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

QUESTION 17
On which three occasions are Essbase balances updated?

 

Option's:
A.    Every time the tree version is published
B.    Every time journals are posted to the general ledger
C.    Every time you run the batch program called "Update Essbase Balances"
D.    At report run-time
E.    Every time you open a new period 

 

Answer: A,B,D

Answer Explanation: Every time the tree version is published, Every time journals are posted to the general ledger & At report run-time are three occasions are Essbase balances updated.

QUESTION 18
Your customer has only licensed Fusion Financials and wants to use approval workflows. Using which page to enter users and assign roles does Oracle consider best practice?

 

Option's:
A.    Manage Users
B.    Hire a New Employee
C.    Oracle Identity Management (OIM)
D.    Policy Manager (APM)
E.    Financials not a stand-alone product 

Answer: C

Answer Explanation: Using Oracle Identity Management (OIM) , we can use approval workflows.

 

QUESTION 19
You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree?
 

Option's:
A.    You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
B.    You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
C.    The tree should have at least two tree versions to reduce report and allocation maintenance.
D.    You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
E.    It is fine to have the same child value roll up to two or more different parent values.

Answer: B,C,E

Answer Explanation: You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes, The tree should have at least two tree versions to reduce report and allocation maintenance &  It is fine to have the same child value roll up to two or more different parent values to define a tree or hierarchy for use in reports and allocation's.

 

 

QUESTION 20
Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only in Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.
Which two statements are correct?

 

Option's:
A.    While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing.
B.    Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving.
C.    Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit.
D.    While defining control for business unit one, disable control lor Purchasing, Payable Invoicing, and Receiving.
E.    While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning.
F.    Define budgetary control at ledger level and only encumbrance controls at the business units.

 

Answer: A,F

Answer Explanation: While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing & Define budgetary control at ledger level and only encumbrance controls at the business units are the two correct statements.