Online 1D0-1054-24-D Practice Test

Question 1

You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?

Options :

A : Funds available will change when the invoice is approved

B : The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD 100

C : The budget will increase by USD 100 and the funds available will decrease by USD 100

D : The budget and funds available will increase by USD 100

Answer: B

Question 2

The Create Accounting program could not determine the debit side of the journal entry.

Which component of Subledger Accounting determines the debit or credit side of a journal entry?

Options :

A : Journal Balances Rule

B : Journal Entry Rule Set

C : Journal Line Rule

D : Journal Accounting Rule

E : Account Rule

Answer: B

Question 3

Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source. At what level can you override the default accounting attribute assignment?

Options :

A : Journal Entry Rule Set

B : Event Type

C : Journal Line Rule

D : Journal Entry

E : Event Class

Answer: C

Question 4

Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the budget transfer?

Options :

A :

Import Budget Amounts from Spreadsheet

(XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)

B : Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)

C : Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)

D :

Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)

Answer: B

Question 5

You are defining intercompany balancing rules that are applied to a specific source and category, such as

payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales.

Which two statements are correct? (Choose two.)

Options :

A : You can create a rule for all sources and categories by selecting the source “Other” and the category “Other”.

B : If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.

C : You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.

D : Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.

Answer: A,D

EXPERTY DESIGNED 1D0-1054-24-D PRACTICE TEST