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

 

QUESTION 104
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

 

Option's:
A.    Specify Run Time Prompts (RTP).
B.    Always use the Outer Point of View (POV).
C.    Never use the Outer Point of View (POV).
D.    Only specify segment values in formulas.

Answer: D

Answer Explanation: Only specify segment values in formulas to define an allocation rule where segment values are constants for rules and formulas.

QUESTION 105
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
What does Oracle consider the best practice approach to performing consolidations?

 

Option's:
A.    Use Oracle Hyperion Financial Management for this type of complex consolidation.
B.    Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances
to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
C.    Use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
D.    Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.

Answer: A 

Answer Explanation: Use Oracle Hyperion Financial Management for this type of complex consolidation.

QUESTION 106
You want to specify Intercompany System Options. Which three factors should you consider?

 

Option's:
A.    Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
B.    Whether to allow receivers to reject intercompany transactions
C.    Automatic or manual batch numbering and the minimum transaction amount
D.    Automatic or manual batch numbering and the maximum transaction amount
E.    The approvers who will approve intercompany transactions 

 

Answer: A,B,D

Answer Explanation:  'Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies', 'Whether to allow receivers to reject intercompany transactions' and 'Automatic or manual batch numbering and the maximum transaction amount'.

QUESTION 107
You entered a journal and the client is asking for the following information:
•    The current account balance
•    What the future account balance will be if the Journal is approved and posted How will you get this information?

Option's:
A.    View the Projected Balance region in the Create Journals page.
B.    Run a Trial Balance before and after posting.
C.    Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
D.    Query the account balance online.

Answer: C

Answer Explanation: Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances.