Online 1D0-1054-25-D Practice Test

Question 1

You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?

Options :

A : Both are Partially Reserved

B : The purchase order is Liquidated and the invoice is Partially Reserved

C : The purchase order is Partially Liquidated and the invoice is Partially Reserved

D : The purchase order is Partially Liquidated and the invoice will be Reserved

E : Both are reserved

F : The purchase order is Open and the invoice is Validated

Answer: C

Question 2

You have exported data from your budgeting application into a .csv file.

What should you use to load that data into General Ledger?

Options :

A : The budget journal spreadsheet

B : Enterprise Resource Budget Integrator

C : File Based Data Import

D : Application Developer Framework Desktop Integrator

Answer: D

Question 3

A subsidiary company, in a highly regulated country, where there is a legal requirement to produce fiscal

reports under local GAAP, is about to configure their General Ledger.

Given the following:

Subledgers transferring to general ledger must use the local currency.

There is a requirement to report to the parent company (not local currency) using International Financial

Reporting Standards (IFRS).

Which two ledger types should be configured to address this reporting requirement? (Choose two.)

Options :

A : a primary ledger with the local accounting convention

B : a reporting currency with the IFRS accounting convention

C : a primary ledger with the IFRS accounting convention

D : a secondary ledger with the IFRS accounting convention

E : a reporting currency with the local accounting convention

Answer: A,D

Question 4

You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?

Options :

A : Use Smart View, which is an Excel Add-on

B : Use Account Inspector that automatically creates graphs on financial balances

C : When viewing the report, download to Excel and use Excel’s Charting features to create your bar graph

D : When designing your financial statement using Financial Report (FR), embed a chart into your report

Answer: D

Question 5

You are implementing Financials Cloud and are using spread sheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup object scan be loaded via a spread sheet from Functional Setup Manager?

Options :

A : Complete Accounting Configuration

B : Suppliers and Customers

C : Banks, Bank Accounts, and Branches

D : Setup data for Receivables and Payables product.

E : Chart of account values, accounting calendar, and ledger

Answer: B,C,E

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