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| Section | Objectives |
|---|---|
| Topic 1: Financial Accounting | - General Ledger - Accounting Configuration - Accounting Processes |
| Topic 2: Operational Maintenance | - Troubleshooting - Data Validation - Best Practices |
| Topic 3: Financial Period Close | - Period-End Close Activities - Close Monitoring - Reconciliation |
| Topic 4: Record-to-Report Configuration | - Accounting Rules - Business Process Configuration - Security and Permissions |
| Topic 5: Financial Reporting | - Report Configuration - Financial Statements - Standard Financial Reports |
1. You need to find balances due to several suppliers for multiple periods.
What report will you use?
A) Find Journal Lines
B) Suppliers by Company
C) Supplier Activity Summary
D) Find Suppliers
2. Refer to the following scenario to answer the question below.
A company created a journal sequence generator rule, assigned the rule to the company, selected to create ID generators, opened accounting periods, and posted journals to the current ledger year. Next, the company added a condition to the journal sequence generator rule.
When is the soonest the new condition would be included on the company's journals?
A) After they close all periods in the current ledger year and selects to reassign ID generators.
B) Before they close the current ledger year.
C) The new condition can never be included on their journals.
D) In the next ledger year, assuming no journals are posted AND they delete the unused ID generators before activating the updated journal sequence rule.
3. Your healthcare company is restructuring its departments to improve patient care coordination.
Why would they set up the new departments as organizations?
A) To structure the hospital's workforce and financial reporting
B) To schedule patient appointments within each department
C) To manage employee performance reviews by department
D) To track medical supplies inventory for each department
4. After an acquisition, a new legal entity needs to be set up.
What should you create?
A) New worktags that represent the acquisition.
B) A new company organization.
C) A new cost center organization.
D) A new reorganization before setting up the new cost center.
5. In what order are account posting rule conditions assessed?
A) Default account, then account posting rule conditions from bottom to top.
B) Account posting rule conditions from bottom to top, then default account.
C) Account posting rule conditions from top to bottom, then default account.
D) Default account, then account posting rule conditions from top to bottom.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: C |
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