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Question 43 🔥

Your client submitted the Annual Close application to close their fiscal year.When you close a fiscal year, which AAI Items does the system use?

Which database solution meets these requirements?

A. GLG4 retained earnings and GLGxx for all GL accounts

Highly voted

B. GLG4 retained earnings, GLG6 beginning revenue account, and GLG12 ending profit and loss

Highly voted

C. GLG4 retained earnings, GLG12 ending profit and loss, and GLG7 year-end close account

Highly voted

D. GLG4 retained earnings and FSxx Interim subtotals

Highly voted

E. GLG4 retained earnings, GLG12 ending profit and loss, and the ICCC intercompany account

Highly voted

Discussion of the question

Question 44 🔥

Which three Automatic Offset methods from A/R Constants can be selected? (Choose three.)

Which database solution meets these requirements?

A. Offset method Y. The system creates one automatic entry for each invoice pay Item.

Highly voted

B. Offset method The system accumulates invoice amounts and creates one automatic entry for the entire batch of invoices.

Highly voted

C. Offset method D. The system creates an offset entry for each detail record (gross amount, discount amount, and tax accruals are combined into one offset entries).

Highly voted

D. Offset method R. The system creates a summarized offset for each detail record (gross amount, discount amount, and tax accruals are combined into one offset entry).

Highly voted

E. Offset method S. The system accumulates pay item amounts and creates one automatic entry for each invoice.

Highly voted

Discussion of the question

Question 45 🔥

Which statement is true regarding AAIs?

Which database solution meets these requirements?

A. Some AAI Items with a common prefix can have a user-defined suffix.

Highly voted

B. All AAIs need to be associated with a Business Unit.

Highly voted

C. There can only be two lines of description.

Highly voted

D. All AAI Items are company specific.

Highly voted

E. All AAI Items must have a corresponding valid Object Account value.

Highly voted

Discussion of the question

Question 46 🔥

Which set of tables does the One View Supplier Payment inquiry application (P04720) combine information from?

Which database solution meets these requirements?

A. Accounts Payable Payment Detail (F0414), Accounts Payable Payment Header (F04143), Supplier Master (F0401), and Business Unit Master (F0006)

Highly voted

B. Accounts Payable Payment Detail (F0414), Accounts Payable Payment Header (F0413), Supplier Master (F0401), and Address Book (F0101)

Highly voted

C. Accounts Payable Payment Detail (F0414), Accounts Payable Payment Header (F0413), Account Master (F0901), and Address Book (F0101)

Highly voted

D. Accounts Payable Payment Detail (F0414), Accounts Payable Ledger (F0411), Supplier Master (F0401), and Address Book (F0101)

Highly voted

Discussion of the question

Question 47 🔥

Which four updates happen in the Accounts Receivable tables when you change the gross amount on a posted unpaid invoice? (Choose four.)

Which database solution meets these requirements?

A. The system removes the posted code on the invoice in the Customer Ledger table (F03B11).

Highly voted

B. The system updates the A/R Post Status field (ISTR) to 1 on the invoice record in the Customer Ledger table (F03B11).

Highly voted

C. The system recalculates the Discount Due Dates in the Customer Ledger table (F03B11).

Highly voted

D. The system sets the Payment Status to H (Held) in the Customer Ledger table (F03B11).

Highly voted

E. The system adds a record to the Invoice Revisions table (F03B112).

Highly voted

F. The system creates a new line item for the changed Gross Amount in the Customer Ledger table (F03B11).

Highly voted

G. The system recalculates the open amount in the Customer Ledger table (F03B11).

Highly voted

Discussion of the question

Question 48 🔥

Your client split several assets purchased in a prior year using the Asset Split program. After inquiring into the account ledger table (F0911), the client couldn’t find any entries in the month the assets were split.Why did this happen?

Which database solution meets these requirements?

A. The system creates journal entries on the last day of the prior year with a document type AS for assets that existed in a prior year.

Highly voted

B. For assets split in the current year, the GL date for the period that the split takes place is used. If no entries exist in the period, the client most likely cancelled out of the application before creating the split.

Highly voted

C. When entering an asset split you are required to enter a G/L date: the period when the entries are created and posted. The system is configured to automatically post entries. The client has been erroneously searching for an unposted batch.

Highly voted

D. The system does not create journal entries for asset splits because it is a net zero transaction; the balances remain the same, only additional asset numbers are created.

Highly voted

Discussion of the question

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Exam contains 78 questions

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