1z0-1054 Free Practice Test

In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

1. A. Users have very little control their Springboards and Work Areas; they can only resize columns
2. B. They can use Personalization to move and remove regions from those pages
3. C. They can have the System Administration customize pages for them using Page Composer
4. D. They can format each table by hiding and showing columns, moving columns, and resizing columns

Correct Answer: BD

You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?

1. A. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
2. B. Access each subledgers’ calendar and General Ledger’s Manage Accounting Periods page to view the status of each period
3. C. Run Closing Status reports
4. D. Use Close Monitor in General Accounting Dashboard

Correct Answer: C

You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)

1. A. Accounting Calendar
2. B. Legal Entities, Business Units, and Chart of Accounts
3. C. Chart of Accounts
4. D. Chart of Accounts and Business Units
5. E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method

Correct Answer: AC

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 three statements are true regarding the creation of a control budget? (Choose three.)

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

Correct Answer: BDE

You want to enter budget data in General Ledger Cloud. Which method is not supported?

1. A. Entering budget journals
2. B. Application Development Framework Desktop Integration (ADFdi)
3. C. Direct budget balance updates from a Financial Statement in Smart View
4. D. File-based Data Import

Correct Answer: A