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NEW QUESTION: 1
When enabling multiple currencies what feature is enabled on all opportunity? Choose 2 answers
A. Currency must be specified for the opportunity
B. The selected currency is used for the Amount (Converted) field
C. the selected currency is used for the Amount field
D. User's defaults currency overrides the specified opportunity currency
Answer: A,B
NEW QUESTION: 2
You want managers to promote employees in the compensation profile. Which of the following steps must you perform to configure this? There are THREE answers for this question.
A. Set up minimum and maximum guidelines for the standard promotion field
B. Import the job code and pay grade mapping file
C. Enable the job selector in the compensation template XML
D. Set up families and roles in Admin Center
E. Populate the JOBTITLE column in the user data file (UDF)
Answer: B,C,D
NEW QUESTION: 3
When an accountant examines projected financial statements, the accountant's report should include a
separate paragraph that:
A. Describes the limitations on the usefulness of the presentation.
B. Provides an Explanation: of the differences between an examination and an audit.
C. States that the accountant is responsible for events and circumstances up to one year after the report's
date.
D. Disclaims an opinion on whether the assumptions provide a reasonable basis for the projection.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. The accountant's standard report on an examination of projected financial
statements should include a caveat that the projected results may not be achieved. This is included in a
separate paragraph that describes the limitations on the usefulness of the presentation: "...there will
usually be differences between the forecasted and actual results... [that] may be material."
Choice "B" is incorrect. The accountant's report on the examination of projected financial statements would
not include an Explanation: of the differences between an examination and an audit.
Choice "C" is incorrect. A statement is included which specifically states that the accountant assumes no
responsibility to update the report for events and circumstances occurring after the date of the report.
Choice "D" is incorrect. The accountant does express an opinion that "the underlying assumptions provide
a reasonable basis for management's forecast."
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