Question 1

Which statement accurately describes how you create a tax reporting unit?

Options :

A : When you identify a legal entity as a payroll statutory unit, the application transfers the legal reporting units that are associated with that legal entity to HCM as tax reporting units.

B : If you identify a legal entity as a payroll statutory unit, you will have the option to identify the payroll statutory unit as a tax reporting unit.

C : You can identify a legal entity as a tax reporting unit.

D : When you identify a legal entity as a legal employer, the application transfers the legal reporting units that are associated with that legal employer to HCM as tax reporting units.

Answer: A

Question 2

What three options should be considered while defining a costing key flexfield structure? (Choose three.)

Options :

A : Value sets for the segments

B : Cost hierarchy levels enabled to populate each cost account segment

C : segments required for the offset account

D : GL Accounting key flexfield structure

Answer: A,B,C

Question 3

Your company wants to pay its employees from company bank account A and their third parties from company bank account B. What is the recommended approach for this?

Options :

A : Create two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments.

B : Write a formula to select the correct bank account for employees and third parties.

C : Ensure you run the prepayments process separately for your employees and your third parties.

D : Create one organization payment method with two payment sources and configure the usage for each payment source within the payment method rules table.

Answer: D

Question 4

Which legislative data group (LDG) description is incorrect?

Options :

A : An LDG can contain many legal entities that act as payroll statutory units.

B : An LDG can be associated to multiple cost allocation key flexfield structures.

C : An LDG marks a legislation in which payroll is processed.

D : An LDG is associated with a legislative code and currency.

Answer: B

Question 5

Your customers requirement is to pay employees within each of their three business units from a different bank account. Which three setup steps should you complete? (Choose three.)

Options :

A : Create three organization payment methods each with a different payment source

B : Create a Default Payer Element with a Payment Criteria input value

C : Write a formula to retrieve the employees business unit details

D : Create one organization payment method with three payment sources and define three payment method rules based on each business unit

Answer: A,C,D

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