1z0-517

1z0-517 practice questions, page 10 of 12, with answer review and explanations.

Question 46

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

  1. Natural accounts were defined as parent values.
  2. Natural accounts were defined to not allow posting.
  3. Natural accounts were defined with an incorrect account type.
  4. Natural accounts were defined to store both statistical and monetary values.

Question 47

Identify the three reports that can be processed using the State Controller window. (Choose three.)

  1. Consolidation Audit
  2. Consolidations Journal
  3. Consolidation Financial
  4. Consolidation Exceptions
  5. Consolidation Balance Inquiry

Question 48

Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books. Its staff has called you to troubleshoot its process because the consolidation did not produce any data. Select two steps that you would perform to identify the error. (Choose two.)

  1. Review the workflow process.
  2. Evaluate the mapping settings.
  3. Review the GL_Interface tables.
  4. Confirm the account hierarchy setups.
  5. Run the period close by using a different amount type.

Question 49

ABC Company wants to compare consolidated actuals against consolidated budgeted amounts. Identify the two steps that must be performed to provide ABC Company with this information. (Choose two.)

  1. Run the Trial Balance report.
  2. Execute an online budget inquiry.
  3. Execute an online account inquiry.
  4. Review the Account Analysis report.
  5. Run financial statement generator reports.

Question 50

Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.)

  1. Download Web ADI.
  2. Create the database link.
  3. Determine the data to be reported.
  4. Define attributes for rows and columns.
  5. Decide which rows and columns will make up the report.