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

QUESTION 13
You need to build a complex account rule. Which four value types can you use in your definition?

Option's:
A.    Value Set
B.    Constant
C.    Existing Account Rule
D.    Account Combination
E.    Mapping Set
F.    Source 

Answer: A,B,C,F

Answer Explanation:  Value Set,Constant,Existing Account Rule & Source to build a complex account rule.

QUESTION 14
You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

 

Option's:
A.    Use SQL to populate the HR interface tables and load employees in bulk.
B.    Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.
C.    Use the "Hire an Employee" user interface to inter each user manually.
D.    Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
E.    Use the “Enter a Supplier" user interface to enter each user manually.

Answer: D

Answer Explanation: Use the spreadsheet available in Oracle Identity Manager (OIM) to import users to enter a high volume of users into the system.

 

QUESTION 15
Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.

What is the solution?

 
Option's:
A.    Create two journal line rules with a condition of supplier type.
B.    Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.
C.    Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.
D.    Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.

Answer: C

Answer Explanation: Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.

QUESTION 16
Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?

 

Option's:
A.    Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
B.    Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
C.    Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
D.    You only need to close Fusion Payables and Receivables periods followed by the Fusion General Ledger's period.

Answer: C 

Answer Explanation: Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.