JD Edwards EnterpriseOne Financial Management 9.0 Essentials (1Z0-522) Free Practice Test

Question 1

You were asked to create an allocation of all advertising expenses to all marketing departments based on each individual marketing department's sales revenue. Assuming that the advertising expense object accounts and sales revenue object accounts are within one specified range, how will you most efficiently accomplish this allocation?

A. Use the Recurring Journal Entry

B. Use a Variable Model

C. Use the Variable Numerator Allocation

D. Use the Indexed Allocation

E. Use a Model Journal Entry

Correct Answer: C

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Question 2

Your client wants to utilize the subledger field to track costs in their general ledger. In what way do transactions with subledgers differ from transactions without subledgers?

A. Transactions with subledgers create additional records in the Account. Balance table when the posting edit code is set to do so.

B. Subledger transactions post to different object accounts rather than the same accounts.

C. Subledger transactions create additional records in the Account Master table.

D. Transactions with subledger always create additional records in the Account Balance table.

E. Subledger accounts are always a permanent part of your chart of accounts.

Correct Answer: D

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Question 3

Your client would like view Periodic Stats by customer. Which screen do you use to select Periodic Information from Row Menu?

A. Standard Receipt Entry

B. Customer Master Information

C. Speed Status Change

D. Account Balance Inquiry

E. Account Statistic History

Correct Answer: B

Question 4

Your client is using the Credit Hold process orders from Credit Hold?

A. Speed Status Change P03B114

B. Order Hold Information P42090

C. Standard Invoice Entry P03B2002

D. Release Held Orders P43070

E. Check Credit P42050

Correct Answer: D

Question 5

You have created a Deduction record. What occurs in the system when you enter a deduction?

A. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of RB.

B. The system creates an R5 document for the amount of the deduction and stores it in the deduction Management Table F03B40.

C. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of D.

D. The open amount of the invoice is reduced by the amount of the deduction and the system assigns a pay status of H to the invoice.

E. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of IB.

Correct Answer: D

Question 6

Your client ran the Batch to Detail & Out of Balance" [R007031] integrity report and requires assistance In interpreting the report.
What two processes does the Batch to Detail & Out of Balance integrity perform?

A. Lists companies that are out of balance.

B. Updates the batch status of a batch header record to D if the detail records in the Accounts Receivable Ledger, Accounts Payable Ledger, and Account Ledger batches are posted, but the header record has an unposted status.

C. Ensures that the intercompany is in balance.

D. Deletes batch header records with no detail records.

Correct Answer: B,D

Question 7

Your financial implementation client lead needs assistance on understanding the Detail Method of Intercompany settlements. You explain that the Detail Method uses _______to track Intercompany settlements and the company associated with the first journal entry line acts as the _________ for the transaction.

A. Subsidiaries, hub company

B. Subledger, hub company

C. Subsidiaries, detail company

D. Subledgers, detail company

E. Subledgers, consolidation company

Correct Answer: B

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Question 8

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

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

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

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

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

Correct Answer: E

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Oracle JD Edwards EnterpriseOne Financial Management 9.0 Essentials (1Z0-522) Free Practice Test