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

QUESTION 25
Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments.
Which two statements are true regarding the creation of a control budget?

 

Option's:
A.   Control budgets are always absolute to generate encumbrance accounting.
B.   A control budget can allow override rules only if the control level is absolute.
C.   The control budget structure has all the chart of account segments as budget segments.
D.   A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore.
E.   A control budget can be associated with a different calendar than accounting calendar.

Answer: B,E

Answer Explanation:  A control budget can allow override rules only if the control level is absolute &  A control budget can be associated with a different calendar than accounting calendar.

QUESTION 26
You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identity the step that is not correct when implementing this integration?

 

Option's:
A.    Analyze external system transactions.
B.    Capture accounting events.
C.    Determine the accounting impact of transactions.
D.    Create the accounting in the source system and then import the journal entries into sub-ledger accounting.

 

Answer: D

Answer Explanation: Create the accounting in the source system and then import the journal entries into sub-ledger accounting to integrate Fusion Accounting Hub with external source systems used for Billing.

 

QUESTION 27
Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?

 

Option's:
A.    Data Access Sets
B.    Cross-Validation Rules
C.    Segment Value Security
D.    Role-Based Access

 

Answer: C

Answer Explanation:- Segment Value Security will help to prevent their department managers from viewing the results of other departments where they have no management authority.

 

QUESTION 28
Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

 

Option's:
A.    Journals Work Area
B.    Period Close Work Area
C.    Financial Reporting Center
D.    General Accounting Dashboard 

 

Answer: A,D

Answer Explanation: Journals Work Area & General Accounting Dashboard are the two General Ledger work would you assign to all your entry-level General Ledger accountants.