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

QUESTION 56
While troubleshooting the encumbrance entries created for the requisition for your business unit, you noticed that only a few events are triggering the encumbrance journals when you submit he create accounting program.
What are the two events?

 

Option's:
A.    Funds check
B.    Requisition approved
C.    Requisition rejected by the buyer
D.    Submit the requisition for approval
E.    Checkout and Save the requisition.
F.    Create change request on the requisition after submitting requisition for approval.

 

Answer: B,F

Answer Explanation: Requisition approved & Create change request on the requisition after submitting requisition for approval are the two events triggering the encumbrance journals when you submit he create accounting program.

QUESTION 57
You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data. How do you accomplish this?

 

Option's:
A.    Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint
B.    Use Smart View to create reports and charts using general ledger and sub ledger subject areas embed the charts/reports into PowerPoint
C.    Use Smart View and Oracle BIEE View Designer to create reports in PowerPoint, Word, and Excel.
D.    Use Account Inspector and then export to Excel and copy and paste into PowerPoint.

Answer: C 

Answer Explanation:Use Smart View and Oracle BIEE View Designer to create reports in PowerPoint, Word, and Excel.

 
QUESTION 58
Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

 

Option's:
A.    Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively
B.    Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.
C.    Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
D.    Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

Answer: C

Answer Explanation: Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

QUESTION 59
All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships.
What is Oracle's recommend approach to performing consolidations?

 

 Option's:
A.    Use Oracle Hyperion Financial Management for this type of complex consolidation.
B.    Translate balances to the corporate currency, create a chart of accounts mapping to the corporate Chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program.
C.    Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.
D.    Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency and accounting method. Create a separate elimination ledger to enter intercompany eliminations, then create a ledger set across all ledgers and report on the ledger set.

 

 Answer: D

Answer Explanation: Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency and accounting method. Create a separate elimination ledger to enter intercompany eliminations, then create a ledger set across all ledgers and report on the ledger set.