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NEW QUESTION 35
When can you set the open item management indicator in a general ledger account? Note: There are 2 correct answers to this question.

• A. When an account is required for clearing
• B. When an account has a zero balance
• C. When an account is used as a reconciliation account
• D. When an account is set up as a cost element

Answer: A,B

NEW QUESTION 36
Accounts Payable & Accounts Receivable
Which parameter indicates that a line item can only be dunned with restrictions?

• A. Group key
• B. Dunning area
• C. Dunning block reason
• D. Dunning key

Answer: D

NEW QUESTION 37
Financial Closing
"You post a purchase order
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this question"

• A. Consulting services
• B. Insurance premiums
• C. Fixed Asset purchases
• D. Raw material purchases

Answer: C,D

NEW QUESTION 38
Financial Closing
"You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 different accounting principles.
How can you set this up in the system?"

• A. Define two valuation ares and two extension ledgers with relevant links to accounting principles.
• B. Define two valuation methods and assign the ledger groups to the new valuation method.
• C. Define two valuation ares and two accounting principles witth relevate links to ledgers.
• D. Define two valuation methods and assign the accounting principles to the new valuation methods.

Answer: D

NEW QUESTION 39
......