104 Exam Questions for 1z0-1054-22 Updated Versions With Test Engine
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Oracle 1z0-1054-22 Exam Syllabus Topics:
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NEW QUESTION 37
Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the budget transfer?
- A. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)
- B. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
- C. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)
- D. Import Budget Amounts from Spreadsheet (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)
Answer: A
NEW QUESTION 38
You want to monitor the close process of all your 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: C
NEW QUESTION 39
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 - Summary Journals Real Time
- B. General Ledger - Journals Real Time
- C. General Ledger - Journal Balances Real Time
- D. General Ledger - Journal Transaction Balances Real Time
Answer: B
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-2018-financials-wn.htm#F4376
NEW QUESTION 40
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?
- A. Enter another adjusting journal entry in the target currency to true up the balances
- B. Rerun Revaluation and then rerun Translation
- C. Rerun Translation and then reconsolidate your results
- D. Translate only the adjusting journal entry
Answer: C
NEW QUESTION 41
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 chart of accounts and create a new one.
- B. Create a new chart of accounts.
- C. Delete the segment and create a new segment with the correct qualifier.
- D. Change and save the segment qualifier.
Answer: A
NEW QUESTION 42
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?
- A. Nothing. All report balances are drillable in all FR Studio reports
- B. Allow Expansion
- C. Drill Through in Grid Properties
- D. Report Functions
Answer: C
NEW QUESTION 43
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting.
What is Oracle's recommended method for doing this?
- A. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
- B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
- C. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment
- D. Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively
Answer: D
NEW QUESTION 44
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 must have implemented Payables Cloud and Receivables Cloud
- C. You only need to assign the Legal Entity and Organization Contact
- D. You must assign the corresponding Receivables and Payables Business Units
Answer: B,D
NEW QUESTION 45
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. Use Oracle Hyperion Financial Management for this type of complex consolidation.
- B. 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
- C. 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.
- D. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.
Answer: B
NEW QUESTION 46
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 requisition reserved successfully undergoes amendment and is rejected in the reapproval
- B. The purchase order is canceled or finally closed or rejected without performing any receipt or invoice
- C. 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
- D. 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
Answer: B,D
NEW QUESTION 47
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?
- A. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
- B. Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
- C. Define multiple ledgers for consolidation and report on ledger set
- D. Use Oracle Hyperion Financial Management for this type of complex consolidation
Answer: B
NEW QUESTION 48
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?
- A. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
- B. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
- C. CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table
- D. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
Answer: C
NEW QUESTION 49
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can use "+" under the Apps section of the News Feed homepage
- B. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
- C. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
- D. They can have the System Administrator configuring pages for them using Page Composer
Answer: B,D
NEW QUESTION 50
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 51
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. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate 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. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
- D. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
Answer: A
NEW QUESTION 52
You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)
- A. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets
- B. Use HCM's Enterprise Structure Configurator (ESC) first
- C. Use the Rapid Implementation spreadsheet when creating your enterprise structure
- D. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
- E. Deploy your chart of accounts
Answer: B,C,E
NEW QUESTION 53
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