1Z0-1054-20 Dumps

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Vendor: Oracle

Certifications: Enterprise Resource Planning (ERP)

Exam Name: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials

Exam Code: 1Z0-1054-20

Total Questions: 55 Q&As ( View Details)

Last Updated: Mar 19, 2024

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1Z0-1054-20 Q&A's Detail

Exam Code: 1Z0-1054-20
Total Questions: 55
Single & Multiple Choice 55

1Z0-1054-20 Online Practice Questions and Answers

Questions 1

You are defining an income statement report using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report.

What should you enable to allow this?

A. Nothing. All report are drillable

B. Drill Through in Grid Properties

C. Drill Down in Report Functions

D. Allow Expansion in Report Functions

Show Answer
Questions 2

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

A. All ledgers engaged in an intercompany transaction must share the same chart of accounts to define balancing rules

B. You can only define balancing rules for different journal's sources. You cannot define balancing rules for different journal categories

C. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment values

D. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

Show Answer
Questions 3

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.)

A. The rules validate and apply to new accounts only

B. You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules

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

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

E. The rules will validate and apply to new and existing accounts

Show Answer
Questions 4

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?

A. 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

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

C. 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

D. Define multiple ledgers for consolidation and report on ledger set

Show Answer
Questions 5

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.

What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A. Data is summarized across segments that are not mapped to Hyperion Financial Management

B. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management

C. No data is transferred

D. The unmapped segments default to future use segments in Hyperion Financial Management

Show Answer More Questions

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