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NO.1 The implementation consultant is defining the chart of accounts for Green Studios. James, the
C EO of
Green Studios, asks what the consultant will do to reflect his customer's transactions in the chart of
accounts.
Please choose the correct answer.
Response:
A. Add an accounts receivable control account to the assets drawer
B. Add all customer accounts as business partner master data.
C. Add an accounts receivable control account to the cost of sales drawer.
D. Add an account for each customer in the assets drawer.
Answer: A

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NO.2 Tiny Toys reports the financial statement to the company headquarters once a year. They
manage
internal controlling at the end of each quarter. How would you recommend they set the posting
periods in
SAP Business One?
Please choose the correct answer.
Response:
A. Define the main posting period as quarters with no sub-periods.
B. Define the main posting period as the fiscal year and the sub-periods as quarters.
C. Define the main posting period as the quarter and the sub-periods as months.
D. Set the fiscal year to quarters and define the sub-periods as days.
Answer: B

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