Online Access Free 1Z0-1054-21 Exam Questions

Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of 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.Event Class
• B.Journal Entry Rule Set
• C.Journal Entry
• D.Journal line Rule
• E.Event Type

Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use. What setup is required to achieve this requireme

• A.Create an annual budget with absolute control and so encumbrance accounting will work.
• B.Create two detail control budgets: annually with absolute control and monthly with advisory or trackcontrol.
• C.Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.
• D.Create two detail control budgets: annually with advisory/track control and monthly with absolute control.
• E.Create a summary budget annually with advisory control and control budget monthly with absolute control.

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 account for the accountant to select in the Suspense Account.
What Is the reason for this?

• A.The general accountant does not have the Financials Application administrator role assigned therefore, has view-only privileges on this page. -
• B.A cross validation rule is in place to prevent the resulting combination from being created.
• C.The general accountant has a segment value security rule assigned which restricts access to the cost center.
• D.There Is a primary balancing segment attached to the legal entity of the primary ledger.

How can your Accounting Manager expedite journal processing during the time-critical month-end close?

• A.by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
• B.by running the Journals report using Business Intelligence Publisher
• C.by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other
• D.by using the Close Status monitor to drill down on the close status across ledgers

Which two statements are true regarding the export/import of reports?

• A.Reports on setup data can be used to compare and analyze how the data might have changed over time.
• B.A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
• C.To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
• D.A set of reports lists user names, suppliers, and customers that have been exported/imported.
• E.The export/import reports are available only for Fusion Customer Relationship Management.