Online Access Free C_TB1200_07 Exam Questions

Which statements are correct regarding distribution rules?

• A.Any part of the total value that is not apportioned goes to the general cost center.
• B.When a profit center is created, a distribution rule is automatically generated for 100% allocation.
• C.The total of apportioned values in a distribution rule must always be 100.
• D.The total of apportioned values in a distribution rule must always be equal to the overall total value.

Lisa from World Express wants to display all open purchase orders for a specific vendor. What should she do?

• A.Access the business partner master of the vendor. From there, navigate to the items list of the vendor and display all open items.
• B.Click the Drag Relate tab, open the business partners list, select the vendor, and drag the vendor code to the 'Purchase Order' and use the filter to show just open purchase orders.
• C.Call up the Open Items List report and choose 'Open Purchase Orders'. Sort the list by vendor to display all purchase orders for a particular vendor.
• D.Run the sales analysis. Select a salesperson and flag the annual report checkbox.

The company purchases its raw material from vendors overseas. They receive the A/P invoices in the vendor's original currency. The payment is done via bank transfer using a foreign bank account. Can the system track the currency exchange rate difference between the A/P invoice and the Payment?

• A.The user must use the Exchange Rate Differences utility in order to record such differences.
• B.The system tracks the exchange rate differences only for the system currency during the creation of the payment.
• C.The user must use the conversion differences utility in order to record such differences.
• D.The system tracks the exchange rate differences during the creation of each payment and posts the difference to the Exchange Rate Differences account.

Keiko wants to post an expense for 150 so that 100 is deducted in this fiscal year and 50 is deferred as an expense in the next fiscal year. How can she do this?

• A.Post the full expense for 150, then post a journal entry for 50 with a reversal date for next year.
• B.Post the deferred portion of the expenses for 100, then post a journal entry for 50 with a reversal date for next year.
• C.Post the deferred portion of the expenses for 50, then post a journal entry for 100 with a reversal date for next year.
• D.Post the full expense for 150, then post a journal entry for 100 with a reversal date for next year.

Mary is conducting a month-end closing and needs to post accrued expenses. She needs to reverse the transaction next month when the actual expenses will be recorded. What is the best way to do this?

• A.In the journal entry, select the Adjustment Transaction check box. Then use the transaction report and use Cancel from the Data menu to reverse the transaction when needed.
• B.Select the Reverse check box on the journal entry and enter the date for reversing the transaction. Mary will receive a prompt on the reversal date and can post the reversal.
• C.Assign a Transaction Code to each journal entry that requires reversal. The system will prompt Mary with the appropriate reversals at login.
• D.Using a User-Defined Field in the journal entry header, Mary defines the reversal date and a link to a User Alert to serve as a reminder to the reversal.