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Question No. 1

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?

Answer: C

Question No. 2

Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.

What steps must you perform to achieve this objective without causing data corruption?

Answer: A

To avoid data corruption, your cumulative adjustment account (CTA) can only be changed if you first perform the following set of steps:

Question No. 3

You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD.

Which two statements are true? (Choose two.)

Answer: C, D

Question No. 4

Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.

At what level can you override the default accounting attribute assignment?

Answer: D

Question No. 5

You need to create a month-end reporting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.

In which three ways do you accomplish this? (Choose three.)

Answer: A, B, D

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