Online Access Free 1z0-408 Practice Test

Most of the accounting entries for transactions from 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.Event Type
• B.Journal Entry
• C.Event Class
• D.Journal Line Rule
• E.Journal Entry Rule Set

You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

• A.All sub ledger transactions have been entered but do not have complete accounting.
• B.Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet
• C.Intercompany transactions have not been fully processed.
• D.Subledger transactions have been accounted and transferred to General Ledger but have not been posted.
• E.There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

• A.RuleSets
• B.Point of View (POV)
• C.Formulas
• D.Run Time Prompts (RTP)

After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?

• A.Smart View
• B.Application Development Framework Desktop Integration(ADFdi)
• C.Account Inspector
• D.Account Monitor

What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

• A.Transaction Objects
• B.Accounting attributes
• C.Event Classes
• D.Event Entities
• E.Mapping Sets