Online Access Free Oracle.1z0-1054-20.v2021-10-13.q41 Practice Test (Page 7)

1z0-1054-20 Exam Question 26

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A.This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

B.This report displays the intercompany receivables and intercompany payables balances in summary for a period.

C.You can only drill down to the general ledger journal and then from there to the subledger journal entry.

D.This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions.

E.This report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

1z0-1054-20 Exam Question 27

What are the two purposes of a secondary ledger? (Choose two.)

A.It should only be used to main balances for processing performance

B.It is used to main balances in a different currency only

C.It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options

D.It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting

E.It should not be used when trying to meet local accounting requirements

1z0-1054-20 Exam Question 28

What is the most efficient way to add a new year to the accounting calendar?

A.Add the periods manually

B.Import the periods from a spreadsheet

C.The application automatically populates the next year when you open the first period of a new fiscal year

D.Use the Add Year button

1z0-1054-20 Exam Question 29

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

B.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

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

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

1z0-1054-20 Exam Question 30

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 purchase order is canceled or finally closed or rejected without performing any receipt or invoice

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 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

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1z0-1054-20 Exam Question 26

1z0-1054-20 Exam Question 27

1z0-1054-20 Exam Question 28

1z0-1054-20 Exam Question 29

1z0-1054-20 Exam Question 30

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