1Z0-1054-20 Online Practice Questions and Answers

The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.

The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values for the accountant to select in the Suspense Account.

What is the reason for this?

A. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page

B. The general accountant has a segment value security rule assigned which restricts access to that cost center

C. There is a primary balancing segment attached to the legal entity of the primary ledger

D. A cross validation rule is in place to prevent the resulting combination from being created

You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.

What Calendar format should you choose?

A. Calendar

B. Fiscal

C. Year

D. Period

You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.

What type of report will provide this type of information?

A. Aging Reports

B. Journals Reports

C. Account Analysis Reports

D. Journals Day Book Report

You are defining an income statement report using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report.

What should you enable to allow this?

A. Nothing. All report are drillable

B. Drill Through in Grid Properties

C. Drill Down in Report Functions

D. Allow Expansion in Report Functions

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.

Which two options explain that? (Choose two.)

A. The Account Rule's conditions are not defined

B. The Account Rule's chart of accounts has no account values assigned

C. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

D. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set

Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

A. Approval Groups

B. Dynamic Approval Groups

C. Supervisory level approval

D. Management Chain approval

Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)

A. Detach the table to resize it to the maximum size of the monitor

B. Run a Business Intelligence Publisher report with Excel as the output format

C. Export the table to Excel

D. Use the Freeze feature on the tables to scroll through large amounts of data

What are the two benefits of having the Essbase cube embedded in Oracle General Ledger (GL)? (Choose two.)

A. You can access real-time results for reporting and analysis because the multidimensional balances are updated on journal posting

B. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts

C. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules

D. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis

You entered a journal and the client is asking for the following information: The current account balance The future account balance if the journal is approved and posted

How will you get this information?

A. Run a Trial Balance before and after posting

B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances

C. View the Projected Balances region in the Create Journals page

D. Query the account balance online

What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA)? (Choose three.)

A. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance

B. OTBI allows you to create user-defined reports from real-time transactional data against the database directly

C. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications

D. Cloud customers can use both OTBI and OBIA

E. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications