01.

The accountant notices that there are open invoices in the system, although a payment
was received. What could have caused this problem?

There are 2 correct answers to this question.

a) More than one payment means was used in the payment document.
b) The invoices were not marked to be paid during the creation of the payment.
c) The payment date was earlier than the due date of the invoices.
d) No internal reconciliation was performed to close the invoices.

02. Which data from a sales order row is used for a standard availability check?

There are 3 correct answers to this question.

a) Shipping type
b) Warehouse
c) Document date
d) Delivery date
e) Item number and quantity

03. How would you enter the name and contact information for a sales prospect into a SAP
Business One company database?

Please choose the correct answer.

a) Add a draft quotation

b) Use a relationship map
c) Create a lead
d) Set up configuration data

04. One of Tiny Toys' vendors has branches all around the world. Therefore, the vendor
issues invoices in various foreign currencies. Tiny Toys has defined the vendor's master data
currency as 'All Currencies'. This enables Tiny Toys to enter invoices for this vendor in any
currency. How is the 'Account Balance' stored?

Please choose the correct answer.

a) In local currency, system currency and specified foreign currency.

b) In the local currency and system currency.
c) In local currency and specified foreign currency.
d) In every foreign currency that is used in the invoices.
05. What is recommended for helping the controller manage the company's cash flow?

Please choose the correct answer.

a) Profit and loss and the general ledger.

b) The budget module and the cost accounting.
c) Customer receivables aging and the dunning process.
d) The inventory audit report and the internal reconciliation process.

06. Which report shows the earnings of the business for a selected period?

Please choose the correct answer.

a) Profit and Loss

b) Trial Balance
c) Balance Sheet
d) Cash Flow

07. Which of the following document types can you create header and footer text for?

There are 2 correct answers to this question.

a) Sales Order
b) Business Partner Master Data
c) Item Master Data
d) A/P Credit Memo

08. You want to see the accumulated assets and liabilities for the financial year to date.
Which report can you use?

Please choose the correct answer.

a) Profit and Loss Statement

b) Trial Balance
c) Balance Sheet
d) General Ledger Report

09. Which of the following is correct concerning the Item master data?

Please choose the correct answer.

a) A non-inventory item can only be changed to an inventory item and not vice versa
b) An inventory item can be changed to a non-inventory item and vice versa when the total quantity
of the item is zero or the item has no open document
c) An inventory item can be changed to a non-inventory item and vice versa only when the total
quantity of the item is zero and the item has no open document
d) An inventory item cannot be changed to a non-inventory item irrespective of any condition

10. Approval procedures can be defined for which of the following documents?

There are 3 correct answers to this question.

a) Business Partner Master Data

b) Sales Order
c) Purchase Order
d) Goods Receipt

11. Which of the following statements are true regarding sales orders?

There are 3 correct answers to this question.

a) You can create a purchase order based on a sales order

b) A delivery date is optional when a sales order is first created
c) A sales order entered for a product will reduce the available stock for that item by the quantities
entered in the sales order
d) Once a sales order is added, it must be deleted and re-entered if there are changes to the order
e) A sales order can be created from a quotation

12. If you purchase 10 of product X at $10 and then purchase 10 of product X at $20,
which statements below would be true using the different valuation methods?

There are 3 correct answers to this question.

a) The total value for the inventory of product X is $300 if you are using the moving average valuation
method
b) The moving average cost of product X would be $30
c) Using FIFO method of inventory valuation, the current unit cost of sales for product X would be $10
d) Using the moving average valuation method, the current unit cost of sales for product X would be
$15

13. What affects the receipts quantity on the MRP recommendation?

There are 2 correct answers to this question.

a) Forecasts
b) Sales Order
c) Purchase Order
d) Production Orders for the finished goods item

e) Minimum Inventory Levels

14. Chad of Blue Steel Inc. created a purchase order for steel tubes. After creating the
order, he realized that he had ordered too large a quantity from his vendor. What advice
would you give to Chad?

Please choose the correct answer.

a) Since the purchase order cannot be changed or canceled in the system, he should create an
Advance Goods Return for the excess quantity that he will receive from the purchase order

b) Since he cannot change the purchase order, he should contact the vendor and ask them to send a
smaller amount than is shown on the purchase order, then change the status on the purchase order
to closed once the smaller amount is received

c) He can reduce the quantity on the purchase order as longs as it has not yet been shipped and
contact his vendor to let him/her know of the change

d) Since the purchase order cannot be changed, he must cancel and re-create the purchase order for
the correct amount.

15. How does SAP Business On calculate the stock available in the warehouse?

Please choose the correct answer.

a) Committed - Ordered

b) In Stock - Committed

c) Committed + In Stock + Ordered

d) In Stock + Ordered – Committed

16. There are 2 types of income statement and they are ...?

Please choose the correct answer.

a) Contingency & Capital

b) Revenue & Capital

c) Assets & Liability

d) Revenue & Expenses

17. Ted opens a Business Partner master record and notices that the Account Balance field
contains asterisks instead of having a numeric value. What has happened?

Please choose the correct answer.

a) Ted does not have general authorization to view Business Partner account balances

b) Ted is not the owner of this master data record

c) The account balance field is negative; therefore, Ted must determine the reason why

d) Ted is not defined as a sales employee; therefore, he has no access to account balances

18. In the Business Partner payment terms, you set the Due Date, which is calculated
based on the posting date, starting from the beginning of the month plus 31 days. You
create an A/R Invoice on May 10. Which Due Date will appear on the invoice?

Please choose the correct answer.

a) May 31

b) July 31

c) July 1

d) June 30

e) June 10

19. In SAP Business One Chart of Accounts levels 2 - 4 consist of active or title accounts.
True or False?

a) True

b) False