1Z0-1054 Exam Questions

The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journal attribute should you use to set the auto...

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accoun...

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

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...

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

In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

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 expendi...

Your customer has only licensed Fusion Financials and wants to use approval workflows. Using which page to enter users and assign roles does Oracle consider best practice?

Which two are prerequisites for creating subledger accounting entries?

Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting. What is Oracle's re...

Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting for these products? (Choose two.)

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....

Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to th...

You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given account combination is $5,000 USD. In the sa...

You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities....

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...

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 th...

Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)

Which two statements are true regarding how Intercompany Balancing Rule are defined? (Choose two.)

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

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...

You entered a journal and the client is asking for the following information: - The current account balance - What the future account balance will be if the journal is approved and...

You want to process multiple allocations at the same time. What feature do you use?

Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to...

You want to enter budget data in General Ledger Cloud. Which method is not supported?

Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements ar...

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

You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve thi...

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

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?

You created your first Implementation Project and assigned the Application Implementation Consultant role to your user. However, you are unable to access Oracle Identity Management...

Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?

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...

The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practic...

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

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 purcha...

How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)

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.)