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NEW QUESTION: 1
What does the year-end closing program in Asset Accounting do?
Note: There are 3 correct answers to this question.
Response:
A. It blocks all postings to Asset Accounting for the closed fiscal years.
B. It posts all remaining depredation and imputed interest.
C. It settles all assets under construction with values and maintained settlement rules.
D. It indicates if any of the created asset master records contain errors or are incomplete.
E. It checks whether the depreciation is posted completely for the fiscal year.
Answer: C,D,E
NEW QUESTION: 2
What principle requires that for particular sets of transactions, no single individual be allowed to execute all transactions within the set?
A. Separation of duties
B. Use of rights
C. Balance of power
D. Fair use
Answer: A
Explanation:
Separation of duties is considered valuable in deterring fraud since fraud can occur if an opportunity exists for collaboration between various jobs related capabilities. Separation of duty requires that for particular sets of transactions, no single individual be allowed to execute all transactions within the set. The most commonly used examples are the separate transactions needed to initiate a payment and to authorize a payment. No single individual should be capable of executing both transactions.
NEW QUESTION: 3
A set of tables are defined as follows:
t1
t2
How many rows are returned by executing the following SQL statement?
SELECT * FROM t1
WHERE EXISTS (SELECT name FROM t2 WHERE t1.id = t2.id);
A. 3 rows
B. 6 rows
C. 0 rows
D. 2 rows
E. 5 rows
Answer: D
