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

Oracle 1Z0-1054-20 Online Questions & Answers

• Question 51:

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

• Question 52:

  Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost center segment and program segment levels. Which two recommendations would you give your customer? (Choose two.)

  A. Additional intercompany rules will need to be defined for the two additional balancing segments
  B. Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
  C. Additional intercompany balancing and clearing options will need to be defined
  D. When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
  A. Additional intercompany rules will need to be defined for the two additional balancing segments
  B. Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry

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  Reference: https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20375/F350915AN26721.htm

• Question 53:

  You entered a journal and the client is asking for the following information: The current account balance The future account balance if the journal is approved and posted

  How will you get this information?

  A. Run a Trial Balance before and after posting
  B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
  C. View the Projected Balances region in the Create Journals page
  D. Query the account balance online
  C. View the Projected Balances region in the Create Journals page

• Question 54:

  Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/19 was recorded for a purchase order. The invoice was entered on 5/5/19, but the invoice accounting date was 4/20/19. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/19.

  What is causing this?

  A. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule.
  B. The system date was set up under the encumbrance accounting Default Date Rule.
  C. The actual accounting date was set up under the encumbrance accounting Default Date Rule.
  D. The subledger accounting option is set to system date.
  E. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.
  B. The system date was set up under the encumbrance accounting Default Date Rule.

• Question 55:

  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. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
  B. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
  C. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
  D. Use a report batch to run reports at a specific time to create a set of snapshot reports
  E. Use OTBI to create multiple reports that you save to a folder that only the users can access
  B. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
  D. Use a report batch to run reports at a specific time to create a set of snapshot reports