Knowledge quiz

It's time to put what you've learned to the test, get 2 right to pass this unit.

What purpose do Account Codes serve in the Concur Expense system?

Choose the correct answer.

Account Codes randomly assign a numerical value to each expense type without associating with the company's accounting system.

Account Codes match expense types to a company's Chart of Accounts in their financial system, ensuring correct General Ledger posting an accurate financial reporting.

Account Codes differentiate between various expense types but have no connection with the company's Chart of Accounts.

Account Codes are primarily used to create an aesthetic hierarchy of expenses without any impact on financial reporting.

What will happen if the account codes are missing from the expense types in use?

Choose the correct answer.

Users will not be able to process the expense reports.

The system will automatically assign random account codes to the unassigned expense types.

Users can still process expense reports, but all unassigned expenses will be grouped under a default account code.

The users will be asked to enter the account code.