Question 1

Which costing levels can you enter for an offset account?

Options :

A : Department

B : Position

C : Job

D : Element Eligibility

Answer: D

Question 2

Which is the correct cost hierarchy used to build each account segment?

Options :

A : Element Entry, Person Element, Person Payroll, Position, Job, Department, Element Eligibility, Payroll.

B : Element Entry, Person Payroll, Person Element, Position, Job, Department, Payroll, Element Eligibility.

C : Element Entry, Person Payroll, Person Element, Position, Job, Payroll, Department, Element Eligibility, Payroll.

D : Element Entry, Person Element, Person Payroll, Job, Position, Department, Payroll, Element Eligibility.

Answer: A

Question 3

Which statement accurately describes how you create a tax reporting unit?

Options :

A : When you identify a legal entity as a payroll statutory unit, the application transfers the legal reporting units that are associated with that legal entity to HCM as tax reporting units.

B : If you identify a legal entity as a payroll statutory unit, you will have the option to identify the payroll statutory unit as a tax reporting unit.

C : You can identify a legal entity as a tax reporting unit.

D : When you identify a legal entity as a legal employer, the application transfers the legal reporting units that are associated with that legal employer to HCM as tax reporting units.

Answer: A

Question 4

You have run the payroll process and need to validate and audit the run results before moving on to processing the payment. Which report helps you in diagnosing the results?

Options :

A : Balance Exception Report

B : Payroll Balance Report

C : Payroll Activity Report

D : Payroll Data Validation Report

Answer: C

Question 5

What three options should be considered while defining a costing key flexfield structure? (Choose three.)

Options :

A : Value sets for the segments

B : Cost hierarchy levels enabled to populate each cost account segment

C : segments required for the offset account

D : GL Accounting key flexfield structure

Answer: A,B,C

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