Online Access Free 1Z0-1054 Practice Test

You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?

• A.Chart of accounts was not deployed
• B.Accounting Configuration was not submitted
• C.Two tree versions were not defined
• D.An Audit process needs to be successfully performed before a tree version can be set to Active

You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?

• A.Close the General Ledger period in the Manager Accounting Periods page
• B.Close all subledger periods
• C.Freeze the Intercompany journal source in General Ledger
• D.Close Intercompany periods in Fusion Intercompany

The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?

• A.Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• B.Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• C.Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• D.Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.
What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)

• A.Journal Line Rules
• B.Supporting References
• C.Account Rules
• D.Chart of Accounts
• E.Accounting Date

Your customer wants to have balance sheets and income statements for its cost center and program segments.
That is, the customer wants to have three balancing segments.
Which two recommendations would you give your customer? (Choose two.)

• A.When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
• B.Define Ledger balancing options to balance by second and third balancing segments
• C.Additional intercompany rules will need to be defined for the two additional balancing segments
• D.Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry