QUESTION: 1
Which statements are true in regards to Change Class?

A) Different Association, Application and Liquidation events wil be available.
B) Different Basic Amount Tags will be available.
C) Different Third-Party Types wil be available.
D) Different User-Defined Fields will be available.

A. A. and B
B. C and D
C. A and D
D. B and D
Answer(s): A
Explanation:
Third Party types are only available if the `Charge Type' is Third Party and this LOV (List of
Values) usually has no record. User-Defined fields are only available were they are setup.

QUESTION: 2
When is the Year-end PL Account (specified at the Bank level) used?

A. when a particular GL is closed
B. when the GL to which year-end balances should be posted is not specified in Accounts
C. when all year-end transactions pertaining to Memo GL are to be posted
D. when previous year adjustment entries are to be posted
Answer(s): B
Explanation:
Al P&L accounts should have the year-end GL specified when they are setup at Chart of
account.
If it is not specified, at EOY when zeroing P&L system applies the year-end GL specified at
branch parameters.
QUESTION: 3
In which depreciation method does the depreciation amount specified by the bank on a fixed
asset does not remain constant throughout that asset's useful life?

A. SLM
B. WDV
C. Activity Depreciation Method
D. Sum of Digits Depreciation Method
Answer(s): A
Reference httpwww.ehow.comlist_6535356_define-methods-depreciation.html (see sum-ofthe-
years'-digits method)
Explanation:
Only two depreciation method exists in FA SLM and WDV

Free 1Z0-561 Exam Braindumps

Pass your 1Z0-561 exam with these free latest Questions and Answers

DOWNLOAD PREMIUM VERSION

Get All 76 Questions
in PDF Format

Free 1Z0-561 Exam Braindumps

Pass your 1Z0-561 exam with these free latest Questions and Answers

DOWNLOAD PREMIUM VERSION

Get All 76 Questions in PDF Format

MYITGUIDES.COM

LATEST EXAM QUESTIONS & VERIFIED ANSWERS

93% PASS RATE

Get All 76 Questions
in PDF Format