[Oct 22, 2021] 1z0-1054-20 Ultimate Study Guide - RealExamFree
Ultimate Guide to Prepare 1z0-1054-20 Certification Exam for Oracle Financials Cloud in 2021
NEW QUESTION 34
You need to define multiple allocation rules as efficiency as possible.
Which three components can be reused across allocation rules? (Choose three.)
- A. Formulas
- B. Run Time Prompts (RTP)
- C. Point of View (POV)
- D. RuleSets
Answer: A,B,D
NEW QUESTION 35
Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)
- A. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
- B. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
- C. Define budgetary control at ledger level and only encumbrance control at the business units
- D. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
- E. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
- F. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
Answer: B,E
NEW QUESTION 36
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 added back to available funds
- C. Only obligation type will have $400 USD funds available
- D. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of
$400 USD - E. $400 USD will be expired and not available for use
Answer: E
NEW QUESTION 37
You entered the following information in the Companies and Legal Entities tab of the Rapid Implementation Spreadsheet:
Assuming currency is left blank in the Ledger worksheet, how many Ledgers will the process create?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 38
You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?
- A. Two tree versions were not defined
- B. An Audit process needs to be successfully performed before a tree version can be set to Active
- C. Chart of accounts was not deployed
- D. Accounting Configuration was not submitted
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/financialsop_gs/OAACT/F1005378AN156C9.htm
NEW QUESTION 39
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. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
- C. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
- D. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
Answer: A
NEW 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 are creating values before assigning the value set to the structure
- B. The Account Type qualifier has not been enabled when defining the value set
- C. You have not set the Allow Budgeting attribute for the value set
- D. You have not set the Allow Posting attribute for the value set
Answer: D
NEW QUESTION 41
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. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level
- C. Define two different charts of accounts
- D. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance
Answer: B
NEW QUESTION 42
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. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
- B. 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
- C. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
- D. 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
Answer: D
NEW QUESTION 43
What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA)? (Choose three.)
- A. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications
- B. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
- C. OTBI allows you to create custom reports from real-time transactional data against the database directly
- D. Cloud customers can use both OTBI and OBIA
- E. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
Answer: A,B,C
NEW QUESTION 44
Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.
What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)
- A. Account Rules
- B. Accounting Date
- C. Supporting References
- D. Chart of Accounts
- E. Journal Line Rules
Answer: A,C,E
NEW QUESTION 45
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?
- A. Rerun Translation and then reconsolidate your results
- B. Rerun Revaluation and then rerun Translation
- C. Enter another adjusting journal entry in the target currency to true up the balances
- D. Translate only the adjusting journal entry
Answer: A
NEW QUESTION 46
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 must have implemented Payables Cloud and Receivables Cloud
- B. You can only associate one Intercompany Organization per Legal Entity
- C. You only need to assign the Legal Entity and Organization Contact
- D. You must assign the corresponding Receivables and Payables Business Units
Answer: A,D
NEW QUESTION 47
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
- A. Limit the number of segments to those you need today to reduce data entry
- B. Anticipate growth and maintenance needs as organizational changes occur
- C. Try to use all 30 segments and 25 characters per segment because you cannot change it later
- D. Consider implementing a single, global chart of accounts
- E. Effectively manage an organization's financial business
Answer: B,D,E
NEW QUESTION 48
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. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
- B. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
- 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
Answer: B
NEW QUESTION 49
You want to automatically post journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria?
(Choose two.)
- A. Include all of your subledger sources in the AutoPost CriteriA. Divide up criteria sets by subledger source only if you need to schedule different posting times
- B. Create your AutoPost criteria using minimal sources and categories
- C. Schedule your AutoPost Criteria set to run during off-peak hours only
- D. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
Answer: A,D
NEW QUESTION 50
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 will validate and apply to new and existing accounts
- B. You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules
- C. The rules validate and apply to new accounts only
- D. There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled for your chart of accounts instance
- E. You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules
Answer: A,E
NEW QUESTION 51
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Oracle Financials Cloud Fundamentals-1z0-1054-20 Exam-Practice-Dumps: https://www.realexamfree.com/1z0-1054-20-real-exam-dumps.html
