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

QUESTION 48
In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles?

 

Option's:
A.   They can format each table by hiding and showing columns, moving columns, and resizing columns.
B.   They can use Personalization to move and remove regions from those pages.
C.   Users have very little control customizing their Dashboards and Work Areas; they can only resize columns.
D.   They can have the System Administration customize pages for them using Page Composer.

Answer: C

Answer Explanation: Users have very little control customizing their Dashboards and Work Areas; they can only resize columns.

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QUESTION 49
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?

 

Option's:
A.    Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
B.    Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
C.    Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
D.    Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.

Answer: C

Answer Explanation: Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.


QUESTION 50
Which three objectives must be considered when designing the chart of accounts?

 

Option's:
A.    Effectively manage an organization's financial business.
B.    Consider implementing a single, global chart of accounts
C.    Anticipate growth and maintenance needs as organizational changes occur.
D.    Limit the number of segments to those you need today to reduce data entry.
E.    Try to use all 30 segments and 25 characters per segment because you cannot change It later.

 

Answer: A,B,C

Answer Explanation: Effectively manage an organization's financial business , Consider implementing a single, global chart of accounts & Anticipate growth and maintenance needs as organizational changes occur.

 

QUESTION 51
Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?

 

Option's:
A.    Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
B.    Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
C.    Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
D.    In Fusion Financials, you must manually reconcile your intercompany account balances.
E.    Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.

 

Answer: B

Answer Explanation: Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.