Oracle 1Z0-1054-24: Perguntas e Respostas

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<p>Oracle</p><p>1Z0-1054-24</p><p>Oracle Financials Cloud: General Ledger 2024 Implementation Professional</p><p>QUESTION & ANSWERS</p><p>https://www.examdumps.in/1Z0-1054-24-pdf-questions.html</p><p>QUESTION: 1</p><p>Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?</p><p>Option A : General Ledger - Journal Transaction Balances Real Time Option B : General Ledger – Journal Balances Real Time</p><p>Option C : General Ledger – Summary Journals Real Time Option D : General Ledger – Journals Real Time</p><p>Correct Answer: D</p><p>Explanation/Reference:</p><p>https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-2018-financials-wn.htm#F4376</p><p>QUESTION: 2</p><p>What are the two purposes of a secondary ledger? (Choose two.)</p><p>Option A : It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options</p><p>Option B : It should not be used when trying to meet local accounting requirements Option C : It is used to main balances in a different currency only</p><p>Option D : It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting</p><p>Option E : It should only be used to main balances for processing performance</p><p>Correct Answer: A,D</p><p>QUESTION: 3</p><p>There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.</p><p>Given that:</p><p>The subsidiary is in another country from the parent. There is no requirement to have daily balances.</p><p>The objective is to minimize the data stored in the reporting currency. Which data conversion level should you recommend?</p><p>Option A : Subledger level Option B : Journal Level</p><p>Option C : Adjustment only level Option D : Balances Level Option E : Spreadsheet level</p><p>Correct Answer: D</p><p>Explanation/Reference:</p><p>According to Oracle documentation, when there is a business requirement for a subsidiary company to report to the parent company on a monthly basis with different currencies and no requirement to have daily balances, you should recommend Balance level as the data conversion level. A Balance level data conversion level enables you to translate balances from one currency to another at month-end or quarter-end for reporting purposes. A Balance level data conversion level minimizes the data stored in the reporting currency because it does not store daily balances or journal details. Therefore, option D is correct. Option A is incorrect because a Subledger level data conversion level stores daily balances and journal details in the reporting currency. Option B is incorrect because a Journal Level data conversion level stores journal details in the reporting currency. Option C is incorrect because an Adjustment only level data conversion level does not translate balances from one currency to another. Option E is incorrect because a Spreadsheet level data conversion level does not exist.</p><p>QUESTION: 4</p><p>You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?</p><p>Option A : Drill Through in Grid Properties</p><p>Option B : Nothing. All report balances are drillable in all FR Studio reports Option C : Allow Expansion</p><p>Option D : Report Functions</p><p>Correct Answer: A</p><p>QUESTION: 5</p><p>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.</p><p>Option A : Create a new chart of accounts.</p><p>Option B : Delete the segment and create a new segment with the correct qualifier. Option C : Change and save the segment qualifier.</p><p>Option D : Delete the chart of accounts and create a new one.</p><p>Correct Answer: D</p><p>QUESTION: 6</p><p>Which three objectives must be considered when designing the chart of accounts? (Choose three.)</p><p>Option A : Anticipate growth and maintenance needs as organizational changes occur Option B : Effectively manage an organization’s financial business</p><p>Option C : Try to use all 30 segments and 25 characters per segment because you cannot change it later Option D : Consider implementing a single, global chart of accounts</p><p>Option E : Limit the number of segments to those you need today to reduce data entry</p><p>Correct Answer: A,B,D</p><p>QUESTION: 7</p><p>You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?</p><p>Option A : Both are Partially Reserved</p><p>Option B : The purchase order is Liquidated and the invoice is Partially Reserved</p><p>Option C : The purchase order is Partially Liquidated and the invoice is Partially Reserved Option D : The purchase order is Partially Liquidated and the invoice will be Reserved Option E : Both are reserved</p><p>Option F : The purchase order is Open and the invoice is Validated</p><p>Correct Answer: C</p><p>QUESTION: 8</p><p>You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)</p><p>Option A : You must re-deploy the chart of accounts</p><p>Option B : A Data Access Set with full read/write access to the ledger is automatically created</p><p>Option C : You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration</p><p>Option D : You must assign the job role and data security context to each user</p><p>Correct Answer: B,D</p><p>QUESTION: 9</p><p>What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)</p><p>Option A : The purchase order is canceled or finally closed or rejected without performing any receipt or invoice</p><p>Option 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</p><p>Option C : The requisition reserved successfully undergoes amendment and is rejected in the reapproval Option 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</p><p>Correct Answer: A,B</p><p>QUESTION: 10</p><p>Your customer is planning to have three balancing segments for generating balance sheets and incomestatements at cost center segment and program segment levels.D18912E1457D5D1DDCBD40AB3BF70D5DWhich two recommendations would you give your customer? (Choose two.)</p><p>Option A : Additional intercompany rules will need to be defined for the two additional balancing segments</p><p>Option B : Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry</p><p>Option C : Additional intercompany balancing and clearing options will need to be defined</p><p>Option D : When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal</p><p>Correct Answer: A,B</p><p>Explanation/Reference:</p><p>Explanation https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20375/F350915AN26721.htm</p><p>QUESTION: 11</p><p>The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget</p><p>Account Monitor page?</p><p>Option A : Budget Controller Option B : Budget Group Option C : Account Group</p><p>Option D : Budget Account Group</p><p>Option E : Application Development Framework Desktop Integration (ADFdi)</p><p>Correct Answer: C</p><p>QUESTION: 12</p><p>You need to add new transactional attributes to the journal approval notification in an implementation project. Which two Business Intelligence catalog objects</p><p>should you copy (or customize) and edit?</p><p>Option A : Sub template Option B : Style template Option C : Layout template Option D : Output type Option E : Data model</p><p>Correct Answer: C,E</p><p>Explanation/Reference:</p><p>To modify the journal approval notification, you need to copy (or customize) and edit the layout template and the data model of the Analytics Publisher report. The layout template defines the appearance and content of the notification, such as the text, fields, tables, and images. The data model defines the data sources and queries that provide the data for the notification, such as the journal attributes, amounts, and statuses. You can use Template Builder for Word to edit the layout template and Analytics Publisher to edit the data model. You also need to download the Workflow Notification Subtemplate, which is a common subtemplate that contains the header and footer of the notification. You can preview the modified notification using the subtemplate and the data model. References: Modify Journal Approval Notifications with Analytics Publisher [Creating Analytics and Reports for Financials Cloud]</p><p>QUESTION: 13</p><p>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?</p><p>Option A : Journal level Option B : Subledger level Option C : FBDI level Option D : Balance level</p><p>Option E : Adjustment only level</p><p>Correct Answer: E</p><p>Explanation/Reference:</p><p>The adjustment only level is the data conversion level that ensures only manual journals will be entered in the secondary ledger. This level means that no data is copied from the primary ledger to the secondary ledger automatically. Instead, the user can enter manual adjustments in the secondary ledger to reflect the differences between the two accounting standards. This level is suitable for scenarios where the accounting methods or charts of accounts are very close between the primary and secondary ledgers, and there is no need to maintain detailed journals or subledger transactions in the secondary ledger.</p><p>References: Primary Ledgers, Secondary Ledgers, and Reporting Currencies, High Volume Data Migration Considerations for General Ledger, Reporting Currencies - Conversion Level Balance</p><p>QUESTION: 14</p><p>In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)</p><p>Option A : They can format certain tables by hiding and showing columns, moving columns, and resizing columns</p><p>Option B : Users have very little control configuring their Springboards and Work Areas; they can only resize columns</p><p>Option C : They can have the System Administrator configuring pages for them using Page Composer Option D : They can use “+” under the Apps section of the News Feed homepage</p><p>Correct Answer: A,C</p><p>QUESTION: 15</p><p>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?</p><p>Option A : Source</p><p>Option B : Allocation Range Option C : Target</p><p>Option D : Offset Option E : Basis</p><p>Correct Answer: A</p><p>Explanation/Reference:</p><p>The source is where you specify the amount to be allocated. You can use various sources, such as account balances, fixed amounts, or statistical balances. In this case, you want to use the statistical balance of the floor area as the source of the allocation. The basis is where you specify the driver or factor that determines how the source amount is distributed among the targets. The target is where you specify the destination accounts that receive the allocated amount. The offset is where you specify the account that records the opposite side of the allocation entry. The allocation range is where you specify the scope of the allocation, such as the ledger, balancing segment, or legal entity. References: Oracle Financials Cloud Implementing Enterprise Structures and General Ledger, Chapter 3: Allocations and Periodic Entries, Allocation Components Oracle Financials Cloud Using General Ledger, Chapter 3: Allocations and Periodic Entries, Overview</p><p>image1.jpeg</p>