Microsoft Microsoft Business Solutions MB4-348 Exam

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Exam : Microsoft MB4-348
Title : SL 6.5 Financials


1. A company wishes to segment their subaccount as follows: 1. Company Segment, Location, 3. Department, 4. Event, 5. Region, 6. Project, 7. Sales Type. How is this accomplished?
A. Define the Subaccount as seven Segments in Flexkey Definition.
B. Recommend the company not use Solomon as the subaccount does not accommodate this scenario.
C. Recommend the client use three segments as seven is just too many.
D. Define one of the segments as part of the natural account and create a subaccount with six segments.
Answer: A

2. Which are proper procedures to correct a transaction batch that was released and posted to period 07-2005 instead of 08-2005? Choose the 2 that apply.
A. Delete the batch in the Journal Transactions screen.
B. Use Initialize Mode to edit and "re-post" the batch.
C. Enter a new batch to reverse the effect of the transactions in period 07-2005.
D. Enter a new batch with the appropriate transactions for period 08-2005.
Answer: CD

3. In which periods will transactions update account balances when the Post Transactions process is run? Choose the 2 that apply.
A. Current period
B. Future periods
C. Prior periods
D. Only periods that have not had transactions posted yet.
Answer: AC

4. In Flexkey Definition, the "Validate" option for each segment is not checked and the "Valid Combos Required" option is not checked. Which will occur during maintenance and data entry? Choose the 2 that apply.
A. There will be limited account/subaccount combinations available for data entry.
B. When setting up new subaccounts, any value may be entered for any segment.
C. It will not be necessary to enter a subaccount during data entry.
D. All subaccounts entered during data entry will be accepted and automatically created in Subaccount Maintenance.
Answer: BD

5. Which fiscal periods can be entered as the Period to Post in the Journal transactions screen? Choose the 3 that apply.
A. Any Future Period
B. Any period in the current fiscal year
C. Any prior period in any year.
D. Any prior period as far back as the General Ledger history retention settings.
Answer: ABD