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NEW QUESTION: 1
Under the Wolfsburg AML Principles on Private Banking when establishing a relationship with a trust a financial institution should perform due diligence on which three parties? Choose 3 answers
A. The provider of funds (e.g., settlor)
B. Those who have the power to appoint or remove trustees
C. Those who have power over the funds (e.g., trustees)
D. Those entitled to the funds (e.g., beneficiaries)
Answer: A,B,C
NEW QUESTION: 2
Your customer wants to convert their SAP ERP classic general ledger to SAP S/4HANA. What system configuration options are available for the customer within the converted system? There are 2 correct answers to this question.
A. Implementation of additional ledgers for parallel accounting
B. Implementation of additional currency type
C. Implementation of document splitting
D. Implementation of chart of accounts conversion
Answer: A,C
NEW QUESTION: 3
Which three are mandatory transaction source information?
A. Transaction Line
B. Transaction Number
C. Ledger Name
D. Transaction Date
E. Distribution Link
Answer: A,B,E
NEW QUESTION: 4
Systems Development Lifecycle (SDLC) is used to manage risk within the development of new computer systems.
Which THREE of the following are appropriate controls to manage risk within the SDLC Process?
A. The Post Completion Review should take place immediately after the implementation while all the facts are still fresh in everyone's minds.
B. When planning the new system, a clear business case must be approved specifying functionality, data transformation, expected costs and benefits.
C. When the implementation of the new system is taking place, parallel running must be undertaken to ensure the output for the new system exactly matches that from the old system.
D. When designing the new system, controls must be put in place to ensure that all the functionalities of the old system are replicated.
E. When doing the analysis for the new system particular care should be taken over the data specification, transformation and manipulation, ensuring that expected outputs are defined and that such output meets the needs and expectations of the business users.
F. When developing the new system, the developers must follow defined programming standards and carry out component test to specified test harness outputs.
Answer: B,E,F