[Q28-Q50] Get Special Discount Offer on 1Z0-1054-21 Dumps PDF [UPDATED Aug-2022]

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Get Special Discount Offer on 1Z0-1054-21 Dumps PDF [UPDATED Aug-2022]

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NEW QUESTION 28
You have a requirement to have invoices generated for certain Intercompany transaction Where do you enable Invoicing?

the transaction category

the transaction batch

the transaction type

the transaction source

NEW QUESTION 29
You are creating values for the chart of account value set that you are planning to use for the account segment within yourChart of Accounts.
You are not able to assign an Account Type. What is the reason for this?

You have not set the Allow Budgeting attribute for the value set

The Account Type qualifier has not been enabled when defining the value set

You are creating values before assigning the value set to the structure

You have not set the Allow Posting attribute for the value set

NEW QUESTION 30
Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.
What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)

Accounting Date

Chart of Accounts

Journal Line Rules

Account Rules

Supporting References

NEW QUESTION 31
What are the two purposes of a secondary ledger? (Choose two.)

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

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

It is used to main balances in a different currency only

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

It should only be used to main balances for processing performance

NEW QUESTION 32
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose Two)

General Ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

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.

You No longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of Accounts.

Integrating with third-party systems is easier because the Essbase cube provides chart of Accounts mapping rules.

NEW QUESTION 33
When creating your financial statements, you would like to have a chart, such as a bar graph, included in the report output.
Which two reporting tools allow you to achieve this? (Choose two.)

Financial Reporting Studio

Account Inspector

Smart View

Financial Statement Generator

NEW QUESTION 34
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

They can format certain tables by hiding and showing columns, moving columns, and resizing columns

Users have very little control configuring their Springboards and Work Areas; they can only resize columns

They canhave the System Administrator configuring pages for them using Page Composer

They can use “+” under the Apps section of the News Feed homepage

NEW QUESTION 35
You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree

You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes

The tree should have at least two tree versions to reduce report and allocation maintenance

You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes

It is fine to have the same child value roll up to two or more different parent values

You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI)

NEW QUESTION 36
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

Supervisory levelapproval

Cost center based approval

Dynamic Approval Groups

Management Chain approval

Approval Groups

NEW QUESTION 37
You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit and Loss Accounts (4000-ZZZZ).
–
The following combinations exist in the Code Combination table:
01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and01-000-7640-00
Which two statements are true regarding cross-validation rules? (Choose two.)

The rules validate and apply to new accounts only

You need to run the Cross-Validation Rules process to list and optionallydisable combinations that violate rules

You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules

There is no need to create cross-validation rules if Dynamic Combination CreationAllowed is not enabled for your chart of accounts instance

The rules will validate and apply to new and existing accounts

NEW QUESTION 38
While troubleshooting the encumbrance entries created for the requisition for your business unit, you noticed that only a few events are triggering the encumbrance journals when you submit he create accounting program. What are the two events?

Create change request on the requisition after submitting requisition for approval

Checkout and Save the requisition

Funds check

Submit the requisition for approval

Requisition rejected by the buyer

Requisition approved

NEW QUESTION 39
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.

Delete the segment and create a new segment with the correct qualifier.

Delete the chart of accounts and create a new one.

Change and save the segment qualifier.

Create a new chart of accounts.

NEW QUESTION 40
You have a requirement for the Intercompany Provider and Receiver distribution account to be balance automatically for all intercompany transactions.
What should you configure?

Intercompany transaction type default accounts

the Transaction Account Definition g

the AutoAccounting Definition

Provider and Receiver distribution set –

https://docs.oracle.com/en/cloud/saas/financials/20c/faugl/intercompany- transactions.html#FAUGL2853066 Example of Setting Up Transaction Account Definition for Intercompany This example describes how Transaction Account Definition (TAD) rules can be defined to automatically generate distribution accounts for an intercompany transaction.
Transaction Account Definition (TAD) rules are called to default provider or receiver distribution accounts or both for each transaction.
In this example, we will generate distribution accounts based on specific account combinations for the provider and receiver. These accounts will act as the default accounts but we will also override the intercompany segment value (the last segment) of each account with the trading partner company value.
Before you can automatically generate distributions accounts, you must complete the following setup tasks:
1. Creating an Account Rule for the Provider Distribution: Create an account rule for the provider distribution that always generates a constant account combination 3111-531-3611-1511-41110-1121-
1311-0000.
2. Creating an Account Rule for the Receiver Distribution: Create an account rule for the receiver distribution that always generates a constant account combination 3211-542-3611-1511-52231-1121-
1311-0000.
3. Creating a Mapping Set of Provider Organizations: Create a mapping set that maps intercompany provider organizations to specific company segment values. This mapping set is used in the account rule that overrides the intercompany segment of the receiver distribution. For example, map the intercompany provider organization Vision Foods USA Ltd to value 3111.
4. Creating a Mapping Set of Receiver Organizations: Create a mapping set that maps intercompany receiver organizations to specific company segment values. This mapping set will be used in the account rule that will override the intercompany segment of the provider distribution. For example, map the intercompany receiver organization Vision Farms Ltd to the value 3211.
5. Creating a Provider Intercompany Segment Account Rule: Create a rule for the provider intercompany segment that uses the mapping set created in step 3. This rule overrides the intercompany segment value of the account combination generated in step 1.
6. Creating a Receiver Intercompany Segment Account Rule: Create a rule for the receiver intercompany segment that uses the mapping set created in step 4. This rule overrides the intercompany segment value of the account combination generated in step 2.
7. Creating the Transaction Account Definition: Create the transaction account definition to map the account rules previously created.
8. Assigning the Transaction Account Definition to a Ledger: Assign the transaction account definition to your ledger.

NEW QUESTION 41
You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have 10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)

Use BI Publisher to configure the reports and then use bursting to email the reports to theexecutives and Audit Committee

Use a report batch to run reports at a specific time to create a set of snapshot reports

Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

Create aSmartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet

Use OTBI to create multiple reports that you save to a folder that only the users can access

NEW QUESTION 42
Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority. What should be implemented for this type of security?

Data Access Sets

Role-Based Access

Segment Value Security

Cross-Validation Rules

NEW QUESTION 43
Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?

Business Units functions

Data Access Sets

None

Reference Data Sets

NEW QUESTION 44
You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. what would be your recommendation when defining ledgers?

Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.

User Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency

Run Revaluation as often as you need to the more stable currency and report on the more stable currency’s balances.

Define Balane-level Reporting currencies in the more stable currency and run Translation as often as you need.

NEW QUESTION 45
When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).

Financial Reporting Studio

Smart View

Oracle Financial Statement Generator

Financial Reporting Center

NEW QUESTION 46
You need toset up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?

Calendar

Fiscal

Year

Period

NEW QUESTION 47
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)

The Account Rule’s conditions are not defined

The Account Rule’s chart of accounts has no account values assigned

The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set

The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

NEW QUESTION 48
You are creating financial Statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results. How would you achieve this? (Choose Two)

When viewing the report, download to Excel and use Excel’s charting features to create your bar graph

use Account Inspector that automatically creates graphs on financials balances

Use Smart View, which is and Excel Add-on

when designing your financial statement using financial report (FR), embed a chart into your report.

NEW QUESTION 49
Before implementing Financials Cloud, your customerused to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances

In Financials Cloud, you must manually reconcile your intercompany account balances

Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances

Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance

Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances

NEW QUESTION 50
Your customer wants to enable real-time spending controls for transaction amount but does not need General Ledger journals or balances for purchase orders and requisitions Which implementation option should you suggest?

Enable Encumbrance Accounting only

Enable Budgetary Controi or Encumbrance Accounting

Enable Budgets in General Ledger

Enable Budgetary Control and Encumbrance Accounting

Enable Budgetary Control only

Encumbrance:
Reservation of funds is known as encumbrance. The Thesaurus explains the meaning of encumbrance as
‘burden’ or ‘Load’. The purposes of tracking encumbrances are as follows:
1. Avoid overspending a budget
2. To facilitate effective control and consumption of budget by pre-allocating budget amount
3. To Predict cash outflow and as a general planning tool.
Encumbrance is a commitment to pay in the future for goods or services ordered by not yet received.
The terms encumbrance and commitment are used interchangeably. The budget amount can be reduced by the amount of encumbrance as listed below.
1. On creation where approval is not required.
2. On Approval where the approval is required.
When the goods are received or services are obtained and the invoice is created and matched, then the encumbrance is released and the current year expenditure is accounted.
2.2 Encumbrance Accounting:
Encumbrance accounting is a form of budgetary control within Oracle Applications that enables a company to allocate funding for specific accounts. The funds checking feature which is an integral part of encumbrance accounting, checks for availability of funds on a particular accounting combination.
The funds checking feature can be performed either at the entry level itself before committing the transaction or when the approval is made for the transaction. The approval process checks for the funds check level and the approval is made only when the transaction is passed with the funds check process.
2.3Usage:
The complete use of capabilities of encumbrance accounting, users must enable the budgetary control flag for a set of books. When users enable the budgetary control flag, the system automatically creates encumbrances from requisitions, purchase orders and other transactions originating in feeder systems such as Purchasing and Payables. When users do not enable the budgetary control flag, they can still enter manual encumbrances via journal entry, but Users cannot generate encumbrances from requisitions and purchase orders. Users have two options for using encumbrance data to monitor over- expenditure of a budget. After actual and encumbrances have been posted, users can generate reports to show over-expenditures. Users can also use funds checking to prevent over-expenditures before they occur.