Online Access Free 1z0-1054-22 Exam Questions

A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a Primary and Secondary ledger. The two accounting standards are very close. Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

• A.FBDI Level
• B.Subledger Level
• C.Journal Level
• D.Adjustment Only Level
• E.Balance level

You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

• A.Specify Run Time Prompts (RTP)
• B.Never use the Outer Point of View (POV)
• C.Always use the Outer Point of View (POV)
• D.Only specify segment values in formulas

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?

• A.Make sure the tree is active
• B.Redeploy the chart of accounts
• C.Make sure to flatten the rows of the tree version
• D.Make sure the tree version was published successfully

Your company has a legal entity in the UK, US, and Canad A.
They can all share the same chart of accounts but are required to transact and report in their local currency.
What is the minimum number of ledgers you need and why?

• A.Three, because each requires a different currency
• B.Two, because the US and Canada can share the same ledger because they are in North America
• C.One, because they can all share the same chart of accounts
• D.Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting

You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account.
The chart of accounts also has an intercompany segment.
Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

• A.Ledger level rule
• B.Primary balancing segment rule
• C.Chart of Accounts rule
• D.Legal entity level rule