Question 1

In Capital, which three statements are true when performing lease asset planning using the IFRS 16 and ASC 842 standards?

Options :

A : To determine if a lease asset is a low value asset, the value of the asset is calculated as Lease Payment multiplied by Payment Frequency.

B : If the calculated value of the asset is less than or equal to the Low Value Lease Amount, the asset is considered to be a low value lease asset.

C : Once assigned, you cannot override the Low Value Lease Amount for an asset.

D : Lessees are required to recognize assets or liabilities for leases of low value assets, such as tablets, personal computers, small items of office furniture, and telephones.

E : You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease asset.

Answer: B,C,E

Question 2

You want to allocate project expenses to one or more capital assets. Which two statements describe what you need to set up in Projects or Capital to share the data?

Options :

A : In Capital, under Expenses, select Integration from Projects.

B : In Projects, under Expenses, select Integration with Capital.

C : In Capital, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Project.

D : In Projects, on the Enable page, enable projects of type Capital.

Answer: B,D

Question 3

Which module should you enable first to track the utilization of employees in Projects?

Options :

A : Projects module before Financials module

B : Financials module before Projects module

C : Workforce module before Projects module

D : Projects module before Workforce module

Answer: C

Question 4

You want to include Named Assets in Capital. Which two tasks can you perform when enabling Named Assets?

Options :

A : Add the names of assets to plan at the detail level.

B : Specify the likely number of tangible and intangible assets that you want to add in a planning cycle.

C : Decrease the number of named assets after enabling Named Assets.

D : Increase the number of named assets after enabling Named Assets.

Answer: A,D

Question 5

You must assign a Planning user with a Cloud EPM predefined role that allows them to create and administer Planning or Planning Modules and service components. This role should also allow them to grant permissions to other users. Which of the following predefined role must you assign this Planning user?

Options :

A : System Administrator

B : Approvals Administrator

C : Identity Role Administrator

D : Service Administrator

Answer: D

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