GCF Budget Coordinator?
- A.
  
  Lock/Unlock
- B.
  
  Verify
- C.
  
  Delete
- D.
  
  Copy
15.

Which of the following statements is true?
- A.
  
  SRAP planning in SAP ends at the profit center level.
- B.
  
  The allocation model used for plan allocation to profit center is currently worksheet-based.
- C.
  
  All of the above.
- D.
  
  None of the above.