Q.1 _________ summarizes all of the company’s financial transactions, through offsetting debit and credit accounts.
A. Balance Sheet
B. General ledger
C. Account Codes
D. None of the above
Ans : Balance Sheet
Q.2 Payment Types includes the payment methods.
A. Cash
B. Personal credit card
C. Corporate cards
D. All of the above
A. A
B. B
C. C
D. D
Ans : D
Q.3 Tax calculation parameters for VAT in Expense Report are visible in
A. VAT Amount
B. Receipt status
C. Payment Type
D. All of the above
Ans : Payment Type
Q.4 VAT Taxes are applicable only to Parent Expense line items.
A. True
B. False
Ans : True
Q.5 Allocations are done for Itemized Expense line items only if Itemization is applied.
A. True
B. False
Ans : False
Q.6 Account codes can’t be assigned to Expense types
A. True
B. False
Ans : True
Q.7 Tax codes are defined in Concur and will be mapped to Expenses in Finance systems.
A. True
B. False
Ans : True
Q.8 A user can opt for both Company car and Personal car .
A. True
B. False
Ans : False
Q.9 Origin of VAT which are calculated by the merchant and presented on the user’s receipt are
A. From Card Transaction
B. System calculation
C. User entered amount
D. All of the above
Ans : System calculation
Q.10 Assigning of Ledger and account code is defined based on Criteria.
A. Report Level
B .Expense Level
C. Allocation Level
D. All of the above
A. A
B. B
C. C
D. D
Ans : D
Q.11 The line items generated in Finance system after posting Taxable Expenses from Concur are
A. Vendor Line Items
B. Tax Line items
C. Expense Line items
D. All of the above
Ans : Expense Line items
Q.12 Reimbursement offsets applied on
A. IBCP
B. CBCP
C. IBIP
D. All of the above
Ans : CBCP
Q.13 Criteria while defining Report level Account Hierarchy .
A. Country code B Currency
C. Policy
D. Payment Types
A. A & C
B. A & B
C. A,B & C
D. All of the above
Ans : All of the above
Q.14 Error prone deleted Legder can be
A. Recovered
B. Recreated
C. Both
D. None of the above
Ans : Recreated
Q.15 Affidavit is required if the value of the Receipt Status is
A. Receipt
B. Tax Receipt
C. No Receipt
D. All of the above
Ans : Tax Receipt
Q.16 Expense types and Itemization will come under Connected List Hierarchy.
A. True
B. False
Ans : True
Q.17 Calculation method used for Tax rate is always Percentage.
A. True
B. False
Ans : True
Q.18 Accounting hierarchy is assigned to a Segment.
A. True
B. False
Ans : True
Q.19 Reclaimable Tax Percentage is a direct percent calculated on Expense amount.
A. True
B. False
Ans : True
Q.20 Merchant Category Codes(MCC) are assigned to Expense types and is used for imported credit card transactions.
A. True
B. False
Ans : False
Q.21 Who may enter the accounting configuration data such as definition of the ledgers, companies, accounting structure and account codes.
A. Account Admistrator
B. Expense Admin
C. Expense processor
Ans : Account Admistrator
Q.22 Clearing accounts are assigned to
A. Company Cards
B. Cash payments
C. Personal cards
D. All of the above
A. A, B & C
B. A
C. B
D. D
Ans : A
Q.23 These card programs put the liability on the card holder themselves and there is minimum to no impact to the organization if the card holder do not pay personally.
A. CBCP
B. CBIP
C. Both
D. None of the above
Ans : CBIP
Q.24 ________ is an accounting book of final entry, where the system lists transactions in separate accounts.________ is an accounting book of final entry, where the system lists transactions in separate accounts.
A. Ledger
B. P & L account
C. Account Codes
D. Balance sheet
Ans : Ledger
Q.25 Reordering or changing an account code segment changes the hierarchy structure in the ledger and may invalidate existing configuration.
A. True
B. False
Ans : False
