1z0-1054-20 Dumps PDF New [2022] Ultimate Study Guide
1z0-1054-20 Exam Dumps PDF Updated Dump from TestValid Guaranteed Success
NEW QUESTION 50
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?
- A. Account Inspector and its charts
- B. Smart View
- C. Financial Reports with Embedded charts
- D. Account Monitor
Answer: D
NEW QUESTION 51
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?
- A. CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table
- B. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
- C. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
- D. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
Answer: A
NEW QUESTION 52
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
- A. Try to use all 30 segments and 25 characters per segment because you cannot change it later
- B. Limit the number of segments to those you need today to reduce data entry
- C. Consider implementing a single, global chart of accounts
- D. Anticipate growth and maintenance needs as organizational changes occur
- E. Effectively manage an organization's financial business
Answer: C,D,E
NEW QUESTION 53
Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?
- A. The unmapped segments default to future use segments in Hyperion Financial Management
- B. No data is transferred
- C. Data is summarized across segments that are not mapped to Hyperion Financial Management
- D. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management
Answer: D
NEW QUESTION 54
Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments. Which three statements are true regarding the creation of a control budget? (Choose three.)
- A. A control budget can be associated with a different calendar than accounting calendar
- B. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
- C. A control budget can allow override rules only if the control level is absolute
- D. Control budgets are always absolute to generate encumbrance accounting
- E. The control budget structure has all the chart of account segments as budget segments
Answer: A,C,D
NEW QUESTION 55
You want to enter budget data in General Ledger Cloud. Which method is not supported?
- A. File-based Data Import
- B. Direct budget balance updates from a Financial Statement in Smart View
- C. Entering budget journals
- D. Application Development Framework Desktop Integration (ADFdi)
Answer: C
NEW QUESTION 56
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?
- A. an OTBI analysis
- B. a SmartView analysis
- C. an Account Group
- D. General Ledger inquiries and reports
Answer: A
NEW QUESTION 57
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 Line Rule
- B. Journal Accounting Rule
- C. Journal Balances Rule
- D. Account Rule
- E. Journal Entry Rule Set
Answer: E
NEW QUESTION 58
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)
- A. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
- B. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
- C. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
- D. Posting performance is much faster
- E. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
Answer: C,E
NEW QUESTION 59
You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?
- A. Funds available will change when the invoice is approved
- B. The budget will increase by USD 100 and the funds available will decrease by USD 100
- C. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD
100 - D. The budget and funds available will increase by USD 100
Answer: C
NEW QUESTION 60
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 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
- C. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
- D. Clearing companies are not supported
- E. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
Answer: B,C,E
NEW QUESTION 61
You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?
- A. The purchase order is Liquidated and the invoice is Partially Reserved
- B. The purchase order is Open and the invoice is Validated
- C. Both are reserved
- D. The purchase order is Partially Liquidated and the invoice is Partially Reserved
- E. The purchase order is Partially Liquidated and the invoice will be Reserved
- F. Both are Partially Reserved
Answer: D
NEW QUESTION 62
You want to achieve multi-step cascading allocations, which feature do you use?
- A. RuleSets
- B. Point of View (POV)
- C. Formulas
- D. General Ledger journal entries
Answer: A
NEW QUESTION 63
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?
- A. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph
- B. Use Account Inspector that automatically creates graphs on financial balances
- C. Use Smart View, which is an Excel Add-on
- D. When designing your financial statement using Financial Report (FR), embed a chart into your report
Answer: D
NEW QUESTION 64
Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost center segment and program segment levels.
D18912E1457D5D1DDCBD40AB3BF70D5D
Which two recommendations would you give your customer? (Choose two.)
- A. 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
- B. Additional intercompany rules will need to be defined for the two additional balancing segments
- C. 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
- D. Additional intercompany balancing and clearing options will need to be defined
Answer: B,C
Explanation:
Explanation
https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20375/F350915AN26721.htm
NEW QUESTION 65
You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)
- A. Set up a chart of accounts rule for every chart of accounts structure you have to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
- B. You can create a rule for all sources and categories by selecting the source "Other" and the category
"Other". - C. 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. - D. You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.
Answer: A,B
NEW QUESTION 66
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. Export the table to Excel
- B. Run a Business Intelligence Publisher report with Excel as the output format
- C. Use the Freeze feauture on the tables to scroll through large amounts of data
- D. Detach the table to resize it to the maximum size of the monitor.
Answer: C,D
NEW QUESTION 67
You are using Oracle General Ledger (GL), Oracle Payables and Oracle Receivables and would like to prevent the closure of the GL period if the corresponding subledger period is not closed.
How will you achieve this?
- A. Nothing, this option is enabled automatically
- B. Opt in to the Prevent Period Close option for the offering
- C. Set the relevant option on the Specify Ledger Options page
- D. Set the ORA_GL_INCLD_STRICT_PRD_CLOSE profile option to yes
Answer: B
NEW QUESTION 68
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 chart of accounts has no account values assigned
- B. The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set
- C. The Account Rule's conditions are not defined
- D. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
Answer: B,D
NEW QUESTION 69
You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)
- A. whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
- B. whether to allow receivers to reject intercompany transactions
- C. the approvers who will approve intercompany transactions
- D. automatic or manual batch numbering and the minimum transaction amount
- E. automatic or manual batch numbering and the maximum transaction amount
Answer: A,B,D
NEW QUESTION 70
You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?
- A. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
- B. Use Close Monitor in General Accounting Dashboard
- C. Run Closing Status reports
- D. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
Answer: C
NEW QUESTION 71
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. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
- B. Use a report batch to run reports at a specific time to create a set of snapshot reports
- C. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
- D. Use OTBI to create multiple reports that you save to a folder that only the users can access
- E. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
Answer: A,B
NEW QUESTION 72
The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.
The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values for the accountant to select in the Suspense Account.
What is the reason for this?
- A. A cross validation rule is in place to prevent the resulting combination from being created
- B. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page
- C. There is a primary balancing segment attached to the legal entity of the primary ledger
- D. The general accountant has a segment value security rule assigned which restricts access to that cost center
Answer: A
NEW QUESTION 73
You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit and Loss Accounts (4000-ZZZZ).
-
The following combinations exist in the Code Combination table:
01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and 01-000-7640-00
Which two statements are true regarding cross-validation rules? (Choose two.)
- A. The rules validate and apply to new accounts only
- B. There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled for your chart of accounts instance
- C. You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules
- D. The rules will validate and apply to new and existing accounts
- E. You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules
Answer: D,E
NEW QUESTION 74
......
Pass Your Oracle Exam with 1z0-1054-20 Exam Dumps: https://lead2pass.testvalid.com/1z0-1054-20-valid-exam-test.html