Saturday, December 5, 2020

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


QUESTION 44
You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?

 

Option's:
A.    Use the spreadsheet loader from the Currency Rates Manager.
B.    Import daily rates through the Daily Rates open interface table.
C.    Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager
D.    Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area.
E.    Edit existing transactions and update the rates manually.


Answer: B,C,D

Answer Explanation: Import daily rates through the Daily Rates open interface table & Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager & Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area to change today's daily rates for converting GBP to USD.


QUESTION 45
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

 

Option's:
A.   OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source application
B.   Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
C.   OBIA works for multiple sources including E-Business Suite, People Soft, JD Edwards, SAP, and Fusion Applications.
D.   OTBI allows you to create custom reports from real-time transnational data against the database directly
E.   Cloud customers can use both OTBI and OBIA. 

 

Answer: B,C,D

Answer Explanation:  Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance , OBIA works for multiple sources including E-Business Suite, People Soft, JD Edwards, SAP, and Fusion Applications & OTBI allows you to create custom reports from real-time transnational data against the database directly.


QUESTION 46
Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

 

Option's:
A.    Detach the table to resize it to the maximum size of the monitor
B.    Export the table to Excel.
C.    Run a Business Intelligence Publisher report with Excel as the output format.
D.    Use the Freeze feature on the tables to scroll through large amounts of data.


Answer: A,B

Answer Explanation: Detach the table to resize it to the maximum size of the monitor & Export the table to Excel.



QUESTION 47
You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies.


Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

 

Option's:
A.    complete Accounting Configuration
B.    Suppliers and Customers
C.    Banks, Bank Accounts, and Branches
D.    chart of account values, accounting calendar, and ledger
E.    setup data for Receivables and Payables product.


Answer: B,C,D 

Answer Explanation: 'Suppliers and Customers' , 'Banks, Bank Accounts, and Branches' and  'Chart of account values, accounting calendar, and ledger'.



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