Online Access Free 1Z0-522 Practice Test

You can enter journal entries that automatically reverse in the following accounting period. Which two possible G/L dates could the system assign to the reversing entry?

• A.The first day of the next accounting period
• B.The last day of the next accounting period
• C.The last day of the first week of the next accounting period
• D.The 15th day of the next accounting period
• E.The last day of the current accounting period

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

• A.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.
• B.The system creates an R5 document for the amount of the deduction and generates an unposted batch type of IB.
• C.The system creates an R5 document for the amount of the deduction and generates an unposted batch type of RB.
• D.The system creates an R5 document for the amount of the deduction and generates an unposted batch type of D.
• E.The system creates an R5 document for the amount of the deduction and stores it in the deduction Management Table F03B40.

You are going through the month end close process. When you are posting, you receive a PACO message?
What condition would cause this message?

• A.Entering a G/L date that is in the next period.
• B.Entering a G/L date that is not the last day of the month.
• C.Entering a G/L date that is at least two periods in the future.
• D.Entering a G/L date prior to the current period.
• E.Entering a G/L date that is in a prior fiscal year.

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 include the Net Posting amounts for the prior year end.
• B.The Cumulative Prior Year End balances include the Net Posting amounts for only domestic entries for the prior year end.
• C.The Cumulative Prior Year End balances show the same type of balances that the balance sheet does.
• 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 shows posted and non-posted balances for the prior year end.

You were asked to map the different category codes in the Address Book, Business Unit Master and Account Master. Which of the following statements is TRUE?

• A.All category codes validate against the F0008 table.
• B.There are 30 three-position category codes in the Business Unit Master table.
• C.There are 30 category codes in the Address Book, 50 codes in the Business. Unit Master and 43 category codes in the Account Master tables
• D.The first ten category codes in the Account Master table are shared between Accounts Payable and Accounts Receivable.
• E.Ail category code fields must have numeric values.