It’s time to put what you’ve learned to the test, get 5 questions right to pass this unit.
1.
When do you adapt to Public Sector industry variant chart of accounts?
Choose the correct answer.
2.
XYZ Metropolitan Transit Authority reports independently and follows US GASB Full Accrual accounting. They do not have to follow any other financial accounting principle for their external reporting, however, they do budgeting on a Modified Accrual basis. Which of the following options should XYZ Metropolitan Transit Authority set up in the accounting principle and ledger selection?
Choose the correct answer.
3.
Which of the following statements about zero balance clearing is correct?
Choose the correct answer.
4.
Which of the following is used to accomplish commitment and actual reporting in SAP S/4HANA Cloud for public sector.
Choose the correct answer.
5.
Public sector variant chart of accounts will do which of the following?