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Knowledge quiz

It’s time to put what you’ve learned to the test, get 4 questions right to pass this unit.

Q1.

Which field in the purchase order item must have the value Asset (A) so that you can enter an asset number in the account assignment?

Choose the correct answer.

Material Group

Product Type Group:

Account Assignment Category

Q2.

A software system you ordered is delivered but is not activated. What could be the reason?

Choose the correct answer.

The asset accountant did not enter the activation date in the asset master record.

The asset is only activated with the invoice. It is a non-valuated goods receipt.

The asset is only activated upon payment. It is a valuated goods receipt.

Q3.

What is the effect of the payment of the asset under cash discount deduction?

Choose the correct answer.

Increase in depreciation of the asset in the year of payment.

A reduction in the APC values of the asset.

No automatic change to the Acquisition and Production Costs (APC) of the asset.

Q4.

Which of the following activities are part of the asset procurement process in materials management?

There are three correct answers.

Invoice receipt

Inventory receipt

Purchase order

Goods receipt

Q5.

In the procurement process, when using a valuated goods receipt, when is a fixed asset capitalized at purchase order value?

Choose the correct answer.

Invoice receipt

Payment

Purchase order

Goods receipt