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1. In Capital, which three statements are true when performing lease asset planning using the IFRS 16 and ASC 842 standards?
A) To determine if a lease asset is a low value asset, the value of the asset is calculated as Lease Payment multiplied by Payment Frequency.
B) You can override the Low Value Lease Amount for an asset, forcing the asset to be calculated as a low value lease asset.
C) Once assigned, you cannot override the Low Value Lease Amount for an asset.
D) Lessees are required to recognize assets or liabilities for leases of low value assets, such as tablets, personal computers, small items of office furniture, and telephones.
E) If the calculated value of the asset is less than or equal to the Low Value Lease Amount, the asset is considered to be a low value lease asset.
2. Which statement is true about configuring Projects with Capital?
A) Strategic Modeling must be enabled.
B) If capital projects are enabled, Capital must also be configured.
C) All modules must be enabled.
D) Workforce must also be configured.
3. From which two locations can you export data files?
A) Local
B) Repository
C) Outbox
D) Workspace
4. Which three options can you enable for Manage Existing Assets in Capital?
A) Improvements/Impairments
B) Named Assets
C) Transfers
D) Leased Assets
E) Retirements
5. In Projects, which enablement option applies to Contract projects only?
A) Rolling Forecast
B) Expense
C) Project Benefits
D) Revenue
Solutions:
| Question # 1 Answer: B,C,E | Question # 2 Answer: B | Question # 3 Answer: A,C | Question # 4 Answer: A,C,E | Question # 5 Answer: D |
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