MB4-348 Exam
SL 6.5 Financials
- Exam Number/Code : MB4-348
- Exam Name : SL 6.5 Financials
- Questions and Answers : 248 Q&As
- Update Time: 2011-09-21
- Price:
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Microsoft Microsoft Business Solutions MB4-348 exam braindumps questions and answers
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Exam : Microsoft MB4-348
Title : SL 6.5 Financials
1. Which Allocation Method is used to allocate office supplies posted to an administrative account to each department based on the amount of office supply expense in each departmental subaccount?
A. Actual Period-to-Date
B. Ledger-Period-to-Date
C. Percent
D. Unit Ratio
Answer: A
2. Which is the greatest number of "Budget" type ledgers you can create in Solomon?
A. One.
B. Unlimited
C. Only two per fiscal year
D. Only one per fiscal year
Answer: B
3. General Ledger transaction and account history detail is being retained for one year. General Ledger was closed for the year in period 12-2005 and the Delete Detail option was checked. Which of the following functions may still be performed? Choose the 3 that apply.
A. Print a Trial Balance Report for period 01-2005.
B. Inquire on account balances for period 06-2005.
C. Enter a batch to post to period 12-2005.
D. Enter a batch to post to period 12-2003.
Answer: ABC
4. In Flexkey Definition, the "Validate" option for each segment is not checked and the "Valid Combos Required" option is not checked. Which will occur during maintenance and data entry? Choose the 2 that apply.
A. There will be limited account/subaccount combinations available for data entry.
B. When setting up new subaccounts, any value may be entered for any segment.
C. It will not be necessary to enter a subaccount during data entry.
D. All subaccounts entered during data entry will be accepted and automatically created in Subaccount Maintenance.
Answer: BD
5. Which batch status values will post during the Post Transactions process?
A. Unposted
B. Hold
C. Balanced
D. Posted
Answer: A
6. Which are proper procedures to correct a transaction batch that was released and posted to period 07-2005 instead of 08-2005? Choose the 2 that apply.
A. Delete the batch in the Journal Transactions screen.
B. Use Initialize Mode to edit and "re-post" the batch.
C. Enter a new batch to reverse the effect of the transactions in period 07-2005.
D. Enter a new batch with the appropriate transactions for period 08-2005.
Answer: CD
7. What determines the fiscal period for posting a transaction?
A. Current fiscal period value from the GL Setup screen
B. Transaction Date
C. Current business date
D. Period to Post in the data entry screen
Answer: D
8. In which periods will transactions update account balances when the Post Transactions process is run? Choose the 2 that apply.
A. Current period
B. Future periods
C. Prior periods
D. Only periods that have not had transactions posted yet.
Answer: AC
9. Which modules send data to General Ledger? Choose the 3 that apply.
A. Accounts Payable
B. Accounts Receivable
C. Cash Manager
D. FRx
Answer: ABC
10. Which of the following functions would save data entry time if a user inputs a similar journal entry each month?
A. Manual or Recurring batch
B. Consolidation batch
C. Allocation Group.
D. Adjustment batch
Answer: A
11. Which fiscal periods can be entered as the Period to Post in the Journal transactions screen? Choose the 3 that apply.
A. Any Future Period
B. Any period in the current fiscal year
C. Any prior period in any year.
D. Any prior period as far back as the General Ledger history retention settings.
Answer: ABD
12. What is the best report to use to verify that FRx financial statements balance to the General Ledger?
A. GL Edit Report
B. GL Batch Register Report
C. GL Transactions Report - Unposted format
D. Trial Balance
Answer: D
13. A company wishes to segment their subaccount as follows: 1. Company Segment, Location, 3. Department, 4. Event, 5. Region, 6. Project, 7. Sales Type. How is this accomplished?
A. Define the Subaccount as seven Segments in Flexkey Definition.
B. Recommend the company not use Solomon as the subaccount does not accommodate this scenario.
C. Recommend the client use three segments as seven is just too many.
D. Define one of the segments as part of the natural account and create a subaccount with six segments.
Answer: A
14. Which of the following functions can be accomplished in the General Ledger Closing screen? Choose the 3 that apply.
A. Close particular modules or all modules for the Period.
B. Close particular modules or all modules for the Year.
C. Delete detail for one or more modules.
D. Re-open a prior period so additional transactions can be entered.
Answer: ABC
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