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

QUESTION 96
You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?

 

Option's:
A.    Close all sub ledger periods.
B.    Close Intercompany periods in Fusion Intercompany.
C.    Freeze the Intercompany Journal source in General Ledger.
D.    Close the General Ledger period in the Manage Accounting Periods page.

Answer: B

Answer Explanation: Close Intercompany periods in Fusion Intercompany.

 

QUESTION 97
You lust submitted the Accounting Configuration. Which two statements are correct?

 

Option's:
A.    You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
B.    A Data Access Set with full read/write access to the ledger is automatically created.
C.    Open the ledger's period to begin entering transactions.
D.    Verify the data roles created and assign them to the General Ledger users.

 

Answer: C

Answer Explanation: Open the ledger's period to begin entering transactions.

 
QUESTION 98
Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.
What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

 

Option's:
A.    The data is not transferred.
B.    Data is summarized across segments that are not mapped to Hyperion Financial Management
C.    Errors occur for un mapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
D.    The un mapped segments default to future use segments in Hyperion Financial Management 

 

Answer: C

Answer Explanation: Errors occur for un mapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

QUESTION 99
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?

A.    Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
B.    Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
C.    Define the company segment only and qualify it as both the primary balancing segment and  intercompany segment.
D.    Define two different charts of accounts.

Answer: C

Answer Explanation:

Define the company segment only and qualify it as both the primary balancing segment and  intercompany segment