Download Oracle Financials Cloud-General Ledger 2019 Implementation Essentials.CertDumps.1z0-1054.2020-02-08.1e.60q.vcex

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Exam Oracle Financials Cloud: General Ledger 2019 Implementation Essentials
Number 1z0-1054
File Name Oracle Financials Cloud-General Ledger 2019 Implementation Essentials.CertDumps.1z0-1054.2020-02-08.1e.60q.vcex
Size 40 Kb
Posted February 08, 2020
Downloads 165

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Demo Questions

Question 1
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)

Question 2
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

Question 3
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)

  • A: Cloud customers can use both OTBI and OBIA
  • B: OTBI allows you to create custom reports from real-time transactional data against the database directly
  • C: OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
  • D: Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
  • E: OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Question 4
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: Invoice type will have less funds available by $400 USD
  • B: $400 USD will be expired and not available for use
  • C: $400 USD will be added back to available funds
  • D: Only obligation type will have $400 USD funds available
  • E: Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of$400 USD

Question 5
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.)

  • A: Sunburst reports
  • B: Online Transactional Business Intelligence
  • C: Account Inspector
  • D: Account Monitor
  • E: Smart View

Question 6
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

Question 7
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 three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively
  • D: 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

Question 8
Your customer wants to use a clearing company to automatically balance intercompany entries. Which three statements are true regarding the use of a clearing company value? (Choose three.)

  • A: You must map legal entities to balancing segment values in order to use a clearing company
  • B: If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
  • C: Clearing companies are not supported
  • D: If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
  • E: If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal

Question 9
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 only need to assign the Legal Entity and Organization Contact
  • B: You can only associate one Intercompany Organization per Legal Entity
  • C: You must have implemented Payables Cloud and Receivables Cloud
  • D: You must assign the corresponding Receivables and Payables Business Units

Question 10
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

  • A: Define the company segment only and qualify it as both the primary balancing segment and intercompany segment
  • B: Define two different charts of accounts
  • C: Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance
  • D: Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level


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