Latest Aug-2022 1Z0-1054-21 Dumps PDF And Certification Training
Check your preparation for Oracle 1Z0-1054-21 On-Demand Exam
NEW QUESTION 20
Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?
- A. data access and security
- B. cross-validation rules
- C. integration with transactions from external feeder systems
- D. chart of accounts hierarchy maintenance
- E. chart of accounts master data maintenance
Answer: D,E
NEW QUESTION 21
Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting. What two security features should you use?
- A. Cross-Validation Rules
- B. Data Access Sets using an Access Set Type of Primary Balancing Segment
- C. Balancing Segment Value Assignment to Legal Entities
- D. Segment Value Security
Answer: B,D
Explanation:
https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm
NEW QUESTION 22
Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT as a sourceof the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
- A. JournalEntry
- B. Journal Line Rule
- C. Event Type
- D. Event Class
- E. Journal Entry Rule Set
Answer: B
NEW QUESTION 23
Your customer is a financial Institution that needs to maintain average daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?
- A. Average balances are stored in the Essbase cube
- B. Average balances are maintained for both actual and budget balances
- C. ADB provides organizations with the ability to track average and end-of-day balances, report average balance sheets, and create custom reports using both actual and average balances
- D. When using ADB, you must define a daily calendar and assign it to your ADB ledger
- E. Average balances are stored for both subledger balances and general ledger balances
Answer: B,C
Explanation:
Overview of Average Balance Processing You can use average balance processing to track average and end-of-day balances, report average balance sheets, and create reports using both standard and average balances. Average balance processing is particularly important for financial institutions since many regulatory agencies require average balance sheets in addition to standard balance sheets. Many organizations use average balances for internal management reporting and profitability analysis.
https://docs.oracle.com/en/cloud/saas/financials/20c/faugl/average-balance- processing.html#FAUGL4029061
NEW QUESTION 24
Which two statements are true regarding the export/import of reports?
- A. A set of reports lists user names, suppliers, and customers that have been exported/imported.
- B. Reports on setup data can be used to compare and analyze how the data might have changed over time.
- C. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
- D. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
- E. The export/import reports are available only for Fusion Customer Relationship Management.
Answer: D,E
NEW QUESTION 25
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
- A. You can only drilldown to the general ledger journal and then from there to the subledger journal entry.
- B. This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- C. This report displays onlythe reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions.
- D. This report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but eitherthe second or third BSVs are not.
- E. This report displays the intercompany receivables and intercompany payables balances in summary for a period.
Answer: B,E
NEW QUESTION 26
You entered a journal and the client is asking for the following information: - the current Account balance - What the future account balance will be if the Journal is approved and poste how will you get this information?
- A. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger Balances
- B. Run a Trial Balance before and after posting
- C. View the Projected Balances region in the create Journals page.
- D. Query the account balance online
Answer: C
NEW QUESTION 27
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. Use the Freeze on the tables to scroll through large amounts of data
- B. Run a Business Intelligence Publisher report with Excel as the output format
- C. Detach the table to resize it to the maximum size of the monitor.
- D. Export the table to Excel
Answer: C,D
NEW QUESTION 28
Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period- to-date (PTD) method of revaluation tor your income statement accounts. When should you reverse revaluation journals, if at all required
- A. Never, because each period's revaluation adjustment is just for that period
- B. Both balance sheet and income statement revaluation journals should be reversed in the period
- C. Reverse them in the same period as the revaluation run
- D. The reversals must be done at the end of each quarter
Answer: B
NEW QUESTION 29
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. Define multiple ledgers for consolidation and report on ledger set
- B. Use General Ledger's Financial Reporting functionality to produce reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
- C. Use Oracle Hyperion Financial Management for this type of complex consolidation
- D. 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.
Answer: B
NEW QUESTION 30
Your Customer has three legal entities, 50 Departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended best practice when implementing: a new chart of accounts? How many segments and what segment qualifiers should be used?
- A. Define Three segments for the company, department, and natural accounts. The qualifiers should be primary balancing segment, intercompany segment, cost center segment, and natural account segment, respectively
- B. Define four segments for the company, department, natural account and intercompany segment. The qualifiers should be primary balancing segment , cost center segment, natural account segment and intercompany segment respectively
- C. Define Three segments for the company, department, and natural accounts, the qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively
- D. Define five segments for the company, department, natural account, intercompany segment and future segment. The qualifiers should be primary balancing segment , cost center segment, natural account segment, intercompany segment an no qualifier respectively.
Answer: D
NEW QUESTION 31
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. Accesseach subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
Answer: C
NEW QUESTION 32
You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger.Which two actions should you now perform? (Choose two.)
- A. Define Supporting References with balances
- B. Assign a Subledger Accounting Method to the secondary ledger
- C. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions
- D. DefineJournal Conversion Rules that exclude subledgers
- E. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
Answer: B,C
NEW QUESTION 33
You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.
- A. Determine the accounting impact of transactions
- B. Capture accounting events
- C. Analyze external system transactions
- D. Create the accounting in the source system and then import the journal entries into subledger accounting
Answer: D
NEW QUESTION 34
You are creating financial Statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results. How would you achieve this? (Choose Two)
- A. Use Smart View, which is and Excel Add-on
- B. when designing your financial statement using financial report (FR), embed a chart into your report.
- C. use Account Inspector that automatically creates graphs on financials balances
- D. When viewing the report, download to Excel and use Excel's charting features to create your bar graph
Answer: B
NEW QUESTION 35
You want to define an allocation rule where segment values are constants for rules and formulas. Whatshould you do?
- A. Never use the Outer Point of View (POV)
- B. Only specify segment values in formulas
- C. Specify Run Time Prompts (RTP)
- D. Always use the Outer Point of View (POV)
Answer: D
Explanation:
Explanation
A Point of View is used to define dimension values that remain fixed throughout the entire allocation rule. For example, assume a chart of accounts includes a segment for future use. The Point of View fixes the value to be the default value so that the dimension value does not have to be selected while defining the source, basis, target, offset, or allocation range
NEW QUESTION 36
Which repot show you differences between your subledger balances and General Ledger balances?
- A. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
- B. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
- C. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
- D. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
Answer: C
NEW QUESTION 37
The Budget Manager 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?
- A. Application Development Framework Desktop Integration (Adfdi)
- B. Budget Controller
- C. Account Group
- D. Budget Account Group
- E. Budget Group
Answer: D
NEW QUESTION 38
Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.
After opting in the new feature Spend Authorization with Budgetary Control, what additional three actions need to be accomplished to activate this feature? (Choose three.)
- A. Rebuild the Budgetary Control Cube
- B. Create a Payment Process Profile
- C. Enable spend authorization
- D. Enable Payment Request Subtypes
- E. Rebuild the GL Balances Cube
Answer: A,C,D
NEW QUESTION 39
......
Valid 1Z0-1054-21 Dumps for Helping Passing Oracle Exam: https://www.vcetorrent.com/1Z0-1054-21-valid-vce-torrent.html
Practice Exam 1Z0-1054-21 Realistic Dumps Verified Questions: https://drive.google.com/open?id=1kNStIx9ZVq-pWJpX9mwFBUMoiYg9mE8N