Question 1

Which depreciation methods are pre-configured with the Fixed Asset Module? (Choose two.)

Options :

A : Tax Reducing Method

B : 10% Reducing Balance

C : 300DB

D : 200DB

E : Sum of Years Digits

Answer: C,D

Question 2

One item on a Return Authorization is damaged and will not be added back into Inventory.Which Accounting PReference: needs to be enabled to process the Return Authorization?

Options :

A : Write-Off Account for Returns

B : Enforce Minimum Quantity on Return Authorizations

C : Credit in Advance of Vendor Return

D : Allow Overage on Item Receipts

Answer: A

Question 3

Identify the steps for valuing an inventory item using the Standard Cost Costing method?

1. Rollup Standard Costs.

2. Enter Standard Cost at sublist level.

3. Revalue inventory and update Standard Costs.

Options :

A :

2, 3, 1

B : 3, 1, 2

C : 1, 3, 2

D : 2, 1, 3

Answer: D

Question 4

Using the Inbound Shipment Management feature, what related transaction or transactions recognize inventory?

Options :

A : Ownership Transfer

B : Vendor Bill

C : Inbound Shipment

D : Purchase Order

Answer: B

Question 5

Which Standard Reports contain columns with Alternate Ranges? (Choose two.)

Options :

A : Transaction Detail

B : Budget vs. Actua

C : Comparative Income Statement

D : Comparative Balance Sheet

E : Comparative Trial Balance

Answer: C,D

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