1Z0-228 - Peoplesoft Enterprise 9 General Ledger
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The primary function of the PeopleSoft InterUnit and IntraUnit process is______.
automatic creation of the Due-To or Due-From journal lines
Which is used to create a working calendar that identifies holidays and nonworking days?
Identify the best description for the Journal Edit Hierarchy.
Journal overrides Ledger.
PS/nVision offers two types of layouts. What are the two types of layouts?
When the Inheritance option for a ChartField is set to Always Inherit, the ChartField value on a transaction is inherited from_____.
the interunit template for the business unit
Which three configuration actions can be performed by using Standard ChartField Configuration?
Add or delete ChartFields.
Activate or inactivate ChartFields.
Change ChartField Display Length
What must be provided on the Net Income/Retained Earnings page of the Closing Rule along with the Retained Earnings account?
ChartField Value Set for P&L accounts
What is the function of the "Keep Ledgers in Sync" check box?
enables the system to post journal entries to all ledgers in the Ledger Group
You have a large journal (not yet posted) with many lines that use account 601231. This account value was entered erroneously and must be changed to 601232. What is the most efficient way to make this correction?
Use the Search Criteria hyperlink to locate each line by using this account.
You want to create a tree where nodes in the same hierarchical position represent the same kind of information. What would you use to accomplish this?
sibling nodes in the tree
Where do trees determine which ChartField the tree is based on and where the detail values for that ChartField are stored?
Company ABC has 10 Business Units and a shared SetID called SHARE. How many SetlDs does ABC have?
What feature is supported in combination Edits?
COMBO_DATA_TBL built as a part of the journal Edit process
From where would a user access the JRNL1.xIs Control Worksheet page?
What are the two methods by which Spreadsheet Journals are imported to General Ledger?
Import Ledger from Flat File
You can enable PeopleSoft Financials Audit Framework (Audit Logging):
All of the above
The Compare across Ledgers inquiry has a maximum number of ledgers that can be in the criteria selection. What is the maximum number of ledgers?
Which two statements describe SpeedTypes?
Use of SpeedTypes can reduce keying errors.
Use of SpeedTypes can greatly improve efficiency by saving keystrokes
You provide the appropriate Inter/lntraUnit Template for a Business Unit on the_____page.
General Ledger Options
In what period are balance forward amounts stored?
Which report or reporting tool is useful in reconciling converted data from legacy systems?\
All of the above
Which two ChartField types does Advanced ChartField Configuration enable you to add?
Identify four true statements about tree branches.
Each branch can be maintained as a separate object, allowing multiple users to work on separate branches simultaneously.
Tree branches can be used to restrict security access.
When you are using the original tree, you cannot edit the branch's nodes or details until you open that brancH.
Tree Manager restricts you from creating branches from a branched nodE.
Identify two statements that describe Standard Ledger Groups.
Standard Ledger Groups allow one primary ledger.
Standard Ledger Groups allow one primary translation ledger.
The InterUnit Activity Report shows you the InterUnit ChartField for every______ SpecifieD.
What does altering the description on an existing tree node do?
allows you to change the current description (or create a new effective-dated description), which updates all trees that use this node
When the InterUnit method is direct method, the ChartFilelds and values that are used for the balancing entries for a Business Unit are retrieved using its own_____.
John entered a reversing journal entry and posted it in June, an open montH. The Journal will reverse in July, which is a closed perioD. The journal was erroneously posted and John now wants to unpost the journal. The option to automatically unpost reversals when the anchor is unposted is selecteD. Identify the action that John should perform.
Create a new journal to reverse the July journal.
Your customer informs you that they ran the Year End Close process, but then discovered that they were not ready to run it. How can they correct this error?
Select the Undo option for the Close Request Type.
Your client has created an adjustment journal. The adjustment must be made in a closed period where the journals have been archived. Which option should you select?
Run the Archive Journal Update process to create the adjustment in the archived and dosed perioD.
Which page identifies the System Source that distributes accounting entries to PeopleSoft Genera/ Ledger?
Journal Entry Template
When deferred processing is enabled, most fields on the journal entry are not updated or validated until you perform one of these two actions.
Save the page.
Click a button, link, or page tab.
You created a journal by using a Journal Entry TemplatE. However, before posting the journal, you realize that you missed a ChartField because it was not visible in the Journal Entry Template that you useD. What should you do to fix the error?
Perform a SQL update to the journal.
Your organization requires that all General Ledger journal entries for the Payables liability account have a blank department on the entries. Identify the best approach to achieve this business requirement.
Use ChartField combination edits.
Which three statements are true about PeopleSoft trees?
The structure and development of your PeopleSoft trees directly impacts the efficiency of your organization's reporting, processing, and ongoing maintenance of fields.
The Insert Detail button on the tree allows you to actually add values to the detail value tables if the value does not already exist (such as an Account to the GL_ACCODNT_TBL record).
A tree in draft mode cannot be used in reporting until it has been saved in a valid statE.
Where in PeopleSoft can you view a list of tasks for the products you are implementing for an organization?
Which statement is FALSE about Standard Journals?
A Recurring journal entry is an SJE type entry that is reproduced in its entirety on a fixed schedulE.
John wants his users to see only certain fields on the Journal Line page when they enter journals. He wants to exclude fields such as Project, Open Item Key, and Program. However, other areas of the company use these fields to create journals. How would you configure the system to do this?
Create a separate Business Unit and run the ChartField Configurator to deactivate all the ChartFields that you do not requirE.
Which three represent the data stored in the Ledger tables?
Year To Date balances
Actual and Budget data
Forecast and Statistical data
To which level is the Define Options and Defaults page for the Spreadsheet Journal Import template set?
Identify two statements that best describe Multibook.
Reconciling is not required between subledgers.
Each ledger may have its own base currency or it may inherit the base currency from the Genera/ Ledger Business Unit.
Which two fields on the Account page must be completed when setting up a Statistical Account?
Statistical Account check box
On which page would you set up the Cross-Product Drill Down capability for online inquiries?
Accounting Entry Definition
Which three statements correctly describe tree nodes?
The root node is always a parent nodE.
The parent node is the first node of the treE.
Sibling nodes have the same parent nodE.
Your tree for translating budget keys contains only nodes and no leaves in the hierarchy. This is an example of a_____.
Which functionality does NOT use PeopleSoft Trees?
Open Item Reconciliation
When you open a journal that you tried to edit or post, you receive a message stating that the journal is locked for further processinG. What should you do?
Click the Unlock button on the Journal Unlock pagE.
Your retail client is performing a PeopleSoft implementation. They have these requirements: 1. ChartField POS to capture Point of Sale information 2. ChartField to accommodate up to 15 alphanumeric characters 3. Minimum setup and configuration Select a series of steps that will best accomplish the requirements.
Activate an expansion ChartField, relabel the ChartField name, and change the ChartField display length.
Identify two correct statements about the Combination Edit setup and process.
Summary Ledgers can use Combo Edits.
Rules can invalidate a ChartField that has a blank ChartField valuE.
Which Journal feature can be effective-dated?