Pass Oracle 1z0-1054-22 PDF Dumps | Recently Updated 104 Questions
Updated Test Engine to Practice 1z0-1054-22 Dumps & Practice Exam
NEW QUESTION 37
Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?
- A. There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner
- B. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading
- C. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define
- D. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment
Answer: B
NEW QUESTION 38
You are using Oracle General Ledger (GL), Oracle Payables and Oracle Receivables and would like to prevent the closure of the GL period if the corresponding subledger period is not closed.
How will you achieve this?
- A. Set the ORA_GL_INCLD_STRICT_PRD_CLOSE profile option to yes
- B. Opt in to the Prevent Period Close option for the offering
- C. Nothing, this option is enabled automatically
- D. Set the relevant option on the Specify Ledger Options page
Answer: B
Explanation:
Reference:
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NEW QUESTION 39
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)
- A. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
- B. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
- C. Posting performance is much faster
- D. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
- E. 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
Answer: B,E
NEW QUESTION 40
The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?
- A. Journal Source
- B. Journal Category
- C. Journal Description
- D. Journal Batch
Answer: A
NEW QUESTION 41
You need to create a boardroom ready month-end reporting package for an upcoming Audit Committee meeting. You have 10 Financial Reports that you want to share with executives and auditors that are nicely formatted.
What are the two Oracle recommended ways to accomplish this? (Choose two.)
- A. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
- B. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
- C. Use a report batch to run reports at a specific time to create a set of snapshot reports
- D. Use OTBI to create multiple reports that you save to a folder that only the users can access
- E. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
Answer: C,E
NEW QUESTION 42
The Create Accounting program could not determine the debit side of the journal entry.
Which component of Subledger Accounting determines the debit or credit side of a journal entry?
- A. Journal Entry Rule Set
- B. Journal Accounting Rule
- C. Journal Balances Rule
- D. Journal Line Rule
- E. Account Rule
Answer: A
NEW QUESTION 43
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?
- A. Enterprise Resource Budget Integrator
- B. The budget journal spreadsheet
- C. Application Developer Framework Desktop Integrator
- D. File Based Data Import
Answer: C
NEW QUESTION 44
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can have the System Administration customize pages for them using Page Composer
- B. They can use Personalization to move and remove regions from those pages
- C. They can format each table by hiding and showing columns, moving columns, and resizing columns
- D. Users have very little control their Springboards and Work Areas; they can only resize columns
Answer: B,C
NEW QUESTION 45
After loading your budget data into General Ledger Cloud, you can view budget balances using these features. Which feature does not belong on the list?
- A. Smart View
- B. Account Inspector
- C. Application Development Framework Desktop Integration Budget Balances Report
- D. Account Monitor
Answer: C
NEW QUESTION 46
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013. Which statement is true?
- A. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
- B. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
- C. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
- D. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- E. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
Answer: A
NEW QUESTION 47
You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?
- A. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD 100
- B. Funds available will change when the invoice is approved
- C. The budget and funds available will increase by USD 100
- D. The budget will increase by USD 100 and the funds available will decrease by USD 100
Answer: A
NEW QUESTION 48
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
- A. Consider implementing a single, global chart of accounts
- B. Try to use all 30 segments and 25 characters per segment because you cannot change it later
- C. Anticipate growth and maintenance needs as organizational changes occur
- D. Effectively manage an organization's financial business
- E. Limit the number of segments to those you need today to reduce data entry
Answer: A,C,D
NEW QUESTION 49
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)
- A. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts
- B. The Segment Value Security rules do not take effect until you assign the rules to users and products
- C. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
- D. You can use hierarchies to define rules
Answer: C,D
NEW QUESTION 50
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. Schedule your AutoPost Criteria set to run during off-peak hours only
- B. 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
- C. Create your AutoPost criteria using minimal sources and categories
- D. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
Answer: B,D
NEW QUESTION 51
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
- A. This report displays the intercompany receivables and intercompany payables balances in summary for a period.
- B. This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions.
- C. This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- D. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
- E. This report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
Answer: A,C
Explanation:
Reference:
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NEW QUESTION 52
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