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

QUESTION 72
Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?

 

Option's:
A.    Financial Reporting Center
B.    Oracle Transactional Business Intelligence (OTBI)
C.    Intelligence Publisher (BI Publish.
D.    Smart View
E.    Oracle Business Intelligence Applications (OBIA) 

Answer: B

Answer Explanation: Oracle Transactional Business Intelligence (OTBI).

QUESTION 73
After loading your budget data into Fusion General Ledger, you can view budget balances using these feature. Which feature does not belong on the list?

 

Option's:
A.    Application Development Framework Desktop Integration(ADFdi)
B.    Account Inspector
C.    Account Monitor
D.    Smart View 

 

Answer: B

Answer Explanation: Account Inspector.

 

QUESTION 74
Your customer is using budgetary control and encumbrance. You have an open purchase order for $500 USD, which you decide to match to an invoice for $300 USD.
What will be the fund status of the purchase order and invoice?

 

Option's:
A.    The purchase order is Partially Liquidated and the invoice is Partially Reserved.
B.    The purchase order is Partially Liquidated and the invoice will be reserved.
C.    Both are reserved.
D.    The purchase order is liquidated and the invoice is Partially Reserved. E. Both are Partially Reserved.
E.    The purchase order is Open and the invoice is validated.

Answer: C

Answer Explanation: Both are reserved.

 

QUESTION 75
Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

 

Option's:
A.    Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
B.    Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.
C.    Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
D.    Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

Answer: B 

Answer Explanation: Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.