Oracle 1z0-1054 Rapidshare 2021

NEW QUESTION 1
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 two, enable control at Requisitioning and define the exceptions to only include invoicing
• B. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
• C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
• D. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
• E. Define budgetary control at ledger level and only encumbrance control at the business units
• F. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving

Answer: AD

NEW QUESTION 2
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 is active
• C. Make sure the tree version was published successfully
• D. Redeploy the chart of accounts

Answer: C

NEW QUESTION 3
Which reporting tool is best suited for submitting high-volume transactional reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

• A. Oracle Transactional Business Intelligence (OTBI)
• B. Business Intelligence Publisher (BI Publisher)
• C. Financial Reporting Center
• D. Smart View
• E. Oracle Data Visualization Cloud Service

Answer: B

NEW QUESTION 4
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. Funds available will change when the invoice is approved
• B. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD 100
• C. The budget will increase by USD 100 and the funds available will decrease by USD 100
• D. The budget and funds available will increase by USD 100

Answer: B

NEW QUESTION 5
The expense account of airfare was erroneously assigned to the account type “Liability”. Which method should you choose to fix the problem?

• A. Deactivate the value
• B. Run the “Segment Value Inheritance” program
• C. Run the “Correct Misclassified Account” program
• D. Run the “Update Balance Cube Chart of the Accounting Dimension” program

Answer: C

NEW QUESTION 6
Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

• A. Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
• B. Journal entry spreadsheets are not impacted by this new function.
• C. Must have separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
• D. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.

Answer: AD

NEW QUESTION 7
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 three segments for the company, department, and natural accoun
• B. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
• C. Define four segments for the company, department, natural account, and intercompany segmen
• D. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
• E. Define three segments for the company, department, and natural accoun
• F. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.
• G. Define five segments for the company, department, natural account, intercompany, and future use segmen
• H. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

Answer: D

NEW QUESTION 8
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. Create a new chart of accounts.
• B. Delete the segment and create a new segment with the correct qualifier.
• C. Change and save the segment qualifier.
• D. Delete the chart of accounts and create a new one.

Answer: D

NEW QUESTION 9
You want to process multiple allocations at the same time. What feature do you use?

• A. RuleSets
• B. Formulas
• C. General Ledger journal entries
• D. Point of View (POV)

Answer: A

NEW QUESTION 10
Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI).
Which represents the appropriate upload steps?

• A. Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.
• B. Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
• C. Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
• D. Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.

Answer: B

NEW QUESTION 11
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. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
• C. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
• D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub

Answer: BD

NEW QUESTION 12
In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

• A. Application Composer
• B. Oracle Enterprise Repository
• C. Oracle Transactions Business Intelligence
• D. Financial Reporting Studio
• E. Smart View

Answer: CDE

NEW QUESTION 13
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. Accounting Date
• B. Chart of Accounts
• C. Journal Line Rules
• D. Account Rules
• E. Supporting References

Answer: CDE

NEW QUESTION 14
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. Control budgets are always absolute to generate encumbrance accounting
• C. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
• D. A control budget can allow override rules only if the control level is absolute
• E. A control budget can be associated with a different calendar than accounting calendar

Answer: BDE

NEW QUESTION 15
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. Application Development Framework Desktop Integration Budget Balances Report
• B. Account Monitor
• C. Smart View
• D. Account Inspector

Answer: A

NEW QUESTION 16
You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

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

Answer: BCE

NEW QUESTION 17
You need to define multiple allocation rules as efficiency as possible.
Which three components can be reused across allocation rules? (Choose three.)

• A. Point of View (POV)
• B. Formulas
• C. Run Time Prompts (RTP)
• D. RuleSets

Answer: BCD

NEW QUESTION 18
On which three occasions are Essbase balances updated? (Choose three.)

• A. every time the tree version is published
• B. every time you run the batch program called “Update Essbase Balances”
• C. every time you open a new period
• D. every time journals are posted to the general ledger
• E. at report run-time

Answer: ADE

NEW QUESTION 19
All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle’s recommended approach to performing consolidations?

• A. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program
• B. Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.
• C. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting metho
• D. Create a separate elimination ledger to enter intercompany elimination
• E. Then creates a ledger set across all ledgers and report on the ledger set.
• F. Use Oracle Hyperion Financial Management for this type of complex consolidation.

Answer: A

NEW QUESTION 20
You have enabled budgetary control and have a control budget set to Advisory control level. For September 2021, 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. No change
• B. Purchase order encumbrance will be released for $2,100 USD
• C. Funds reservation only happens for non-matched invoices, so the system will not reserve funds
• D. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2021 and fully reserve it in October 2021
• E. The system always consumes budget of future periods if the limit for the current period is expired, so October 2021 budget will be considered for reservation

Answer: BD

NEW QUESTION 21
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. Account Monitor
• B. Financial Reports with Embedded charts
• C. Smart View
• D. Account Inspector and its charts

Answer: C

NEW QUESTION 22
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. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
• B. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions
• C. Define Journal Conversion Rules that exclude subledgers
• D. Assign a Subledger Accounting Method to the secondary ledger
• E. Define Supporting References with balances

Answer: BD

NEW QUESTION 23
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. Both are Partially Reserved
• B. The purchase order is Liquidated and the invoice is Partially Reserved
• C. The purchase order is Partially Liquidated and the invoice is Partially Reserved
• D. The purchase order is Partially Liquidated and the invoice will be Reserved
• E. Both are reserved
• F. The purchase order is Open and the invoice is Validated

Answer: C

NEW QUESTION 24
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

• A. Users have very little control their Springboards and Work Areas; they can only resize columns
• B. They can use Personalization to move and remove regions from those pages
• C. They can have the System Administration customize pages for them using Page Composer
• D. They can format each table by hiding and showing columns, moving columns, and resizing columns

Answer: BD

NEW QUESTION 25
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. Account Analysis Reports
• B. Aging Reports
• C. an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
• D. Journals Reports

Answer: A

NEW QUESTION 26
......