IM220 SCEIS Goods Receivers, Goods Issuers and Physical Inventory

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1 point

When reversal of a Goods Receipt for a PO is required the Movement Type changes. What movement type is used when reversal of a Goods Receipt for a PO is required?

962

101

552

102

551

1 point

An active inventory document will:

Allow the user to perform a goods receipt.

Allow the user to issue goods.

Blocks the material from all movement types until the inventory document is no longer active.

1 point

True or False: Inventory is expensed at time of purchase.

True

False

1 point

What role manages inventory scrapping?

Agency Inventory Receiver

Agency Inventory Issuer

Agency Inventory Adjuster

Agency Inventory Administrator

1 point

True or False: All material issues will be budget relevant except for used/reclaimed material and scrapping.

True

False

1 point

True or False: Non Valuated Material immediately increases the inventory value when a goods receipt is entered.

True

False

1 point

True or False: An FI transaction is created when creating a transfer from plant to plant.

True

False

1 point

How is the Moving Average Cost affected by a goods receipt for free or reclaimed material?

The moving average cost goes down.

The moving average cost goes up.

The moving average cost stays the same.

1 point

True or False: Inventory can be counted on an individual item basis or as a full blown inventory.

True

False

10.

1 point

True or False: Examples of South Carolina agencies inventory include Law Enforcement Materials, Clothing and Uniforms, Food, State Employees and Telephone Equipment.

True

False

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