1Z1-1004 by Oracle Actual Free Exam Q&As

Question 1

Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)

A. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance. B. OTBI allows you to create custom reports from real-time transactional data against the database directly C. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications. D. Cloud customers can use both OTBI and OBIA E. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Discussion 0

Correct Answer: B,C,E Vote an answer

Question 2

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?

A. Journal Source B. Journal Description C. Journal Batch D. Journal Category

Discussion 0

Correct Answer: A Vote an answer

Question 3

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

A. Only specify segment values in formulas B. Never use the Outer Point of View (POV) C. Always use the Outer Point of View (POV) D. Specify Run Time Prompts (RTP)

Discussion 0

Correct Answer: D Vote an answer

Question 4

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

A. You must assign the job role and data security context to each user B. A Data Access Set with full read/write access to the ledger is automatically created C. You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration D. You must re-deploy the chart of accounts

Discussion 0

Correct Answer: A,B Vote an answer

Question 5

The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?

A. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations. B. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations. C. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations. D. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Discussion 0

Correct Answer: A Vote an answer

Question 6

Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

A. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances B. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances C. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance D. In Financials Cloud, you must manually reconcile your intercompany account balances E. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances

Discussion 0

Correct Answer: C Vote an answer

Question 7

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order.
The invoice was entered on 5/5/16, but the invoice accounting date was 4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/16.
What is causing this?

A. The system date was set up under the encumbrance accounting Default Date Rule B. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule C. The subledger accounting option is set to system date D. The actual accounting date was set up under the encumbrance accounting Default Date Rule E. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

Discussion 0

Correct Answer: E Vote an answer

Question 8

You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts B. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products C. The Segment Value Security rules do not take effect until you assign the rules to users and products D. You can use hierarchies to define rules

Discussion 0

Correct Answer: B,D Vote an answer

Oracle Financials Cloud: General Ledger 2018 Implementation Essentials - 1Z1-1004 Exam Practice Test