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

QUESTION 33
Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use.
What setup is required to achieve this requirement?

 

Option's:
A.   Create an annual budget with absolute control and so encumbrance accounting will work.
B.   Create a summary budget annually with advisory control and control budget monthly with absolute control.
C.   Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.
D.   Create two detail control budgets: annually with absolute control and monthly with advisory or track control.
E.   Create two detail control budgets: annually with advisory/track control and monthly with absolute control.

Answer: A

Answer Explanation: Create an annual budget with absolute control and so encumbrance accounting will work.

 

 

QUESTION 34
What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

 

Option's:

A. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
B.Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
C. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
D. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.

 

QUESTION 35
Which two statements are true regarding the export/import of reports?

 

Option's:
A.    A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
B.    Reports on setup data can be used to compare and analyze how the data might have changed over time.
C.    To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
D.    A set of reports lists user names, suppliers, and customers that have been exported/imported
E.    The export/import reports are available only for Fusion Customer Relationship Management.

Answer: C,E

Answer Explanation: To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist & The export/import reports are available only for Fusion Customer Relationship Management.

 
 

QUESTION 36
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

 

Option's:
A.    Drill Through in Grid Properties
B.    Report Functions
C.    Nothing. All report balances are drillable in all FR Studio reports.
D.    Allow Expansion 

 

Answer: D

Answer Explanation: Allow Expansion to allow viewers of the report to be able to drill down from report balances to the underlying transactions.