Online Access Free Oracle.1z0-1054-20.v2021-10-13.q41 Practice Test (Page 2)

1z0-1054-20 Exam Question 1

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.Define multiple ledgers for consolidation and report on ledger set

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.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

D.Use Oracle Hyperion Financial Management for this type of complex consolidation

1z0-1054-20 Exam Question 2

Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting.
What is Oracle's recommended method for doing this?

A.Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions

B.Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively

C.Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting

D.Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment

1z0-1054-20 Exam Question 3

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.In Financials Cloud, you must manually reconcile your intercompany account balances

C.Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances

D.Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance

E.Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances

1z0-1054-20 Exam Question 4

Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)

A.You must have implemented Payables Cloud and Receivables Cloud

B.You can only associate one Intercompany Organization per Legal Entity

C.You must assign the corresponding Receivables and Payables Business Units

D.You only need to assign the Legal Entity and Organization Contact

1z0-1054-20 Exam Question 5

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.Journal entry spreadsheets are not impacted by this new function.

B.For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.

C.Must have separate user defined roles using the privilege
XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.

D.Uncheck the Enable Posting from the Manage Subledger Accounting Options task.

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1z0-1054-20 Exam Question 1

1z0-1054-20 Exam Question 2

1z0-1054-20 Exam Question 3

1z0-1054-20 Exam Question 4

1z0-1054-20 Exam Question 5

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