Question 1

The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

Options :

A : Budget Controller

B : Budget Group

C : Account Group

D : Budget Account Group

E : Application Development Framework Desktop Integration (ADFdi)

Answer: C

Question 2

What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)

Options :

A : The purchase order is canceled or finally closed or rejected without performing any receipt or invoice

B : When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the extent of the unreceived amount

C : The requisition reserved successfully undergoes amendment and is rejected in the reapproval

D : When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount

Answer: A,B

Question 3

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

Options :

A : Account Monitor

B : Financial Reports with Embedded charts

C : Smart View

D : Account Inspector and its charts

Answer: A

Question 4

You are using account hierarchies for reporting and allocations. Which two statements are true about these types of hierarchies? (Choose two.)

Options :

A : You can have only one version of a hierarchy published to the Essbase cube at any time.

B : Hierarchies for reporting and allocations do not have to be published to Essbase cubes.

C : Hierarchies for reporting and allocations have to be published to Essbase cubes.

D : Child values in these hierarchies can belong to only one parent.

Answer: A,C

Question 5

What is the most efficient way to add a new year to the accounting calendar?

Options :

A : Import the periods from a spreadsheet

B : The application automatically populates the next year when you open the first period of a new fiscal year

C : Add the periods manually

D : Use the Add Year button

Answer: D

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