Chart of Accounts
How many balancing segments can you have in your COA?
Where would you find FSM?
Assets, Liabilities, Retained Earnings, Expenses, Revenue
What report can I run to see chart accounts of a ledger, the value sets, entity, and all values in a segment?
You wanted to be notified of anomalies in a certain account balances in real time. What is the most efficient way to do this?
Create an account group.
Cost Center, Natural Account, Intercompany, Entity, Location, Product, LOB
What are infolets?
An interactive box-shaped container used to display information using text and charts. Infolets are interactive and use progressive disclosure to display high-level, aggregated, essential information for quick consumption at a glance, and then can be acted upon as needed. Infolets can be flipped and resized to display up to three charts or sets of values.
From the homepage, name the steps to create a new manual journal?
Menu Bar > General Accounting > Journals > Task pane > Create Journal
How many types of ledgers can be configured?
3 - primary, secondary, reporting
Inquire on Detail Balances
Please explain cross validation rules
Controls the combinations of values you can create when you enter values for key flexfields. A cross-validation rule defines whether a value of a particular segment can be combined with specific values of other segments.
Where would you go if you wanted to see a job's status/output?
ESS/Scheduled Processes
You create a journal and realize it won't allow you to post it yet. What could be the reason?
Journal Approval Required
to enable journal approval rules, you have to enable it in the task 'Chart of Account Structures'
False.
this is enabled in Specify Ledger Options
Let's say a company bought a product from you, but hasn't paid you yet. What would you debit and credit?
Debit AR credit Sales/Revenue
Security within one segments of the COA to prevent users/levels accessing certain values
In what work-area would I go to see all the journals I just imported using ADFdi?
Journals Work Area
What fields are required (and not automatically inputted) in the header when uploading a journal through ADFDI?
Ledger, Accounting Date, Category
Your client wants 6 segments right now, but thinks they may want an additional segment later on. What should you do/is this possible?
Create Future1/Future2 segments
Which THREE are parameters when defining an AutoPost Criteria Set?
Chart of Account, Journal Source, Batch Nae, Accounting Period, Ledger Set,
What is the difference between the COA structure and the COA instance?
Structure is the "template" created while instance in the 'live' version inherits the structure but where you may override hierarchies, segment value security, etc.
Name 3 categories I could find in the general accounting dashboard?
Account Monitor, IC Transactions, Journals, Close Status
Name one difference (in fields) between ADFDI and FBDI
in FBDI you input ledger ID, reference, batch,
2
T/F
A given segment in the COA can have multiple hierarchies
TRUE