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QUESTION NO: 1
Item Code AB1234 is controlled by the FIFO valuation method.
When this item is issued out of the warehouse, which layer does the system choose first?
A. The layer with the smallest quantity
B. The layer with the lowest cost
C. The oldest available layer
D. The layer selected by a user
Answer: C
QUESTION NO: 2
What postings are made when a delivery document is created for an item controlled by the moving average method?
Please choose the correct answer.
Response:
A. A credit to the inventory account and a debit to the customer account
B. A credit to the inventory account and a debit to cost of goods sold
C. A debit to the inventory account and a credit to cost of goods sold
D. A credit to revenue and a debit to cost of goods sold
Answer: B
QUESTION NO: 3
Which report shows you the income of your business for the fiscal year/ selected period?
Please choose the correct answer.
Response:
A. Balance sheet
B. Profit and loss
C. Trial balance
D. Cash flow
Answer: B
QUESTION NO: 4
You are in the project preparation phase of a customer implementation at Ruby
Manufacturing. So far everything has gone to plan. Which of these could signal an unexpected project overrun?
Please choose the correct answer.
Response:
A. You hear a rumor that two new logistics warehouses will be opening in the next month.
B. The production manager will also act as a functional lead on the project.
C. There are 15 employees who will need to work with SAP Business One.
D. The company will run the manufacturing add-on from an SAP partner that was recommended.
Answer: A
QUESTION NO: 5
Tiny Toys reports the financial statement to the company headquarters once a year. They manage internal controlling at the end of each quarter.
How would you recommend they set the posting periods in SAP Business One?
Please choose the correct answer.
Response:
A. Define the main posting period as the quarter and the sub-periods as months.
B. Set the fiscal year to quarters and define the sub-periods as days.
C. Define the main posting period as the fiscal year and the sub-periods as quarters.
D. Define the main posting period as quarters with no sub-periods.
Answer: C
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Updated: May 26, 2022