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1. Which delivered role can access the full functionality of Functional Setup Manager?
A) Functional Setup Manager Superuser
B) IT Security Manager
C) Application Implementation Consultant
D) Any functional user
E) Application Implementation Manager
2. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?
A) Allocation Range
B) Basis
C) Offset
D) Source
E) Target
3. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
A) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
B) Each product has its own Intercompany Accounting feature that needs to be configured separately.
C) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
D) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
4. Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of
100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?
A) You have an unrealized exchange gain recorded.
B) You have an unrealized exchange loss recorded.
C) The original journal entry in Euros is updated.
D) The original journal entry in Euros remains the same.
E) There is no unrealized exchange gain or loss calculated.
5. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?
A) Primary ledger with the IFRS accounting convention
B) Secondary ledger with the IFRS accounting convention
C) Reporting currency with the local accounting convention
D) Primary ledger with the local accounting convention
E) Reporting currency with the IFRS accounting convention
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: D | Question # 3 Answer: B,C | Question # 4 Answer: B,D | Question # 5 Answer: B,D |
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