Get Sep-2022 Download Latest & Valid Questions For Oracle 1z0-1054-22 exam [Q42-Q62]

Rate this post

Get Sep-2022 Download Latest & Valid Questions For Oracle 1z0-1054-22 exam

Ensure Success With Updated Verified 1z0-1054-22 Exam Dumps

Oracle 1z0-1054-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Explain the Financial Reporting Center and available reporting tools Manage Chart of Accounts Security
Topic 2	Manage General Ledger Security Describe intercompany balancing Manage Accounting Calendars
Topic 3	Manage Intercompany Balancing Rules and Additional Intercompany and Clearing Options Explain Oracle Transactional Business Intelligence
Topic 4	Configuring Financial Reporting Analyze budgets versus actuals Manage Account Hierarchies
Topic 5	Manage Reporting using Financial Reporting Web Studio Explain the journal approval setup
Topic 6	Configuring Period Close Components Configure and Process Intercompany
Topic 7	Process intercompany reconciliations Configuring Enterprise and Financial Reporting Structures

NO.42 Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)

Controller

General Accountant

General Accountant Manager

Business Intelligence Administrator (BI Admin)

Financial Analyst

NO.43 Which tool can you use to create a Financial Income Statement?

One View Reporting

PS/nVision

Account Inspector

Rapid Implementation Enterprise Structures setup

NO.44 Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.
D18912E1457D5D1DDCBD40AB3BF70D5D
After opting in the new feature Spend Authorization with Budgetary Control, what additional three actions need to be accomplished to activate this feature? (Choose three.)

Enable Payment Request Subtypes

Rebuild the GL Balances Cube

Create a Payment Process Profile

Rebuild the Budgetary Control Cube

Enable spend authorization

NO.45 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.)

Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger

Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions

Define Journal Conversion Rules that exclude subledgers

Assign a Subledger Accounting Method to the secondary ledger

Define Supporting References with balances

NO.46 What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA)? (Choose three.)

Cloud customers can use both OTBI and OBIA

OTBI allows you to create custom reports from real-time transactional data against the database directly

OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.

Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.

OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

NO.47 Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013. Which statement is true?

If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward

The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances

If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward

NO.48 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.)

You only need to assign the Legal Entity and Organization Contact

You can only associate one Intercompany Organization per Legal Entity

You must have implemented Payables Cloud and Receivables Cloud

You must assign the corresponding Receivables and Payables Business Units

NO.49 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?

Drill Through in Grid Properties

Nothing. All report balances are drillable in all FR Studio reports

Allow Expansion

Report Functions

NO.50 You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?

Use the Manage Accounting Periods page to view the status of all subledgers and ledgers

Access each subledgers’ calendar and General Ledger’s Manage Accounting Periods page to view the status of each period

Run Closing Status reports

Use Close Monitor in General Accounting Dashboard

NO.51 You need to define multiple allocation rules as efficiency as possible.
Which three components can be reused across allocation rules? (Choose three.)

Point of View (POV)

Formulas

Run Time Prompts (RTP)

RuleSets

NO.52 On which three occasions are Essbase balances updated? (Choose three.)

every time the tree version is published

every time you run the batch program called “Update Essbase Balances”

every time you open a new period

every time journals are posted to the general ledger

at report run-time

NO.53 You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

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

You can use hierarchies to define rules

When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts

The Segment Value Security rules do not take effect until you assign the rules to users and products

NO.54 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?

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.

You should assign a balancing segment value to identify each legal entity in the US ledger.

You should assign a balancing segment value to identify each legal entity in each ledger.

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.

NO.55 You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

Run Revaluation as often as you need to the more stable currency and report on the more stable currency’s balances

Run Revaluation to translate into Statistical Currency

Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency

Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency

NO.56 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.)

You can create a rule for all sources and categories by selecting the source “Other” and the category “Other”.

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.

You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.

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.

NO.57 While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)

The Account Rule’s conditions are not defined

The Account Rule’s chart of accounts has no account values assigned

The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set

The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

NO.58 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?

an Account Group

an OTBI analysis

a SmartView analysis

General Ledger inquiries and reports

NO.59 What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)

The purchase order is canceled or finally closed or rejected without performing any receipt or invoice

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

The requisition reserved successfully undergoes amendment and is rejected in the reapproval

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

NO.60 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.)

Sunburst reports

Online Transactional Business Intelligence

Account Inspector

Account Monitor

Smart View

NO.61 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.)

Accounting Date

Chart of Accounts

Journal Line Rules

Account Rules

Supporting References

NO.62 You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

The budget journal spreadsheet

Enterprise Resource Budget Integrator

File Based Data Import

Application Developer Framework Desktop Integrator

Exam Materials for You to Prepare & Pass 1z0-1054-22 Exam: https://www.testsimulate.com/1z0-1054-22-study-materials.html

Oracle 1z0-1054-22 Exam Syllabus Topics:

Leave a Reply Cancel reply