Exam Dumps 1Z0-1054-21 Practice Free Latest Oracle Practice Tests [Q10-Q26]

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Exam Dumps 1Z0-1054-21 Practice Free Latest Oracle Practice Tests

1Z0-1054-21 Exam Questions | Real 1Z0-1054-21 Practice Dumps

NEW QUESTION 10
How do Cross Validation Rules(CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage

CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers

CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.

NEW QUESTION 11
You need toset up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?

Calendar

Fiscal

Year

Period

NEW QUESTION 12
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

When you enable Segment Value Security on a segment, users will notbe able to access any values until you grant access to users and products

You can use hierarchies to define rules

When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts

The Segment Value Security rules do not take effect until you assign the rules to users and products

NEW QUESTION 13
You want toprevent intercompany transactions from being entered during the last day of the close. What should you do?

Freeze the Intercompany journal source in General Ledger

Close all subledger periods

Close the General Ledger period in the Manager Accounting Periods page

Close Intercompany periods in Fusion Intercompany

NEW QUESTION 14
You are defining an income statement report. You want to allow viewers ofthe 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 15
Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?

General Ledger – Journal Transaction Balances Real Time

General Ledger – Journal Balances Real Time

General Ledger – Summary Journals Real Time

General Ledger – Journals Real Time

NEW QUESTION 16
You have enabled budgetary control and have a control budget set to Advisory control level. ForSeptember
2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

No change

Purchase order encumbrance will be released for $2,100 USD

Funds reservation only happens for non-matched invoices, so the system will not reserve funds

As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016

The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation

NEW QUESTION 17
Encumbrance accounting is enabled for your ledger. An encumbrance journal dated3/15/19 was recorded for a purchase order.
The invoice was entered on 5/5/19, but the invoice accounting date was 4/20/19. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/19.
What is causing this?

The actualaccounting date was set up under the encumbrance accounting Default Date Rule

The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

The subledger accounting option is set to system date

The system date was set up under the encumbrance accounting Default Date Rule

The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule

NEW QUESTION 18
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 deletionprocess completes, what additional process must you run?

Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

NEW QUESTION 19
You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business.
As a consequence, you need to manage your business in a morestable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

Run Revaluation as often as you need to the more stable currency and report on the more stable currency’s balances

Run Revaluation to translate into Statistical Currency

Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency

Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency

NEW QUESTION 20
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

Users have very little control their Springboards and Work Areas; they can only resize columns

They can use Personalization to move and remove regions from those pages

They can have the System Administration customize pages for them using Page Composer

They can format each table by hiding and showing columns, moving columns, and resizing columns

NEW QUESTION 21
You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

whether to enforce an enterprise-widecurrency or allow intercompany transactions in local currencies

whether to allow receivers to reject intercompany transactions

automatic or manual batch numbering and the minimum transaction amount

automatic or manual batch numbering and the maximum transaction amount

the approvers who will approve intercompany transactions

NEW QUESTION 22
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?

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

The Encumbrance Year End Carry Forward processwill run for all the accounts to carry forward the general ledger balances

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.

If you have included 5020 and5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will becarried forward

NEW QUESTION 23
When creating your financial statements, you would like to have a chart, such as a bar graph, included in the report output.
Which two reporting tools allow you to achieve this? (Choose two.)

Financial Reporting Studio

Account Inspector

Smart View

Financial Statement Generator

NEW QUESTION 24
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

They can format certain tables by hiding and showing columns, moving columns, and resizing columns

Users have very little control configuring their Springboards and Work Areas; they can only resize columns

They canhave the System Administrator configuring pages for them using Page Composer

They can use “+” under the Apps section of the News Feed homepage

NEW QUESTION 25
How can your Accounting Manager expedite journal processing during the time-critical month-end close?

by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)

by running the Journals report using Business Intelligence Publisher

by using the Journals region to view journals Requiring Attention, RequiringApproval, and Pending Approval from Other

by using the Close Status monitor to drill down on the close status across ledgers

NEW QUESTION 26
You are defining an income statementreport using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report.
What should you enable to allow this?

Nothing. All report are drillable

Drill Through in Grid Properties

Drill Down in Report Functions

Allow Expansion in Report Functions