Online 1Z0-1054-25 Practice Test

Question 1

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

Options :

A : Account Monitor

B : Financial Reports with Embedded charts

C : Smart View

D : Account Inspector and its charts

Answer: A

Question 2

You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

Options :

A : HZ_GEO_IDENTIFIER_SUBTYPE Lookup

B : Geocoding

C : Validation

D : Address Cleansing

Answer: B

Question 3

The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger

Options to match the cost center for the Rounding Account.

The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values for

the accountant to select in the Suspense Account.

What is the reason for this?

Options :

A : The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page

B : The general accountant has a segment value security rule assigned which restricts access to that cost center

C : There is a primary balancing segment attached to the legal entity of the primary ledger

D : A cross validation rule is in place to prevent the resulting combination from being created

Answer: D

Question 4

You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted. What is the most efficient way to achieve this?

Options :

A : by using the Manage General Ledger Security page.

B : by creating Cross-Validation Rules desktop-integrated spreadsheet.

C : by using Cross-Validation Rules Import file-based data import (FBDI).

D : by using the Manage Cross-Validation Rules page.

Answer: C

Question 5

Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains /losses from varying currency rates. What steps must you perform to achieve this objective without causing data corruption?

Options :

A :

Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

B :

Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

C :

Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.

D :

Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.

Answer: A

EXPERTY DESIGNED 1Z0-1054-25 PRACTICE TEST