Online Access Free 1Z0-1004 Practice Test

You want to process multiple allocations at the same time. What feature do you use?

• A.Formulas
• B.Point of View (POV)
• C.General Ledger journal entries
• D.RuleSets

Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)

• A.While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
• B.While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
• C.While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
• D.Define budgetary control at ledger level and only encumbrance control at the business units
• E.Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
• F.Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving

You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?

• A.When viewing the report, download to Excel and use Excel's Charting features to create your bar graph
• B.Use Account Inspector that automatically creates graphs on financial balances
• C.Use Smart View, which is an Excel Add-on
• D.When designing your financial statement using Financial Report (FR), embed a chart into your report

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.)

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

You want to automatically post journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria?
(Choose two.)

• A.Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times
• B.Schedule your AutoPost Criteria set to run during off-peak hours only
• C.Create your AutoPost criteria using minimal sources and categories
• D.Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process