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Title of test:
SAP_MM_VI2

Description:
MM questions

Author:
XYZ_VI
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Creation Date:
15/03/2013

Category: Others

Number of questions: 90

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The following are examples of characteristics in the LIS: Plant. Material. Order quantity. Month. Total stock value.
In the SAP system a user can operate in the following hierarchies. Service level. Application level. Main menu level. Month. Total stock value.
In cross plant procurement a purchase organisation procures material and services for: Several purchasing groups. Multiple plants belonging. Multiple plants belonging to the same company code. A single plant belonging to different company codes. One specific plant.
After a material master record has been created: Only the views created can be displayed. Information in new views can be added by changing the record. The material number cannot be changed. All information is stored at plant level. The material type is displayed in the Basic data view.
The material type will determine the following? Which views can be maintained. The procurement type allowed for the material. The valuation class. The short text description. All of the above.
The following terminology applies to the classification system: Object value. Class. Item. Object. Characteristic value.
The main aim of materials planning is to determine: The total sales figures for a given period. The buyers responsible for ordering materials. The difference between ordered quantities and consumption. The requirement of specific quantities of materials at specific times. The quantity of material required in order to make a profit.
Once a planned order is generated by materials planning: It can only be converted in to a production order. It can be converted into a purchase order. It can only be converted into a purchase requisition. It can be converted into a purchase requisition or purchase order. It can be converted into a purchase requisition or production order.
Which of the following are true about Consumption Base Planning? Future requirements are calculated from past consumption values. Unforeseen consumption activity is covered by safety stock. It is useful for A type materials (in the ABC analysis of materials). It is assumed that the requirements will fluctuate. It is particularly applicable to internally procured materials.
Your planning department is using a Forecast Model for materials planning. It has been established that while demand for the particular material is projected to increase steadily as market share is increased, the fluctuating tourist demand will affect the overall requirements. Which forecast model will best address this requirement? The Constant model. The Constant trend model. The Seasonal trend model. The Fluctuating trend model. The Seasonal model.
In backward scheduling for external procurement: The GR processing time is calculated in calendar days. The planned delivery time is calculated in work days. The planned delivery time is set at plant level. The PO processing time is material specific. None of the above.
Which of the following statements are true with regard to RFQ’s and Quotations? Each RFQ and quotation must have a separate number. An RFQ can be created manually or with reference to purchase order. By comparing vendor quotations, the system can determine a ranking list. Conditions attached to quotations can be saved as info records. Unsuccessful quotations can automatically be rejected.
In the SAP system, the reference document used in the purchasing cycle is the: Purchase requisition. Info record. Source list. Purchase Order. None of the above.
Which of the following statements are true about SAP purchasing documents? All purchasing documents have header items and line items. Purchase requisitions cannot be printed. An account assignment category must be entered for a consumable material. The item category defines which process is used to procure a material. A vendor cannot be assignment to a purchase requisition.
Which of the following statements apply to release procedures? Only purchase requisitions, purchase orders, RFQ’s and contracts can be blocked. Blocked purchase orders can be sent to vendors but the order cannot be receipted. More than one user may be required to release the document. Blocked documents can be released collectively or individually. Release purchase requisitions can be printed.
Which of the following apply to conditions? An info record, quotation and outline agreement conditions are master conditions. Conditions are item specific. Master conditions can be set for a future date. Conditions determine the effective price of a material. A special anniversary discount from a vendor could be an extended condition.
In SAP purchasing contracts, which of the following statements are true? A value contract has a validity period but a quantity contract has not. Contracts can only be created referencing an RFQ, another contract or requisition. Item category M (material unknown) cannot be used for value contracts. When creating a release order, item categories M and W must be deleted. A centrally agreed contract can be used to negotiate better prices from a vendor.
As of SAP release 4.0, the following are true for scheduling agreements: JIT scheduling must be used for time critical materials. Schedule lines can be created automatically via MRP. With agreement type LPA, the delivery schedule cannot be changed. You are liable for all costs of a cancelled delivery in the trade off zone. Account assignment categories must be determined in scheduling agreements.
Source lists can be maintained in the following ways: Manually. While creating a contract. Automatically. With reference to a purchase order. From another source list.
If a source list is flagged as mandatory in the material master record: All materials purchased in the same plant require source lists. A material can be purchased without a source list if a contract exists. The material can only be procured from vendors in the source list. The material can be purchased from any vendor as long as a source list exists. A requisition for the material can be created without a source list.
Your organization has purchasing agreements with more than one supplier of a particular material. When using automatic source determination on SAP system: A quota arrangement will determine the cheapest source. Internal procurement cannot be supported with quota arrangements. The vendor selected by the quota arrangement has the highest quota rating. Manually created requisitions can be split if the lot sizing key ES is set. Quota arrangements take precedence over other purchasing documents.
Your system is configured to support your buying department in automatic source determination. Which of the following statements are true? A material master record must exist for a source to be determined. A vendor cannot be used if it is blocked in the source list. A quota arrangement, source list or outline agreement must exist. If the regular vendor is set in customizing, this vendor can only be used. None of the above.
Purchase requisition 0100000023 has been created. You wish the system to convert this requisition automatically into a purchase order. After running the transaction you receive an error. What are the possible reasons for the error. A vendor has not been assignment to the requisition. The requisition is blocked at header level. The automatic PO indicator has not been set in the source list. The assigned vendor is blocked in the source list. A material master record for this material does not exist.
A purchase order can be created on the SAP system: Independently of any other purchasing documents. Only if a requisition, outline agreement, or quotation exist on the system. As a release order if it created with reference to a contract. Without entering a purchasing group if a vendor master exists. By converting a requisition by a planning run.
When creating a vendor master record, the account group determines, among other things: Whether internal or external number assignment is required. Which fields must be entered in the selected views. The material you can purchase from this vendor. Which partner roles are valid with this vendor. The maximum order quantity you can place with the vendor.
When creating a purchase order for a material with a material master record: The net price will be suggested from the accounting view. It is not necessary to enter a purchasing group. A stock transport order can be created if the material is made by your company. The short text and material group do not have to be manually entered. The plant or plants will be suggested automatically by the system.
In the SAP system, which of the following activities are covered by inventory Management? Goods issues. Goods Receipts. Reservations. Consignment. Subcontracting.
A delivery arrives at your warehouse for which no purchase order exists. In the SAP system, which of the following options are available to you: Depending on the movement type, the system can generate a purchase order. The item can only be received if the goods are non valuated. You have to return the goods as a PO must be referenced with a goods receipt. Receive the goods to block stock if the value is indicated on the delivery note. The goods are received into GR blocked stock.
A service master record contains the following: A material master number. Text. A base unit of measure. Conditions. A valuation class for account determination.
A service entry sheet can be captured against: Purchase requisition. Outline agreement. Purchase Order. Master Service Schedule. Invoice.
What purpose does invoice verification serve in materials management? It allows invoice that do not originate in materials procurement to be processed. Completes the materials procurement process. Handles the payment. Allows credit memos to be processed. Handles the analyses of invoices.
What are the tasks of invoice verification? Entering invoices and credit memos received. Checking the accuracy of invoices. Executing the account posting resulting from invoice. Updating open items and material prices. Checking invoices that were blocked.
What is the process of invoice verification? Purchase order, service or GR referenced for incoming invoice. Invoice items suggested by the system against referenced document. Corresponding automatic account postings carried out.. Payment proposal list for vendor generated.
What are the ways in which invoice postings are possible? Manual posting. Automatically through electronic transfer. Evaluated receipt settlement. Invoicing plan. Consignment settlement.
What happens when an invoice is posted? Material master always updated. Purchase order history updated. Individual line items posted to appropriate accounts. MM invoice document created if necessary. FI document always created.
What happens to accounting entries when an invoice is posted? GR/IR account debited, vendor account credited. GR/IR account credited, vendor account debited.
There is a stock of 60 pc of a material having a standard price of Rs.9. A purchase order has been raised on the vendor for 40 pieces at Rs. 11 per pc. The material was received and invoice verified. What would the accounting entries show for this movement after IV? Stock account Rs. 360+, vendor account Rs. 360-. Stock account Rs. 440+, vendor account Rs. 440-. Stock account Rs. 440+, vendor account Rs. 360-. Stock account Rs. 360+, vendor account Rs. 440-. Stock account Rs.0, vendor account Rs. 80-.
From where does the system pick the default quantity of an item when you post invoice receipt? Invoice. Purchase order. Purchase order history. System settings. Vendor master.
During invoice verification the system picks the rate at which tax is calculated from the vendor master record. True. False.
Which of the following does the system copy from the purchase order during invoice verification entry? Purchase order number. Tax amount. Currency. Vendor. Bank information.
From where can the terms of payment be an input for invoice verification? User entry. Purchase order. Purchase order history. Vendor master. Material master.
An invoice can refer to various objects. True. False.
Where do you enter the delivery note number during invoice verification entry? Transaction area. Header area. Allocation area. Vendor Data area. The balance area.
What can you enter in the Header area during invoice verification entry? Document date. Purchase order number. Invoice amount. Bill of lading number. Tax information.
What do you enter in the allocation area? Whether you want to enter an invoice. Whether you want to enter a credit memo.
Can all deliveries or services provided by a vendor be settled in a single invoice? Yes. No.
What operations can you do on an Item list in the invoice verification procedure? Change layout in customizing. Sort. Search. Delete items not selected.
What are the features of Purchase-order-Based Invoice Verification? All items in Purchase order are presented. Invoice is matched using delivery note number. The invoice quantity should not be greater than the actual delivered quantity. Suggested quantity is the difference between total delivered quantity and total invoice quantity.
If there are several goods receipts and invoices in a purchase order item, the purchase order history tells you which invoice came from which vendor in Purchase-Order-Based Invoice Verification. True. False.
In which type of invoice verification is it not possible to post an invoice before the first goods receipt? GR-Based IV. PO-Based IV.
In GR-based IV can you reassign invoices from one goods receipt to another? Yes. No.
Which of the functions are not associated with invoice verification? Environment information. Simulate postings. Communication with vendor. Error Log. Hold document.
What validations does the system do to get the tax figure if the tax amount is not input? The system checks the tax code for the item from the PO. It validates whether calculate tax has been activated. If the system cannot determine a tax code for an item it uses the one that was last used. It does not permit for change of item tax codes in the item list. The system calculates the tax base for each tax code from the amounts and tax codes of the individual items.
In which kind of posting method in IV is the cash discount amount not credited to the stock or cost account? Gross Posting. Net posting.
What controls the posting of invoice as gross or net? Item category. Document type.
You have a purchase order for 25 pcs a 4 Rs / pc. All goods were received. You have also received from the vendor an invoice for the 25 pcs with a tax of 5%. There is a cash discount of 10 %. What will be the accounting document during invoice verification? Input tax will be 5+ in Gross Posting. Input tax will be 4.5+ in net Posting. Stock account will be 10- in Gross posting. Stock account will be 10- in Net posting. Non-operating result account will be 10- in Gross posting.
To which account does the cash discount amount get posted in Net posting? Non-operating result. Cash discount clearing.
How can postings be done in invoice verification for a purchase order in foreign currency? Fixed exchange rate at GR and IV. Current exchange rate at GR and IV. Current exchange rate cannot be changed at IV. Exchange rate differences can occur. Exchange rate difference postings are Customization based.
What validations does the system do during invoice verification? The system checks only those invoices where tolerance limits are set for variances customizing. If the variance is not within tolerance the system displays a message. If an upper tolerance limit is reached the system blocks payment for the entire invoice when you post it. For blocked invoices, the field “Payment block” is filled in the vendor line item in the MM invoice document. The blocked invoice must be released separately before it can be paid.
Under what situation does the system compares the ratio of PO quantity(in PO price units) / PO quantity (in PO units), invoice quantity (in PO price units / invoice quantity (in PO units)? Goods receipt before invoice receipt. Invoice receipt before goods receipt.
During the check of invoices with which of the following variances does the system perform Date variance? Quantity Variance. Price variance. Purchase order price quantity variance.
The initial Stock of a material is 200 pieces. There is a purchase order for 100 pieces at Rs. 0.75. The 100 pieces are received. An invoice is received for 100 pieces at Rs 0.80 per piece. What are the effects of the above at invoice verification? If the material is valuated at a standard price of Rs 1, the stock account will be 5+. If the material is valuated at a moving average price of Rs 1, the stock account will be 5+. If the material is valuated at a moving average price of Rs 1, the material master record reflects the moving average price at Rs 0.92. If the material is valuated at a standard price of Rs 1, the price difference expense account will be 5+. If the material is valuated at a standard price of Rs 1, the stock price difference income account will be 5+.
There is a purchase order for 100 pieces at Rs. 0.80. The 100 pieces are received. An invoice is received for 100 pieces at Rs 0.75 per piece. However at the time of receipt of invoice the stock of the material is only 30.What are the effects of the above at invoice verification? Stock account is 5-. Stock account is 1.5-. Stock account is 3.5-. Price difference account is 3.5-. Price difference account is 1.5-.
How is the quantity that has already been invoiced valuated at goods receipt if the invoice is posted before goods receipt and the subsequent GR quantity is greater than the invoice quantity? At purchase order price. At invoice price.
How is the quantity valuated at IV for the materials received if the invoice quantity is greater than the GR quantity? At purchase order price. At invoice price.
For which case does the system block a material for a no usage decision made about any inspection lot in non goods receipt based invoice verification? For the goods receipt concerned. For the purchase order item.
What happens if an invoice item exceeds the set tolerance limit for amount check? The item is blocked for payment. The entire invoice is blocked for payment. The item is given blocking reason.
Based on what does the system check the value for a schedule variance? Purchase order Price. Invoice Price. Invoice value. Quantity variance. Days variance.
The greater the invoice value, the lower the tolerated quantity variance. True. False.
What are the features of stochastic blocking? Threshold value. Percentage. If invoice value is equal to threshold value the probability of a block is equal to the percentage. If invoice value is equal to threshold value the system calculates the probability on a proportional basis. If invoice value is smaller than the threshold value the system calculates the probability on a proportional basis.
What does the system do when you perform the function Reducing Invoices? Reduce an invoice. Post invoice for the actual quantities and values. Post a credit memo for the amount reduced. Post a debit memo for the amount reduced. Facilitate generation of a letter of complaint to the vendor.
A purchase order has been issued for 60 pieces at 5.00UNI/pc. Goods receipt for the purchase order is 40 pieces. He receives an invoice for 60 pieces at the PO price along with a 10% tax.The purchase manager decides that the invoice has to be reduced. How does the system behave if this invoice is reduced? Vendor account is debited with 220 UNI in the invoice. Vendor account is debited with 220 UNI in the invoice. The input tax is debited with 10 UNI in the credit note. The vendor account is credited with 110 UNI in the credit memo. The clearing account for the invoice is credited with 100 UNI.
You have a purchase order for 50 pieces at 20UNI/pc. You receive 30 pieces and an invoice for 50 pieces at 25UNI/pc. You over write the suggested quantity in the invoice verification with the invoice quantity of 50 pieces and also the suggested amount of 600 UNI with 1000 UNI. What kind of partial reduction will the system perform? Price variance. Quantity variance.
A vendor is issued a purchase order for 200 pieces at 10 UNI/pc and 10% tax. There was a goods receipt of 140 Pieces. The vendor sends an invoice for 200 pieces at 12 UNI/pc. The Purchase manager decides on a partial reduction with quantity variance. What will be accounting entries for the invoice and credit memo? Stock account in the invoice document is 300+. Stock account does not get affected. Input tax in credit memo is 60-. Vendor account in the credit memo is 660+. Vendor account in the credit memo is 440+.
What entries does the system pass at invoice verification if non- valuated goods receipt is defined for a purchase order with account assignment? Stock account debited. Consumption account debited. Vendor account credited. GR/IR account debited. GR/IR account credited.
What can be the possible entries the system can make during invoice verification if a valuated good receipt is defined for a purchase order with account assignment and there is a price variance? Debit consumption. Credit consumption. Debit GR/IR. Credit GR/IR. Credit Vendor.
Can the account assignment defined in the purchase order and suggested by the system during invoice verification be changed if valuated goods receipt are defined for the purchase order? Yes. No.
When does the system propose current account assignment? Goods receipt. Invoice Verification.
Can you inform the vendor the cause of invoice reduction in the letter of complaint while performing Total-Based Invoice reduction? Yes. No.
In Total Based acceptance what validations can the system do before deciding that the balance is too large for the invoice to be posted? First checks whether the variance falls within the defined invoice reduction limit. First checks whether the variance falls within the small difference. If the difference is greater than the small difference it checks whether the variance falls within the defined invoice reduction limit. If the positive difference is greater than the small difference it checks whether the variance falls within the defined invoice reduction limit. If the invoice reduction limits are set to do not check, the system compares the variance with the acceptance limit.
Which costs are entered at item level in the purchase order? Planned delivery costs. Unplanned delivery costs.
A purchase order has been issued on a vendor for two materials. 150 units of material A has been ordered at 4 UNI/pc. 20 units of material B has been ordered at 45 UNI/pc. Two deliveries have taken place. In the first delivery the vendor has supplied 50 units of material A and 4 units of material B. In the second delivery the vendor has supplied 75 units of material A and 6 units of material B. The invoices for both the deliveries have been received and posted. He now sends an invoice of 950 UNI for delivery costs for both the deliveries that was not planned. The system has been configured to distribute delivery costs amongst items. How will the cost be apportioned to the material when the invoice is posted? Material A: 500 UNI. Material A: 380 UNI. Material B: 570 UNI. Material B: 450 UNI.
A purchase order has been issued on a vendor for two materials. 150 units of material A has been ordered at 4 UNI/pc. 20 units of material B has been ordered at 45 UNI/pc. The vendor has supplied all the materials. The invoice for the supply has been received and posted. He now sends an invoice that includes 875 UNI as freight charges and 125 UNI as custom duty that was not planned. The system has been configured to distribute delivery costs amongst items. How will the cost be apportioned when the invoice is posted? Stock account for Material A 380 +, Stock account for Material B 570 +. Stock account for Material A 500 +, Stock account for Material B 450 +. Freight clearing 875+. Custom clearing 125 +.
In customizing for invoice verification how can you configure unplanned delivery costs? Distribute among the items. Post to separate G/L account.
In which method does the unplanned delivery cost appear in the purchase order history? When distributed among items. When posted to separate G/L accounts. None of the above.
What are the features of subsequent debit/credit? Changes total invoice value of a PO item. Changes total invoice quantity. Entries can be made only if an invoice has already been posted for the item. Refers to a specific invoice. Flagged in the Purchase order history.
Mentioned below are the details for a purchase order:Purchase order: 50 pcs at 2.00 UNI/pcGoods receipt: noneInvoice: 50 pcs at 2.00 UNI/pcSubsequent Invoice: 50 pcs = 20.00UNIWhat will be accounting entries when you post the invoice and make the subsequent debit/credit? Invoice: Vendor Account 100-. Invoice: GR/IR account 100+. Subsequent debit/credit: Stock account: 20+. Subsequent debit credit: GR/IR account 20+. Subsequent debit/credit: Vendor account 20-.
When you post invoice items without reference to purchase orders where do have the facility for using display variants? Purchase order reference tab. G/L Account tab. Material tab.
When you post invoice items without reference to purchase orders in which of the methods is the posting not made to a GR/IR clearing account? Posting directly to G/L account. Posting directly to a material. None of the above.
When you post invoice items without reference to purchase orders on which tab page will you enter the currency? G/L account. Material. Basic Data. Payment. Detail.

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