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| Section | Objectives |
|---|---|
| Configuring Enterprise and Financial Reporting Structures | - Manage Geographies - Manage Ledgers - Manage Accounting Calendars - Manage Chart of Accounts - Manage Legal Jurisdictions - Manage Legal Authorities and Legal Entities - Manage Account Hierarchies |
| Configuring Ledgers | - Define Ledger Options - Configure Secondary Ledgers - Manage Ledger Sets - Configure Reporting Currencies |
| Financial Reporting | - Financial Reporting Studio - Account Groups and Reports - Financial Statement Generation - Smart View Reporting |
| Intercompany Processing | - Intercompany Reconciliation - Process Intercompany Transactions - Configure Intercompany Balancing Rules |
| Period Close | - Manage Accounting Periods - Perform Period Close Activities - Close Monitoring and Reporting |
| Budgetary Control and Encumbrance Accounting | - Funds Check Processing - Control Budgets - Encumbrance Accounting - Configure Budgetary Control |
| Journal Processing | - Journal Import and Posting - Allocation Rules - Create and Manage Journals - Recurring Journals - Configure Journal Approval |
1. Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?
A) Financial Reports with Embedded charts
B) Account Monitor
C) Smart View
D) Account Inspector and its charts
2. You are creating financial Statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results. How would you achieve this? (Choose Two)
A) Use Smart View, which is and Excel Add-on
B) use Account Inspector that automatically creates graphs on financials balances
C) When viewing the report, download to Excel and use Excel's charting features to create your bar graph
D) when designing your financial statement using financial report (FR), embed a chart into your report.
3. Which repot show you differences between your subledger balances and General Ledger balances?
A) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
B) Payables and Receivables Aging Reports with the General Ledger Trial Balance report
C) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
D) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
4. You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason
A) Accounting Configuration was not submitted
B) An Audit process needs to be successfully performed before a tree version can be set to Active
C) Chart of accounts was not deployed
D) Two tree versions were not defined
5. Which tool can you use to create a Financial Income Statement?.
A) One View Reporting
B) Rapid Implementation Enterprise Structures setup
C) PS/nVision
D) Account Inspector
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: A |
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