[Mar-2023] Exam Sure Pass Oracle Certification with 1z0-1054-22 exam questions
Real Oracle 1z0-1054-22 Exam Questions Study Guide
Oracle 1z0-1054-22 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 7 |
|
| Topic 8 |
|
| Topic 9 |
|
NEW QUESTION 20
In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)
- A. Smart View
- B. Oracle Enterprise Repository
- C. Financial Reporting Studio
- D. Application Composer
- E. Oracle Transactions Business Intelligence
Answer: A,C,E
NEW QUESTION 21
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 can only associate one Intercompany Organization per Legal Entity
- B. You only need to assign the Legal Entity and Organization Contact
- C. You must have implemented Payables Cloud and Receivables Cloud
- D. You must assign the corresponding Receivables and Payables Business Units
Answer: C,D
NEW QUESTION 22
You need to set 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?
- A. Fiscal
- B. Year
- C. Calendar
- D. Period
Answer: D
NEW QUESTION 23
Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?
- A. Data is summarized across segments that are not mapped to Hyperion Financial Management
- B. The unmapped segments default to future use segments in Hyperion Financial Management
- C. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management
- D. No data is transferred
Answer: C
NEW QUESTION 24
You are defining an income statement report 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?
- A. Nothing. All report are drillable
- B. Allow Expansion in Report Functions
- C. Drill Down in Report Functions
- D. Drill Through in Grid Properties
Answer: C
Explanation:
Reference:
html#FAUGL1192194
NEW QUESTION 25
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?
- A. When designing your financial statement using Financial Report (FR), embed a chart into your report
- B. Use Account Inspector that automatically creates graphs on financial balances
- C. Use Smart View, which is an Excel Add-on
- D. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph
Answer: A
NEW QUESTION 26
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)
- A. The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set
- B. The Account Rule's chart of accounts has no account values assigned
- C. The Account Rule's conditions are not defined
- D. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
Answer: A,D
NEW QUESTION 27
You need to define multiple allocation rules as efficiency as possible.
Which three components can be reused across allocation rules? (Choose three.)
- A. Point of View (POV)
- B. Formulas
- C. Run Time Prompts (RTP)
- D. RuleSets
Answer: B,C,D
NEW QUESTION 28
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. Legal Entities, Business Units, and Chart of Accounts
- B. Chart of Accounts and Business Units
- C. Chart of Accounts
- D. Accounting Calendar
- E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
Answer: C,D
NEW QUESTION 29
Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
- A. Event Class
- B. Journal Line Rule
- C. Journal Entry Rule Set
- D. Event Type
- E. Journal Entry
Answer: B
NEW QUESTION 30
You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?
- A. Two tree versions were not defined
- B. Chart of accounts was not deployed
- C. Accounting Configuration was not submitted
- D. An Audit process needs to be successfully performed before a tree version can be set to Active
Answer: D
Explanation:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/OAACT/F1005378AN156C9.htm
NEW QUESTION 31
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 - Journal Balances Real Time
- B. General Ledger - Journals Real Time
- C. General Ledger - Journal Transaction Balances Real Time
- D. General Ledger - Summary Journals Real Time
Answer: B
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-2018-financials-wn.htm#F4376
NEW QUESTION 32
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 33
Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the budget transfer?
- A. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)
- B. Import Budget Amounts from Spreadsheet (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)
- C. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)
- D. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
Answer: A
NEW QUESTION 34
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 chart of accounts and create a new one.
- B. Change and save the segment qualifier.
- C. Delete the segment and create a new segment with the correct qualifier.
- D. Create a new chart of accounts.
Answer: A
NEW QUESTION 35
The Create Accounting program could not determine the debit side of the journal entry.
Which component of Subledger Accounting determines the debit or credit side of a journal entry?
- A. Journal Accounting Rule
- B. Journal Line Rule
- C. Journal Entry Rule Set
- D. Account Rule
- E. Journal Balances Rule
Answer: C
NEW QUESTION 36
A subsidiary company, in a highly regulated country, where there is a legal requirement to produce fiscal reports under local GAAP, is about to configure their General Ledger.
Given the following:
Subledgers transferring to general ledger must use the local currency.
There is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to address this reporting requirement? (Choose two.)
- A. a reporting currency with the IFRS accounting convention
- B. a primary ledger with the IFRS accounting convention
- C. a primary ledger with the local accounting convention
- D. a secondary ledger with the IFRS accounting convention
- E. a reporting currency with the local accounting convention
Answer: B,E
NEW QUESTION 37
Which tool can you use to create a Financial Income Statement?
- A. PS/nVision
- B. One View Reporting
- C. Account Inspector
- D. Rapid Implementation Enterprise Structures setup
Answer: C
NEW QUESTION 38
Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)
- A. Controller
- B. General Accountant Manager
- C. General Accountant
- D. Financial Analyst
- E. Business Intelligence Administrator (BI Admin)
Answer: B,D,E
NEW QUESTION 39
You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?
- A. Aging Reports
- B. Journals Reports
- C. an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
- D. Account Analysis Reports
Answer: D
NEW QUESTION 40
......
Updated and Accurate 1z0-1054-22 Questions for passing the exam Quickly: https://www.lead2passed.com/Oracle/1z0-1054-22-practice-exam-dumps.html
Download Real 1z0-1054-22 Exam Dumps for candidates. 100% Free Dump Files: https://drive.google.com/open?id=1JlNVH1rObs4Cr4kjIINbN8KmqTRNtiiE
