1Z0-549 Online Practice Questions and Answers

You ran the application A/R Statistical History Update program (R03B16A). Which table does the system use to display information on the Account Statistical Summary Form?

A. F03B11

B. F03B21

C. F03B15

D. F03B16

E. F03B16S

Your client has asked that you set up the supplier payment terms. Assume they are using Standard Voucher Entry. What happens to the payment terms field in the header if payment terms are specified in the grid?

A. A soft error occurs.

B. The system ignores the value entered in the payment terms field in the grid and continues to use the value in the header.

C. The system uses the payment terms found on the supplier master record.

D. The payment terms field in the header is disabled and the system uses the value entered in the grid.

E. Nothing, there are no payment terms field in the grid.

You were asked to assist in setting up the Automatic Accounting Instructions (AAI) for the financial system. Which statement is TRUE regarding AAI?

A. All AAI Items must have a corresponding valid Business Unit and Object Account value.

B. There can only be two lines of description.

C. The sequence number is hard coded in the logic of the calling application.

D. Some AAI Items with a common prefix can have a user defined suffix.

E. All AAI Items are company specific.

Your client wants to create an efficient way of distributing costs to various accounts and minimize manual data entry. One way of accomplishing this is to use model journal entries. Which statement best distinguishes a percent model journal entry from other model journal entries?

A. The document type should be percent for a percent model.

B. It is designated as a percent JE in the explanation field.

C. The document type is JE, but percent follows all the amounts.

D. You cannot create percent model journal entries.

E. The document type is JX.

Your client wishes to run Calculate Withholdings Report In preparation for the payment process. For the Calculate Withholding program to select a voucher, what must the voucher's pay status be?

A. A

B. %

C. W

D. H

E. #

A special rebate payment has to be issued to a customer that doesn't have a Supplier Master. How do you accomplish this without creating multiple Address Book numbers?

A. Change the customer's search type In the Address Book to indicate that this is a supplier.

B. Set up the Supplier Master record with the same Address Book number as the Customer Master record.

C. Enable the AR/AP Netting Indicator for the customer in the Address Book master record.

D. Enter the customer number In the Factor/Special Payee field.

E. Enter a valid 1099 code In Category Code 7 in the Address Book Record,

Which three statements related to the Journal Entry Reversal Control functionality are TRUE?

A. Enter a journal entry reversal the last day of the previously closed period.

B. Enter a journal entry reversal the first day of the next period.

C. Enter a journal entry reversal the last day of the next period.

D. A reversal journal will cause duplicate journal entries.

E. Journal Entry Reversal functionality is commonly used for entering accrual journal entries

Which three of the following pieces of information can be captured in the Address Book?

A. Outstanding amount for customers

B. Default Document Type

C. A/R A/P Netting Default

D. Tax ID

E. Subledger Inactive Code

A client uses multiple banks' accounts in their Accounts Payable System. The client wants the correct bank account number to be supplied by the system when they enter vouchers. What is the best choice to accomplish this function?

A. Set up bank account information to override PB.

B. Set up G/L offset in the Supplier Master and set up PCyyyy only.

C. Set up G/L offset in the Supplier Master and set up PByyyy and Pcyyyy.

D. Set up 6/L offset in the Supplier Master and set up PByyyy only.

E. Set up G/L offset hi Supplier Billing and set up PByyyy and PCyyyy.

Your client is required to produce a trial balance that compares 'Actual" and "Budgets". You recommend they use the Trial Balance Ledger Comparison application. How is the 'Thru" date derived on this Find/Browse form?

A. The "Thru" date is driven by the Financial Reporting Period in the General Accounting Constant.

B. The user must enter the "Thru" date.

C. The "Thru" date is driven by the Financial Reporting Period in the Company Constant.

D. The "Thru" date is driven by the General Accounting Current Period in the Company Constant.