Oracle 1Z0-1054-20 Online Practice Questions and Exam Preparation

Oracle 1Z0-1054-20 Online Questions & Answers

• Question 31:

  You want to specify Intercompany System Options.

  Which three factors should you consider? (Choose three.)

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

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  Reference: https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20375/F569979AN732D7.htm

• Question 32:

  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 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
  B. Use Oracle Hyperion Financial Management for this type of complex consolidation
  C. 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
  D. Define multiple ledgers for consolidation and report on ledger set
  A. 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

• Question 33:

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

  A. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
  B. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
  C. They can have the System Administrator configuring pages for them using Page Composer
  D. They can use "+" under the Apps section of the News Feed homepage
  A. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
  C. They can have the System Administrator configuring pages for them using Page Composer

• Question 34:

  The Create Accounting program could not determine the debit side of the journal entry.

  Which component of Subledger Accounting determines the debit or credit side of a journal entry?

  A. Journal Balances Rule
  B. Journal Entry Rule Set
  C. Journal Line Rule
  D. Journal Accounting Rule
  E. Account Rule
  B. Journal Entry Rule Set

• Question 35:

  Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)

  A. Detach the table to resize it to the maximum size of the monitor
  B. Run a Business Intelligence Publisher report with Excel as the output format
  C. Export the table to Excel
  D. Use the Freeze feature on the tables to scroll through large amounts of data
  A. Detach the table to resize it to the maximum size of the monitor
  B. Run a Business Intelligence Publisher report with Excel as the output format

• Question 36:

  You want to prevent intercompany transactions from being entered during the last day of the close. Assuming Intercompany and General Ledger use the same calendar what should you do?

  A. Close the General Ledger period in the Manage Accounting Periods page
  B. Close Intercompany periods in Oracle Intercompany
  C. Close all intercompany subledger periods
  D. Freeze the Intercompany journal source in General Ledger
  B. Close Intercompany periods in Oracle Intercompany

• Question 37:

  You are defining an income statement report using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report. What should you enable to allow this?

  A. Nothing. All report are drillable
  B. Drill Through in Grid Properties
  C. Drill Down in Report Functions
  D. Allow Expansion in Report Functions
  C. Drill Down in Report Functions

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  Reference: https://docs.oracle.com/en/cloud/saas/financials/20c/faugl/financial-reporting-and-analysis.html#FAUGL1192194

• Question 38:

  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.)

  A. The Account Rule's conditions are not defined
  B. The Account Rule's chart of accounts has no account values assigned
  C. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
  D. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set
  C. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
  D. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set

• Question 39:

  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?

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

• Question 40:

  You are creating values for the chart of account value set that you are planning to use for the account segment within your Chart of Accounts. You are not able to assign an Account Type. What is the reason for this?

  A. You have not set the Allow Budgeting attribute for the value set
  B. The Account Type qualifier has not been enabled when defining the value set
  C. You are creating values before assigning the value set to the structure
  D. You have not set the Allow Posting attribute for the value set
  D. You have not set the Allow Posting attribute for the value set