1Z0-549 Online Practice Questions and Answers

You were asked to assist a Technical developer who is modifying a standard online inquiry In EnterprtseOne. The developer wants to understand how the Cumulative Prior Year End balance is calculated.

Which statement is TRUE of the Cumulative Prior Year End balances for Income Statement accounts when you view online?

A. The Cumulative Prior Year End balances shows posted and non-posted balances for the prior year end.

B. The Cumulative Prior Year End balances show the same type of balances that the balance sheet does.

C. The Cumulative Prior Year End balances include the Net Posting amounts for the prior year end.

D. The Cumulative Prior Year End balances do not include the Net Posting amount for the prior year end.

E. The Cumulative Prior Year End balances include the Net Posting amounts for only domestic entries for the prior year end.

You have created a Deduction record. What occurs in the system when you post the batch?

A. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of DB.

B. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of I.

C. The open amount of the invoice is reduced by amount of the deduction, and the system assigns a pay status of H to the invoice.

D. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of RB.

E. The system creates records in the Deduction Management table.

You have created a Deduction record. What occurs in the system when you enter a deduction?

A. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of IB.

B. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of D.

C. The open amount of the invoice is reduced by the amount of the deduction and the system assigns a pay status of H to the invoice.

D. The system creates an R5 document for the amount of the deduction and generates an unposted batch type of RB.

E. The system creates an R5 document for the amount of the deduction and stores it in the deduction Management Table F03B40.

Which two statements are TRUE about Environments?

A. An Environment can have a unique set of Data and share its Objects with another Environment.

B. An Environment always has a unique set of Objects and Data.

C. A user has to log in to JDE through an Environment.

D. The Environment can be selected or changed by the user after logging in to JDE.

E. An Environment always shares its Objects and Data with another Environment.

The system identifies fixed asset journal entries based on the fixed asset range of accounts that you set up in the automatic accounting instructions (AAIs). You can generate fixed asset journal entries through any EnterpriseOne system that creates entries in the 6/L transaction table Account Ledger (FQ911). Which one of the following is NOT the type of Account that falls within the FX range of the AAIs?

A. Accumulated Depreciation Accounts

B. Operating Expense Accounts

C. Asset Cost Accounts

D. Asset Disposal Accounts

E. Trade Accounts

Your client needs to make changes to vouchers. Which four actions can be performed with Speed Status Change?

A. Split a voucher for payment to different payees.

B. Change the bank account on existing vouchers.

C. Increase the discount amount on a group of vouchers.

D. Change a group of vouchers to allow payment by electronic funds transfer.

E. Release a group of vouchers m preparation for payment.

Your client wants the system to calculate discounts on the gross amount of a voucher plus tax. In which of the following programs can the client set up the system to calculate discounts in this manner?

A. Tax Rules by Company

B. Supplier Master

C. Tax Codes

D. Processing Options for Voucher Entry

E. A/P Constants

You are going through the month end close process. How should you correct missing batch header records?

A. On the Batch Header Revision form, add the batch header record again.

B. Use the Universal Table Browser to add missing batch header records.

C. Repost the batch to reattach the batch header record.

D. Run the global batch program to assign batch header records to detail records.

E. On the General Journal Review form, type the batch header record into the grid

Your client indicated that the standard delivered report does not meet their business requirement. You recommend that they create a new report using the Financial Report Writer.

Which four statements are TRUE regarding the Financial Report Writer?

A. A Journal entry can be automatically created in the Financial Report Writer.

B. The level of detail roll up can be defined in the processing option.

C. Smart fields are used to calculate Period Activity and Account Balance.

D. The interim subtotal can be defined in the FSxx AAI item.

E. You can define a maximum of 12 printing columns.

Your client wants you to help them define their business units. Which statement is TRUE regarding business units?

A. Business units coded with a 'BS1 in the Business Unit type field cannot be used for income statement accounts.

B. Business units do not allow category codes.

C. Business units are duplicated in each company.

D. Business units are the lowest organizational reporting level for your company.

E. Business units do not allow level of detail.