pass4sure microsoft MB4-217 v2.83

Solomon 6.0 Financials : MB4-217 Exam

Exam Number/Code: MB4-217
Exam Name: Solomon 6.0 Financials
VUE Code: SO 60-217
Questions Type: Multiple choice,
Real Exam Question Numbers: 80
Passing Scores: 80%
Exam Language(s): English

“Solomon 6.0 Financials”, also known as MB4-217 exam, is a Microsoft certification.
Preparing for the MB4-217 exam? Searching MB4-217 Test Questions, MB4-217 Practice Exam, MB4-217 Dumps?

With the complete collection of questions and answers, Pass4sure has assembled to take you through 240 questions to your MB4-217 Exam preparation. In the MB4-217 exam resources, you will cover every field and category in Microsoft Business Solutions helping to ready you for your successful Microsoft Certification.
Question: 1
Which ledger type is used to track the number of employees associated with each payroll expense account?

A – Budget
B – Statistical
C – Actual
D – Reporting Currency
Answer: B Question: 2
Which ledger type is used to track the number of employees associated with each payroll expense account?

A – Budget
B – Statistical
C – Actual
D – Reporting Currency
Answer: A, C Question: 3
Which “Account Types” are recognized by Solomon?

A. Asset, Liability, Revenue only
B – Asset, Liability, Income, Expense
C – Asset, Payable, Receivable, Expense
D – Any account type can be assigned
Answer: B Question: 4
General Ledger transaction and account history detail is being retained for one year. General Ledger was closed for the year in period 12-2005 and the Delete Detail option was checked. Which of the following functions may still be performed?

A – Print a Trial Balance Report for period 01-2005. B – Inquire on account balances for period 06-2005.
C – Enter a batch to post to period 12-2005. D – Enter a batch to post to period 12-2003.
Answer: A, B, C Question: 5
What determines the fiscal period for posting a transaction?

A – Current fiscal period value from the GL Setup screen
B – Transaction Date
C – Current business date
D – Period to Post in the data entry screen
Answer: D Question: 6

A company wishes to allocate Help Desk expenses for the current period to each department
based on the number of employees. The number of employees in each department is entered in
a statistical ledger. Which allocation method is used?

A – Ledger Period-to-Date
B – Actual Period-to-date
C – Unit Patio
D – Actual Year-to-Date
Answer: A Question: 7
Which fiscal periods can be entered as the Period to Post in the Journal transactions screen?

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: A, B, D Question: 8
Which Ledger ID is the default in the Journal Transaction screen?

A – There is not a default for this field. B – Budget Ledger
C – Statistical Ledger
D – The “Default Ledger ID” defined in GL Setup.
Answer: D Question: 9
Which of the following functions would save data entry time if a user inputs a similar journal entry each month?

A – Manual or Recurring batch
B – Consolidation batch
C – Allocation Group. D – Adjustment batch
Answer: A Question: 10
What is the best report to use to verify that FRX financial statements balance to the General
Ledger?

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A – GL Edit Report
B – GL Batch Register Report
C – GL Transactions Report – Unposted format
D – Trial Balance
Answer: D Question: 11
When is the “Adjustment” batch type used?

A – Correct a batch of transactions is entered in error
B – Link a corrected batch to an original batch
C – Enter statistical transactions.
D – Make a one-sided journal entry
Answer: D Question: 12
How do you change the Default Ledger ID specified in the GL Setup screen?

A – Use Initialize Mode
B – The field can be changed at any time.
C – Once set, this field cannot be changed. D – Use Customization Manager
Answer: C Question: 13
A company wishes to segment their subaccount as follows: 1. Company Segment, 2. 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 Question: 14
How many ledgers can be affected by a single Journal Transactions batch?

A – One
B – One ledger per transaction line
C – One ledger per transaction line, as long as debits equal credits for each ledger in the batch
D – Unlimited
Answer: A Question: 15
Which scenarios would require a new Budget distribution with assigned percentages?

A – Seasonal variations for employee expenses.
B – Equally distribute expenses for office supplies. C – Monthly variation for utilities.
D – Distribute an expense based on the actual balances for the prior year.
Answer: A, C Question: 16
Which are proper procedures to correct a transaction batch that was released and posted to period 07-2005 instead of 08-2005?
pass4sure MB4-217
Questions and Answers : 240 questions
Updated: 2008-2-7
Market Price: $159.99
Member Price: $125.99

MBS [ MB4-217 ]Solomon 6.0 Financials Certification is one of the newest released exams for Microsoft Business Solutions Certificates. MB4-217 Pass4sure build the questions pool immediately after got the news from Microsoft Business Solutions provider, so candicates will get the latest material for preparing this exam from pass4sure. The candidate who successfully passed this exam indicates that he has mastered the knowledge and skills of Solomon 6.0 Financials Certification

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