Online Access Free 1Z1-1054 Exam Questions

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

• A.General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
• B.Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
• C.You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
• D.You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
• E.Posting performance is much faster

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.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
• B.The purchase order is canceled or finally closed or rejected without performing any receipt or invoice
• C.The requisition reserved successfully undergoes amendment and is rejected in the reapproval
• 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

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

Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)

• A.Use the Freeze feauture on the tables to scroll through large amounts of data
• B.Export the table to Excel
• C.Run a Business Intelligence Publisher report with Excel as the output format
• D.Detach the table to resize it to the maximum size of the monitor.

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?

• A.Rerun Revaluation and then rerun Translation
• B.Enter another adjusting journal entry in the target currency to true up the balances
• C.Translate only the adjusting journal entry
• D.Rerun Translation and then reconsolidate your results