Online Access Free 1z0-1054-22 Exam Questions

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?

• A.Create a Data Access Set that allows access to the UK Ledger.
• B.Assign the UK reference set to the user/role combination.
• C.Assign the General Accounting Manager role to those users.
• D.Assign the security context value of UK Ledger to the user/role combination.

You are defining intercompany balancing rules that are applied to a specific source and category, such as payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)

• A.You can create a rule for all sources and categories by selecting the source "Other" and the category "Other".
• B.If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
• C.Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
• D.You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.

Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?

• A.$400 USD will be expired and not available for use
• B.$400 USD will be added back to available funds
• C.Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD
• D.Only obligation type will have $400 USD funds available
• E.Invoice type will have less funds available by $400 USD

You are defining intercompany balancing rules that are applied to a specific source and category, such as payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)

• A.You can create a rule for all sources and categories by selecting the source "Other" and the category "Other".
• B.If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
• C.Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
• D.You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.

You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

• A.by using the Manage General Ledger Security page.
• B.by using the Manage Cross-Validation Rules page.
• C.by creating Cross-Validation Rules desktop-integrated spreadsheet.
• D.by using Cross-Validation Rules Import file-based data import (FBDI).