Online 1D0-1054-25-D Practice Test

Question 1

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

Options :

A : You must re-deploy the chart of accounts

B : A Data Access Set with full read/write access to the ledger is automatically created

C : You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration

D : You must assign the job role and data security context to each user

Answer: B,D

Question 2

Your customer is planning to have three balancing segments for generating balance sheets and income

statements at cost center segment and program segment levels.

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Which two recommendations would you give your customer? (Choose two.)

Options :

A : Additional intercompany rules will need to be defined for the two additional balancing segments

B : Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry

C : Additional intercompany balancing and clearing options will need to be defined

D : When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal

Answer: A,B

Question 3

You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

Options :

A : No change

B : Purchase order encumbrance will be released for $2,100 USD

C : Funds reservation only happens for non-matched invoices, so the system will not reserve funds

D : As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016

E : The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation

Answer: B,D

Question 4

The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

Options :

A : Journal Source

B : Journal Category

C : Journal Batch

D : Journal Description

Answer: A

Question 5

Account combinations can be created and/or modified using the Import Account Combinations file-based data

import (FBDI).

Which represents the appropriate upload steps?

Options :

A : Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.

B : Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.

C : Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.

D : Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.

Answer: B

EXPERTY DESIGNED 1D0-1054-25-D PRACTICE TEST