QUESTION: 49 Topic: 1

Identify two types of inquiries that are possible on ledger sets. (Choose two.)

variance inquiry
summary template and summary account inquiries
a budget balance inquiry to view the budgeted figures
an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set
an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set

Answer(s): D,E

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

Natural accounts were defined as parent values.
Natural accounts were defined to not allow posting.
Natural accounts were defined with an incorrect account type.
Natural accounts were defined to store both statistical and monetary values.

Answer(s): C

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QUESTION: 51 Topic: 1

Identify the three reports that can be processed using the State Controller window. (Choose three.)

Consolidation Audit
Consolidations Journal
Consolidation Financial
Consolidation Exceptions
Consolidation Balance Inquiry

Answer(s): A,B,D

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QUESTION: 52 Topic: 1

Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books. Its staff has called you to troubleshoot its process because the consolidation did not produce any data. Select two steps that you would perform to identify the error. (Choose two.)

Review the workflow process.
Evaluate the mapping settings.
Review the GL_Interface tables.
Confirm the account hierarchy setups.
Run the period close by using a different amount type.

Answer(s): B,C

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QUESTION: 49 Topic: 1

QUESTION: 50 Topic: 1

QUESTION: 51 Topic: 1

QUESTION: 52 Topic: 1

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