Online 1Z0-1054-25 Practice Test

Question 1

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

Question 2

You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.

Options :

A : Determine the accounting impact of transactions.

B : Capture accounting events.

C :

Create the accounting in the source system and then import the journal entries into subledger accounting.

D : Analyze external system transactions.

Answer: C

Question 3

In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

Options :

A : The layout Template

B : Output type

C : The Style Template

D : The Sub Template

E : The Data Model

Answer: B,E

Question 4

Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)

Options :

A : While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing

B : While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning

C : Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit

D : While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving

E : Define budgetary control at ledger level and only encumbrance control at the business units

F : Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving

Answer: A,D

Question 5

Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully. What should you do to allow access to the ledger?

Options :

A : Assign the UK reference set to the user/role combination.

B : Assign the security context value of UK Ledger to the user/role combination.

C : Create a data access set that allows access to the UK Ledger.

D : Assign the General Accounting Manager role to those users.

Answer: C

EXPERTY DESIGNED 1Z0-1054-25 PRACTICE TEST