Online Access Free 1Z0-1004 Practice Test

You have enabled budgetary control and have a control budget set to Advisory control level. For September
2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

• A.No change
• B.Purchase order encumbrance will be released for $2,100 USD
• C.Funds reservation only happens for non-matched invoices, so the system will not reserve funds
• D.As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016
• E.The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?

• A.Make sure to flatten the rows of the tree version
• B.Make sure the tree is active
• C.Make sure the tree version was published successfully
• D.Redeploy the chart of accounts

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

• A.You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
• B.A Data Access Set with full read/write access to the ledger is automatically created
• C.You must re-deploy the chart of accounts
• D.You must assign the job role and data security context to each user

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 to translate into Statistical Currency
• B.Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
• C.Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
• D.Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency

Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?

• A.Journal Entry
• B.Event Class
• C.Journal Entry Rule Set
• D.Journal Line Rule
• E.Event Type