Download Oracle Financials Cloud: General Ledger 2018 Implementation Essentials.1z0-1004.Prep4Sure.2019-06-04.47q.vcex
| Vendor: | Oracle |
| Exam Code: | 1z0-1004 |
| Exam Name: | Oracle Financials Cloud: General Ledger 2018 Implementation Essentials |
| Date: | Jun 04, 2019 |
| File Size: | 32 KB |
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Demo Questions
Question 1
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?
- Make sure to flatten the rows of the tree version
- Make sure the tree is active
- Make sure the tree version was published successfully
- Redeploy the chart of accounts
Correct answer: C
Question 2
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.)
- Accounting Calendar
- Legal Entities, Business Units, and Chart of Accounts
- Chart of Accounts
- Chart of Accounts and Business Units
- Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
Correct answer: AC
Question 3
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?
- Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
- Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
- Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.
- Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
Correct answer: D
Question 4
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?
- Application Development Framework Desktop Integration Budget Balances Report
- Account Monitor
- Smart View
- Account Inspector
Correct answer: A
Question 5
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
Correct answer: ACD
Question 6
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?
- Budget Controller
- Budget Group
- Account Group
- Budget Account Group
- Application Development Framework Desktop Integration (ADFdi)
Correct answer: D
Question 7
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
Correct answer: AB
Question 8
You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)
- the approvers who will approve intercompany transactions
- whether to allow receivers to reject intercompany transactions
- whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
- automatic or manual batch numbering and the maximum transaction amount
- automatic or manual batch numbering and the minimum transaction amount
Correct answer: BCE
Question 9
Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order.
The invoice was entered on 5/5/16, but the invoice accounting date was 4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/16.
What is causing this?
- The actual accounting date was set up under the encumbrance accounting Default Date Rule
- The current transaction accounting date was set up under the encumbrance accounting Default Date Rule
- The subledger accounting option is set to system date
- The system date was set up under the encumbrance accounting Default Date Rule
- The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
Correct answer: B
Question 10
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
Correct answer: A
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