1Z0-1054-20 Online Practice Questions and Answers

You are using Oracle General Ledger (GL), Oracle Payables and Oracle Receivables and would like to prevent the closure of the GL period if the corresponding subledger period is not closed.

How will you achieve this?

A. Opt in to the Prevent Period Close option for the offering

B. Set the relevant option on the Specify Ledger Options page

C. Nothing, this option is enabled automatically

D. Set the ORA_GL_INCLD_STRICT_PRD_CLOSE profile option to yes

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

A. Approval Groups

B. Dynamic Approval Groups

C. Supervisory level approval

D. Management Chain approval

You want to prevent intercompany transactions from being entered during the last day of the close.

Assuming Intercompany and General Ledger use the same calendar what should you do?

A. Close the General Ledger period in the Manage Accounting Periods page

B. Close Intercompany periods in Oracle Intercompany

C. Close all intercompany subledger periods

D. Freeze the Intercompany journal source in General Ledger

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

At what level can you override the default accounting attribute assignment?

A. Event Type

B. Journal Line Rule

C. Journal Entry

D. Event Class

E. Journal Entry Rule Set

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?

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

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

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

D. The subledger accounting option is set to system date.

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

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

Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only in 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. Define budgetary control at ledger level and only encumbrance controls at the business units.

B. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing.

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 Procurement, Expense Management, Payable Invoicing, and Receiving.

E. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning.

F. Define control for business unit two to disable control for Requisitioning, Procurement, Expense Management, and Receiving.

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

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

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

C. They can have the System Administrator configuring pages for them using Page Composer

D. They can use "+" under the Apps section of the News Feed homepage