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NEW QUESTION: 1
Under what circumstances should you ask for "use of funds"?
A. if at the end of a month, you want to collect the credit balances and to ask for credit interest
B. if you have credit balances on several nostro accounts and have to use these balances to cover your outstanding payment orders
C. if your nostro A shows a debit whereas your nostro B shows a credit balance, you allow correspondent B to use your credit balance to work with, in order to receive credit interests to partially or totally cover the overdraft interests on nostro A.
D. if the net balance on a nostro account is higher than the amount agreed upon with your counterparty
Answer: C
NEW QUESTION: 2
Which of the following statements about the integration of asset accounting tables in theuniversal journal are true? There are 2 correct answers to this question.
A. No reconciliation-step in financial close.
B. No redundancy in data storage.
C. Statistical items are updated as Universal Journal Entries.
D. Reconciliation between G/L and AA is necessary.
E. After conversion, reporting for previous fiscal years is not possible.
F. Planned depreciations and revaluations are now stored in ACDOCA.
Answer: A,B
NEW QUESTION: 3
Executive management is asking for a new manufacturing control and workflow automation solution. This application will facilitate management of proprietary information and closely guarded corporate trade secrets.
The information security team has been a part of the department meetings and come away with the following notes:
-Human resources would like complete access to employee data stored in the application. They would like automated data interchange with the employee management application, a cloud-based SaaS application.
-Sales is asking for easy order tracking to facilitate feedback to customers.
-Legal is asking for adequate safeguards to protect trade secrets. They are also concerned with data ownership questions and legal jurisdiction.
-Manufacturing is asking for ease of use. Employees working the assembly line cannot be bothered with additional steps or overhead. System interaction needs to be quick and easy.
-Quality assurance is concerned about managing the end product and tracking overall performance of the product being produced. They would like read-only access to the entire workflow process for monitoring and baselining.
The favored solution is a user friendly software application that would be hosted onsite. It has extensive ACL functionality, but also has readily available APIs for extensibility. It supports read-only access, kiosk automation, custom fields, and data encryption.
Which of the following departments' request is in contrast to the favored solution?
A. Quality assurance
B. Human resources
C. Manufacturing
D. Sales
E. Legal
Answer: B
