Online Access Free 1z1-960 Practice Test

Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

• A.cross-validation rules
• B.chart of accounts hierarchy maintenance
• C.integration with transactions from external feeder systems
• D.chart of accounts master data maintenance
• E.data access and security

Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

• A.Period Close Work Area
• B.Financial Reporting Center
• C.Journals Work Area
• D.General Accounting Dashboard

Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period- to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?

• A.The reversals must be done at the end of each quarter.
• B.Both balance sheet and income statement revaluation journals should be reversed in the period.
• C.Reverse them in the same period as the revaluation run.
• D.Never, because each period's revaluation adjustment is just for that period.

You want to specify Intercompany System Options.
Which three factors should you consider? (Choose three.)

• A.Automatic or manual batch numbering and the minimum transaction amount
• B.The approvers who will approve intercompany transactions
• C.Automatic or manual batch numbering and the maximum transaction amount
• D.Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
• E.Whether to allow receivers to reject intercompany transactions

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accounting date was 4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/16.
What is causing this?

• A.The system date was set up under the encumbrance accounting Default Date Rule.
• B.The actual accounting date was set up under the encumbrance accounting Default Date Rule.
• C.The current transaction accounting date was set up under the encumbrance accounting Default Date Rule.
• D.The subledger accounting option is set to system date.
• E.The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.