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

QUESTION 29
What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

 

Option's:
A.    General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B.    You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
C.    You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
D.    Posting performance is much faster.
E.    Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

 

Answer: B,D

Answer Explanation:- You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously & Posting performance is much faster.

 

QUESTION 30
Which two statements are true regarding how Intercompany Balancing Rule, are defied?

 

Option's:
A.    All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
B.    You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
C.    You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
D.    You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.

 

Answer: A,D

Answer Explanation: All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules & You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value are the two true Intercompany Balancing Rule.

 

 

QUESTION 31
Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?

 

Option's:
A.    Supervisory level based on HR Supervisors
B.    Job level
C.    Position
D.    Approval Group
 

Answer: D

Answer Explanation: Approval Group

 

QUESTION 32
Your customer has enabled budgetary and encumbrance controls at the requisition level. You have a purchase order for $1,000 USD, which is fully reserved and has one invoice for $600 USD. When the purchase order is matched through the final match process, the purchase order is closed for further invoicing.

What happens to the remaining $400 USD?

 

Option's:
A.    Invoice type will have less funds available by $400 USD.
B.    Manual encumbrance journal needs to be entered In General Ledger to release the budget amount of $400 USD.
C.    Only obligation type will have $400 USD funds available.
D.    $400 USD will be added back to available funds
E.    $400USD will be expired and not available for use.

Answer: A

Answer: Invoice type will have less funds available by $400 USD