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Oracle Accredited Professional, Oracle 1z0-1054-20: Oracle Financials Cloud: Major General Ledger 2020 Deployment Administrator qualification is not the hardest Oracle certification exam, but it is likely to fail without training. It is also strongly advised that candidates plan well by taking 1z0-1054-20 practice exams. Any remaining unanswered queries are viewed as wrong, so after reviewing 1z0-1054-20 exam dumps you can address all questions. Oracle Certification has certain examination policies that help applicants understand the process and conditions. Candidates for the 1Z0-1054-20 Oracle examination must therefore pass the examination policies and obtain details. Certificate credentials for Oracle Cloud will be valid for just 18 months after passing the examination. At the end of 18 months, this certificate is inactive. For Oracle applicants, active certification is required to have access to different certification advantages such as the use of Oracle certification logos, credentials, scoring reports, digital insignias and certification checks. In addition, the Oracle Cloud Certifications are continually updated year-round with major product and service launches to be kept up to date and published annually with a new title. Therefore, the current iteration of the test must be recertified. The examination registration is permitted on the 14th day after the examination failure. A non-procured online examination can be conducted at any time. You can not take an exam again at any time. In a 12-month cycle, only four attempts will pass an exam. A failing master assignment is required to be submitted within 30 days of receiving the notice of default. You can go to pearsonvue.com/oracle to cancel or reschedule the examination and log in. You have to choose one of the choices on the right side of the page: Return a test or cancel a test. But your complete examination fee is forfeited if you do not appear for a scheduled examination. If you pay the examination fee by means of a voucher, the voucher for future use is not validated.
NEW QUESTION 43
Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only in Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.
Which two statements are correct? (Choose two.)
- A. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning.
- B. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit.
- C. While defining control for business unit one, disable control for Procurement, Expense Management, Payable Invoicing, and Receiving.
- D. Define control for business unit two to disable control for Requisitioning, Procurement, Expense Management, and Receiving.
- E. Define budgetary control at ledger level and only encumbrance controls at the business units.
- F. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing.
Answer: C,D
Explanation:
Explanation/Reference:
NEW QUESTION 44
During implementation, a consultant accidentally designated the cost center segment as the natural account.
Values have already been assigned and journals have been posted.
Select the process that allows you to change the qualifier back to cost center qualifier.
- A. Delete the segment and create a new segment with the correct qualifier.
- B. Create a new chart of accounts.
- C. Delete the chart of accounts and create a new one.
- D. Change and save the segment qualifier.
Answer: C
NEW QUESTION 45
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?
- A. CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table
- B. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
- C. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
- D. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
Answer: A
NEW QUESTION 46
Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?
- A. General Ledger - Journals Real Time
- B. General Ledger - Summary Journals Real Time
- C. General Ledger - Journal Balances Real Time
- D. General Ledger - Journal Transaction Balances Real Time
Answer: A
Explanation:
Explanation
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-2018-financials-wn.htm#F43
NEW QUESTION 47
What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA)? (Choose three.)
- A. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
- B. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications
- C. OTBI allows you to create custom reports from real-time transactional data against the database directly
- D. Cloud customers can use both OTBI and OBIA
- E. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
Answer: A,B,C
NEW QUESTION 48
The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.
The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values for the accountant to select in the Suspense Account.
What is the reason for this?
- A. A cross validation rule is in place to prevent the resulting combination from being created
- B. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page
- C. There is a primary balancing segment attached to the legal entity of the primary ledger
- D. The general accountant has a segment value security rule assigned which restricts access to that cost center
Answer: A
Explanation:
Explanation/Reference: https://docs.oracle.com/en/cloud/saas/financials/20c/faiac/implementing-accounting-hub.pdf
NEW QUESTION 49
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 Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- B. Submit the Create Scenario Dimension Members 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 General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
Answer: D
NEW QUESTION 50
Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?
- A. Only obligation type will have $400 USD funds available
- B. $400 USD will be added back to available funds
- C. Invoice type will have less funds available by $400 USD
- D. $400 USD will be expired and not available for use
- E. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of
$400 USD
Answer: D
NEW QUESTION 51
Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments. Which three statements are true regarding the creation of a control budget? (Choose three.)
- A. A control budget can be associated with a different calendar than accounting calendar
- B. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
- C. A control budget can allow override rules only if the control level is absolute
- D. Control budgets are always absolute to generate encumbrance accounting
- E. The control budget structure has all the chart of account segments as budget segments
Answer: A,C,D
NEW QUESTION 52
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)
- A. Sunburst reports
- B. Account Inspector
- C. Online Transactional Business Intelligence
- D. Smart View
- E. Account Monitor
Answer: B,D,E
NEW QUESTION 53
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
- A. This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions.
- B. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
- C. This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- D. This report displays the intercompany receivables and intercompany payables balances in summary for a period.
- E. This 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.
Answer: C,D
Explanation:
Explanation/Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/ocuar/oracle-fusion-intercompany- reports.html#OCUAR1573663
NEW QUESTION 54
What is the most efficient way to add a new year to the accounting calendar?
- A. Use the Add Year button
- B. Add the periods manually
- C. The application automatically populates the next year when you open the first period of a new fiscal year
- D. Import the periods from a spreadsheet
Answer: A
NEW QUESTION 55
The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?
- A. Budget Group
- B. Budget Controller
- C. Budget Account Group
- D. Application Development Framework Desktop Integration (ADFdi)
- E. Account Group
Answer: E
NEW QUESTION 56
Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)
- A. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
- B. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
- C. Define budgetary control at ledger level and only encumbrance control at the business units
- D. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
- E. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
- F. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
Answer: A,B
NEW QUESTION 57
You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)
- A. Chart of Accounts and Business Units
- B. Accounting Calendar
- C. Legal Entities, Business Units, and Chart of Accounts
- D. Chart of Accounts
- E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
Answer: B,D
NEW QUESTION 58
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?
- A. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
- B. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- C. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- D. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
- E. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
Answer: D
NEW QUESTION 59
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.)
- A. You only need to assign the Legal Entity and Organization Contact
- B. You must have implemented Payables Cloud and Receivables Cloud
- C. You can only associate one Intercompany Organization per Legal Entity
- D. You must assign the corresponding Receivables and Payables Business Units
Answer: B,D
NEW QUESTION 60
You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have 10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)
- A. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
- B. Use a report batch to run reports at a specific time to create a set of snapshot reports
- C. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
- D. Use OTBI to create multiple reports that you save to a folder that only the users can access
- E. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
Answer: A,B
NEW QUESTION 61
Which reporting tool is best suited for submitting high-volume transactional reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?
- A. Business Intelligence Publisher (BI Publisher)
- B. Financial Reporting Center
- C. Smart View
- D. Oracle Data Visualization Cloud Service
- E. Oracle Transactional Business Intelligence (OTBI)
Answer: A
NEW QUESTION 62
You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)
- A. whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
- B. whether to allow receivers to reject intercompany transactions
- C. the approvers who will approve intercompany transactions
- D. automatic or manual batch numbering and the minimum transaction amount
- E. automatic or manual batch numbering and the maximum transaction amount
Answer: A,B,D
NEW QUESTION 63
The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.
The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values for the accountant to select in the Suspense Account.
What is the reason for this?
- A. A cross validation rule is in place to prevent the resulting combination from being created
- B. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page
- C. There is a primary balancing segment attached to the legal entity of the primary ledger
- D. The general accountant has a segment value security rule assigned which restricts access to that cost center
Answer: A
NEW QUESTION 64
When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).
- A. Oracle Financial Statement Generator
- B. Smart View
- C. Financial Reporting Center
- D. Financial Reporting Studio
Answer: C,D
Explanation:
Explanation/Reference: https://docs.oracle.com/en/cloud/saas/financials/20c/faugl/financial-reporting-and- analysis.html#FAUGL513446
NEW QUESTION 65
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?
- A. Drill Through in Grid Properties
- B. Nothing. All report balances are drillable in all FR Studio reports
- C. Report Functions
- D. Allow Expansion
Answer: A
NEW QUESTION 66
You are creating values for the chart of account value set that you are planning to use for the account segment within your Chart of Accounts.
You are not able to assign an Account Type. What is the reason for this?
- A. You have not set the Allow Posting attribute for the value set
- B. The Account Type qualifier has not been enabled when defining the value set
- C. You have not set the Allow Budgeting attribute for the value set
- D. You are creating values before assigning the value set to the structure
Answer: A
NEW QUESTION 67
You entered the following information in the Companies and Legal Entities tab of the Rapid Implementation Spreadsheet:
Assuming currency is left blank in the Ledger worksheet, how many Ledgers will the process create?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 68
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