Revenue Cycle I-A: Business Partner Master File Policy Quiz
10 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What information must be contained in the Business Partner Master File?

  • Date of birth of the Business Partner
  • Number of children the Business Partner has
  • Email address of the Business Partner
  • Location of the Business Partner (correct)

    • Who is responsible for maintaining the Business Partner Master File?

  • Sales Department
  • Human Resources Department
  • IT Department
  • Finance Department (correct)

    • What transactions is the Business Partner Master File Administrator not allowed to process?

  • Generating financial reports
  • Preparing sales forecasts
  • Processing payments (correct)
  • Updating inventory records

    • Under what circumstances may a business partner's account be blacklisted?

    <p>Default in payment of accounts</p> Signup and view all the answers

    Why is access to the Business Partner Master File controlled?

    <p>To maintain the security and integrity of data</p> Signup and view all the answers

    What is the purpose of maintaining a Business Partner Library?

    <p>To standardize the code assigned to business partners of METS En Co.</p> Signup and view all the answers

    What type of documents must support new business partner additions in the Business Partner Master File?

    <p>Approved Customer Information Sheet</p> Signup and view all the answers

    How should a business partner code be formed according to the policy?

    <p>Including the first three characters of the vendor's name and a serial number padded with zeros</p> Signup and view all the answers

    What information should be added to the Business Partner Master File as per the policy statement?

    <p>Only information from an approved list of documents</p> Signup and view all the answers

    Why is it essential to maintain correct information in the Business Partner Master File?

    <p>To avoid errors in critical processes like setting up customer accounts</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser