Online Access Free 1z0-1054-23 Exam Questions

You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

• A.Source
• B.Offset
• C.Target
• D.Basis
• E.Allocation Range

Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

• A.Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
• B.Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
• C.Each product has its own Intercompany Accounting feature that needs to be configured separately.
• D.In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.

Which two statements are true about infotiles and infolets?

• A.Infotiles have Front view. Back view, and Expanded view.
• B.You can refresh infolets to see up-to-date data.
• C.Infotiles pull data from a Smart View analysis.
• D.You can create your own user-defined infolets.
• E.Infolets are accessed only from the News Feed home page layout.

Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of
100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

• A.There is no unrealized exchange gain or loss calculated.
• B.You have an unrealized exchange loss recorded.
• C.The original journal entry in Euros is updated.
• D.The original journal entry in Euros remains the same.
• E.You have an unrealized exchange gain recorded.

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.Subledger level
• B.Adjustment only level
• C.FBDI level
• D.Balance level
• E.Journal level