Tag: technology

Questions Related to technology

FSG stands for
technology packaged enterprise solutions

  1. A. Financial Statement Guidelines

  2. B. Financial Statement generator

  3. C. Financial System Generator

  4. D. None of the above

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Correct Option: B

When you enter a journal, the journals in that batch should

technology packaged enterprise solutions

  1. A. Share the same currency

  2. B. Share the same period

  3. C. Share the same accounting date

  4. D. have different currency, accounting rate, period

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Correct Option: B

Foreign currency __________ is a process that restates the functional currency account balances into another currency.
technology packaged enterprise solutions

  1. A. Consolidation

  2. B. Revaluation

  3. C. Translation

  4. D. None of the above

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Correct Option: C

Automatic Intercompany Eliminations Program eliminates _____________
technology packaged enterprise solutions

  1. A. Intercompany balance

  2. B. Average daily balance

  3. C. Formula based balance

  4. D. None of the above

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Correct Option: A

Which report would be appropriate as part of financial month end close?
technology packaged enterprise solutions

  1. A. Trial Balance Detail

  2. B. Other Calendar Validation Report

  3. C. Currency - Daily conversion rates listing

  4. D. Chart of accounts - Segment listing

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Correct Option: A

__________is the central repository of accounting information
technology packaged enterprise solutions

  1. A. Accounts Payables

  2. B. Accounts Receivables

  3. C. General Ledger

  4. D. Oracle Treasury

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Correct Option: C

________is used to define an accounting year
technology packaged enterprise solutions

  1. A. Currency

  2. B. Calendar

  3. C. Chart of accounts

  4. D. None of the above

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Correct Option: B

__________provides a list of accounting flexfields you create to identify general ledger accounts
technology packaged enterprise solutions

  1. A. Currency

  2. B. Calendar

  3. C. Chart of accounts

  4. D. None of the above

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Correct Option: C

___________process reviews the foreign currency balance, reconverts the functional currency using the revaluation rate, creates a journal entry to adjust the functional balance to the reconverted amount
technology packaged enterprise solutions

  1. A. Consolidation

  2. B. Revaluation

  3. C. Translation

  4. D. None of the above

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Correct Option: B

Which of the following is not an accounting period status

technology packaged enterprise solutions

  1. A. Never Opened

  2. B. Future Enterable

  3. C. Open Period

  4. D. Partial open period

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Correct Option: D