The Ultimate SAP Business One Certification Practice Test #2

Balance Sheet

Cash Flow Report

Profit and Loss Statement

Annual Report

General Ledger Report

True

False

True

False

Assets

Equity

Liability

Revenue

True

False

Ted does not have general authorization to view Business Partner account balances.

Ted is not the owner of this master data record.

The account balance field is negative, therefore Ted must determine the reason why.

Ted is not defined as a sales employee, therefore he has no access to account balances.

The balances are converted automatically.

It is not possible to enter opening balances when different system and local currencies are used in a company.

An internal error message appears in red.

You must manually convert the balances.

Copy the hardware key from the SAP Channel Partner Portal into the License Manager, and assign the license to a user in SAP Business One.

Copy the hardware key from the License Manager, request a license in the SAP Channel Partner Portal, import the license file into the License Manager, and then assign the license to a user in SAP Business One.

Assign a license to a user in SAP Business One, then copy the hardware key, and send it to the SAP Channel Partner Portal, then notify the License Manager.

Assign the license to a user in SAP Business One, copy the hardware key from License Manager, and send it to the SAP Channel Partner Portal, then send the license file to the License Manager.

Allows the field to store rate, amount, and price types.

Allows the field to store the date and hour structures.

Allows the field to store a long description or notes.

Allows the field to store hyperlinks or image files.

5

4

3

6

7

Create a new vendor master record and create a purchase order for this vendor.

Enter a purchase order for the product but enter the customer number in the vendor field.

Use the A/P Invoice with a one-time vendor.

In the customer master, tick the checkbox ;use as vendor', you can then use the customer code in a purchase order.

Since the purchase order cannot be changed or canceled in the system, he should create an Advance Goods Return for the excess quantity that he will receive from the purchase order.

Since he cannot change the purchase order, he should contact the vendor and ask them to send a smaller amount than is shown on the purchase order, then change the status on the purchase order to closed once the smaller amount is received.

He can reduce the quantity on the purchase order as longs as it has not yet been shipped and contact his vendor to let him/her know of the change.

Since the purchase order cannot be changed, he must cancel and re-create the purchase order for the correct amount.

Contingency & Capital

Revenue & Capital

Assets & Liability

Revenue & Expenses

Write a query by querying the null value column in the OITM table.

Run the inventory audit report in SAP Business One.

Use the built-in query wizard in SAP Business One.

It is not possible to generate a report that displays items with no transactions.

The '[%0]' is a condition, and since it is attached to the date of a document, each time you run the query, you can use the Query Generator to display the date.

The '[%0]' represents a fixed value, and since it is attached to the date of a document, each time you run the query, the system will enter a date for you.

The '[%0]' is a field from the OITM table, which you can view from the Query Generator or Query Wizard.

The '[%0]' is a unique variable, and since it is attached to the date of a document, each time you run the query, the system will prompt you to enter a date.

Asset and liability accounts

Asset, sales and expenditure accounts.

Sales and expenditure accounts.

All accounts with a non-zero balance.

Accounts marked with 'Account Type Sales and Expenditure'.

A non-inventory item can only be changed to a inventory item and not vice versa.

An inventory item can be changed to a non-inventory item and vice versa when the total quantity of the item is zero or the item has no open document.

An inventory item can be changed to a non-inventory item and vice versa only when the total quantity of the item is zero and the item has no open document.

An inventory item cannot be changed to a non-inventory item irrespective of any condition.

1

2

3

4

Post the deferred expense (75), then post a journal entry for the full amount, with a reversal date for next year.

Post the full expense, then post a journal entry to credit the expense for 25, with a reversal date for next year.

Post the full expense, then post a journal entry to credit the expense for 75, with a reversal date for next year.

Post the deferred expense (25), then post a journal entry to debit the expense for 75, with a reversal date for next year.

Prices based on a discount group linked to the Business Partner.

Special prices set up for the customer.

Quantity-based prices for an item valid for a given time period.

Item prices from the price list linked to the Business Partner.

An archive service to store master records automatically.

A service to automatically compress databases.

A backup service to automatically backup databases.

An archive service to organize database tables.

One of the fields has Search in Existing User-defined Values assigned, and displays a user-defined value.

One of the fields has Display User-defined Values assigned, and displays a user-defined value.

One of the fields has an alphanumeric type with text structure assigned, and displays a user-defined value.

One of the fields has Refresh Regularly assigned, and displays a user-defined value.

Goods Receipt PO

Landed Costs

Purchase Orders

Goods Return

A/P Invoice

Activate the checkbox for multiple addresses in the customer master data, then specify a primary and a secondary delivery address.

Add each new address on the address tab of the customer master data. After adding each new address, choose the option 'set as shipping address' to designate the address to be used for deliveries.

On the address tab of the customer master data, choose 'define new' under 'ship to' in order to enter the two delivery addresses.

Create two contact persons with different addresses for the customer.

Sales Order

Goods Issue

Sales Quotation

Purchase Order

1

2

3

4

100 segmented accounts.

200 segmented accounts.

20 segmented accounts.

10 segmented accounts.

'Set G/L accounts by' field.

'Valuation method' field.

The 'manage inventory by warehouse' checkbox.

The 'locked' checkbox.

Create a price list for the regular sales price. Create a hierarchy called 'seasonal prices' which will be based on the regular sales price list and will give time-based discounts for the season based on a factor Vincent enters.

Create a price list called 'regular sales price list' to list the regular sales prices. Whenever Vincent wants to have a seasonal price list, he will use the 'regular sales price list' as the base price list and enter a discount factor.

Create a price list called 'regular sales price list' to list the regular sales prices. Create another price list called 'seasonal price list'. Use the 'regular sales price list' as the base and set a factor by which to discount all the items. Whenever Vincent wants to change the prices on the seasonal price, he can change the factor without creating a new price list.

Create a price list which will contain the regular sales prices. Define period and volume discounts for the seasonal prices which will contain both the validity periods for the discounts and a factor to calculate the discounts for all items.

Set up the chair and dinning room table as separate items. You do not need an item for the package. Create a sales bill of materials for the package.

Set up the chair and dinning room table as separate items and create a relationship by using item properties. Enter the item properties into a production bill of materials.

Set up the chair, dinning room table and package as single items. Create a sales bill of materials for the package.

Set up the chair, dinning room table and package as separate items. Create a production bill of materials to assemble the set for delivery.

You can include sub-sorts and sub-totals.

You can add database fields to an existing query print layout.

Each query print layout is automatically assigned to a query in the system.

A query print layout can be based on several queries.

May 31

July 31

July 1

June 30

June 10

The system automatically splits the invoice amount into three equal payments and posts a journal entry for each payment with the relevant due date.

The system posts a single journal entry that contains a row for each installment. The due date is set to date of the final installment.

The system posts three separate journal entries, one for each installment, each with the relevant posting date.

The system posts a single journal entry that contains a row for each installment with the relevant due date.

Select the three items and change the amount to reconcile on the payment. You can then reconcile all three transactions.

Select the three items and change the amount to reconcile on one of the invoices. This invoice stays open with a balance due.

Select the three items. The system partially reconciles the transactions. The payment stays open with a negative balance due.

Double-click the payment to see a list of recommended invoices. Select the invoices to reconcile all three items.

Select the three items and set the reconciliation difference to 0. The system closes the three items and posts a journal entry to the Business Partner for the difference.

In System Initialization > Document Settings, set the 'rounding method' field to 'by currency'.

Use only factors in multiples of ten to update the price lists.

Mark the checkbox 'whole numbers only' in the price list.

Set the rounding field in the price list to 'rounding to the full amount'.

A unique code that determines how a transaction is recorded in the general ledger.

A password used to access specific SAP modules. 

A key performance indicator (KPI) used to track business performance. 

A shortcut key used to navigate through SAP menus.

For setting up approval procedures.

For assigning sales commissions.

For setting up data ownership exceptions.

For managing sales territories.

For assigning general authorizations.

Specify an under/overpayment amount under 'Document Settings' for the incoming payment document. At payment time, the system posts the difference to a predefined G/L account.

Specify an under/overpayment amount under 'Payment Terms' in the customer master data. At payment time, the system posts the difference to a predefined G/L account.

Select the 'Allow under/overpayment amount' checkbox in 'Company Details'. At payment time, the system posts the difference to a predefined G/L account.

Define a maximum tolerance amount in the Business Partner tab of the 'General Settings'. At payment time, the system will post the difference to a predefined G/L account.

You can easily switch the forecast view from weekly to monthly for forecasts that have been saved.

Multiple forecasts can be selected for a single MRP scenario.

The consume forecast checkbox will reduce the sales forecast quantities if another requirement exists on the same day.

Only one product can be entered in a forecast.