Question 31

A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be recognized in the general ledger twice a month with an employee's pay. Transactions for new employees must be recognized in the general ledger based upon the employee's first pay date.
You need to configure accrual schemes for the new fiscal year.
Which two configurations should you use? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
  • Question 32

    You are the purchase manager of an organization. You purchase a laptop for your office for $2,000. You plan to create a purchase order and acquire the new fixed asset through the purchase order at time of invoicing.
    You set up the system as follows: Fixed assets are automatically created during product receipt or vendor invoice posting and the capitalization threshold for the computers group (COMP) is set to $1,600.
    You need to automatically create a fixed asset record when you post an acquisition transaction for the asset after you post the invoice.
    How should you configure the fixed asset parameters to meet the criteria? To answer, select the appropriate option in the answer area.
    NOTE: Each correct selection is worth one point.

    Question 33

    You are creating a budget for an organization.
    The organization requires that allocations be performed automatically as part of budget planning.
    You need to invoke allocations at a specific budget planning stage.
    Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

    Question 34

    A company makes frequent payments to its vendors by using various due dates and discounts.
    You need to set up and create a vendor payment by using a payment proposal.
    In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

    Question 35

    You need to configure system functionality for pickle type reporting.
    What should you use?
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