Online Access Free 1Z0-1054 Exam Questions

You want to enter budget data in General Ledger Cloud. Which method is not supported?

• A.Application Development Framework Desktop Integration (ADFdi)
• B.Direct budget balance updates from a Financial Statement in Smart View
• C.Entering budget journals
• D.File-based Data Import

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.Use Oracle Hyperion Financial Management for this type of complex consolidation
• B.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.
• C.Define multiple ledgers for consolidation and report on ledger set
• D.Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?

• A.Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
• B.Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.
• C.Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
• D.Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

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 Journal Conversion Rules that exclude subledgers
• B.Define Supporting References with balances
• C.Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
• D.Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions
• E.Assign a Subledger Accounting Method to the secondary ledger

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 posted How will you get this information?

• A.Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
• B.Query the account balance online
• C.Run a Trial Balance before and after posting
• D.View the Projected Balances region in the Create Journals page