Question 1

Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013. Which statement is true?

Options :

A : If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward

B : The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances

C : If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

D : If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward

E : If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward

Answer: A

Question 2

You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?

Options :

A : Use Smart View, which is an Excel Add-on

B : Use Account Inspector that automatically creates graphs on financial balances

C : When viewing the report, download to Excel and use Excel’s Charting features to create your bar graph

D : When designing your financial statement using Financial Report (FR), embed a chart into your report

Answer: D

Question 3

Which two statements are true if a journal description rule is defined with sources?

Options :

A : The description rule may be assigned to either the header or line level, or to both.

B : The description rule can only be assigned to the journal line level.

C : You cannot assign journal description rules to sources.

D : The description rule can only be assigned to the header or line level.

E : The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.

Answer: A,E

Question 4

In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

Options :

A : They can format certain tables by hiding and showing columns, moving columns, and resizing columns

B : Users have very little control configuring their Springboards and Work Areas; they can only resize columns

C : They can have the System Administrator configuring pages for them using Page Composer

D : They can use “+” under the Apps section of the News Feed homepage

Answer: A,D

Question 5

You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in. What format should you choose?

Options :

A : Fiscal Year

B : Calendar Year

C : Period

D : Year

Answer: A