Note: The answer is for reference only, you need to understand all question.
QUESTION 1
What is the minimum acceptable level of security that requires that each user is assigned an ID and a password?
A.Record level security B.Company level security C.Table level security D.Database level security

Answer: D
QUESTION 2
Which of the following statements is TRUE about dimensions?
A.All dimensions are stored directly on the G/L entries. B.Only global dimensions are stored directly on the G/L entries. C.Only budget dimensions are stored directly on the G/L entries. D.Only shortcut dimensions are stored directly on the G/L entries.

Answer: B
QUESTION 3
If you want to post a recurring journal entry on the last day of every month, how can you fill in the Recurring Frequency field in the recurring journal?
A. 1M+1D
B. 1M
C. 1M+CM
D. CM+1D

Answer: C
QUESTION 4
When you have selected the Recurring Method of Reversing Fixed on a recurring journal line, the program will post a reversing entry on what date?

A.The Posting Date + one month B.The same date as the Posting Date on the journal line C.The date after the Posting Date on the journal line D.The Posting Date + the date formula in the Recurring Frequency field

Answer: C
QUESTION 5
Dimension Priorities for Sales Journal entries are set as "2" for the Item table and "1" for the Customer table. What is the effect?
A.If the Dimension code has a value from the Customer Table and the Item Table, then the Customer table takes priority. B.If the Dimension code has a value from the Item Table and the Customer Table, then the Item Table takes priority. C.The program will resolve the conflict in favor of the last entered account. D.The Item Table always takes precedence.

Answer: A
QUESTION 6
What technique does Microsoft Dynamics NAV use to allow multiple users access to the database at the same time?
A.Database-version principle B.Database redundancy C.Read concurrency D.Read consistency
Answer: A

QUESTION 7
The primary balance sheet G/L Account associated with the Customer Posting Group is:
A.Accounts Receivable B.Revenue C.Accounts Payable D.Vendors


Answer: A
QUESTION 8
General Business Posting Groups are: Choose the 2 that apply.
A.Set up in the Financial Management area B.Assigned to Vendor Cards C.Assigned to Item Cards D.Assigned to Resource Cards

Answer: AB
QUESTION 9
How are menus assigned to users?
A.While in the standard window, right-click the menu button of the menu that you want to assign, and then click Assign Users. B.While in the Navigation Pane Designer, right-click the menu button of the menu that you want to assign, and then click Properties. C.While in the standard window, right-click the menu button of the menu that you want to assign, and then click Assign. D.While in the Navigation Pane Designer, right-click the menu button of the menu that you want to assign, and then click Assign Users.
Answer: D
QUESTION 10
What field must equal zero before you can post a General Journal?
A.Balance B.Balance Account No. C.Total Balance D.Amount

Answer: C
QUESTION 11
Your client wants all posted customer entries to contain the SALES Department Code. You can achieve this by using which of the following?

A.Dimension Combinations B.Analysis Views C.Account Type Default Dimensions D.Default Dimension Priorities

Answer: C
QUESTION 12
What is the effect of using the Insert Conv. LCY Rndg. Lines function in journals?
A.The function replaces all currency amounts in the journal with LCY amounts. B.The function posts rounding differences to a currency residual account. C.The function inserts a foreign currency journal line that ensures that the journal is balanced both in foreign
currency and LCY. D.The function inserts an LCY journal line that ensures that the journal is balanced both in foreign currency and LCY.

Answer: D
QUESTION 13
Which dimension feature needs to be set up to prevent the posting of the "LARGE" Business Group dimension value with the "HOME" Customer Group dimension value?
A.Default dimension priorities B.Global Dimensions C.Value Posting Rules D.Dimension Combinations and Dimension Value Combinations

Answer: D
QUESTION 14
You are about to implement a new Microsoft Dynamics NAV installation by using the RIM Toolkit. The customer is a small furniture manufacturing company with two years in business. The company has not used an ERP system before, and legacy data is available in Microsoft Excel format. Which of the following overall RIM processes do you follow to achieve the fastest implementation?
A.Have the customer complete a "Furniture" setup questionnaire, create a new generic company, prepare data templates, and migrate legacy data by means of Excel files.

B.Create a new company based on the "Furniture" company type, prepare data templates, migrate legacy data by means of Excel files, and enter setup data.
C.Have the customer complete a "Furniture" setup questionnaire, create a new company based on the "Furniture" company type, import and apply questionnaire answers, prepare data templates, and migrate legacy data by means of XML.
D.Have the customer complete a "Furniture" setup questionnaire, create a new company based on the "Furniture" company type, import and apply questionnaire answers, prepare data templates, and migrate legacy data by means of Excel.

Answer: D
QUESTION 15
Which RIM Toolkit elements help to structure new data? Choose the 2 that apply.
A.Setup questionnaire B.Industry-specific setup data C.Data templates D.Data migration files

Answer: BC
QUESTION 16
If you choose the "Variable" Recurring Method on a Recurring Journal, which one of the following describes how Microsoft Dynamics NAV will process the journal?
A.The Amount field on the journal will be changed to zero after posting. B.The balance of the account you select will be automatically entered in the Amount field and will be changed to zero after posting. C.The Amount field on the journal will be changed to zero after posting, and a reversing entry will be posted the following day. D.The Amount field will remain the same after posting.

Answer: A
QUESTION 17
Your client wants the program to automatically assign a set of dimensions to every transaction posted for a specific customer. This is achieved by setting up:
A.Dimension Combinations B.Default Dimensions C.Dimension Value Combinations D.Shortcut Dimensions


Answer: B
QUESTION 18
For LCY Conversion Rounding to take place, the following accounts need to be set up in the Currency Card:
A.Realized Losses Account, Unrealized Losses Account B.Conv. LCY Rounding Debit Account, Max. VAT Difference Allowed C.Conv. LCY Rounding Debit Account, Conv. LCY Rounding Credit Account D.Conv. LCY Rounding Credit Account, Max. VAT Difference Allowed

Answer: C
QUESTION 19
What is the result of blocking a Dimension Code?
A.Prevents further posting using the Dimension code B.Prevents viewing of data with the Dimension code C.Prevents further posting to the Dimension code and restricts viewing of data containing that Dimension code D.Removes Dimension code data from the program
Answer: A
QUESTION 20
Choosing the "Limited" option in Dimension Combination Setup allows which of the following?
A.The Dimension combination is always allowed on entries. B.The Dimension combination is allowed in only certain circumstances. C.The Dimension combination is allowed in only certain circumstances, and the values are defined. D.The Dimension combination is allowed on every entry.
Answer: C
QUESTION 21
What can users create shortcuts to in the Navigation Pane? (Select all that apply) Choose the 3 that apply.

A.Forms and reports in the program B.Specific records in the database C.Tables D.Web sites

Answer: ABD
QUESTION 22
Which of the following statements are correct for budgets? Choose the 2 that apply.
A.You cannot modify budget entries. B.You can select which values to show as lines and which values to show as columns. C.The Copy G/L Budget function includes an adjustment factor. D.You cannot copy the budget to Excel.

Answer: BC
QUESTION 23
Which of the following is TRUE of closed VAT Entries?
A.Closed VAT Entries can be reopened at any time. B.It is not possible to see closed VAT entries in the VAT Statement Preview. C.It is not possible to make printed VAT statements from closed VAT entries. D.VAT Entries will only be closed if you post the VAT settlement.

Answer: D
QUESTION 24
To post VAT adjustment entries when payment discounts are granted, you must click the Adjust for Payment Disc. field in the General Ledger Setup window and:
A.Place a check mark in the Adjust for Payment Discount field on the cards for the customers for whom you want to enable the feature. B.Place a check mark in the Adjust for Payment Discount field in the VAT Posting Setup window for the combinations you want to adjust. C.Click the Pmt. Disc. Excl. VAT field in the General Ledger Setup window. D.Click the Unrealized VAT field in the General Ledger Setup window.


Answer: B
QUESTION 25
What criteria must be satisfied before you can post the bank reconciliation?
A.The Statement Ending Balance must equal the Total Balance field. B.The Statement Ending Balance must equal the Total Balance field and the Total Difference field must be 0. C.The Total Difference field must equal the sum of all reconciliation lines with the Type of "Difference." D.The Statement Ending Balance must equal the Total Balance field and the Total Difference field must equal
the sum of all reconciliation lines with the Type of "Difference."

Answer: D
QUESTION 26
Each department in a company prepares a department budget but not all departments have access to Microsoft Dynamics NAV. How can you create both the consolidated and department budgets in Microsoft Dynamics NAV?
A.The department budgets must be prepared in Excel and then imported into Microsoft Dynamics NAV. To import the budgets use the "Import from Excel" function and select the "Add entries" option. B.The department budgets must be prepared in Excel and then imported into Microsoft Dynamics NAV. To import the budgets use the "Import from Excel" function and select the "Replace entries" option. C.The consolidated budget and department budgets must be manually entered into the program. D.Each department must manually enter the department budget into the program. The manual entry must use each combination of the dimension values in the dimension filters.

Answer: A
QUESTION 27
The bank statement shows interest income of 1,000 made on the bank balance during the month. This amount is not recorded in the bank account ledger. To create the journal for the interest from the bank reconciliation, you can:
A.Enter the interest from the bank statement as a reconciliation line, and post the bank reconciliation. B.You cannot create the journal from the bank reconciliation. You must manually enter the interest in the General Journal. C.Enter a reconciliation line for the interest, and use the Trans. Bank Rec. To Gen.Jnl. Function to create a journal for the interest. D.Enter the interest amount in the Interest field, and post the bank reconciliation.


Answer: C
QUESTION 28
In order to suggest the lines for the Bank Reconciliation, what must you do?
A.Enter the Statement Date and the Statement Ending Balance and then use the Suggest Bank Acc. Recon. Lines function. B.Enter the Statement Date and the Statement Ending Balance. C.Enter the Statement Date and then use the Suggest Bank Acc. Recon. Lines function. D.Enter the Statement Ending Balance and then use the Suggest Bank Acc. Recon. Lines function.

Answer: A
QUESTION 29
You want to compare actual and budgeted amounts for a single G/L account over several time intervals. This information can be found in the:
A.G/L Balance/Budget window B.G/L Account Balance/Budget window C.G/L Balance window D.G/L Account Balance window

Answer: B
QUESTION 30
What is the Debit/Credit field on the Chart of Accounts Card used for?
A.To determine what type of transaction may be posted to the account. B.To establish the normal type of transactions posted to this account. C.To establish the normal account balance type for this account. D.To restrict users from using the account

Answer: B
QUESTION 31
You have posted a cash payment of 290 which appears incorrectly on the bank statement as 209. When completing the bank reconciliation, how can you record this difference?

A.Enter the bank statement amount in a reconciliation line with the Type of "Difference". B.Change the Balance Last Statement field by the amount of the difference. C.Enter the difference in the Total Difference field. D.Reverse the bank account ledger entry for 290 and post a new bank account ledger entry for 209.

Answer: A
QUESTION 32
Trail Codes are comprised of which of the following types? Choose the 2 that apply.
A.Chart of Accounts B.Source Codes C.Reason Codes D.Currency Codes

Answer: BC
QUESTION 33
In the General Ledger Setup window and the Currencies window, you define the maximum VAT difference allowed for LCY and each foreign currency. Do you need to do more before you can enter VAT manually in a purchase order document?
A.No B.Yes, you have to put a checkmark in the Allow VAT Difference field in the General Journal Batches window. C.Yes, you have to put a checkmark in the Allow VAT Difference field in the General Ledger Setup window. D.Yes, you have to put a check mark in the Allow VAT Difference field in the Purchases & Payables Setup
window.

Answer: D
QUESTION 34
In order to reverse Vendor Ledger Entries, the following must be true: Choose the 3 that apply.
A.The Vendor Ledger Entries must not already have been reversed. B.Vendor Ledger Entries must be applied. C.The total amount of G/L Entries must equal zero. D.Only entries with the Journal Batch Name field filled in can be reversed.


Answer: ACD
QUESTION 35
You are about to post payment of a vendor's invoice, two days past the payment discount date. Your vendor has agreed to still give you the discount. What must you do to have Microsoft Dynamics NAV accept the discounted amount when you post the payment?
A.Enter "2" in the Due Date Calculation field of the relevant reminder level. B.Modify the Discount Date Calculation field on the payment terms code. C.Modify the Pmt. Discount Date field on the vendor ledger entry. D.Modify the Due Date field on the vendor ledger entry.

Answer: C
QUESTION 36
You have set up a bank account with the USD currency code. What rules apply in relation to vendor payments made from this bank account?
A.Payment lines with any currency code, including LCY, will post. B.Only payment lines with a currency code of either USD or LCY will post. C.Only payment lines with a currency code of USD will post. D.Only LCY payment lines will post.

Answer: C
QUESTION 37
In addition to summarizing per Vendor, you can also select what other option in the Suggest Vendor Payment window?
A.Summarize per Payment B.Summarize per Dimension C.Summarize per Bank Account Posting Group D.Summarize per Vendor Posting Group

Answer: B
QUESTION 38
There are several Balancing fields that are available to track the application at the bottom of the Apply Vendor Entries window. Mark the fields that are balancing fields. Choose the 3 that apply.

A.Appln. Currency B.Amount to Apply C.Available Amount D.Invoice Discount

Answer: ABC
QUESTION 39
You want to make a single cash payment to each vendor netting all outstanding invoices and credit memos. What is the easiest way to do this?
A.Place a check mark in the Summarize per Vendor field when using the Suggest Vendor Payments function. B.For each vendor, manually enter a line in the Payment journal and apply the journal line to all outstanding
entries. C.Invoices must be paid and credit memos must be refunded separately in the program. D.Place a check mark in the Net Amounts field when using the Suggest Vendor Payments function.

Answer: A
QUESTION 40
In regard to applying entries after posting, which of the following statements is TRUE?
A.If you select a payment or refund as the applying entry, the program will not include payment discount information when calculating the payment or refund amount. B.You can post the application without specifying an Applying Entry. C.If the application does not balance, the journal will not post. D.It is strongly recommended that you only include one entry with Document Type = Payment or Refund when you apply already-posted entries.

Answer: D
QUESTION 41
A level 1 reminder containing an additional fee of USD 7.50 is issued to a customer attached to the FOREIGN reminder term but no customer ledger entry containing the fee is created. What is the reason for this?
A.The Post Additional Fee field in the Reminder Terms window does not contain a check mark. B.The Post Interest field in the Reminder Terms window does not contain a check mark. C.The Reminder Terms Code field on the customer card has not been filled in.

D.The Blocked field on the customer card is not empty.

Answer: A
QUESTION 42
Entering the payment amount in the Payment Journal window before applying the entries in the Apply Vendor Entries window enables the program to calculate and warn you about the possibility of which of the following? Choose the 2 that apply.
A.Payment Discounts B.Discount Percentages C.Payment Tolerance D.Payment Discount Tolerance

Answer: CD
QUESTION 43
A customer has several invoices and credit memos so that the customer's balance is now negative. You have entered a Cash Receipt Journal and applied all the credit memos and invoices. What else must occur so that when you post the journal it will bring the customer balance to 0. Choose the 3 that apply.
A.The Amount field must be positive in the Cash Receipt Journal window. B.The Amount field must be negative in the Cash Receipt Journal window. C.The Document Type must be Refund in the Cash Receipt Journal window. D.The total amount for the applied credit memos must be larger than the total applied invoice amounts.

Answer: ACD
QUESTION 44
You have posted a sales invoice with a Payment Method Code that has a balancing account. What is the effect on the customer ledger entries?
A.Only an invoice customer ledger entry is posted. B.Only a payment customer ledger entry is posted. C.An invoice customer ledger entry and a payment customer ledger entry are posted. The payment is fully
applied to the invoice entry, closing both entries. D.An invoice customer ledger entry and a payment customer ledger entry are posted. You must manually apply the entries to each other.


Answer: C
QUESTION 45
Which of the following are available interest calculation methods for finance charge terms? Choose the 2 that apply.
A.Average Daily Balance B.Grace Period C.Balance Due D.Beginning Balance

Answer: AC
QUESTION 46
In the Apply Customer Entries window, which of the tabs must contain an entry so that you are allowed to post?
A.Options B.Payment C.General D.Application

Answer: C
QUESTION 47
The Original Pmt. Disc. Possible field is calculated using the Payment Discount % field on the Purchase Header if the Vendor Ledger Entry is created by posting what? Choose the 2 that apply.
A.Purchase Invoice B.Purchase Journal C.Purchase Order D.Payment Journal

Answer: AC
QUESTION 48
Your client has posted an application of an invoice entry and a payment entry. A payment discount was possible but was not calculated by the program when the entries were applied. What is the most likely reason for the payment discount being ignored?

A.The Allow Payment Discounts field in the Sales & Receivables Setup is empty. B.The client selected the Invoice entry as the Applying entry instead of the Payment entry. C.The Allow Payment Discounts field on the customer card is empty. D.Payment discounts are only calculated when you post the payment entry.

Answer: B
QUESTION 49
What setup is recommended to process cash sales in the program?
A.You must set up a Payment Method Code with a balancing account and post sales journals or documents using that code. B.You must set up a Payment Terms Code of CASH and post cash sales journals or documents using that code. C.You must place a check mark in the Cash Payment field in the sales journals or documents. D.You must set up a Payment Method Code of CASH and post cash sales journals or documents using that code.

Answer: A
QUESTION 50
It is possible to unapply Customer Ledger Entries from which of the following windows? Choose the 2 that apply.
A.Customer Ledger Entries B.Apply Customer Entries C.Detailed Cust. Ledger Entries D.Applied Customer Entries
Answer: AC
QUESTION 51
It is possible to unapply Vendor Ledger Entries from which forms? Choose the 2 that apply.
A.Vendor Ledger Entries B.Detailed Vendor Ledger Entries C.Apply Vendor Entries D.Applied Vendor Entries


Answer: AB
QUESTION 52
Which of the following statements is TRUE with regard to the interest period for finance charge terms (that is, the period that relates to the interest rate percentage)?
A.You can only select a period of 30 days or 360 days. B.The period is fixed at 30 days. C.The period is fixed at 360 days. D.You can enter any number of days.

Answer: D
QUESTION 53
To reverse a Customer Ledger Entry, all of the following statements are true except:
A.The Customer Ledger Entry must not be applied. B.The total amount of G/L Entries must equal zero. C.Only entries with the Journal Batch Name filled in can be reversed. D.Bank Ledger Entries must be closed by reconciliation.

Answer: D
QUESTION 54
In a cash receipt journal, you have entered a payment of EUR -25,000.00. You now want to apply this payment to two customer ledger entries of EUR 15,000.00 and USD 9,000.00. Which option must you select in the Appln. between Currencies field in the Sales & Receivables Setup window to be able to apply these entries?
A. None
B. EMU
C. EUR
D. All

Answer: D
QUESTION 55
If you want to post rounding differences when you apply entries in different currencies, what can you set for each currency in the corresponding field in the Currency window?

A.Unit-Amount Rounding Precision B.Invoice Rounding Precision C.Amount Rounding Precision D.Appln. Rounding Precision

Answer: D
QUESTION 56
When applying a payment to an outstanding invoice after both items have been posted, you must go into the customer ledger entries and use the "Functions," "Apply Entries" function. When you select the function "Post Application," what date does the system use as a default for the posting date of the entries?
A.Today's system date B.The Work date entered under Tools, Work date C.The Invoice date of the outstanding posted sales invoice D.The Posting Date of the latest entry in the application

Answer: D
QUESTION 57
London Postmasters has limited funds available for paying its vendors, therefore; on each vendor card, the company has entered a number from 1 to 3 in the "Priority" field. What have they specified?
A.The relative importance of a vendor B.That a vendor must always be paid in cash C.That a vendor is the primary supplier of certain items D.The sorting order for the Suggest Vendor Payments batch job

Answer: D
QUESTION 58
You have inserted a check mark in the "Calculate Interest" field for the reminder terms code REMINT. What else do you need to do to make sure the program calculates interest on reminders?
A.Insert a check mark in the "Post Interest" field in the Reminder Terms window. B.Enter a valid finance charge terms code on the cards for customers that are attached to the REMINT code. C.Make sure that the "Grace Period" field on the reminder level contains a date formula that equals the interest

period. D.Make sure that customers attached to the REMINT code have a payment terms code that does not include payment discount.

Answer: B
QUESTION 59
In using Vendor Priority, the Suggest Vendor Payments batch job applies the following rules to determine which invoices to suggest: Choose the 2 that apply.
A.Only vendor entries that can be paid fully are suggested. B.All Priority 1 vendor entries that can be fully paid within the Available Amount (LCY) are suggested first. C.If no priority 1 vendors have documents that can be fully paid, the batch job will not suggest any payments at
all. D.Any vendor entries that are due within the specified time period are suggested.

Answer: AB
QUESTION 60
When you run the Adjust Exchange Rate batch job, which of the three date fields on the Options tab of the batch job request form is used to select the Currency Exchange Rates entry to be used in the update?
A.Starting Date B.Ending Date C.Posting Date D.None of the above. The Work Date is used.

Answer: B
QUESTION 61
Cronus International is a subsidiary of a Canadian Company. The company wants to automatically record amounts in both U.S. dollars and Canadian dollars. What happens when Cronus International enters a Currency Code in the Additional Reporting Currency and runs the Adjust Add. Reporting Currency batch job?
A.The process inserts the Additional Reporting Currency Code in the Currency Code field on all G/L accounts. B.The process modifies the Amount field on all G/L entries to show the current value in the additional reporting
currency amount field. C.The process sets the option in the Exchange Rate Adjustment field on G/L accounts to Adjust Amounts. D.The process fills in the Additional-Currency Amount field on all G/L entries with the value in the Amount field converted to the additional reporting currency.


Answer: D
QUESTION 62
The Adjust Exchange Rates batch job is used to:
A.Update the LCY Balances on Customer, Vendor, and Bank Account ledger entries that contain a Currency Code. B.Adjust the Exchange Rates in the Currency Exchange Rates window. C.Update the Consolidation Currency Exchange Rate field on the Business Unit screen. D.Insert new Daily Exchange Rates for all Currencies.

Answer: A
QUESTION 63
The Adjust Exchange Rates batch job posts the exchange adjustments related to customer and vendor ledger entries to which G/L accounts?
A.Realized Gains and Realized Losses B.Unrealized Gains and Unrealized Losses C.Residual Gains and Residual Losses D.Realized G/L Gains and Realized G/L Losses

Answer: B
QUESTION 64
The number of G/L Accounts that you can specify in the Currency window in relation to the Additional Reporting Currency is:
A.Two (2) B.Four (4) C.Six (6) D.As many as you choose
Answer: B
QUESTION 65

The Adjust Exchange Rates process will not update which of the following records?
A.Vendor Account B.Bank Account C.Item Sales Price D.Customer Account

Answer: C
QUESTION 66
When setting up additional reporting currency, you need to specify the exchange rate adjustment method for:
A.G/L Accounts only B.VAT Entries only C.Customer and Vendor Ledger Entries D.G/L Accounts and VAT Entries

Answer: D
QUESTION 67
When you activate the additional reporting currency and convert the existing G/L entries to additional reporting currency (ACY), what exchange rate or rates are used?
A.Each entry is converted using the LCY to ACY exchange rate that exists at the posting date of the entry. B.All entries are converted using the LCY to ACY exchange rate that exists at the posting date of the latest
entry. C.All entries are converted using the LCY to ACY exchange rate that exists at the work date. D.All entries are converted using the LCY to ACY exchange rate that exists at the posting date of the oldest
entry.

Answer: C
QUESTION 68
The Adjust Exchange Rates batch job posts the exchange adjustments related to bank account ledger entries to which accounts?
A.Residual Gains and Residual Losses B.Unrealized Gains and Unrealized Losses C.Realized Gains and Realized Losses D.Realized G/L Gains and Realized G/L Losses


Answer: C
QUESTION 69
The adjustment exchange rate used by the Adjust Exchange Rates batch job is determined by comparing the:
A.Ending Date in the Adjust Exchange Rates batch job with the Starting Date in the Currency Exchange Rates window. B.Starting Date in the Adjust Exchange Rates batch job with the Starting Date in the Currency Exchange Rates window. C.Starting Date in the Adjust Exchange Rates batch job with the work date. D.Ending Date in the Adjust Exchange Rates batch job with the work date.

Answer: A
QUESTION 70
You are creating an account schedule column that displays the net change in account balances for the fiscal year in which the account schedule period ends. In the Column Layout, you select a Column Type of:
A.Entire Fiscal Year B.Balance C.Rest of Fiscal Year D.Beginning Balance
Answer: A
QUESTION 71
Which of the following is TRUE in relation to account schedules that do not have an analysis view assigned?
A.The amounts in the Account Schedule Overview form are based on analysis view entries. B.You cannot filter by dimensions in the account schedule rows. C.The Dimension Totaling fields in the account schedule rows are based on the shortcut dimensions. D.The first two Dimension Totaling fields in the account schedule rows are the global dimensions.
Answer: D
QUESTION 72

What is the purpose of printing the Closing Trial Balance report?
A.To close the income statement accounts. B.To print a list of only those entries posted with closing dates. C.To provide the basis for the accountant's preparation of the annual accounts. D.To close the accounting periods in the current fiscal year.

Answer: C
QUESTION 73
When using the date compression option in the analysis view card, the Posting Date for the compressed entries will be the:
A.First date of the compressed period. B.Posting date of the last entry compressed. C.Posting date of the first entry compressed. D.Ending date of the compressed period.

Answer: A
QUESTION 74
If you want to see the dimensions assigned to the entries in a specific G/L account, you must use the:
A.Analysis by Dimensions window B.Account Schedule Overview window C.Budget window D.G/L Entries Dimension Overview window
Answer: D
QUESTION 75
One of the consequences of closing a fiscal year is that you:
A.Cannot post more entries in that year. B.Cannot reopen the year. C.Close the Income Statement at the same time. D.Compress all G/L entries for that year.
Answer: B QUESTION 76

What information is entered in the Totaling field of a row in an Account Schedule if the Totaling Type field has the "Total Accounts" option selected?
A.The Type of Accounts from the G/L Chart of Accounts. B.The YTD total for the Account. C.The G/L Account Number for an End Total or Total Account. D.The Net Change total for the Account.

Answer: C
QUESTION 77
Which of the following statements is TRUE for the way the Close Income Statement batch job works with an additional reporting currency?
A.The batch job posts closing entries directly to the general ledger and not to a journal batch. B.The batch job creates closing entries in a journal batch that must then be manually posted. C.The Close Income Statement batch job can only be used if you operate in an additional reporting currency. D.The Close Income Statement batch job cannot be used if you operate in an additional reporting currency.

Answer: A
QUESTION 78
Which of the following statements is TRUE for the Trial Balance report?
A.The report lists G/L accounts and shows debit and credit net change and balance for each account. B.The report lists G/L accounts for which the account type is Posting and shows the net change and balance
for each account. C.The report shows the net change and balance as well as the ledger entries for all G/L accounts. D.The report shows the net change and balance as well as the ledger entries for G/L accounts for which the
account type is Posting.

Answer: A
QUESTION 79
You want to create a column to show the same information for the previous accounting period for comparison with the accounting period specified in the account schedule Date Filter. To achieve this, you:

A.Enter "-1M" in the Comparison Period Formula field in the Column Layout. B.Enter "+1M" in the Comparison Date Formula field in the Column Layout. C.Enter "-1P" in the Comparison Period Formula field in the Column Layout. D.Enter "-1P" in the Comparison Date Formula in the Column Layout.

Answer: C
QUESTION 80
What can users create shortcuts to in the Navigation Pane? (Select all that apply) Choose the 3 that apply.
A.Forms and reports in the program B.Specific records in the database C.Tables D.Web sites

Answer: ABD
QUESTION 81
If Automatic Cost Posting is activated in Inventory Setup, what G/L Account from the General Posting Setup must be set up for the feature to work?
A.Inventory Adjustment Account B.Sales Account C.Cost of Goods Sold Account D.Purchases Account
Answer: C