SAP TB1000 - Items
19 important questions on SAP TB1000 - Items
What information is contained at the header of an item master record?
General information about the item. A unique ID number must be assigned as the code.
What are the three item categories? What do they control? Can an item belong to multiple categories?
- Inventory item you make and sell
- Service for sale
- Expenditures
The item categories control whether that item can be purchased, sold, or stored in inventory. An item can belong to multiple categories.
What information is contained on the purchasing and sales tabs of the item master?
- Information on the item’s purchsing/sales units of measure
- Purchse/sales item dimensions,
- Packaging for purchasing/sales,
- Tax details.
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
For my 1st exam I got a C. Then, I started looking for ways to learn better and I came across Study Smart. Since then I have scored a A+, A, A- and another A. I highly recommend it to everyone who wants to hear it. I am so happy with it!!
I was struggling to finish all my first-year subjects for 3 years. Then I discovered Study Smart, which helped me to finish all of them within 3 months.
Because of StudySmart, things are going well in many ways. Before, I always had study stress and no time for anything. Now I feel calm and confident (because of the program). I used to score a B, now I usually score an A or A+.
Hey Chris, I really want to thank you very much for developing the platform, I usually got around C for my exams, now I scored an A+, an A and a A- !!
Since using Study Smart, my average has increased significantly. I even completed a statistics course with a A+ while I'm bad at statistics. I took on extra courses this year, because of Study Smart. Thanks so much!
Ever since I started studying with StudySmart I passed all my exams !!! No more re-sits!! At first, I was happy with a pass and now I only get good grades. Many thanks!
I aced all the courses I studied with Study Smart. For law, I first scored a D, and now an A! I’m 100% sure that I’ll pass all the courses I study with Study Smart.
I always thought I studied well. My grades were fine. I could never have imagined that applying these study skills would have such a huge and direct impact on my grades, my speed and the pleasure I have in learning.
For the first time, I finally feel totally confident about the way I learn. I have the perfect overview and make great progress in terms of speed and the grades I get. Thanks, Chris!
I immediately started to enjoy learning again, and my grades soared. All of a sudden, everything went better. I highly recommend Study Smart to all students..
Being able to create my materials online made the process of studying so much smoother and quicker. I no longer have to spend a huge amount of my time on creating my summaries.
At first, my notes were a mess. Now I use Study Smart to take my notes in a perfectly structured way. It helps me to save a lot of time and do other things I enjoy.
Students that study with Study Smart get better grades. The system applies all the learning methods in such a way that both well-performing students and students who struggle perform much better.
Hi Chris, I would like to thank you very much. Last year I scored C on a course, and this year I got an A+ thanks to your method! Thank you very much!
The largest effect is that my child is more enthusiastic about school! Every parent wants their children to be happy at school, Study Smart made it happen.
In high school, I failed several exams, and that has really changed now. I actually needed this tool very much back then. Since I started studying with StudySmart, I haven't had any D's. My average score is now an A and those are results I would have never had in the past
With my old method, I passed only 3 out of 8 courses. Since I started taking my notes digitally in Study Smart, I have passed all my courses on the first try. For me, StudySmart takes away the stress of wondering if I will pass or not.
Thanks to StudySmart, I passed all my exams, and with better grades than before! On top of that, I have mastered a very good study method now, which I am confident will help me earn my degree.
What information do you find on the inventory data tab of an item master record?
Quantities:
- Currently in stock
- -/- Comitted (ordered by customers)
- + Ordered (for purchse or production for items produced in-house)
- = Available for sales orders
What type of information is found on the Planning tab of an item master record?
Information for planning your inventory requirements.
- You can control whether the item is considered in material requirement planning.
- And if it is relevant for planning you can indicate whether this is an item that is purchased or built in-house and set a lead time for calculating how long it will take to restock the item.
- The other fields on this tab support the materials requirement planning process.
When is it possible to delete items? What is another option for restricting the use of items that cannot be deleted?
When you archive old data and these items no longer have transactions related to them in the database.
You can mark the item as inactive so it can no longer be added to sales orders.
You can choose to exclude these inactive items from system reports.
What are item properties and why could they be useful?
Item properties give you a way to add more information about how this item fits into your company lines of business, sales territories and marketing goals.
How can you reformat item search criteria?
If you have a large number of items, you can reformat item search criteria to group the results by item group or another field in the Form Settings window.
What steps do you take to create a unit of measure group?
When you create an item master data record, you assign a unit of measurement group, containing the units of measure commonly used for this type of item.
How can you set up different units of measure for selling and purchasing a specific item?
Each item master record holdsthe units of measure used for purchasing, storing and selling that particular item.
When you set up the item, you assign a group containing the units of measure commonly used for this type of item.
The group “manual” is provided for upgraded companies and used as the default until another group is assigned.
What are the advantages of using item groups?
Item groups are useful as selection criteria in reporting and processing functions. You can subtotal your sales and purchasing analyses by item group.
What are the differences between a perpetual and a non-perpetual inventory system? What is not affected in a non-perpetual inventory system?
Perpetual Inventory system:
Inventory transactions affect both stock levels and value
Automatic entries created in the general ledger
Non-perpetual inventory system:
Automatic inventory transactions affect only the inventory levels
No effect on stock value
No automatic entries in the general ledger
What are the three valuation methods for calculating the inventory value?
- Moving average
- FIFO
- Standard Cost
How is the item cost calculated for an item controlled by the moving average method?
Dividing the total inventory value by the on-hand quantity.
How is the standard cost of an item set?
When using the standard cost method, what happens when the purchase price differs from the standard cost of an item?
Variances are recorded to a variance account, and the unit cost is not affected.
How are item costs managed in the FIFO inventory valuation method?
Each receipt transaction creates a new layer.
Each issuing transaction uses the first available open layer.
How do you activate perpetual inventory? Which related settings are available in the same window?
Before posting any transactions, select the checkbox on the Basic Initialization tab of the Company Details window.
The Item Groups Valuation Method settings.
What is the purpose of the inventory audit report? What are the limitations on its use?
Only for perpetual inventory, this report provides an audit trail for the posted inventory transactions in the chart of accounts.
Transactions with non-inventory items or drop-ship warehouses are not displayed.
You can use this report to make comparisons between the accounting view (inventory balance accounts) and the logistics view (inventory value displayed by the audit report).
The report explains the value changes in inventory accounts.
The report does not recalculate the item cost but displays the information from the database. In addition, only inventory related transactions are displayed in the report.
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
