Knowledge quiz

It’s time to put what you’ve learned to the test, get 8 questions right to pass this unit.

Q1.

Which of the following Special Nodes in the Financial Statement Version can be edited?

There are two correct answers.

Assets

Financial Statement Notes

Accounts Not Assigned

P&L Result

Q2.

Which of the following are features of the automatic clearing program?

There are two correct answers.

It can only executed at month end

It matches items with a zero balance, same company code, same currency and at least one matching criteria

It works with open item managed accounts

Q3.

Which of the following dimensions can you use to create a Balance SheetandIncome Statement?

There are two correct answers.

Cost Center

Segment

Company Code

Functional Area

Q4.

Which of the following statements applies to Accruals?

There are two correct answers.

It can only be posted as a recurring charge

It is a prepayment

It can be recorded before the month-end

It can relate to revenue or expense

Q5.

A Ledger Group is used for?

Choose the correct answer.

Posting period control

Posting to Special Periods

Posting to a specific Ledger

Reconciliation Account postings

Q6.

Which of the following statements applies to a Foreign Currency Valuation Run?

There are two correct answers.

It calculates an exchange rate gain/loss on foreign currencies

It adjusts the posting period

It valuates G/L account balances or open items

It can only be used with special periods

Q7.

Which of the following tasks are preclose activities?

There are two correct answers.

Automatic clearing

Foreign currency revaluation

Close the previous period

Post accruals

Q8.

Which account type is mandatory in the Manage Posting Periods app, to allow the posting of journal entries to a posting period?

Choose the correct answer.

+ (Valid for All Account Types)

S (G/L Account)

A (Assets)

M (Materials)

Q9.

What are some of the features of the G/L Balance Carryforward app?

There are two correct answers.

It can carry forward Assets, Receivables and Payables balances

Updates the previous Fiscal Year

It can be executed on a monthly basis

It can be run more than once