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1. Which accounting engine is used to define the rules that help in generating the accounting entries for transactions such as supplier invoices and payments or customer invoices and receipts? (Choose the best Answer.)
A) Business Intelligence
B) General Ledger
C) Essbase Cube
D) Subledger Accounting (SLA)
2. Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)
A) Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
B) Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
C) Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
D) Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
3. Glenn Systems has decided to create accounting for payments at the time of issuing, as well as at the time of clearing the payments. Which accounting entry will be generated by the sys-tem when the payment gets reconciled with a bank statement line? (Choose the best Answer.)
A) Debit-AP Liability Credit-Cash Account
B) Debit Cash Clearing Account Credit-Cash Account
C) Debit -AP Liability Credit-Cash Clearing Account
D) Debit-Expense Credit-Cash Account
4. John works as a Cash Manager in Glenn Systems and he wants to create the Cash Positioning report by using the predefined system transactions as sources. Identify three predefined sources that John can choose to create this report.? (Choose three.)
A) Purchase Orders
B) AP Payments
C) Purchase Requisitions
D) AP Invoices
E) AR Invoices
5. Which three preferred delivery methods can you choose to send statements to your customers while defining customer profile classes? (Choose three.)
A) WhatsApp
B) Email
C) SMS
D) Fax
E) Print
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B,D,E | Question # 5 Answer: B,D,E |
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