[Jul 20, 2023] 1z0-1054-22 Exam Dumps - Oracle Practice Test Questions [Q68-Q88] : IT Certification Exam Braindumps : http://blog.braindumpsit.com

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[Jul 20, 2023] 1z0-1054-22 Exam Dumps - Oracle Practice Test Questions [Q68-Q88]

[Jul 20, 2023] 1z0-1054-22 Exam Dumps - Oracle Practice Test Questions

New Real 1z0-1054-22 Exam Dumps Questions

The Oracle 1z0-1054-22 exam consists of 60 multiple-choice questions and must be completed within 120 minutes. A passing score of 63% is required to earn the certification. 1z0-1054-22 exam is available in English and Japanese and can be taken at any Pearson VUE testing center.

NEW QUESTION 68
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 69
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

Smart Queries

Smart Slices

Ad Hoc Analysis

Query Designer

NEW QUESTION 70
Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers. You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

You can download the template only from the Manage Chart of Accounts Mappings page.

It supports external integration using REST services.

You can create, update, and delete account rules for a chart of accounts mapping.

You can create, update, and delete segment rules for a chart of accounts mapping.

NEW QUESTION 71
Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)

You only need to assign the Legal Entity and Organization Contact

You can only associate one Intercompany Organization per Legal Entity

You must have implemented Payables Cloud and Receivables Cloud

You must assign the corresponding Receivables and Payables Business Units

NEW QUESTION 72
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 minority interest or partial ownerships. What is Oracle’s recommended approach to performing consolidations?

Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program

Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.

Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.

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

NEW QUESTION 73
The expense account of airfare was erroneously assigned to the account type “Liability”. Which method should you choose to fix the problem?

Deactivate the value

Run the “Segment Value Inheritance” program

Run the “Correct Misclassified Account” program

Run the “Update Balance Cube Chart of the Accounting Dimension” program

NEW QUESTION 74
You have a requirement for the Intercompany Provider and Receiver distribution accounts to be created automatically for all intercompany transactions.
What should you configure?

a Provider and Receiver distribution set

Intercompany transaction type default accounts

the AutoAccounting Definition

the Transaction Account Definition

NEW QUESTION 75
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 to enable?

Drill Through in Grid Properties

Nothing. All report balances are drillable in all FR Studio reports

Allow Expansion

Report Functions

NEW QUESTION 76
Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.
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

NEW QUESTION 77
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.
What type of report will provide this type of information?

Account Analysis Reports

Aging Reports

an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances

Journals Reports

NEW QUESTION 78
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 three.)

You must map legal entities to balancing segment values in order to use a clearing company

If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger

Clearing companies are not supported

If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity

If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal

NEW QUESTION 79
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 automatic posting criteria?

Journal Source

Journal Category

Journal Batch

Journal Description

NEW QUESTION 80
Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.
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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

NEW QUESTION 81
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 82
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 situation?

Make sure to flatten the rows of the tree version

Make sure the tree is active

Make sure the tree version was published successfully

Redeploy the chart of accounts

NEW QUESTION 83
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 posted How will you get this information?

Query the account balance online

Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances

View the Projected Balances region in the Create Journals page

Run a Trial Balance before and after posting

NEW QUESTION 84
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 85
Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)

Controller

General Accountant

General Accountant Manager

Business Intelligence Administrator (BI Admin)

Financial Analyst

NEW QUESTION 86
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 intercompany segment with a default value.

Share the same value set for the company and intercompany segments.

Define the company segment and assign both the primary balancing segment and intercompany segment labels.

Create two different value sets for the company and intercompany segments.

NEW QUESTION 87
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?

Application Development Framework Desktop Integration Budget Balances Report

Account Monitor

Smart View

Account Inspector

NEW QUESTION 88
You have noticed that a lot of erroneous address data is being saved. You want to ensure that only valid addresses are entered in the system.
How do you achieve this?

Redefine the location structure.

Redefine the geography hierarchy.

Define the geography validation for country option to Error.

Define the geography validation for country option to No Validation.

Oracle 1z0-1054-22 exam is designed to validate the skills and knowledge of professionals who have experience in implementing Oracle Financials Cloud: General Ledger 2022. Oracle Financials Cloud: General Ledger 2022 Implementation Professional certification exam covers a range of topics related to financial management, including financial reporting, accounting, and financial controls.

Pass Your 1z0-1054-22 Exam Easily with Accurate PDF Questions: https://www.braindumpsit.com/1z0-1054-22_real-exam.html

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