2021 1z0-1054-20 Dumps PDF - 1z0-1054-20 Real Exam Questions Answers
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NEW QUESTION 23
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. Account Inspector
- B. Smart View
- C. Account Monitor
- D. Application Development Framework Desktop Integration Budget Balances Report
Answer: D
NEW QUESTION 24
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?
- A. Supervisory level approval
- B. Cost center based approval
- C. Approval Groups
- D. Dynamic Approval Groups
- E. Management Chain approval
Answer: A
NEW QUESTION 25
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 can only associate one Intercompany Organization per Legal Entity
- B. You only need to assign the Legal Entity and Organization Contact
- C. You must have implemented Payables Cloud and Receivables Cloud
- D. You must assign the corresponding Receivables and Payables Business Units
Answer: C,D
NEW QUESTION 26
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 27
Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?
- A. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD
- B. $400 USD will be added back to available funds
- C. $400 USD will be expired and not available for use
- D. Only obligation type will have $400 USD funds available
- E. Invoice type will have less funds available by $400 USD
Answer: B
NEW QUESTION 28
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. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
- C. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
- D. Run Closing Status reports
Answer: B
NEW QUESTION 29
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. The general accountant has a segment value security rule assigned which restricts access to that cost center
- B. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page
- C. There is a primary balancing segment attached to the legal entity of the primary ledger
- D. A cross validation rule is in place to prevent the resulting combination from being created
Answer: D
Explanation:
Explanation/Reference: https://docs.oracle.com/en/cloud/saas/financials/20c/faiac/implementing-accounting-hub.pdf
NEW QUESTION 30
You are defining an income statement report using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report.
What should you enable to allow this?
- A. Drill Through in Grid Properties
- B. Allow Expansion in Report Functions
- C. Drill Down in Report Functions
- D. Nothing. All report are drillable
Answer: C
NEW QUESTION 31
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?
- A. Supervisory level approval
- B. Approval Groups
- C. Dynamic Approval Groups
- D. Management Chain approval
Answer: A
NEW QUESTION 32
When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).
- A. Financial Reporting Center
- B. Smart View
- C. Financial Reporting Studio
- D. Oracle Financial Statement Generator
Answer: A,C
Explanation:
Explanation/Reference: https://docs.oracle.com/en/cloud/saas/financials/20c/faugl/financial-reporting-and- analysis.html#FAUGL513446
NEW QUESTION 33
Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?
- A. $400 USD will be added back to available funds
- B. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of
$400 USD - C. Only obligation type will have $400 USD funds available
- D. Invoice type will have less funds available by $400 USD
- E. $400 USD will be expired and not available for use
Answer: E
NEW QUESTION 34
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, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define
- B. 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
- C. 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
- D. 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
Answer: C
NEW QUESTION 35
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. Fiscal
- B. Period
- C. Year
- D. Calendar
Answer: B
Explanation:
Explanation/Reference: https://docs.oracle.com/cd/E53547_01/opera_5_04_03_core_help/period_setup.htm
NEW QUESTION 36
What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA)? (Choose three.)
- A. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
- B. Cloud customers can use both OTBI and OBIA
- C. OTBI allows you to create custom reports from real-time transactional data against the database directly
- D. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications
- E. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
Answer: A,C,D
NEW QUESTION 37
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 Description
- B. Journal Batch
- C. Journal Source
- D. Journal Category
Answer: C
NEW QUESTION 38
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. Aging Reports
- B. Journals Reports
- C. Account Analysis Reports
- D. an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
Answer: C
NEW QUESTION 39
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?
- A. Smart View
- B. Account Inspector and its charts
- C. Financial Reports with Embedded charts
- D. Account Monitor
Answer: D
NEW QUESTION 40
How can your Accounting Manager expedite journal processing during the time-critical month-end close?
- A. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
- B. by using the Close Status monitor to drill down on the close status across ledgers
- C. by running the Journals report using Business Intelligence Publisher
- D. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other
Answer: D
NEW QUESTION 41
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Each product has its own Intercompany Accounting feature that needs to be set up separately
- B. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
- C. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
- D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub
Answer: B,C
NEW QUESTION 42
You want to enter budget data in General Ledger Cloud. Which method is not supported?
- A. Entering budget journals
- B. File-based Data Import
- C. Direct budget balance updates from a Financial Statement in Smart View
- D. Application Development Framework Desktop Integration (ADFdi)
Answer: A
NEW QUESTION 43
The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?
- A. Account Group
- B. Budget Account Group
- C. Budget Controller
- D. Application Development Framework Desktop Integration (ADFdi)
- E. Budget Group
Answer: A
NEW QUESTION 44
You want to process multiple allocations at the same time. What feature do you use?
- A. Formulas
- B. RuleSets
- C. Point of View (POV)
- D. General Ledger journal entries
Answer: B
NEW QUESTION 45
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 to flatten the rows of the tree version
- B. Make sure the tree version was published successfully
- C. Make sure the tree is active
- D. Redeploy the chart of accounts
Answer: B
NEW QUESTION 46
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