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

QUESTION 80
You are reconciling your sub ledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

 

Option's:
A.    An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
B.    Account Analysis Reports
C.    Journals Reports
D.    Aging Reports 

 

Answer: C

Answer Explanation: Journals Reports includes beginning and ending account balances and all transactions that constitute the account's activities for reconciliation.

 

QUESTION 81
You need to define multiple allocation rules as efficiently as possible. Which three components can be reused across allocation rules?
 

Option's:
A.    Point of View (POV)
B.    Run Time Prompts (RTP)
C.    Formulas
D.    RuleSets 

 

Answer: B,C,D

Answer Explanation: Run Time Prompts (RTP), Formulas, RuleSets can be used across allocation rules.

 

QUESTION 82
You created your first Implementation Project and assigned the Application Implementation Consultant role to your user. However, you are unable to access Oracle Identity Management (OIM). This issue was caused because you did not assign the _______________ ?    .

 

Option's:
A.    Line Manager role to your user.
B.    Application Implementation Manager role to your user.
C.    IT Security Manager role to your user
D.    Superuser role to your user 

Answer: A

Answer Explanation: Line Manager role to your user was not assigned due to which you are unable to access oracle identity management(OIM).

QUESTION 83
Your customer has enabled encumbrance accounting. You have a control budget with the
advisory level set at control. For November 2015, your budget for a given combination is $5,000 USD. You have an approved requisition of $900 USD and you have an approved purchase order of $2,500 USD. An adjustment encumbrance journal is created in the General Ledger for the obligation type for $1,600 USD. You then cancelled the approved PO line of $400 USD. For November 201b, you created a new invoice by matching to the PO for $2,100 USD. Which two statements are true?

 

Option's:

A.    Purchase order encumbrance will be released for $2100 USD.
B.    As there are cancellations for $400 USD, the system will partially reserve the funds in November 2015 and fully reserve it in December 2015.
C.    As you are matching to a purchase order, the system will allow the user to create an invoice with the reservation status of Reserved.
D.    Encumbrance entries are created only for non matched Invoices, so the system will not create any encumbrance accounting entries.
E.    The system always consumes budget of future periods if the limit for the current period is expired, so December 2015 budget will be considered for reservation.

Answer: C,E

Answer Explanation: 'As you are matching to a purchase order, the system will allow the user to create an invoice with the reservation status of Reserved' and 'The system always consumes budget of future periods if the limit for the current period is expired, so December 2015 budget will be considered for reservation'.