Microsoft Business Solutions Solomon 6.0 Inventory and Order Processing Set 7

1.

When is the status of a regular purchase order set to Completed (M)?

Receipts totaling the full amount of all line items on the purchase order have been released. During the delete detail process, if the promise date on all the items is less than the current businessdate. When the Purchasing module is closed for the year, all regular orders that are not in an Open Orderstatus are automatically set to Completed. Total receipts for all line items on the purchase order fulfill the Receipt Qty Min % setting and theReceipt Acceptance Action is either Accept Quantity and No Warning or Accept Quantity and Warning.

2.

Landed costs can be allocated to line items with which of the following Receipt For types in the Receipt/ Invoice Entry screen?

Goods for Inventory Non-Inventory Goods Freight Charges Goods for Sales Order

3.

When booking landed costs in Solomon, which inventory valuation methods can result in the creation of an adjustment batch in Inventory.

Average User Specified LIFO Standard

4.

If the General Ledger, Inventory, Accounts Payable and Purchasing modules are all set up what fiscal period is used as the default for Receipt/Invoice Entry batches?

The Current Period number field from the PO Setup screen. The Current Period number field from the AP Setup screen. The Current Period number field from the GL Setup screen. The Current Period number field from the IN Setup screen.

5.

When entering landed costs in the Landed Cost Allocation Entry screen accessed from the Voucher and Adjustments screen, only landed costs codes with which Application Methods can be used?

Both Cost Quantity Voucher

6.

Assuming normal systems operation, when releasing an AP batch that includes documents that have landed costs associated with line items, which of the following are possible scenarios?

The AP batch release could be successful but the landed cost processing could fail. The AP batch release could fail but the landed cost processing could be successful. The AP batch release could be successful and the landed cost processing could succeed. The AP batch release could be successful but the landed cost process could fail, which automaticallycreates an AP debit adjustment.

7.

When is the status of a standard order automtatically set to Completed (M)?

Receipts totaling the full amount of all line items on the standard order have been released. Once the sum of the quantities on all regular orders created from the standard order equals or exceedsthe quantities on all the corresponding line items on the standard order. When the Purchasing module is closed for the year, all regular orders that are not in an Open Orderstatus are automatically set to Completed. Solomon never automatically sets standard orders to Completed.

8.

What is the value of the Purchse Order's status field for orders that are ompleted?that prints on many reports and displays in the F3 or possible value lookup windows?

COMP C D M

9.

If the General Ledger, Accounts Payable, Accounts Receivable, Inventory and Purchasing modules are set up, which general ledger accounts are updated when a Receipt/Invoice Entry batch that contains Goods for Inventory line items is released and posted?

General ledger balances are only updated as a result of the AP batches created from the PO receipts. The AP Accrual account from the PO Setup screen is credited. The Inventory Account from the Inventory Sites screen is debited. The Inventory Account from the PO Setup screen is debited

10.

Multiple lines for the same item are entered on a purchase order because each line has a different promise date. Deliveries are made in stages. When receiving against these purchase orders, the user does not
always select the correct line items, causing the vendor analysis reports to be misleading. Which option resolves this issue?

Use multiple purchase orders so the documentation from the vendor has the purchase order number of
the correct line item to be received. When entering receipts, set the Dflt PO Lines field to Promise Date. Require that no receipts for a purchase order should be entered until all material for the purchase orderhas been received. Check the Do Not Accept Receipts Prior to Promise date field in the PO Setup screen.

Microsoft Business Solutions Solomon 6.0 Inventory and Order Processing Set 7

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Microsoft Business Solutions Solomon 6.0 Inventory and Order Processing Set 7

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Congratulations

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