Question 1

You are required to change today’s daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?

Options :

A : Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.

B : Edit existing transactions and update the rates manually.

C : Use the spreadsheet loader from the Currency Rates Manager.

D : Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger’s Period Close work area.

E : Import daily rates through the Daily Rates open interface table.

Answer: C,D,E

Question 2

You have created an OTBI analysis with more than one view. You plan to add prompts to the report that are specific to each view. Where should you define your prompts?

Options :

A : View Selector

B : Compound Layout

C : Analysis Properties

D : Prompts Tab

Answer: D

Question 3

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)

Options :

A : The Account Rule’s conditions are not defined

B : The Account Rule’s chart of accounts has no account values assigned

C : The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set

D : The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

Answer: C,D

Question 4

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

Question 5

You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

Options :

A : Create an Account Group using Account Monitor

B : Use Account Inspector

C : Open a Smart View file saved on your desktop

D : Perform an account analysis online

Answer: A