Online Access Free 1z0-1054-20 Practice Test

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.Create your AutoPost criteria using minimal sources and categories
• B.Schedule your AutoPost Criteria set to run during off-peak hours only
• C.Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
• D.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

Your customer wants to use a clearing company to automatically balance intercompany entries.
Which three statements are true regarding the use of a clearing company value? (Choose three.)

• A.Clearing companies are not supported
• B.If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
• C.You must map legal entities to balancing segment values in order to use a clearing company
• D.If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
• E.If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal

What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)

• A.When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount
• B.When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the extent of the unreceived amount
• C.The requisition reserved successfully undergoes amendment and is rejected in the reapproval
• D.The purchase order is canceled or finally closed or rejected without performing any receipt or invoice

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

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

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