Oracle Fusion General Ledger Certification:1Z0-1054-20

Question 5:

How can your Accounting Manager expedite Journal processing during the time critical month end close?

 

Option's:
A.By using the Close Status monitor to drill down on the close status across ledgers
B.By using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Others
C.By running the Journals report using Business Intelligence Publisher
D.By creating an adhoc query on journals using Oracle Transactional Business Intelligence (OTBI)

Answer: C

Answer Explanation: By running the Journals report using Business Intelligence Publisher.

 

Question 6
Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the inter-company payable and receivables transactions.
What statement is correct with regard to setting this up?


Option's:
A.You must assign the corresponding Receivables and Payables Business Units.
B.You only need to assign the Legal Entity and Organization Contact.
C.You must perform additional setup steps for Fusion Payables and Fusion Receivables.
D.You can only associate one Inter-company Organization per Legal Entity.


Answer: A

Answer Explanation: You must assign the corresponding Receivables and Payables Business Units for physical invoices to be generated in Fusion Payables and Fusion Receivables for the inter-company payable and receivables transactions.


Question 7
Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want to easily create eliminating entries for the intercompany activity.
What should you recommend?


Option's:
A.Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
B.There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
C.Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
D.There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.


Answer: B

Answer Explanation: There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.



QUESTION 8
Which two delivered roles can access the full functionality of Functional Setup Manager?


Option's:
A.    Application Implementation Manager
B.    Functional Setup Manager Superuser
C.    Application Implementation Consultant
D.    Any functional user
E.    IT Security Manager


Answer: A,C

Answer Explanation: Application Implementation Manager & Application Implementation Consultant are the two delivered roles can access the full functionality of functional setup manager.