Online Access Free 1z0-1054-20 Exam Questions

The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?

• A.Run the "Update Balance Cube Chart of the Accounting Dimension" program
• B.Run the "Correct Misclassified Account" program
• C.Deactivate the value
• D.Run the "Segment Value Inheritance" program

Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

• A.Intercompany Balancing Rules are defined centrally and applied across Financials and Projects
• B.Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product
• C.Each product has its own Intercompany Accounting feature that needs to be configured separately
• D.In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals

You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

• A.Account Analysis Reports
• B.an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
• C.Journals Reports
• D.Aging Reports

You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

• A.automatic or manual batch numbering and the maximum transaction amount
• B.automatic or manual batch numbering and the minimum transaction amount
• C.whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
• D.the approvers who will approve intercompany transactions
• E.whether to allow receivers to reject intercompany transactions

Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

• A.Journal entry spreadsheets are not impacted by this new function.
• B.Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
• C.Must have separate user defined roles using the privilege
  XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
• D.For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.