1z0-1054-23 by Oracle Actual Free Exam Q&As

Question 1

Which two statements are true about the Intercompany Reconciliation report?

A. You can only drill down to the General Ledger journal and then from there to the Subledger journal entry. B. It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison. C. It displays the intercompany receivables and intercompany payables balances in summary for a period. D. It displays all clearing company balancing lines for a period. E. It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

Discussion 0

Correct Answer: B,C Vote an answer

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Question 2

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. Each product has its own Intercompany Accounting feature that needs to be configured separately. D. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.

Discussion 0

Correct Answer: B,C Vote an answer

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Question 3

Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Aliasfeature and would like to see how the aliases willappear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note:
. Prefix your alias name with 07, where 07 is your exam ID.
. There is no Product or Intercompany impact.

Discussion 0

Correct Answer:

See the Explanation for the complete Solution.
Explanation
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Shorthand Aliases
Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
Click on the Add Row icon to create a new alias. Enter the following information:
Alias Name: RevDom
Account Template: 101-2000-400000-000-000-000
Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center Enabled: Yes Start Date: Today's date End Date: Blank Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
Account Aliases
Enter a GL Account Alias
Short Hand Alias in Fusion Financials Key Flexfield
How to Enable Account Shorthand Aliases

Question 4

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.)

A. You can create, update, and delete segment rules for a chart of accounts mapping. B. You can download the template only from the Manage Chart of Accounts Mappings page. C. You can create, update, and delete account rules for a chart of accounts mapping. D. It supports external integration using REST services.

Discussion 0

Correct Answer: A,C Vote an answer

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Question 5

Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)

A. Business Process Management Workspace B. Enterprise Performance Management Workspace C. Universal Content Management Workspace D. Scheduled Processes E. Reports and Analytics

Discussion 0

Correct Answer: B,E Vote an answer

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Question 6

You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

A. by creating Cross-Validation Rules desktop-integrated spreadsheet. B. by using the Manage General Ledger Security page. C. by using Cross-Validation Rules Import file-based data import (FBDI). D. by using the Manage Cross-Validation Rules page.

Discussion 0

Correct Answer: C Vote an answer

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Oracle Financials Cloud: General Ledger 2023 Implementation Professional - 1z0-1054-23 Exam Practice Test