Small Business Financials 9.0 MB5-554 Test
Question: 1What is the maximum number of account segments allowed in Microsoft Small BusinessFinancials?
A-1B-2C-5D - 10
Answer: C
Question: 2What is the maximum account length allowed in Microsoft Small Business Financials?
A-5B - 10C - 20D - 25
Answer: D
Question: 3Which of the following file formats are available to save a report to in Microsoft Small BusinessFinancials? Choose the 3 that apply.
A - HTMLB - DIFC - Comma DelimitedD - Text
Answer: A, C, D
Question: 4What is the maximum number of fiscal periods you can have in a fiscal year in Microsoft SmallBusiness Financials?
A - 12B - 13C - 24D - 367
Answer: B
Question: 5Where can integration to MapPoint are activated in Microsoft Small Business Financials?
A - Company SetupB - User PreferencesC - Transaction SetupD - Process Monitor
Answer: B
Question: 6Where can you remove a stranded user from the system in Microsoft Small BusinessFinancials?
A - Security SetupB - Company SetupC - User ActivityD - User Preferences
Answer: C
Question: 7What is the maximum number of companies that can be set up in Microsoft Small BusinessFinancials?
A-1B-3C-5D - Unlimited
Answer: D
Question: 8Where are the built in backup and restore functions located in Small Business Financials?
A - Setup on the Menu BarB - File on the Menu BarC - Posting on the Tool BarD - There isn t a built in backup or restore function
Answer: B
Question: 9Which of the following statements are true about the Notes feature? Choose the 2 that apply.
A - Notes can be attached to windowsB - Notes cannot be changed once enteredC - Notes can be attached to individual vendors and customersD - Notes are only available if the feature is turned on in company setup
Answer: A, C
Question: 10What is the maximum number or licensed concurrent users you can have in Microsoft SmallBusiness Financials?
A-1B-2C-5D - 10
Answer: D
Question: 11What determines whether an account will be closed at year-end to the retained earnings account,or its balance is carried forward Get Certified @ Testkingworld.org into the next fiscal year as a beginning balance?A - Financial Statement CategoryB - Posting TypeC - Typical BalanceD - Account Number
Answer: B
Question: 12What application has a seamless link to import budget information into Microsoft Small BusinessFinancials?
A - Microsoft ExcelB - Microsoft WordC - Lotus NotesD - Quicken
Answer: A
Question: 13Which of the following statements are true about the year-end closing function for general ledgeraccounts? Choose the 2 that apply.
A - The account balances for balance sheet accounts are carried forward as beginning balances for the new fiscal yearB - The account balances for balance sheet accounts are closed to retained earningsC - The account balances for profit and loss accounts are closed to retained earningsD - It automatically creates a new fiscal year to carry beginning balances forward
Answer: A, C
Question: 14What function should be used to enter recurring transactions where account numbers areconsistently the same, but the amounts change each time the transaction needs to be posted?
A - Batch EntryB - Detail InquiryC - Journal EntryD - Quick Journal Entry
Answer: D
Question: 15How do Fixed Allocation accounts distribute posted amounts to distribution accounts?
A - By percentages entered in setupB - Based on other posting account balancesC - Evenly between each distribution account enteredD - Ten percent to each distribution account listed
Answer: A
Question: 16Which of the following situations could possibly be remedied by running the reconcile utility inAccounting?
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