Online Access Free 1Z0-1054-21 Exam Questions

What are the Two purposes of a secondary ledger?

• A.it is used to main balances in a different currency only
• B.it should not be used when trying to meet local accounting requirements.
• C.it can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency and/or journal processing options
• D.it should only be used to maintain balances for processing performance.
• E.it is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting.

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 Oracle Hyperion Financial Management for this type of complex consolidation
• C.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
• 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.

Identify three functions of Functional Setup Manager.

• A.Provide a central place to access and perform all of the setup steps across Cloud application products.
• B.Assign setup tasks to individuals with due dates where users must manually update their completion status.
• C.Automatically mark the status of tasks as Completed after they have been completed.
• D.Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
• E.Centrally manage the close processes across subledgers and ledgers.

After loading your budget data into General Ledger Cloud, you can view budget balances using these features.?

• A.Smart View
• B.Account Monitor
• C.ADFDI Budget Balance Report
• D.Account Inspector

You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?

• A.Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
• B.Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel
• C.Use Account Inspector and then export to Excel and copy and paste into PowerPoint
• D.Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to Powerpoint