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

QUESTION 68
Which two are prerequisites for creating sub ledger accounting entries?

Option's:
A.    Completing accounting transformation definition and activating Sub ledger Journal Entry Rule Set assignments for the Accounting Method
B.    Populating supporting reference information in reference objects
C.    Selecting source values from transaction objects
D.    Creating sub ledger accounting events
E.    Completing pre accounting validation 

Answer: B,E

Answer Explanation: Populating supporting reference information in reference objects & Completing Pre accounting validation.

QUESTION69
Who are the three primary Functional Setup Manager users?

 

Option's:
A.    End Users that perform transaction processing
B.    Implementation Project Managers and Consultants
C.    System Administrators
D.    Application Developers
E.    C-Level Executives 

 

Answer: A,B,C

Answer Explanation:  End Users that perform transaction processing, Implementation Project Managers and Consultants & System Administrators.

QUESTION 70
You want to automatically post journal batches imported from sub ledger source to prevent accidental edits of deletions of the sub ledger sources journals, which could cause an out - of-balance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your Auto Post Criteria?

Option's:
A.    Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
B.    Include all of your sub ledger sources in the Auto Post Criteria. Divide up criteria sets by sub ledger source only if you need to schedule different posting times.
C.    Create your Auto Post criteria using minimal source and categories.
D.    Schedule your Auto Post Criteria set to run during off-peak hours only

Answer: B

Answer Explanation: Include all of your sub ledger sources in the Auto Post Criteria. Divide up criteria sets by sub ledger source only if you need to schedule different posting time.

 

QUESTION 71
Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use In addition to using the intercompany Reconciliation report?

Option's:
A.    Receivables Aging by General Ledger Account report
B.    General Ledger Trial Balance report
C.    Receivables to General Ledger Reconciliation report
D.    AR Aging report 

 

Answer: C

Answer Explanation: Receivables to General Ledger Reconciliation report.