[Q59-Q83] 100% Free 1z0-1054-22 Exam Dumps Use Real Oracle Financials Cloud Dumps With 104 Questions!

08Mar 2023 by admin No Comments

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100% Free 1z0-1054-22 Exam Dumps Use Real Oracle Financials Cloud Dumps With 104 Questions!

Pass Your 1z0-1054-22 Exam Easily With 100% Exam Passing Guarantee [2023]

Oracle 1z0-1054-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Manage General Ledger Security Describe intercompany balancing Manage Accounting Calendars
Topic 2	Create Allocations and Periodic Entries Processing Intercompany Transactions
Topic 3	Manage Legal Jurisdictions, Legal Authorities and Legal Entities Explain the General Ledger Balances Cube
Topic 4	Explain the Financial Reporting Center and available reporting tools Manage Chart of Accounts Security
Topic 5	Configuring Financial Reporting Analyze budgets versus actuals Manage Account Hierarchies
Topic 6	Process intercompany reconciliations Configuring Enterprise and Financial Reporting Structures
Topic 7	Configuring Period Close Components Configure and Process Intercompany
Topic 8	Manage Reporting using Financial Reporting Web Studio Explain the journal approval setup
Topic 9	Describe the General Accounting Dashboard and Work Areas Describe Smart View accounting inquiry and analysis

QUESTION 59
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.

Create a new chart of accounts.

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

Change and save the segment qualifier.

Delete the chart of accounts and create a new one.

QUESTION 60
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle’s recommended approach to performing consolidations?

Use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment

Use Oracle Hyperion Financial Management for this type of complex consolidation

Use General Ledger’s Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.

Define multiple ledgers for consolidation and report on ledger set

QUESTION 61
You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?

Freeze the Intercompany journal source in General Ledger

Close all subledger periods

Close the General Ledger period in the Manager Accounting Periods page

Close Intercompany periods in Fusion Intercompany

QUESTION 62
On which three occasions are Essbase balances updated? (Choose three.)

every time the tree version is published

every time you run the batch program called “Update Essbase Balances”

every time you open a new period

every time journals are posted to the general ledger

at report run-time

QUESTION 63
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

The budget journal spreadsheet

Enterprise Resource Budget Integrator

File Based Data Import

Application Developer Framework Desktop Integrator

QUESTION 64
You want to monitor the close process of all financial subledgers and ledgers.
How can you quickly obtain this information?

Use the Manage Accounting Periods page to view the status of all subledgers and ledgers

Access each subledgers’ calendar and General Ledger’s Manage Accounting Periods page to view the status of each period

Run Closing Status reports

Use Close Monitor in General Accounting Dashboard

QUESTION 65
You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform? (Choose two.)

Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger

Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions

Define Journal Conversion Rules that exclude subledgers

Assign a Subledger Accounting Method to the secondary ledger

Define Supporting References with balances

QUESTION 66
Which feature outside of reporting and analysis leverages the Essbase cube?

revaluations and translation to revalue and translate currencies stored in the Essbase cube

calculation manager to perform allocations based on multidimensional balances and budgets

period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync

journal entries and journal approval to create journals that update balances to the cube directly

QUESTION 67
What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA)? (Choose three.)

Cloud customers can use both OTBI and OBIA

OTBI allows you to create custom reports from real-time transactional data against the database directly

OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.

Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.

OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

QUESTION 68
All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle’s recommended approach to performing consolidations?

Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program

Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.

Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.

Use Oracle Hyperion Financial Management for this type of complex consolidation.

QUESTION 69
You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?

Two tree versions were not defined

An Audit process needs to be successfully performed before a tree version can be set to Active

Accounting Configuration was not submitted

Chart of accounts was not deployed

QUESTION 70
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?

One, because they can all share the same chart of accounts

Three, because each requires a different currency

Two, because the US and Canada can share the same ledger because they are in North America

Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting

QUESTION 71
What is the most efficient way to add a new year to the accounting calendar?

Import the periods from a spreadsheet

The application automatically populates the next year when you open the first period of a new fiscal year

Add the periods manually

Use the Add Year button

QUESTION 72
After loading your budget data into General Ledger Cloud, you can view budget balances using these features. Which feature does not belong on the list?

Application Development Framework Desktop Integration Budget Balances Report

Account Monitor

Smart View

Account Inspector

QUESTION 73
You are defining intercompany balancing rules that are applied to a specific source and category, such as payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)

You can create a rule for all sources and categories by selecting the source “Other” and the category “Other”.

If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.

You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.

Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.

QUESTION 74
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

You can only drill down to the general ledger journal and then from there to the subledger journal entry.

This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions.

This report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

This report displays the intercompany receivables and intercompany payables balances in summary for a period.

QUESTION 75
Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/19 was recorded for a purchase order.
The invoice was entered on 5/5/19, but the invoice accounting date was 4/20/19. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/19.
What is causing this?

The actual accounting date was set up under the encumbrance accounting Default Date Rule

The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

The subledger accounting option is set to system date

The system date was set up under the encumbrance accounting Default Date Rule

The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule

QUESTION 76
Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI).
Which represents the appropriate upload steps?

Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.

Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.

Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.

Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.

QUESTION 77
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

Account Monitor

Financial Reports with Embedded charts

Smart View

Account Inspector and its charts

QUESTION 78
You have a requirement for the Intercompany Provider and Receiver distribution accounts to be created automatically for all intercompany transactions.
What should you configure?

a Provider and Receiver distribution set

Intercompany transaction type default accounts

the AutoAccounting Definition

the Transaction Account Definition

QUESTION 79
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products

You can use hierarchies to define rules

When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts

The Segment Value Security rules do not take effect until you assign the rules to users and products

QUESTION 80
You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?

Funds available will change when the invoice is approved

The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD 100

The budget will increase by USD 100 and the funds available will decrease by USD 100

The budget and funds available will increase by USD 100

QUESTION 81
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

QUESTION 82
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 the executives 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 a Smartview 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

QUESTION 83
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 and 01-000-7640-00
Which two statements are true regarding cross-validation rules? (Choose two.)

The rules validate and apply to new accounts only
D18912E1457D5D1DDCBD40AB3BF70D5D

You need to run the Cross-Validation Rules process to list and optionally disable 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 Creation Allowed is not enabled for your chart of accounts instance

The rules will validate and apply to new and existing accounts

Study resources for the Valid 1z0-1054-22 Braindumps: https://www.practicematerial.com/1z0-1054-22-exam-materials.html

Oracle 1z0-1054-22 Exam Syllabus Topics:

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