Study with 1Z0-1054-21 Actual Test Questions

Journal Description Rules are assigned to Subledger Journal Entry Rule Sets. What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)

• A. Chart of Accounts
• B. Journal Line Rules
• C. Supporting References
• D. Accounting Date
• E. Account Rules

What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availibility? (Coose two)

• A. The requisition reserved successfully undergoes amendment and is rejected in the reapproval
• B. When the purhcase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unreceived amount.
• C. When the purhcase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.
• D. The Purchase order is canceled or finally closed or rejected without performaing any receipt or invoice

You need to distribute departmental expense reports to l00 department managers in your organization.
The report format is the same, but the department values differ. What in the most efficient way to achieve this?

• A. Create a single report for all departments. When department managers log in to Financial Reporting Center, they will only be able to view their department's data based on Segment Value Security Rules.
• B. Set the Department segment as a User Point of View (POV) and submit a report batch and schedule it:
  to run for every department. Send the different batch outputs as PDF attachments via email to different users.
• C. When defining the report, make the Department Segment a prompt and when users view the report, they can change the prompt to their department
• D. Set up Bursting Options for your batch to prepare multiple versions of a report from a single process

Which two statements are true regarding how intercompany balancing rule, are defined? (Choose Two)

• A. All Ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules
• B. you can define different rules for different chart of accounts, ledgers, legal entities, and primary balancing segment value.
• C. You can only define balancing rules for different journals sources. You cannot define balancing rules for different journal categories
• D. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. what would be your recommendation when defining ledgers?

• A. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances.
• B. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
• C. User Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
• D. Define Balane-level Reporting currencies in the more stable currency and run Translation as often as you need.