1z0-1054-22 Free Certification Exam Material from BootcampPDF with 104 Questions
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Oracle 1z0-1054-22 Exam Syllabus Topics:
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NEW QUESTION 62
You need to create a 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.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)
- A. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
- B. Use OTBI to create multiple reports that you save to a folder that only the users can access
- C. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
- D. Use a report batch to run reports at a specific time to create a set of snapshot reports
- E. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
Answer: C,D
NEW QUESTION 63
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
- A. Consider implementing a single, global chart of accounts
- B. Effectively manage an organization's financial business
- C. Try to use all 30 segments and 25 characters per segment because you cannot change it later
- D. Limit the number of segments to those you need today to reduce data entry
- E. Anticipate growth and maintenance needs as organizational changes occur
Answer: A,B,E
NEW QUESTION 64
Most of the accounting entries for transactions form 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. Journal Entry Rule Set
- D. Event Class
- E. Journal Line Rule
Answer: E
NEW QUESTION 65
You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)
- A. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016
- B. Purchase order encumbrance will be released for $2,100 USD
- C. The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation
- D. No change
- E. Funds reservation only happens for non-matched invoices, so the system will not reserve funds
Answer: A,B
NEW QUESTION 66
Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)
- A. You only need to assign the Legal Entity and Organization Contact
- B. You can only associate one Intercompany Organization per Legal Entity
- C. You must assign the corresponding Receivables and Payables Business Units
- D. You must have implemented Payables Cloud and Receivables Cloud
Answer: C,D
NEW QUESTION 67
When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?
- A. Make sure the tree is active
- B. Make sure the tree version was published successfully
- C. Make sure to flatten the rows of the tree version
- D. Redeploy the chart of accounts
Answer: B
NEW QUESTION 68
When creating your financial statements, you would like to have a chart, such as a bar graph, included in the report output.
Which two reporting tools allow you to achieve this? (Choose two.)
- A. Smart View
- B. Financial Statement Generator
- C. Financial Reporting Studio
- D. Account Inspector
Answer: A,C
NEW QUESTION 69
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?
- A. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level
- B. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance
- C. Define the company segment only and qualify it as both the primary balancing segment and intercompany segment
- D. Define two different charts of accounts
Answer: A
NEW QUESTION 70
Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?
- A. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
- B. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
- C. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period
- D. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
Answer: C
NEW QUESTION 71
Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost center segment and program segment levels.
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Which two recommendations would you give your customer? (Choose two.)
- A. Additional intercompany rules will need to be defined for the two additional balancing segments
- B. When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
- C. Additional intercompany balancing and clearing options will need to be defined
- D. Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
Answer: A,D
Explanation:
https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20375/F350915AN26721.htm
NEW QUESTION 72
You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform? (Choose two.)
- A. Define Supporting References with balances
- B. Assign a Subledger Accounting Method to the secondary ledger
- C. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions
- D. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
- E. Define Journal Conversion Rules that exclude subledgers
Answer: B,C
NEW QUESTION 73
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. In Financials Cloud, you must manually reconcile your intercompany account balances
- B. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany 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. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances
Answer: D
Explanation:
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DAAC7706212CF48E040D30A6881766A
NEW QUESTION 74
You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)
- A. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
- B. Legal Entities, Business Units, and Chart of Accounts
- C. Chart of Accounts and Business Units
- D. Accounting Calendar
- E. Chart of Accounts
Answer: D,E
NEW QUESTION 75
You want to monitor the close process of all financial subledgers and ledgers.
How can you quickly obtain this information?
- A. Use Close Monitor in General Accounting Dashboard
- B. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
- C. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
- D. Run Closing Status reports
Answer: C
NEW QUESTION 76
Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.
What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)
- A. Account Rules
- B. Supporting References
- C. Accounting Date
- D. Journal Line Rules
- E. Chart of Accounts
Answer: A,B,D
NEW QUESTION 77
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. The purchase order is canceled or finally closed or rejected without performing any receipt or invoice
- B. 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
- C. 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
- D. The requisition reserved successfully undergoes amendment and is rejected in the reapproval
Answer: A,C
NEW QUESTION 78
You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?
- A. Journals Reports
- B. an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
- C. Aging Reports
- D. Account Analysis Reports
Answer: D
NEW QUESTION 79
You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?
- A. Period
- B. Calendar
- C. Fiscal
- D. Year
Answer: A
NEW QUESTION 80
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