Online 1Z0-1054-25 Practice Test

Question 1

Which two statements are TRUE regarding the Balances Cubes in General Ledger? (Choose two.)

Options :

A : They are updated automatically when the General Ledger period is opened

B : New dimensions can be added to a General Ledger Balances Cube

C : They are updated automatically when the Revaluation process is run

D : A new Balances Cube is created for a unique combination of Ledger and Currency

E : They are updated automatically when the Translation process is run

Answer: C,E

Question 2

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI). What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

Options :

A : Historical rates are converted into an average rate (original and new rate).

B : The existing historical rate is deleted.

C : Nothing, existing historical rates are not updated.

D : The historical rate is replaced.

Answer: D

Question 3

Which three factors should you consider while specifying Intercompany System options?

Options :

A : Approvers who will approve intercompany transactions

B : Automatic or manual batch numbering and the minimum transaction amount

C : Whether to allow receivers to reject intercompany transactions

D : Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies

E : Automatic or manual batch numbering and the maximum transaction amount

Answer: B,C,D

Question 4

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

Question 5

How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

Options :

A : Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage

B : CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers

C : CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

D : If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.

Answer: C

EXPERTY DESIGNED 1Z0-1054-25 PRACTICE TEST