C9

Which of the following statements concerning the procurement process are TRUE? (Mã câu: 4132, Số lựa chọn đúng = 3). A. Vendor billing is one of the steps. B. Only one FI document is created. C. Goods receipt is one of the steps. D. The send payment step involves creation of an FI document. E. Twomaterial documents are created.

Which of the following statements apply to the goods issue step of the internal procurement process? (Mã câu: 4138, Số lựa chọn đúng = 3). A. Both material and FI documents are created. B. Amaterial document is created, but FI documents are not. C. The status of the materials in the receiving plant is “stock in transit.”. D. The status of the materials in the receiving plant is “unrestricted use.”. E. The material document includes two line items for each location.

In the internal procurement process, the debits and credits for the GL account postings at the goods issue step are calculated based on the valuation price at the sending plant. (Mã câu: 4190, Số lựa chọn đúng = 1). A. True. B. False.

Which one of the steps listed most likely would be the final step in the procurement process? (Mã câu: 4151, Số lựa chọn đúng = 1). A. Confirm transfer order. B. Goods receipt. C. Goods issue. D. STO. E. Send payment.

In a plant-to-plant movement, valuation occurs at (Mã câu: 4164, Số lựa chọn đúng = 1). A. Goods issue and at the valuation price of the issuing plant. B. Goods receipt and at the valuation price of the issuing plant. C. Goods issue and at the valuation price of the receiving plant. D. Goods receipt and at the average price of the receiving plant. E. Goods issue and at the average price of the receiving plant.

Which of the steps listed below are part of the procurement process? (Mã câu: 4131, Số lựa chọn đúng = 2). A. Create transfer order. B. Create requisition. C. Send payment. D. Process sales order. E. Process STO.

There is a controlling (CO) impact in the billing step of the procurement process. (Mã câu: 4184, Số lựa chọn đúng = 1). A. True. B. False.

The confirmation of the transfer order (TO) is executed during the warehouse management process. (Mã câu: 4178, Số lựa chọn đúng = 1). A. True. B. False.

Calculate the debit and credit for the goods issue step in the fulfillment process, based on the following data. (Note: You need to pick the right price for this calculation.)Materials sold (trading goods): PrintersQuantities sold: 100Price for customer: $120.00Current average moving price: $85.00Price from vendor: $84.00Average price 30 days before customer order was placed: $86.00 (Mã câu: 4171, Số lựa chọn đúng = 1). A. $12,000. B. $8,500. C. $8,400. D. $8,600. E. $0.00.

The sales order processing step in the fulfillment process includes which of the following activities? (Mã câu: 4135, Số lựa chọn đúng = 2). A. Materials are shipped. B. Anavailability check is executed. C. Agoods receipt is posted. D. Asales order is created. E. Agoods issue is posted.

What is the GL entry when a company receives a payment from a customer? (Mã câu: 4172, Số lựa chọn đúng = 1). A. Debit revenue, credit customer. B. Debit customer, credit revenue. C. Debit bank, credit customer, credit accounts reconciliation account. D. Debit accounts reconciliation account, credit bank. E. Debit accounts reconciliation account, debit customer, credit bank.

The fulfillment process can trigger the procurement process. (Mã câu: 4183, Số lựa chọn đúng = 1). A. True. B. False.

At the time of goods receipt in an internal procurement process, the material document consists of two lines for each of the plants. (Mã câu: 4191, Số lựa chọn đúng = 1). A. True. B. False.

The shipping step involves which of the following activities? (Mã câu: 4143, Số lựa chọn đúng = 2). A. Creating a delivery document. B. Authorizing picking, packing, and goods issue. C. Processing a purchase order. D. Authorizing picking, packing, and goods receipt. E. Creating a transfer order.

Identify the step in the procurement process for which a material document is created. (Mã câu: 4159, Số lựa chọn đúng = 1). A. Goods issue. B. Goods receipt. C. Transfer order. D. STO. E. Create requisition.

Identify the steps in the procurement process for which an FI document is created. (Mã câu: 4133, Số lựa chọn đúng = 2). A. Goods receipt. B. Goods issue. C. Billing. D. Purchase order. E. Receive invoice.

In a make-to-order strategy the production of finished goods or semifinished goods is most frequently triggered by a (Mã câu: 4150, Số lựa chọn đúng = 1). A. Sales order. B. Purchase order. C. Transfer order. D. Production order. E. Goods issue.

No material documents are created during WM processes. (Mã câu: 4195, Số lựa chọn đúng = 1). A. True. B. False.

Identify the steps in the fulfillment process for which an FI document is created. (Mã câu: 4134, Số lựa chọn đúng = 2). A. Goods receipt. B. Goods issue. C. Billing. D. Purchase order. E. Receive invoice.

A purchase requisition is converted to a PO in the purchase order processing step in the procurement process. (Mã câu: 4188, Số lựa chọn đúng = 1). A. True. B. False.

A goods receipt moves materials from “unrestricted use” to “in transit” status. A. True. B. False.

The amount of the debit and credit for the goods issue step in fulfillment is based on current moving average price of the material. (Mã câu: 4198, Số lựa chọn đúng = 1). A. True. B. False.

The last step of the production process is always goods issue. (Mã câu: 4187, Số lựa chọn đúng = 1). A. True. B. False.

Which of the following impacts to the general ledger accounts result when a company pays a vendor invoice? (Mã câu: 4141, Số lựa chọn đúng = 3). A. The bank account is credited. B. The vendor subledger account is debited. C. The bank account is debited. D. The vendor subledger account is credited. E. The accounts payable reconciliation account is debited.

Which of the following statements regarding WM steps related to procurement are NOT TRUE? (Mã câu: 4142, Số lựa chọn đúng = 3). A. Atransfer requirement is created. B. Goods are moved from storage bins to an interim storage area. C. Goods are moved from an interim storage area into storage bins. D. Atransfer order is created against an STO. E. APOtriggers the WM process.

What is the CO impact in the confirmation step of the production process? (Mã câu: 4173, Số lựa chọn đúng = 1). A. Labor costs are transferred from the work centers to the production order. B. Material costs are debited to the production order as actual costs. C. The finished goods inventory account is debited. D. The manufacturing output settlement account is credited. E. The production order is credited by the value of the finished goods.

The availability check in the fulfillment process can trigger the procurement process. (Mã câu: 4180, Số lựa chọn đúng = 1). A. True. B. False.

Which of the following statements about an STO are NOT TRUE? (Mã câu: 4146, Số lựa chọn đúng = 3). A. It can trigger the fulfillment process. B. It can trigger the production process. C. Agoods issue can be posted against an STO. D. Agoods receipt can be posted against an STO. E. Apurchase order can be posted against an STO.

The warehouse management process sometimes involves the creation of an FI document. (Mã câu: 4177, Số lựa chọn đúng = 1). A. True. B. False.

Which of the following processes can have a controlling (CO) impact?. A. Warehouse management. B. Fulfillment. C. Inventory management. D. Production. E. Procurement.

Calculate the financial effect of a goods issue posting based on the following data.Procurement type: InternalMaterials: PensQuantity shipped: 100Valuation price at the receiving plant (for one pen): $2.30 Valuation price at the sending plant (for one pen): $2.40 (Mã câu: 4165, Số lựa chọn đúng = 1). A. Debit GR/IR, credit inventory for $230.00. B. Debit inventory, credit COGS for $240.00. C. Debit inventory, credit GR/IR for $230.00. D. Debit and credit to the inventory account for $240.00. E. Nofinancial effect takes place at this step, so no FI document is created.

Whichstatement about the production process is TRUE? (Mã câu: 4162, Số lựa chọn đúng = 1). A. It is triggered by the WM process. B. The first step is an availability check. C. The last step is confirmation. D. It involves issuing materials to the production order. E. NoFI documents are created.

After a transfer order related to fulfillment has been confirmed, which of the following steps is most likely to occur next? (Mã câu: 4154, Số lựa chọn đúng = 1). A. Billing. B. Payment. C. Creating a transfer requirement. D. Shipping. E. Posting a goods receipt.

In WM steps related to fulfillment, a transfer order is created based on a(n) (Mã câu: 4169, Số lựa chọn đúng = 1). A. Purchase order. B. Goods issue. C. Delivery document. D. Goods receipt. E. STO.

Which of the steps listed below are part of the fulfillment process. (Mã câu: 4130, Số lựa chọn đúng = 2). A. Purchase order sent to vendor. B. Goods receipt posted. C. Billing. D. STOprocessing. E. Sales order processing.

In external procurement, materials have the status “stock in transit” at the time of the goods issue step for the receiving plant. (Mã câu: 4189, Số lựa chọn đúng = 1). A. True. B. False.

There is acontrolling (CO) impact in the goods issue step of the fulfillment process. (Mã câu: 4185, Số lựa chọn đúng = 1). A. True. B. False.

Theshipping step involves creating a delivery document. (Mã câu: 4196, Số lựa chọn đúng = 1). A. True. B. False.

In which of the following steps in the production process is a material document created? (Mã câu: 4136, Số lựa chọn đúng = 2). A. Goods receipt. B. Goods issue. C. Confirmation. D. Request production. E. Availability check.

Which of the following statements regarding the goods receipt step of the internal procurement process are TRUE? (Mã câu: 4139, Số lựa chọn đúng = 2). A. Both material and FI documents are created. B. Amaterial document is created, but an FI document is not. C. The status of the materials in the receiving plant is “stock in transit.”. D. The status of the materials in the receiving plant is “unrestricted use.”. E. The material document includes two line items, one for the sending location (plant) and one for the receiving location.

There is a FI impact at the time of the goods receipt during a stock transfer. (Mã câu: 4203, Số lựa chọn đúng = 1). A. True. B. False.

Which of the following statements about the integrated process are TRUE? (Mã câu: 4149, Số lựa chọn đúng = 3). A. The process is triggered by a customer order. B. The fulfillment process is suspended when the needed raw materials are not available. C. The production process is suspended when the needed raw materials are not available. D. The production process continues when the finished products become available. E. The fulfillment process continues when the finished products become available.

In the procurement process, a purchase requisition is created during which step? (Mã câu: 4163, Số lựa chọn đúng = 1). A. Availability check. B. Sales order processing. C. Requirements determination. D. Purchase order processing. E. Source of supply determination.

When a payment to a vendor is initiated, the bank account will be debited by the amount of the payment. (Mã câu: 4194, Số lựa chọn đúng = 1). A. True. B. False.

A company has decided to acquire materials via internal procurement. What is the likely next step? (Mã câu: 4157, Số lựa chọn đúng = 1). A. Create an STO. B. Create a purchase order. C. Create a sales order. D. Initiate shipping. E. Post a goods receipt.

The delivery document is a request to move materials from one plant to another. (Mã câu: 4197, Số lựa chọn đúng = 1). A. True. B. False.

Which of the following are strategies for acquiring materials? (Mã câu: 4137, Số lựa chọn đúng = 2). A. Internally from a vendor. B. Externally from a storage location. C. Externally from a plant. D. Internally from another plant. E. Externally from a vendor.

What is the general ledger impact when a transfer requirement is created in the warehouse management process? (Mã câu: 4168, Số lựa chọn đúng = 1). A. Debit GR/IR, credit inventory. B. Debit inventory, credit COGS. C. Debit inventory, credit GR/IR. D. Debit and credit to the inventory account. E. There is no impact on the GL.

What is the general ledger impact of the goods issue step in the fulfillment process? (Mã câu: 4170, Số lựa chọn đúng = 1). A. Debit GR/IR, credit inventory. B. Debit inventory, credit COGS. C. Debit and credit to the inventory account. D. Debit COGS, credit inventory. E. Nofinancial effect takes place at this step, so no FI document is created.

Sell-from-stock strategy uses inventory as a buffer between processes to de-couple them or to make them less dependent on each other. (Mã câu: 4175, Số lựa chọn đúng = 1). A. True. B. False.

Which of the following processes can result in the creation of a financial (FI) document? (Mã câu: 4128, Số lựa chọn đúng = 4). A. Warehouse management. B. Fulfillment. C. Inventory management. D. Production. E. Procurement.

Which of the following are steps in the warehouse management process? (Mã câu: 4129, Số lựa chọn đúng = 2). A. Create goods receipt. B. Confirm transfer order. C. Create stock transfer order. D. Create transfer requirement. E. Post goods issue.

Receive invoice is a step in which process? (Mã câu: 4156, Số lựa chọn đúng = 1). A. Warehouse management. B. Fulfillment. C. Inventory management. D. Production. E. Procurement.

Which of the following statements regarding WM steps related to fulfillment are TRUE? (Mã câu: 4144, Số lựa chọn đúng = 2). A. Atransfer order is created based on a delivery document. B. Goods are moved from an interim storage area into storage bins. C. Atransfer order is created against an STO. D. APOtriggers the WM process. E. Goods are moved from storage bins to an interim storage area.

Which of the following statements regarding the goods receipt step of the external procurement process are TRUE? (Mã câu: 4140, Số lựa chọn đúng = 3). A. Agoods receipt is created against an STO. B. This step results in both an FI and a material document. C. Agoods receipt is created against a PO. D. AnFI document is created, but there is no GL impact. E. Only one material document is created.

When an invoice from a vendor is received, a credit entry is posted to the GR/IR account. (Mã câu: 4202, Số lựa chọn đúng = 1). A. True. B. False.

Shipping, billing, and payment are steps in which process? (Mã câu: 4155, Số lựa chọn đúng = 1). A. Warehouse management. B. Fulfillment. C. Inventory management. D. Production. E. Procurement.

The goods receipt step in production involves which of the following GL entries? (Mã câu: 4148, Số lựa chọn đúng = 2). A. Finished goods inventory account is debited. B. The manufacturing output settlement account is credited. C. Finished goods inventory account is credited. D. The COGSaccount is debited. E. The GR/IR account is credited.

Identify the step in the fulfillment process for which a material document is created. (Mã câu: 4160, Số lựa chọn đúng = 1). A. Goods issue. B. Goods receipt. C. Transfer order. D. STO. E. Create requisition.

Which one of the following activities triggers the shipping step (goods issue) in the fulfillment process? (Mã câu: 4161, Số lựa chọn đúng = 1). A. Goods receipt is posted. B. Availability check is initiated. C. Transfer order is created. D. Picking is completed. E. STOis created.

Creating a purchase order is a step in the fulfillment process. (Mã câu: 4181, Số lựa chọn đúng = 1). A. True. B. False.

Identify the GL entries that are posted when a payment is sent to a vendor. (Mã câu: 4147, Số lựa chọn đúng = 3). A. The vendor account is credited,. B. The vendor account is debited. C. The accounts payable reconciliation account is debited. D. The bank account is credited. E. The bank account is debited.

If the storage location is warehouse managed, then a goods receipt will trigger the WM processes. (Mã câu: 4201, Số lựa chọn đúng = 1). A. True. B. False.

When a payment from a customer is received, an automatic posting is made to the accounts receivable reconciliation account. (Mã câu: 4199, Số lựa chọn đúng = 1). A. True. B. False.

The warehouse management process always results in the creation of a material document. (Mã câu: 4176, Số lựa chọn đúng = 1). A. True. B. False.

What is the general ledger impact of the goods receipt step during a stock transfer? (Mã câu: 4174, Số lựa chọn đúng = 1). A. Debit GR/IR, credit inventory. B. Debit inventory, credit COGS. C. Debit and credit to the inventory account. D. Debit COGS, credit inventory. E. There is no GL impact.

What is the FI effect of a goods receipt posting in the external procurement process? (Mã câu: 4166, Số lựa chọn đúng = 1). A. Debit GR/IR, credit inventory. B. Debit inventory, credit COGS. C. Debit inventory, credit GR/IR. D. Debit and credit to the inventory account. E. Nofinancial effect takes place at this step, so no FI document is created.

At the time of agoods receipt in an external procurement process, the material document consists of a single line item. (Mã câu: 4193, Số lựa chọn đúng = 1). A. True. B. False.

What are the GL entries when a customer invoice is generated? (Mã câu: 4145, Số lựa chọn đúng = 3). A. The accounts payable reconciliation account is debited. B. The accounts receivable reconciliation account is debited. C. The customer subledger account is debited. D. The revenue account is credited. E. The vendor subledger account is credited.

Sales order processing and payment are steps in the procurement process. (Mã câu: 4179, Số lựa chọn đúng = 1). A. True. B. False.

What is the general ledger impact when a vendor invoice is received and verified? (Mã câu: 4167, Số lựa chọn đúng = 1). A. Debit GR/IR, credit vendor subledger account. B. Debit inventory, credit GR/IR. C. Debit vendor subledger account, credit COGS. D. Debit inventory, credit vendor subledger account. E. Debit vendor subledger account, debit GR/IR.

Which one of the following statements about the goods receipt step in the procurement process is TRUE? (Mã câu: 4158, Số lựa chọn đúng = 1). A. NoFI or material documents are created. B. Onematerial document is created, but no FI documents are. C. OneFI document created, but no material documents are. D. Both FI and material documents are created. E. None of the above.

In which of the following processes is a transfer order (TO) created? (Mã câu: 4153, Số lựa chọn đúng = 1). A. Warehouse management. B. Fulfillment. C. Inventory management. D. Production. E. Procurement.

At the time of a goods receipt in an internal procurement process, both material and FI documents are created. (Mã câu: 4192, Số lựa chọn đúng = 1). A. True. B. False.

The production process can trigger the procurement process. (Mã câu: 4182, Số lựa chọn đúng = 1). A. True. B. False.

The goods issue step in in the fulfillment process results in the creation of FI and material documents and also has a CO impact. (Mã câu: 4186, Số lựa chọn đúng = 1). A. True. B. False.

In which of the following processes is a material document NOT created? (Mã câu: 4152, Số lựa chọn đúng = 1). A. Warehouse management. B. Fulfillment. C. Inventory management. D. Production. E. Procurement.