Online Access Free 1Z1-1004 Exam Questions

Which tool can you use to create a Financial Income Statement?

• A.PS/nVision
• B.Rapid Implementation Enterprise Structures setup
• C.Account Inspector
• D.One View Reporting

You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business.
As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

• A.Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
• B.Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
• C.Run Revaluation to translate into Statistical Currency
• D.Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency

Which three objectives must be considered when designing the chart of accounts? (Choose three.)

• A.Try to use all 30 segments and 25 characters per segment because you cannot change it later
• B.Anticipate growth and maintenance needs as organizational changes occur
• C.Effectively manage an organization's financial business
• D.Consider implementing a single, global chart of accounts
• E.Limit the number of segments to those you need today to reduce data entry

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

• A.by using the Close Status monitor to drill down on the close status across ledgers
• 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 creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)

You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

• A.Create an Account Group using Account Monitor
• B.Open a Smart View file saved on your desktop
• C.Use Account Inspector
• D.Perform an account analysis online