Frequently Asked Questions (Self-Test Questions)
1) An account payable is posted to accounting upon the creation of which document?
a. Purchase Requisitionb. Purchase Order
c. Goods Receipt
d. Invoice Verification
e. All of the above
2) What is purchasing called when the purchasing organization is not assigned to any company code?
3) Invoice verification is the final step in the procurement cycle. (True/False)
4) Upon invoice verification, the system automatically carries out the payment process. (True/False)
5) Which of the following are functions of the purchasing organization?
a. Negotiate general conditions of purchase with vendorsb. Set pricing conditions
c. Represent an independent accounting unit
d. Be responsible for purchasing a specific group of materials
e. Be legally responsible for completing purchasing contracts
6) The purchasing view of the material master is relevant at what organizational level?
a. Company Codeb. Client
c. Storage Location
d. Plant
e. Purchasing Organization
7) Which of the following are advantages of posting a Goods Receipt by referencing a Purchase Order, except?
a. Data from the Purchase Order is copied automatically to the Goods Receipt transactionb. The Purchase Order history is updated upon Goods Receipt creation
c. An accounting document relating to the Goods Receipt transaction is automatically posted
d. A material document is automatically created containing material information and quantity
e. An account payable is created automatically
8) A material master record is required to purchase a material. (True/False)
9) Which of the following are account assignment categories?
a. Cost Centerb. Asset
c. Production Order
d. Stock Account
e. Sales Order
f. Purchasing Organization
10) Which of the following are item categories on purchase orders?
a. Assetb. Standard
c. Consignment
d. Cost Center
e. Sales Order
f. Third-Party
11) Which of the following are examples of consumables?
a. Computer systems for an assetb. Blueberries for a production order
c. Iron ore for inventory
d. Office supplies for a cost center
12) What movement type is used to receive goods from a purchase order?
13) Which of the following statements is false?
A) The central purchasing department (as the purchasing organization) of a corporate group is not assigned to a company code.B) The central purchasing organization needs to be assigned to a plant even if it does not create any orders.
Answers to Purchasing Module Self-Test Questions
1) d (Invoice Verification)2) Cross-Company Code
3) False (The final step is payment)
4) False
5) a, e
6) d (Plant)
7) a, b, e
8) False
9) a, b, c, e
10) b, c, f
11) a, b, d
12) 101
13) b
