1z0-1054-22 Dumps By Pros - 1st Attempt Guaranteed Success
100% Guarantee Download 1z0-1054-22 Exam Dumps PDF Q&A
Oracle 1z0-1054-22 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 7 |
|
| Topic 8 |
|
NEW QUESTION 55
Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?
- A. General Ledger - Journals Real Time
- B. General Ledger - Summary Journals Real Time
- C. General Ledger - Journal Balances Real Time
- D. General Ledger - Journal Transaction Balances Real Time
Answer: A
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-2018-financials-wn.htm#F4376
NEW QUESTION 56
The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.
The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values for the accountant to select in the Suspense Account.
What is the reason for this?
- A. A cross validation rule is in place to prevent the resulting combination from being created
- B. There is a primary balancing segment attached to the legal entity of the primary ledger
- C. The general accountant has a segment value security rule assigned which restricts access to that cost center
- D. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page
Answer: A
NEW QUESTION 57
You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit and Loss Accounts (4000-ZZZZ).
-
The following combinations exist in the Code Combination table:
01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and 01-000-7640-00
Which two statements are true regarding cross-validation rules? (Choose two.)
- A. You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules
- B. You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules
- C. The rules will validate and apply to new and existing accounts
- D. There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled for your chart of accounts instance
- E. The rules validate and apply to new accounts only
D18912E1457D5D1DDCBD40AB3BF70D5D
Answer: A,C
NEW QUESTION 58
Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments. Which three statements are true regarding the creation of a control budget? (Choose three.)
- A. The control budget structure has all the chart of account segments as budget segments
- B. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
- C. A control budget can be associated with a different calendar than accounting calendar
- D. A control budget can allow override rules only if the control level is absolute
- E. Control budgets are always absolute to generate encumbrance accounting
Answer: C,D,E
NEW QUESTION 59
Your company has a legal entity in the UK, US, and Canad A.
They can all share the same chart of accounts but are required to transact and report in their local currency.
What is the minimum number of ledgers you need and why?
- A. One, because they can all share the same chart of accounts
- B. Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
- C. Three, because each requires a different currency
- D. Two, because the US and Canada can share the same ledger because they are in North America
Answer: A
NEW QUESTION 60
Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?
- A. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
- B. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances
- C. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances
- D. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance
- E. In Financials Cloud, you must manually reconcile your intercompany account balances
Answer: D
Explanation:
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DAAC7706212CF48E040D30A6881766A
NEW QUESTION 61
You are defining intercompany balancing rules that are applied to a specific source and category, such as payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)
- A. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other".
- B. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
- C. You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.
- D. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
Answer: A,D
NEW QUESTION 62
Your company has two legal entities in the US (Balancing Segment Values [BSV] 101 and 102), one legal entity in France (BSV 401), and one legal entity in the UK (BSV 402).
Both US legal entities share the same ledger, whereas the UK and France have their own ledgers.
Assuming intercompany transactions are not being entered, what is the minimal action you can take and still configure the ledgers correctly?
- A. You should assign the balancing segment value to the ledger in the US and assign a balancing segment value to identify each legal entity in the UK and France ledgers.
- B. You should assign a balancing segment value to identify each legal entity in the US ledger.
- C. You should assign a balancing segment value to identify each legal entity in each ledger.
- D. You should assign a balancing segment value to identify each legal entity in the US Ledger and assign the balancing segment values to the ledger in the UK and France.
Answer: A
NEW QUESTION 63
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can have the System Administrator configuring pages for them using Page Composer
- B. They can use "+" under the Apps section of the News Feed homepage
- C. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
- D. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
Answer: A,D
NEW QUESTION 64
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product
- B. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals
- C. Each product has its own Intercompany Accounting feature that needs to be configured separately
- D. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects
Answer: B,C
NEW QUESTION 65
During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have already been assigned and journals have been posted.
Select the process that allows you to change the qualifier back to cost center qualifier.
- A. Delete the segment and create a new segment with the correct qualifier.
- B. Delete the chart of accounts and create a new one.
- C. Create a new chart of accounts.
- D. Change and save the segment qualifier.
Answer: B
NEW QUESTION 66
Which feature outside of reporting and analysis leverages the Essbase cube?
- A. journal entries and journal approval to create journals that update balances to the cube directly
- B. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
- C. revaluations and translation to revalue and translate currencies stored in the Essbase cube
- D. calculation manager to perform allocations based on multidimensional balances and budgets
Answer: C
NEW QUESTION 67
You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?
- A. The purchase order is Partially Liquidated and the invoice is Partially Reserved
- B. The purchase order is Liquidated and the invoice is Partially Reserved
- C. Both are reserved
- D. The purchase order is Open and the invoice is Validated
- E. The purchase order is Partially Liquidated and the invoice will be Reserved
- F. Both are Partially Reserved
Answer: A
NEW QUESTION 68
You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?
- A. Run Closing Status reports
- B. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
- C. Use Close Monitor in General Accounting Dashboard
- D. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
Answer: A
NEW QUESTION 69
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. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
- B. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
- C. Define budgetary control at ledger level and only encumbrance control at the business units
- D. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
- E. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
- F. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
Answer: B,E
NEW QUESTION 70
Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?
- A. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
- B. Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
- C. Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
- D. Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.
Answer: A
NEW QUESTION 71
You have set up a supporting reference with balances to capture revenue by account manager.
Which option should you use to view the supporting reference balances?
- A. an OTBI analysis
- B. an Account Group
- C. a SmartView analysis
- D. General Ledger inquiries and reports
Answer: A
Explanation:
Reference:
html#OCUAR1448300
NEW QUESTION 72
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
- A. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
- B. 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.
- C. This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions.
- D. This report displays the intercompany receivables and intercompany payables balances in summary for a period.
- E. This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
Answer: D,E
Explanation:
Reference:
html#OCUAR1573663
NEW QUESTION 73
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?
- A. When designing your financial statement using Financial Report (FR), embed a chart into your report
- B. Use Smart View, which is an Excel Add-on
- C. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph
- D. Use Account Inspector that automatically creates graphs on financial balances
Answer: A
NEW QUESTION 74
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?
- A. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
- B. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
- 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
Answer: D
NEW QUESTION 75
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)
- A. The Segment Value Security rules do not take effect until you assign the rules to users and products
- B. 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
- C. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts
- D. You can use hierarchies to define rules
Answer: B,D
NEW QUESTION 76
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)
- A. Smart View
- B. Sunburst reports
- C. Account Inspector
- D. Online Transactional Business Intelligence
- E. Account Monitor
Answer: A,C,E
NEW QUESTION 77
You want to monitor the close process of all financial subledgers and ledgers.
How can you quickly obtain this information?
- A. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
- B. Use Close Monitor in General Accounting Dashboard
- C. Run Closing Status reports
- D. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
Answer: D
NEW QUESTION 78
......
Earn Quick And Easy Success With 1z0-1054-22 Dumps: https://testking.prep4sureexam.com/1z0-1054-22-dumps-torrent.html