MB3-529 - GP 10.0 Inventory and Order Processing
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Kristi is responsible for order entry. How could she default the sales document type to 'Order' every time he opens the Sales Transaction Entry window?
User Preferences Setup
Where can you assign landed costs? Choose the 3 that apply.
on the item
On a purchase order
On a shipment/receipt
How should detailed beginning balance information be entered for inventory items?
As a item transaction entry
Which of the following Invoice types will be available to select for Automated Returns in Sales Order Processing?
Historical documents only
A purchase order needs to be canceled. If the PO has been printed, how can the PO be canceled? Choose the 2 that apply.
Cancel all quantities on all line items in Purchase Order Entry
Change the status of the purchase order to canceled in the Edit Purchase Order Status window
What is the purpose of "defining an account segment" in Inventory Conrol?
It can be used to represent an inventory site
If you choose Order To Master Site as the Auto PO Generator order method, what does this tell the system to do?
It tells the system to consolidate all the items needed and distribute them to a designated main site
Purchase Order Processing Setup allows you to define the item display option. If a user wants to change this option only for a single document (without changing the default) how would they proceed?
Choose Options from the menu bar
The Quantity Available for an inventory item equals
Quantity on hand less quantity allocated
Which of the following modules are updated by posting a shipment in Purchase Order Processing? Choose the 2 that apply.
Gina would like to transfer a few Sales Orders to Sales Invoices. She may do so using which of the following GP windows? Choose the 3 that apply.
Sales Batch Entry
Sales Transaction Entry
Sales Multiple Orders to Invoices Transfer
The status of a purchase order changes from 'New' to 'Released' when what occurs?
The purchase order is printed
How does an adjustment made to an item cost in the Inventory Adjust Costs window affect Inventory and General Ledger?
Updates the item cost in Inventory, but will not post an adjustment to General Ledger
When the results of the physical count are processed using the stock count functionality, quantities are adjusted in Inventory and dollar amounts are adjusted in General Ledger. Which automatic posting accounts are used for the General Ledger Choose the 2 that apply.
What determines if an item on a stock count can be processed?
If the item is verified
Which inventory report will give you details for each inventory item along with the total value of your inventory?
Inventory Stock Status report
The distribution posting accounts for Inventory transactions default from where?
First from the item, then from Posting Account Setup
Which of the following is true regarding repeating batches in Inventory?
A batch can be defined as recurring. The items remain in the batch, but the quantities on the items zero out after posting.
What allocation options are available when a user creates order IDs in Sales Order Prrocessing? Choose the 3 that apply.
How can the unit cost of an item be changed on a sales transaction?
The unit cost cannot be changed
Batch IDs are required on which of the following document types in Sales Transaction Entry? Choose the 3 that apply.
Which Sales Order Processing document types can have an expiration date assigned to the transaction?
Which of the following module(s) must be registered in order to utilize In-Transit Transfer Entry? Choose the 2 that apply.
Purchase Order Processing
What does the system consider correct when running the Reconcile Purchase Order utility?
Line item detail amounts and quantities
Which of the following options must be selected in order to post an inventory batch to General Ledger? Choose the 2 that apply.
"Post to General Ledger" in Posting Setup for Inventory Series must be marked.
"Post to General Ledger" in the Inventory Batch Entry must be marked
A sales account can be assigned to both the item and customer. When entering an invoice in Sales Order Processing, which sales account defaults?
The account defaults from the customer or item based on the settings in Sales Order Processing Setup.
A purchase order for 100 items is entered. You receive and post the first shipment of 10 items. A second shipment of 20 items is entered. On the second shipment, what is the Previously Shipped quantity and how is it calculated?
30, the system adds the quantity on previous shipments and the quantity on this shipment
What are the characteristics of using prospects? Choose the 2 that apply.
A prospect can only be entered on a quote document.
When a document that is using a prospect is transferred, the prospect must be set up as a customer.
I f you are not using a separate fulfillment, when must an item on a Sales Order Processing order be fulfilled?
After the item is allocated
Purchase Order Returns will allow you to return what types of transactions? Choose the 2 that apply.
Purchase Order Receipts
Which of the following processes can be delayed by creating a Process Hold? Choose the 3 that apply.
A bin number can be assigned to which of the following?
Specific site IDs
In order to purchase an item from a vendor, the item must have which of the following defined?
Vendor Item Number
You receive a shipment and invoice for items that are not on an existing purchase order. Which of the following statements is true concerning the purchase order number on the shipment/invoice transaction?
You can leave the PO Number blank and still enter the shipment/invoice.
What sales document type(s) allow a user to create a purchase order directly from the sales transaction entry window? Choose the 2 that apply.
When comparing the difference between voiding and deleting sales documents, there are specific processes that prevent a document from being deleted, however, it can still be voided. What are the processes that allow the document to be voided but not deleted?
printing of the document
Kristi runs the 'Remove Completed Purchase Orders' routine on a monthly basis, and maintains purchase order history. This routine is used to:
Move closed or cancelled purchase orders to history
If a user wants to use the same customer many times with the same basic information what would may the user do to save data entry time? Choose the 2 that apply.
Use the copy sales order functionality
Set up a repeating Order
An incorrect customer was entered on a drop-ship purchase order. Where can the customer be changed in the Purchase Order Entry window?
Vendor expansion button
The currency and quantity decimal places defined in Purchase Order Processing Setup are defaults for which of the following?
Entering a non-inventoried item on a purchase order
Inventory Control allows for tracking of "expired lots". What are the methods that may be used to track expired lots? Choose the 2 that apply.
Why is it important to know the revision number for purchase order documents?
It tells the user the number of item changes made to a "Released" purchase order
How do you delete a purchase order commitment for a sales document?
Select the "Link Purchase Order" icon and delete in that window.
How do you link an existing purchase order to a sales order record?
On a per item basis
When does a $500 deposit, entered on an order in Sales Transaction Entry, update the Bank Reconciliation module?
When the Sales Payment Entry window is closed
Which of the following are requirements for linking an item on a purchase order to a Sales Order Processing document? Choose the 2 that apply.
The purchase order item cannot be fully committed to another SOP document already.
The item number must be the same on the purchase order and the sales order
On a Sales Invoice what account distribution cannot be seen until the transaction is posted? Choose the 2 that apply.
Cost of Goods Sold
Which of the following statements is true about an unapproved purchase order?
An unapproved purchase order can be placed on hold.
A kit is entered on an invoice in Sales Order Processing. What is the most efficient approach to change a kit component on the invoice?
Change the kit component directly on the invoice by opening the item expansion button and selecting the Kits button
When entering a transfer transaction, which characteristic of the default unit cost is true?
Always defaults with the current cost or standard cost (dependent on valuation method) and cannot be changed