Valid Oracle 1Z0-1054-20 Real Exam Questions Answers - 1Z0-1054-20 Dumps

Oracle 1z0-1054-20 Oracle Financials Cloud: General Ledger 2020 Implementation Essentials

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Oracle - 1z0-1054-20

Question #:1 Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)

A. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing B. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit D. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving E. Define budgetary control at ledger level and only encumbrance control at the business units F. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving Answer: D F

Question #:2 The Create Accounting program could not determine the debit side of the journal entry.

Which component of Subledger Accounting determines the debit or credit side of a journal entry?

A. Journal Balances Rule B. Journal Entry Rule Set C. Journal Line Rule D. Journal Accounting Rule E. Account Rule Answer: B

Question #:3 What is the most efficient way to add a new year to the accounting calendar?

A.

Oracle - 1z0-1054-20 A. Import the periods from a spreadsheet B. The application automatically populates the next year when you open the first period of a new fiscal year C. Add the periods manually D. Use the Add Year button Answer: D

Question #:4 Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.

D18912E1457D5D1DDCBD40AB3BF70D5D After opting in the new feature Spend Authorization with Budgetary Control, what additional three actions need to be accomplished to activate this feature? (Choose three.)

A. Enable Payment Request Subtypes B. Rebuild the GL Balances Cube C. Create a Payment Process Profile D. Rebuild the Budgetary Control Cube E. Enable spend authorization Answer: A D E

Question #:5 Which three objectives must be considered when designing the chart of accounts? (Choose three.)

A. Anticipate growth and maintenance needs as organizational changes occur B. Effectively manage an organization’s financial business C. Try to use all 30 segments and 25 characters per segment because you cannot change it later D. Consider implementing a single, global chart of accounts E. Limit the number of segments to those you need today to reduce data entry

Oracle - 1z0-1054-20

Answer: A B D

Question #:6 Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.

Which statement is true?

A. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward B. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances C. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

D. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

E. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward Answer: A

Question #:7 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 only need to assign the Legal Entity and Organization Contact B. You can only associate one Intercompany Organization per Legal Entity C. You must have implemented Payables Cloud and Receivables Cloud D. You must assign the corresponding Receivables and Payables Business Units Answer: C D

Oracle - 1z0-1054-20 Question #:8 What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

A. Posting performance is much faster B. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules C. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis D. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously E. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts Answer: C D

Question #:9 When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).

A. Financial Reporting Studio B. Smart View C. Oracle Financial Statement Generator D. Financial Reporting Center Answer: A D

Explanation D18912E1457D5D1DDCBD40AB3BF70D5D Question #:10 The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.

Once the deletion process completes, what additional process must you run?

A. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Oracle - 1z0-1054-20

B. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

C. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

D. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Answer: B

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