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  • Exam Code: L4M4
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NEW QUESTION: 1
Identify the three true statements about accounts and account types. (Choose three.)
A. Financial Management provides predefined account types such as Asset, Revenue, Flow, Balance, and Dynamic.
B. Account types tell FM how the account balances should accumulate over time.
C. Children cannot inherit the account type of their parent unless specifically defined by the administrator.
D. Base level accounts do not automatically roll up to parents; business rules are required.
E. Account types tell FM how the child account should aggregate to the parent.
Answer: A,B,E
Explanation:
Explanation
"Each account has an account type. Account types determine how child accounts are aggregated to parent accounts and how account balances accumulate over time." Above is an explanation about account types directly from the HFM Admin guide published by Oracle.
Additionally, this is true because Asset and Liability account types are balance sheet accounts and they represent a balance at a point in time. So, whether you look at the amount in these account types as periodic, QTD or YTD, the value is the same as it is not a cumulative amount.
The Revenue and Expense account types are income statement accounts and therefore the QTD and YTD amounts are an accumulation of the Periodic amounts.

NEW QUESTION: 2
Identify the statement that reflects the functionality of the Create Accounting Process.
A. The Create Accounting Process creates subledger accounting entries.
B. The Create Accounting Process is used to create subledger accounting entries, and transfer and post the transactions to General Ledger.
C. You can use the Create Accounting Process to create subledger accounting entries and validate the invoices.
D. The Create Accounting Process is used to create subledger accounting entries and transfer the transactions to General Ledger.
Answer: A

NEW QUESTION: 3
リソースをプロビジョニングするプロセスを自動化することにより、ユーザーがインフラストラクチャをコードとしてデプロイできるAWSサービスはどれですか?
A. AWS Glue
B. Amazon GameLift
C. AWSデータパイプライン
D. AWS CloudFormation
Answer: D
Explanation:
説明
AWS CloudFormationは、クラウド環境でAWSおよびサードパーティのアプリケーションリソースをモデル化およびプロビジョニングするための共通言語を提供します。 AWS CloudFormationを使用すると、プログラミング言語またはシンプルなテキストファイルを使用して、すべてのリージョンとアカウントでアプリケーションに必要なすべてのリソースを、自動化された安全な方法でモデル化してプロビジョニングできます。これにより、AWSおよびサードパーティのリソースの真実の単一のソースが提供されます。
リファレンス:https://aws.amazon.com/cloudformation/

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