Financial Exam Spec.

Exam Topics



General Ledger - 29%

• Set up of ledger accounts plus chart of account functionality
• Creation and use of financial dimensions
• Utilize controls in the chart of account
• Configuration and use of financial statements and financial statement rows
• Set up and use budget models, submodels, allocation keys and parameters
• Set up and use general journal, including bridging postings and journal approval

• Set up and purpose of sales tax codes and item sales tax groups, know how sales tax is specified, calculated and where terms of payment are specified, and tax payments
• Run cash flow forecast
• Set up bank management

• Understand and use the reconciliation process
• Setup a company's base currency, secondary currency and use the currency converter
• Setup and posting of exchange rate differences, and exchange adjustment

Account Receivable - 22%

• Set up parameter options for accounts receivable and customer setup
• Set up and use posting profiles
• Know the purpose of free text invoice journal, differences between free text and sales order invoices
• Run customer reconciliation
• Configuration and execution of collection letters and interest calculations
• Payment journal differences between accounts receivable and general ledger
• Understand the accounts receivable automatic settlement process

• Know the mechanics for making exchange adjustments in accounts receivable
• Set up payment schedules
• Print deposit slips from accounts receivable
• Purpose of customer groups
• Set up of additional parameters used for invoicing
• Prepayment

Account Payable - 20%

• Set up posting profiles and parameters in accounts payable, and vendor setup
• Invoice receipt, registration and approval
• Configuration of payments, including terms of payment, bridging, cash discounts, payment schedules and methods of payments
• Use the audit trail functions
• Run vendor reconciliation
• Execute vendor invoice registration and approval

• Understand the accounts payable automatic settlement process
• Vendor invoice posting
• Reverse closed transactions
• Calculate cash discounts
• Set up method of payment
• Generate payments

Advanced Ledger - 18%

• Set up intercompany accounting and transactions
• Set up, print and trouble shoot financial statements
• Set up consolidation company
• Set up and control number sequences
• Perform the fiscal year-end close
• Set up and use of system accounts
• Set up of fiscal periods
• Bill of exchange or XBRL?

Fixed Assets - 11%

• Set up and creation of fixed assets
• Acquisition of fixed assets
• Posting principles of fixed assets
• Set up and use the different depreciation methods
• Create new tangible asset
• Use fixed asset budgets
• Set up derived value models
• Fixed asset consumption registration

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