Online Access Free 1Z0-1054 Exam Questions

Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

• A.Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
• B.Journal entry spreadsheets are not impacted by this new function.
• C.Must have separate user defined roles using the privilege
  XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
• D.For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.

What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)

• A.The requisition reserved successfully undergoes amendment and is rejected in the reapproval
• B.When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the extent of the unreceived amount
• C.The purchase order is canceled or finally closed or rejected without performing any receipt or invoice
• D.When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount

Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?

• A.Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading
• B.There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner
• C.Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment
• D.There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define

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

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 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
• C.Define multiple ledgers for consolidation and report on ledger set
• 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.