Online Access Free 1Z1-1004 Exam Questions

The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

• A.Budget Group
• B.Account Group
• C.Budget Controller
• D.Application Development Framework Desktop Integration (ADFdi)
• E.Budget Account Group

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order.
The invoice was entered on 5/5/16, but the invoice accounting date was 4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/16.
What is causing this?

• A.The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
• B.The system date was set up under the encumbrance accounting Default Date Rule
• C.The subledger accounting option is set to system date
• D.The actual accounting date was set up under the encumbrance accounting Default Date Rule
• E.The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

• A.Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances
• B.Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance
• C.Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
• D.In Financials Cloud, you must manually reconcile your intercompany account balances
• E.Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances

During implementation, a consultant accidentally designated the cost center segment as the natural account.
Values have already been assigned and journals have been posted.
Select the process that allows you to change the qualifier back to cost center qualifier.

• A.Change and save the segment qualifier.
• B.Delete the chart of accounts and create a new one.
• C.Delete the segment and create a new segment with the correct qualifier.
• D.Create a new chart of accounts.

Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)

• A.While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
• B.While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
• C.Define budgetary control at ledger level and only encumbrance control at the business units
• D.While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
• E.Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
• F.Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving