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Exam Code: IIA-CIA-Part1
Exam Name: Essentials of Internal Auditing
Vendor: IIA

60 Questions & Answers
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NEW QUESTION: 1
A company has enabled the Financials business process and now would like to make changes to the initial configuration.
Which three changes can be made after the initial setup of the Financials framework? (Choose three.)
A. Enabling Rolling Forecast
B. Enabling Expense
C. Adding custom dimensions
D. Removing custom dimensions
E. Enabling Income Statement
F. Disabling already enabled features
Answer: B,C,E
Explanation:
Explanation/Reference:
C: Financials offers three different Income Statement formats. The account groupings created are based on your selection to produce an Income Statement. You can select both Gross Margin and Contribution Margin reporting. Contribution Margin adds rollup accounts. Additional Options adds rollups to the income statement hierarchy. Requires Revenue and Expense planning.
D: Enable common expense accounts for planning purposes. Enable significant expense categories to perform driver based planning. For example, if you enable compensation, salary expense will be derived using headcount and average salary. You can enable drivers at any time.
F: If you are enabling features for the first time, you must define all custom dimensions. You can't define these later.
Incorrect Answers:
A: You can't disable features later.
References: https://docs.oracle.com/cloud/latest/pbcs_common/EPBCA/
fin_enabling_financials_features_110xdb25742f.htm#EPBCA-GUID-2EAD222E-6ACB-4FC1-BB60-
7C207BD96C7F

NEW QUESTION: 2
A nurse is setting up a vision-screening program for a new school. At what age will vision be 20/20 in children?
A. 6 years old
B. 5 years old
C. 4 years old
D. 7 years old
Answer: A
Explanation:
6 years of age is the standard age of 20/20 vision potential.

NEW QUESTION: 3
How does the implementation consultant support the customer during Fit-to-Standard workshops?
There are TWO answers for this Question
A. Show and explain all available self-service configuration Uls
B. Review current custom code in the customer system
C. Demonstrate SAP Best Practices in the Starter system
D. Highlight gaps that require configuration or extensibility decisions
Answer: C,D


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