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| Section | Weight | Objectives |
|---|---|---|
| Budget to Report Process | 20% | - Transaction capture and processing - Period close procedures - Budgeting and forecasting - Financial reporting and analysis |
| Invoice to Cash Process | 20% | - Tax handling in AR - Overview of Invoice to Cash flow - Accounts Receivable transactions - Statements and collections - Receipts and applications |
| Procure to Payment Process | 20% | - Cash reconciliation - Invoices and payments - Accounts Payable taxes - Expenses and reimbursement - Overview of Procure to Payment flow |
| Asset Acquisition to Retirement Process | 20% | - Asset lifecycle overview - Transfers and reclassifications - Depreciation and adjustments - Acquisition and addition - Retirement and disposal |
| Accounting Transformation Process | 20% | - Reconciliation and period close - Subledger Accounting overview - Transaction accounting creation - Transfer to General Ledger |
1. Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)
A) Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
B) Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
C) Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
D) Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
2. Which three preferred delivery methods can you choose to send statements to your customers while defining customer profile classes? (Choose three.)
A) Fax
B) Email
C) WhatsApp
D) Print
E) SMS
3. Your organization has decided to use the automatic reconciliation feature to reconcile bank statement lines with system transactions. Which three components will be useful for the auto-matic reconciliation of bank statements with system transactions? (Choose three.)
A) Tolerance Rules
B) Transfer Rules
C) Parse Rule Set
D) Matching Rules
E) Transaction Grouping Rules
4. Which process involves the comparison of planned versus actual figures by designing re-ports with the help of state-of-the-art reporting tools? (Choose the best Answer.)
A) Invoice to Cash
B) Accounting Transformation
C) Procure to Pay
D) Budget to Report
5. Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)
A) Plans
B) Parties
C) Programs
D) Products
E) Processes
F) Places
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B,D | Question # 3 Answer: A,D,E | Question # 4 Answer: D | Question # 5 Answer: A,B,D,E,F |
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