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1. Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio? (Choose two.)
A) Financial statements are generated using the data directly from the transactional tables.
B) Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.
C) Financial statements can be generated only in HTML format.
D) Financial statements can be generated using different hierarchies to represent the data from different perspectives.
2. Your organization has hired Steven Johns who will be responsible for analyzing the financial performance and providing feedback for better decision making. Which job role will help Steven Johns to perform his job in the organization? (Choose the best Answer.)
A) Cash Manager
B) Financial Analyst
C) General Accountant
D) General Accounting Manager
3. Which process involves the comparison of planned versus actual figures by designing re-ports with the help of state-of-the-art reporting tools? (Choose the best Answer.)
A) Budget to Report
B) Procure to Pay
C) Invoice to Cash
D) Accounting Transformation
4. Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)
A) Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
B) Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
C) Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
D) Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
5. Invoice Number S10231234 for USD 1000 was raised for the customer "Business World" on 1st January 2022 with a payment term of 30 days. This invoice became due on 31st January 2022, but the customer has not yet made the payment due to an unresolved dispute. Which subprocess in the Invoice to Cash life cycle flow helps you to manage and resolve disputes for such type of delinquent invoices? (Choose the best Answer.)
A) Customer Contract to Revenue
B) Customer Invoice to Receipt
C) Customer Statement to Collection
D) Bank Transaction to Position
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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