Ace 1z0-1054-22 Certification with 104 Actual Questions [Q36-Q60]

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Ace 1z0-1054-22 Certification with 104 Actual Questions

PASS Oracle 1z0-1054-22 EXAM WITH UPDATED DUMPS

Oracle 1z0-1054-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Manage Intercompany Balancing Rules and Additional Intercompany and Clearing Options Explain Oracle Transactional Business Intelligence
Topic 2	Configuring Period Close Components Configure and Process Intercompany
Topic 3	Create Allocations and Periodic Entries Processing Intercompany Transactions
Topic 4	Process intercompany reconciliations Configuring Enterprise and Financial Reporting Structures
Topic 5	Configuring Financial Reporting Analyze budgets versus actuals Manage Account Hierarchies
Topic 6	Manage Reporting using Financial Reporting Web Studio Explain the journal approval setup
Topic 7	Manage General Ledger Security Describe intercompany balancing Manage Accounting Calendars

NEW QUESTION 36
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.)

Use the Freeze feauture on the tables to scroll through large amounts of data

Run a Business Intelligence Publisher report with Excel as the output format

Export the table to Excel

Detach the table to resize it to the maximum size of the monitor.

NEW QUESTION 37
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?

Journal Balances Rule

Journal Entry Rule Set

Journal Line Rule

Journal Accounting Rule

Account Rule

NEW QUESTION 38
You have set up a supporting reference with balances to capture revenue by account manager.
Which option should you use to view the supporting reference balances?

an Account Group

an OTBI analysis

a SmartView analysis

General Ledger inquiries and reports

NEW QUESTION 39
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?

Opt in to the Prevent Period Close option for the offering

Set the relevant option on the Specify Ledger Options page

Nothing, this option is enabled automatically

Set the ORA_GL_INCLD_STRICT_PRD_CLOSE profile option to yes

NEW QUESTION 40
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 currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

Run Revaluation as often as you need to the more stable currency and report on the more stable currency’s balances

Run Revaluation to translate into Statistical Currency

Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency

Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency

NEW QUESTION 41
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

NEW QUESTION 42
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

NEW QUESTION 43
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

NEW QUESTION 44
Which two statements are TRUE regarding the Balances Cubes in General Ledger? (Choose two.)

They are updated automatically when the General Ledger period is opened

New dimensions can be added to a General Ledger Balances Cube

They are updated automatically when the Revaluation process is run

A new Balances Cube is created for a unique combination of Ledger and Currency

They are updated automatically when the Translation process is run

NEW QUESTION 45
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

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

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

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

They can use “+” under the Apps section of the News Feed homepage

NEW QUESTION 46
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? (Choose two.)

Uncheck the Enable Posting from the Manage Subledger Accounting Options task.

Journal entry spreadsheets are not impacted by this new function.

Must have separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.

For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.

NEW QUESTION 47
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

NEW QUESTION 48
When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).

Financial Reporting Studio

Smart View

Oracle Financial Statement Generator

Financial Reporting Center

NEW QUESTION 49
Your company has two legal entities in the US (Balancing Segment Values [BSV] 101 and 102), one legal entity in France (BSV 401), and one legal entity in the UK (BSV 402).
Both US legal entities share the same ledger, whereas the UK and France have their own ledgers.
Assuming intercompany transactions are not being entered, what is the minimal action you can take and still configure the ledgers correctly?

You should assign a balancing segment value to identify each legal entity in the US Ledger and assign the balancing segment values to the ledger in the UK and France.

You should assign a balancing segment value to identify each legal entity in the US ledger.

You should assign a balancing segment value to identify each legal entity in each ledger.

You should assign the balancing segment value to the ledger in the US and assign a balancing segment value to identify each legal entity in the UK and France ledgers.

NEW QUESTION 50
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 recommended method to define this chart of accounts?

Define the company segment only and qualify it as both the primary balancing segment and intercompany segment

Define two different charts of accounts

Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance

Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level

NEW QUESTION 51
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

NEW QUESTION 52
Which two statements are true regarding how Intercompany Balancing Rule are defined? (Choose two.)

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

You can only define balancing rules for different journals’ sources. You cannot define balancing rules for different journal categories.

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

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

NEW QUESTION 53
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.)

The Account Rule’s conditions are not defined

The Account Rule’s chart of accounts has no account values assigned

The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set

The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

NEW QUESTION 54
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.

NEW QUESTION 55
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

Posting performance is much faster

Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules

General ledger balances are multidimensional, allowing you to perform robust reporting and analysis

You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously

You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts

NEW QUESTION 56
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.

NEW QUESTION 57
Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?

General Ledger – Journal Transaction Balances Real Time

General Ledger – Journal Balances Real Time

General Ledger – Summary Journals Real Time

General Ledger – Journals Real Time

NEW QUESTION 58
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

Never use the Outer Point of View (POV)

Always use the Outer Point of View (POV)

Specify Run Time Prompts (RTP)

Only specify segment values in formulas

NEW QUESTION 59
You want to achieve multi-step cascading allocations, which feature do you use?

RuleSets

Formulas

Point of View (POV)

General Ledger journal entries

NEW QUESTION 60
Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.
D18912E1457D5D1DDCBD40AB3BF70D5D
After opting in the new feature Spend Authorization with Budgetary Control, what additional three actions need to be accomplished to activate this feature? (Choose three.)

Enable Payment Request Subtypes

Rebuild the GL Balances Cube

Create a Payment Process Profile

Rebuild the Budgetary Control Cube

Enable spend authorization

1z0-1054-22 Questions PDF [2023] Use Valid New dump to Clear Exam: https://www.real4dumps.com/1z0-1054-22_examcollection.html

Ace 1z0-1054-22 Certification with 104 Actual Questions [Q36-Q60]

Oracle 1z0-1054-22 Exam Syllabus Topics:

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