Exam Code: IAA-IAP
Exam Name: Internal Audit Practitioner
Version: V13.25
Q & A: 72 Questions and Answers
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NEW QUESTION: 1
What three Work Areas are used to review and manage actionable items before the closing period?
A. The Receivables Balances Work Area for invoicing and adjustment approval related activities.
B. The Revenue Adjustments Work Area for customer payment and credit application processing.
C. The Receivables Balances Work Area for customer payment and credit application processing
D. The Revenue Adjustments Work Area for contingencies affecting revenue recognition
E. The Billing Work Area for invoicing and adjustment approval related activities
Answer: C,D,E
Explanation:
A: Use the Billing workarea to perform tasks related to customer billing activities. Monitor and review incomplete transactions, and approve and research pending adjustments. Use AutoInvoice to import transactions from other systems and generate invoices and credit memos automatically according to your requirements. You can easily review and correct AutoInvoice import errors and resubmit AutoInvoice. Create new invoices, debit memos, credit memos, and on-account credit memos. Perform related activities to manage your transactions: update, duplicate, credit, adjust, dispute, and preview a transaction. You can also create a new customer record and manage existing customers from the Billing workarea.
B: Use the Receivables Balances workarea to perform tasks related to customer payment activities and the management of accounts receivable balances. Review actionable items, including open receipts and receipt batches, unapplied and on-account receipts and credit memos, receipt remittance batches, and funds transfer errors.
C: Revenue Management Workarea
Use the Revenue Management workarea to perform tasks related to revenue recognition and revenue adjustments
Reference: Oracle Fusion Receivables: Overview
NEW QUESTION: 2
A training class is being held on how to install a new light fixture for a project. There are 2,433 light fixtures to install in the project, so all project team members will need to learn how to install the light fixture. The project manager wants to ensure that all fixtures are installed identically. In the training, participants learn how to install the fixture by following a step-by-step direction. All of the participants can now install the light fixture relatively easily and quickly. There's not much more to learn in the installation, so their learning tapers off in regard to the light fixture installation. This is an example of what type of learning curve?
A. Plateau learning curve
B. S-shaped learning curve
C. Positively accelerating learning curve
D. Negatively accelerating learning curve
Answer: A
Explanation:
Explanation/Reference:
Answer option D is correct.
This is an example of a plateau learning curve. Learners quickly accelerate in the learning and their capacity slows, or in this example, stops.
Answer option C is incorrect. An s-shaped learning curve demonstrates learning that ebbs and flows based on content, experience, and greater levels of competence.
Answer option B is incorrect. Negatively accelerating learning curves are similar to the Plateau learning curve, but learning doesn't necessarily stop; it just slows dramatically.
Answer option A is incorrect. Positively accelerating learning curves are demonstrated when learners gain information slowly, and then learning accelerates.
Reference: Professional in Human Resources Certification Guide, Sybex, ISBN: 978-0-470-43096-5.
Chapter 5: Human Resource Development. Official PHR and SPHR Certification Guide, HR Certification Institute, ISBN: 978-1-586-44149-4, Section III, The US Body of Knowledge.
Chapter: Human Resource Development
Objective: Talent Management
NEW QUESTION: 3
What is an advantage of using the vPC feature in a data center environment?
A. The control plane and management plane remain separate.
B. Multiple instances of control plane are formed.
C. Cisco FabricPath technology does not have to be configured.
D. VSS is a requirement.
Answer: A
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