Deck 11: Certification, Report Customization and Quickbooks Labs

Question 1

The Certification test does not include questions about editing the chart of accounts.

Answer 1

False
(In Chapter 2, QBO Setup, setting up, adding, editing and saving the chart of accounts is taught and students should know how to do this for the certification test.)

Question 2

A document or transaction pattern that is stored so that it can be used again is called a/an:

A)Business process.
B)Audit log.
C)Accounts Payable and accounts receivable.
D)Template.
E)None

Answer 2

D

Question 3

The sales module includes the Accounts Receivable (A/R) workflow.

Answer 3

True

Question 4

To prepare for the QuickBooks Online Certified User test, administered by Certiport.com, students can take the practice test at HYPERLINK "http://www.mhhe.com/qbo2e" www.mhhe.com/qbo2e.

Question 5

Customers are people who purchase products and services from your company.

Question 6

Which of the following objectives does the QBO certification test cover:

A)QBO setup.
B)Purchases.
C)Sales.
D)Reports.
E)All.

Question 7

A bill can be customized in QBO.

Question 8

The user interface is a part of learning how to navigate QBO.

Question 9

Learning how to export reports to Excel is an important feature of QB Online.

Question 10

Basic accounting knowledge includes all of the following except:

A)Signing in and out of QBO.
B)Meaning of financial statements.
C)Difference between cash and accrual reports.
D)How to enter a Journal Entry.
E)None.

Question 11

Students should complete the Online Learning Center's Multiple Choice and True False quizzes for each chapter before taking the 100-question practice certification test.

Question 12

QBO's items or products and services are included within the customer center.

Question 13

What feature lets you save customized reports?

A)Memorize transactions.
B)Save and name customized report.
C)Update report and name customized report.
D)Automate report.
E)None.

Question 14

The Reports page includes which of following?

A)Recommended.
B)Frequently run.
C)My custom reports.
D)Management reports.
E)All.

Question 15

Select the best description for QuickBooks Labs?

A)Plug-ins.
B)Recent transactions.
C)Search.
D)Account and Settings.
E)All.

Question 16

The purchases module includes all of the following except:

A)Vendor center.
B)Customer center.
C)Bank reconciliation.
D)Accounts payable transactions.
E)None.

Question 17

When preparing for the QBO certification test, students should know how to:

A)Complete company settings or preferences.
B)Navigate the user interface, set up beginning balances, complete Accounts Payable and Accounts Receivable workflows.
C)Complete report customization.
D)Export report to Excel and/or save as PDF files.
E)All.

Question 18

For the QBO certification test, students should know how to answer:

A)Basic accounting and general knowledge questions.
B)Questions about other accounting softwares.
C)Questions about Case Problems 1 and 2.
D)None.
E)All.

Question 19

Entering and paying bills is part of the Accounts Payable workflow.

Question 20

What are the steps to run a customized report?

A)Reports > My Custom Reports > select report name.
B)Reports > Transactions > Chart of Accounts > report name.
C)Gear > Transfer > record journal entry.
D)None.
E)All.