1z0-1054-25 Dumps with Practice Exam Questions Answers
1z0-1054-25 by Oracle Financials Cloud Actual Free Exam Practice Test
NEW QUESTION # 48
You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?
- A. Legal Entities, Business Units, and Chart of Accounts
- B. Chart of Accounts
- C. Accounting Calendar
- D. Chart of Accounts and Business Units
- E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
Answer: B,C
NEW QUESTION # 49
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
- B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
- C. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
- D. Each product has its own Intercompany Accounting feature that needs to be configured separately.
Answer: B,D
Explanation:
According to Oracle documentation1, the following statements are true regarding intercompany accounting for Financials Cloud, Projects, Inventory, and SCM: Each product has its own Intercompany Accounting feature that needs to be configured separately, and Intercompany Balancing Rules are defined centrally and applied across Financials and Projects. Intercompany accounting is the process of recording transactions between related entities within an enterprise or between groups in the same legal entity. Each product has its own Intercompany Accounting feature that enables you to create, process, and reconcile intercompany transactions. Intercompany Balancing Rules are used to generate balancing entries for journals that are out of balance by legal entity or primary balancing segment values. Intercompany Balancing Rules are defined in General Ledger and applied across Financials and Projects. Therefore, options A and C are correct. Option B is incorrect because Intercompany Balancing Rules are not used to balance cross-ledger allocation journals.
Option D is incorrect because Intercompany balancing rules in General Ledger do not need to be mapped with the intercompany configuration in each product.
NEW QUESTION # 50
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
- A. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- B. The report displays all clearing company balancing lines for a period.
- C. The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
- D. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
- E. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
Answer: A,C
Explanation:
According to the Oracle documentation12, the Intercompany Reconciliation Report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison (option C). The report also includes ledger balancing lines generated when the primary balancing segment value is in balance, but either the second or third balancing segment values are not (option B). Option A is incorrect because you can drill down to the general ledger journal, subledger accounting entry, and source receivables or payables transaction2. Option D is incorrect because the report displays the intercompany receivables and intercompany payables balances in summary for a period, and any differences between them1. Option E is incorrect because the report does not display clearing company balancing lines2.
NEW QUESTION # 51
You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'
- A. Third Party Control Account
- B. Financial Category
- C. Start Date
- D. End Date
- E. Reconcile
Answer: B
NEW QUESTION # 52
You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?
- A. Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
- B. Budgeting is not enabled in the Ledger options.
- C. A value for the budget scenario is not created.
- D. Transfer Budget Balances to Budget Cubes has not been run.
- E. The Create Scenario Dimension Members program has not been run.
Answer: C,E
Explanation:
To use the Create Budgets in a Spreadsheet option, you need to have a budget scenario value and a scenario dimension member for your budget. A budget scenario value is a user-defined value that identifies a budget, such as FYXX Budget. A scenario dimension member is a member of the scenario dimension in the General Ledger balances cube that corresponds to a budget scenario value, such as FYXX_Budget. You can create budget scenario values and scenario dimension members using the Manage Budget Scenario Values task or the Create Scenario Dimension Members program. If you do not create these values and members, your budget will not appear in the Budget Name list of values in the spreadsheet. Therefore, the two reasons for your issue are:
* A value for the budget scenario is not created: You need to create a budget scenario value for your budget using the Manage Budget Scenario Values task. This task enables you to define and maintain budget scenario values and their attributes, such as description, start date, end date, and status. You can also specify whether the budget scenario value is enabled for budgeting and reporting. You need to enable the budget scenario value for budgeting to use it in the spreadsheet.
* The Create Scenario Dimension Members program has not been run: You need to run the Create Scenario Dimension Members program to create scenario dimension members for your budget scenario values. This program automatically creates scenario dimension members for all budget scenario values that are enabled for budgeting and do not have existing scenario dimension members. You can run this program manually or schedule it to run periodically. You need to run this program after you create or update budget scenario values to ensure that they are reflected in the scenario dimension.
:
Create Budgets in a Spreadsheet
Manage Budget Scenario Values
Create Scenario Dimension Members
NEW QUESTION # 53
Your customer is a financial institution that needs to maintain average daily balances (ADB).
Which statement is true about this functionality in Oracle Fusion Cloud applications?
- A. Average balances are stored for both subledger and general ledger balances.
- B. Average balances are maintained for both actual and budget balances.
- C. When using ADB, you must define a transaction calendar and assign it to your ledger.
Answer: B
NEW QUESTION # 54
Which three are considered legal jurisdictions?
- A. Post Code
- B. Group of Countries
- C. Identifying Zone
- D. Single Country
- E. State
Answer: B,D,E
NEW QUESTION # 55
In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)
- A. The Data Model
- B. Output type
- C. The layout Template
- D. The Sub Template
- E. The Style Template
Answer: A,B
Explanation:
To add a global branding logo and more predefined transactional attributes to the journal approval email notification, you should copy (or customize) and edit the layout template and the data model. The layout template is a file that defines the appearance and content of the notification, such as text, images, tables, or charts. The data model is a file that defines the data sources and queries that provide data for the notification, such as predefined transactional attributes. You can copy (or customize) and edit the layout template and the data model using Oracle Analytics Publisher reports. You do not need to copy (or customize) and edit the output type, as this is a setting that determines the format of the notification output, such as HTML or PDF.
You do not need to copy (or customize) and edit the style template, as this is a file that defines the styles and formatting of the notification elements, such as fonts, colors, or margins. You do not need to copy (or customize) and edit the sub template, as this is a file that contains reusable content or logic that can be referenced by multiple layout templates. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Configure Workflow Approvals and Notifications 12
NEW QUESTION # 56
You are implementingFinancials Cloudand are usingspreadsheetsto loadLegal Entities, Business Units, and Account Hierarchies.
Which threesetup objectscan be loaded via aspreadsheetfromFunctional Setup Manager?
- A. Complete Accounting Configuration
- B. Setup data for Receivables and Payables product.
- C. Suppliers and Customers
- D. Chart of account values, accounting calendar, and ledger
- E. Banks, Bank Accounts, and Branches
Answer: C,D,E
NEW QUESTION # 57
You are planning to use Financial Reporting Web Studio to create your income statement and balance sheet reports.
Which report component allows you to connect with GL Balances Cube?
- A. Design Canvas
- B. Grid
- C. Point of View
- D. Object Browser
Answer: B
NEW QUESTION # 58
You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)
- A. You have not saved it in the Shared Folder/Custom/Financials directory.
- B. You have not saved it in the MyFolders directory.
- C. You have not downloaded the report to your local drive.
- D. You have not uploaded it to Financial Reporting Center.
Answer: B,D
Explanation:
According to Oracle documentation, two reasons why a Financial Reporting Web Studio report may not appear as a choice in Financial Reporting Center are: You have not saved it in the Shared Folder/Custom
/Financials directory, and you have not uploaded it to Financial Reporting Center. Financial Reporting Web Studio enables you to design and generate reports with grids, charts, images, and text boxes using data from various sources. Financial Reporting Center enables you to access and run all types of reports from a single user interface. To make a Financial Reporting Web Studio report available in Financial Reporting Center, you must save it in the Shared Folder/Custom/Financials directory and upload it to Financial Reporting Center using Workspace. Therefore, options A and C are correct. Option B is incorrect because saving it in the MyFolders directory does not make it available in Financial Reporting Center. Option D is incorrect because downloading it to your local drive does not make it available in Financial Reporting Center.
NEW QUESTION # 59
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
- A. Smart Queries
- B. Smart Slices
- C. Query Designer
- D. Ad Hoc Analysis
Answer: D
Explanation:
To create an Income Statement using Smart View, you should use Ad Hoc Analysis. Ad Hoc Analysis is a Smart View tool that allows users to view and analyze financial data from General Ledger Cloud using Essbase cubes. Users can create reports such as Income Statements or Balance Sheets by selecting dimensions and members from Essbase cubes and retrieving data into Excel worksheets. Users can also perform actions such as drilling down, pivoting, zooming in or out, or expanding or collapsing members
NEW QUESTION # 60
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. This causes delays in reconciliation.
Which feature can be used to proactively notify you of account anomalies in a more timely manner?
- A. Smart View
- B. Financial reports with embedded charts
- C. Account Inspector and its charts
- D. Account Monitor
Answer: D
NEW QUESTION # 61
You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.
You get #Missing instead of a balance. What value did you not specify, which resulted in this?
- A. Intercompany
- B. A particular currency
- C. Product
- D. Cost Center
Answer: B
NEW QUESTION # 62
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?
- A. File-based data import
- B. Budget journal spreadsheet
- C. Enterprise Resource Budget Integrator
- D. Application Developer Framework desktop integrator
Answer: A
NEW QUESTION # 63
You have enabled budgetary control and have a control budget set toAdvisorycontrol level. For September
2016, your budget for a given account combination is$5,000 USD.
In the same month, there is anapproved requisitionfor that account of$900and anapproved purchase order for that account of$2,500 USD. There is also aGeneral Ledger adjustment journal entryfor that account of
$1,600 USD. Anapproved purchase order line of $400 USDis thencanceled.
Aninvoice is matchedto the purchase order for$2,100 USD.
Which two statements are true? (Choose two.)
- A. Purchase order encumbrance will be released for $2,100 USD.
- B. The system always consumes the budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation.
- C. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016.
- D. Funds reservation only happens for non-matched invoices, so the system will not reserve funds.
Answer: A,C
NEW QUESTION # 64
What are two uses of theColumn FlatteningandRow Flatteningfeatures?
- A. Verify correctness of trees.
- B. Set the status of a tree to active.
- C. View information for runtime performance.
- D. Optimize parent/child relationships.
- E. Create additional versions of a tree.
Answer: C,D
NEW QUESTION # 65
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