JD Edwards EnterpriseOne 9 Financial Management Essentials Exam

Test your knowledge of JD Edwards EnterpriseOne Financial Management Essentials!

1. You have created a Deduction record. What occurs in the system when you post the batch?






2. Your client has asked that you set up the supplier payment terms. Assume they are using Standard Voucher Entry. What happens to the payment terms field in the header if payment terms are specified in the grid?






3. JD Edwards EnterpriseOne is known for providing a low TCO. What does TCO mean?





4. The repost program R099102, Is used to re-create balances based upon the F0911 transactions. The batch does which two of the following in update mode?






5. You were asked to assist in setting up the Automatic Accounting Instructions (AAI) for the financial system. Which statement is FALSE regarding AAI?






6. When you know a draft is paid, the draft is closed. On a draft, what does the pay status # indicate?







Your client wants to maintain and store other kinds of data in separate generic databases for Fixed Assets and Accounts Payable Suppliers. Which functional application would you suggest to your client?






8. Your client has asked you to supply them with aging reports. Which report should the client run to display detail aging in specific aging categories?






9. The Batch-program “Identify New Entries” does which two of the following?






10. Which three statements are true about customizing the, grid?






11. You can generate fixed asset journal entries through any EnterpriseOne system that creates entries in the G/L transaction table Account Ledger (F0911). Which of the following tables is updated when processing G/L transactions to the Fixed Assets table?






12. Your client wants the system to calculate discounts on the gross amount of a voucher plus tax. In which of the following programs can the client set up the system to calculate discounts in this manner?






13. You ran the application A/R Statistical History Update program (R03B16A). Which table does the system use to display information on the Account Statistical Summary Form?






14. When your client runs the Tax Summary Report (R0018P) for the first time and no data appears. You immediately check the Tax Table (F0018) and find it empty. Which of the following has not been set up?






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






16. Your client has asked that you run a Standard report with payment information for a given payment cycle. Which of the following would give you the desired information?






17. A sales order has been created and you need to update tables in the system. Which application updates the General Ledger table F0911?






18. Which of the following statements is TRUE about the fast path?






19. Your client wants to create an efficient way of distributing costs to various accounts and minimize manual data entry. One way of accomplishing this is to use model journal entries. Which statement best distinguishes a percent model journal entry from other model journal entries?






20. Which of the following statements is TRUE about processing options?






21. A client wants “Use Tax” to post to a separate account by tax rate area. Which of the following is the best way to set this up?







You would like to use standard Credit and Collection Manager functionality. What is the purpose of designating the Address Book number in addition to the name of the credit manager or collection manager in the required UDC table?






23. Describe the function of the Fiscal Date Pattern.





24. Your client decided to use the standard delivered financial reports Instead of creating a report using the Report Design Aid (RDA) tool. Which statement is TRUE regarding standard Financial Reports?






25. 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.






26. Your client wants help with the budget process. When you create budget pattern codes for each business year, you can:






27. While analyzing the transaction history for a supplier, you review the vouchered year to date amount In the Supplier Master record. Which of the following options describes the currency in which the system displays this amount?






28. Your client is going through a data cleansing exercise. They are trying to delete account records In the Account Master table that will not be needed in the future. You encountered records that cannot be deleted. Which tables contain records that cause the Inability to delete the desired accounts?






29. 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?






30. When the business unit, job or project is flagged as adjustment only, the following is true





31. Which three are elements of Asset Depreciation?






32. When are Fixed Asset entries posted to the General Ledger?





33. Your client requires that their A/P department not pay duplicate supplier Invoices. Which action will prevent users from entering duplicate invoice numbers?






Your client does not understand the purpose of integrity reports and asks you to explain why they should use them. Why might your client use integrity reports?






35. Your client wants you to help them define their business units. Which statement is TRUE regarding business units?






36. Which three of the following are considered Fixed Asset Depreciation Rule Components?






37. Your client submitted the Annual Close application to close their fiscal year. When you close a fiscal year, which AAI Items does the system use?







How can the currency code be specified for delinquency fees?






39. Your client wishes to run Calculate Withholdings Report In preparation for the payment process. For the Calculate Withholding program to select a voucher, what must the voucher’s pay status be?






40. The JD Edwards Enterprise One Financials Data Relationships available in release 9.0 will simplify master data entry and increase the accuracy of master data attributes, which in turn will Increase reporting accuracy. What are two applications/tables supported by Data Relationships?





41. You are going through the month end close process. How should you correct missing batch header records?






42. Your client needs to make changes to vouchers. Which four actions can be performed with Speed Status Change?






43. You are in a System Integration meeting and the client is concerned about the different type of records that are kept In the Business Unit Master table (F0006). Which types of records are NOT kept in the Business Unit Master table?






44. You are going through the month end close process. When you are posting, you receive a PACO message? What condition would cause this message?






45. Your client needs assistance in setting up allocations for the company. When you review allocation journal entries, the allocations review displays only batches with the batch type___; if you make changes to the batch, the system updates the___ ; and___ ; tables.






46. Your client is requesting that an error message be created when trying to void those Vouchers with Purchase Orders. Select two programs that would be controlled by processing options to disallow void of vouchers created with Purchase Orders.






47. Your client wants to use the fastest method to enter high-volume, simple voucher entries. What Voucher Entry would you recommend to your client to use?






48. Which two statements are TRUE about Environments?






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






50. Every financial transaction, regardless of activity or source, flows to _____





51. The system identifies fixed asset journal entries based on the fixed asset range of accounts that you set up in the automatic accounting instructions (AAIs). You can generate fixed asset journal entries through any EnterpriseOne system that creates entries in the G/L transaction table Account Ledger (F0911). Which one of the following is NOT the type of Account that falls within the FX range of the AAIs?







Your client has just installed EnterpriseOne as a typical installation. They want to group Address Book records by customer region and need you to create a new category code for the grouping. Which range should NOT be used?






53. When logging on to Enterprise One which two statements are TRUE?







By activating the Subledger Inactive Code on a Supplier Address Book record, which activity would not be allowed?






55. The Supplier Analysis report shows Year to Date information that is inaccurate. Why is this so?






56. Why do you use Integrity reports when going through the month end close process?






57. Your client is using Multi-Currency.: What designates an invoice as Foreign?






58. A customer needs a copy of a Non-Sales Related Invoice. Which program do you use to print a Chargeback invoice?






59. You have a clearing account that is out of balance and you elect to use the Debit/Credit Match program to assist in the reconciliation. Which four steps are required?






60. 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?





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