Online Access Free 1z1-960 Exam Questions

Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments.
Which two statements are true regarding the creation of a control budget? (Choose two.)

• A.The control budget structure has all the chart of account segments as budget segments.
• B.A control budget can be associated with a different calendar than accounting calendar.
• C.A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore.
• D.Control budgets are always absolute to generate encumbrance accounting.
• E.A control budget can allow override rules only if the control level is absolute.

Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use in addition to using the intercompany Reconciliation report?

• A.General Ledger Trial Balance report
• B.AR Aging report
• C.Receivables Aging by General Ledger Account report
• D.Receivables to General Ledger Reconciliation report

You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 USD is matched to the purchase order.
What will be the fund status of the purchase order and invoice?

• A.The purchase order is Open and the invoice is Validated.
• B.The purchase order is Partially Liquidated and the invoice will be Reserved.
• C.The purchase order is Partially Liquidated and the invoice is Partially Reserved.
• D.Both are Partially Reserved.
• E.Both are reserved.
• F.The purchase order is Liquidated and the invoice is Partially Reserved.

You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

• A.RuleSets
• B.Point of View (POV)
• C.Formulas
• D.Run Time Prompts (RTP)

The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

• A.Journal Batch
• B.Journal Category
• C.Journal Source
• D.Journal Description