Is it possible to see the sales revenue for a month in your financial report, even if an invoice has not been sent to the customer?
A. Yes, because the invoice is generated automatically.
B. Yes, because FandC accrue or defer the revenue from the sale.
C. No, because sales are always recorded when the customer invoice is sent.
D. No, because this is not SOX compliant.
What is the basic cost management requirement for a CAPM?
A. Know the approval processes.
B. Not to exceed the cost base-line.
C. Know where to find the best resources.
D. Not to take any risks.
What are the CaPM responsibilities regarding cost management?
A. To monitor costs on a periodic basis and initiate corrective actions as needed.
B. To support the FandC Controller in her/his cost monitoring activity.
C. To support the CT Head in her/his cost monitoring activity.
D. To review the actual financial data against the estimated figures and report it to the CT Head.
Can we recognize revenue based on a Letter of Intent?
A. Yes, as long as prices, scope of work and payment terms are specified.
B. Yes, when it is a contract renewal situation and negotiations are advancing.
C. Yes, if the Letter of Intent refers to the continuation of terms and conditions of the previous Care Agreement.
D. Yes, if a Letter of Intent is legally binding under applicable law.
In NELLE, CIT resources are:
A. planned as man-working-days (MWD).
B. planned as Head-Count.
C. planned as money value.
D. not planned with NELLE.
When we receive payment for a customer invoice, what financial statement is affected?
A. The Profit and Loss statement only.
B. Both the Profit and Loss statement and the Balance Sheet.
C. Profit and Loss and Cash Flow statements.
D. Balance Sheet statement only.
Continually measuring and monitoring the actual cost versus the budget is done to:
A. analyze the reasons for variances.
B. regularize the variances.
C. approve the variances.
D. generate reports.
In order to report cost of poor quality, it is needed to:
A. make internal cost transfer invoices to product lines.
B. forecast cost of poor quality in NELLE.
C. record the working time on the cost of poor quality SvO on projects in WTR.
D. have a cost of poor quality budget approved in advance.
How does an NSN-PRS report show that SAP / accounting system and NELLE are set-up consistently?
A. The half-year total remains stable.
B. The totals coming from NELLE and SAP / accounting system match.
C. It compares the GIC structure with the Service Order structure.
D. Forecasted and actual cost and sales are on the same GICs.
Net Sales is 150, Cost of Goods Sold is 100. What is the Gross Profit in %?
A. Cannot be determined without knowing Gross Sales.
B. 1
C. 0,5.
D. 0,33.
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