Online 1Z0-1054-25 Practice Test

Question 1

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 2

What are the two purposes of a secondary ledger? (Choose two.)

Options :

A : It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options

B : It should not be used when trying to meet local accounting requirements

C : It is used to main balances in a different currency only

D : It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting

E : It should only be used to main balances for processing performance

Answer: A,D

Question 3

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 4

On which three occasions are Essbase balances updated? (Choose three.)

Options :

A : every time the tree version is published

B : every time you run the batch program called “Update Essbase Balances”

C : every time you open a new period

D : every time journals are posted to the general ledger

E : at report run-time

Answer: B,C,D

Question 5

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

EXPERTY DESIGNED 1Z0-1054-25 PRACTICE TEST