1Z0-1054 Exam Questions

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 an...

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

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

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

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

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 Oracl...

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

Which tool can you use to create a Financial Income Statement?

How can your Accounting Manager expedite journal processing during the time-critical month-end close?

You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)

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.)

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment. What is Oracle's reco...

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General...

Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the budget transfer?

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.)

Your customer wants to have balance sheets and income statements for its cost center and program segments. That is, the customer wants to have three balancing segments. Which two r...

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

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 can...

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 cur...

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

Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Cho...

You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart o...

Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily c...

Your customer wants to use a clearing company to automatically balance intercompany entries. Which three statements are true regarding the use of a clearing company value? (Choose...

You want to automatically post journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-...

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 minori...

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...

Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation?...

Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments. Which two recommen...

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 do you need...

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this...

You are setting up Close Monitor, which compromises a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share?...

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

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended practice when implementing a new ch...

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

You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

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?

Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country wit...

You need to define multiple allocation rules as efficiency as possible. Which three components can be reused across allocation rules? (Choose three.)

What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

You need to build a complex account rule. Which four value types can you use in your definition?

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 bud...

What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)

Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the...

Which reporting tool is best suited for submitting high-volume transactional reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data...

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

You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

You lust submitted the Accounting Configuration. Which two statements are correct?

You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)