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NEW QUESTION: 1
The initial disclosure requires that certain disclosures relating to the termination of a lease be given to the consumer. Which of these disclosures is NOT required?
A. The conditions under which the lease may be terminated before the end of its term
B. Whether the lessee will be liable for the difference between the estimated value of the property and its realized value at the termination or end of the lease
C. Whether the lease may be extended at the option of the lessee
D. Whether or not the lessee has the option to purchase the property and at what price
Answer: C
NEW QUESTION: 2
You are the administrator for a multinational corporation (MNC). The corporation uses multiple chart of accounts and
their corresponding financial dimension sets to meet the requirements of different regions. Each region is defined as a
separate legal entity. You have defined multiple account structures as a combination of chart of accounts and
dimensions.
You need to assign these account structures to a specific region.
Which form should you use to accomplish this goal?
A. Posting definitions
B. Ledger
C. Configure account structures
D. Ledger allocation rule
Answer: B
Explanation:
1. Click General ledger > Setup > Ledger.
2. Select a chart of accounts.
3. To add an account structure to the ledger, click Add, and then double-click an account structure. You can also
click Configure account structures to create account structures.
You must select at least one account structure before you can record a source document or journal entry for the legal
entity that the ledger is created for.
4. Optional: Select the financial dimension that must be balanced in all accounting entries. If you select a
balancing financial dimension, you must select a financial dimension that is included in all account structures that are
assigned to the ledger.
5. Select a fiscal calendar for the legal entity.
6. Select an accounting currency and a reporting currency for the legal entity.
7. Select default exchange rate and budget exchange rate types.
8. For each posting type, select a main account. When a currency is revalued, the differences are posted to this
account, depending on the posting type.
Reference: Set up a ledger [AX 2012]
NEW QUESTION: 3
Audit supervision includes approval of the engagement report in order to ensure that:
A. Report findings are substantiated.
B. Report style and grammar are appropriate.
C. The client's objectives are met.
D. Senior management supports the report's conclusions.
Answer: A
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