Question 1

What is the purpose of Consolidated Exchange Rates? (Choose two.)

Options :

A : Consolidated Exchange Rates are used to set up Balance Sheet Accounts.

B : Consolidated Exchange Rates ensure that currency amounts translate properly from child to parent subsidiaries.

C : Consolidated Exchange Rates are used for reporting purposes.

D : Consolidated Exchange Rates are used only when setting up transaction currencies.

E : Consolidated Exchange Rates are used for currency conversion.

Answer: B,C

Question 2

Which statement is true about Drop Ship and Special Order items?

Options :

A : Can be used for Non-Inventory items for Resale and Inventory items.

B : Items can be marked as both Drop Ship and Special Order,

C : Vendor ships items to customer’s address.

D : Impact Asset and Cost of Goods Sold (COGS) accounts upon item receipt and fulfillment.

Answer: A

Question 3

What checkbox must be cleared to import mid-life asset records?

Options :

A : Write-down using Depreciation Account

B : Allow Asset Value Editing

C : Run Server Scripts on CSV Import

D : Allow Future-dated Depreciation

Answer: C

Question 4

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

Question 5

A company would like to add the same disclaimer message that prints in the footer of its PDF Invoices. Which action should the Administrator take?

Options :

A : Edit the custom Invoice form and enter the message in the Disclaimer field.

B : Enter the disclaimer message in the Sales Form Memo field.

C : Edit the custom Invoice form and change the Printing Type to Advanced.

D : Create a custom Disclaimer field on the customized Invoice form and enter the message.

Answer: C

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