Online Access Free 1z0-1054-20 Practice Test

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

• A.Posting performance is much faster
• B.You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
• C.You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
• D.General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
• E.Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

• A.Account Inspector and its charts
• B.Financial Reports with Embedded charts
• C.Smart View
• D.Account Monitor

You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

• A.The budget journal spreadsheet
• B.File Based Data Import
• C.Application Developer Framework Desktop Integrator
• D.Enterprise Resource Budget Integrator

How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

• A.Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
• B.If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
• C.CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
• D.CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

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