PDF (New 2022) Actual Oracle 1Z0-1054-21 Exam Questions [Q22-Q36]

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PDF (New 2022) Actual Oracle 1Z0-1054-21 Exam Questions

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NEW QUESTION 22
You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason

Accounting Configuration was not submitted

Two tree versions were not defined

Chart of accounts was not deployed

An Audit process needs to be successfully performed before a tree version can be set to Active

NEW QUESTION 23
Your company has a legal entity in the UK, US, and CanadA. They can all share the same chart of accounts but are required to transact and report in their local currency.
What is the minimum number of ledgers you need and why?

One, because they can all share the same chart of accounts

Three, because each requires a different currency

Two, because the US and Canada can share the same ledger because they are in North America

Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting

NEW QUESTION 24
The budget managers specify the budget accounts they wantto monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

Budget Controller

Budget Group

Account Group

Budget Account Group

Application Development Framework Desktop Integration (ADFdi)

NEW QUESTION 25
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle’srecommended method to define this chart of accounts?

Define the company segment only and qualify it as both the primary balancing segment and intercompany segment

Define two different charts of accounts

Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance

Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level

NEW QUESTION 26
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 poste how will you get this information?

View the Projected Balances region in the create Journals page.

Run a Trial Balance before and after posting

Query the account balance online

Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger Balances

NEW QUESTION 27
Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting. What two security features should you use?

Balancing Segment Value Assignment to Legal Entities

Segment Value Security

Cross-Validation Rules

Data Access Sets using an Access Set Type of Primary Balancing Segment

NEW QUESTION 28
The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journalattribute should you use to set the automatic posting criteria?

Journal Source

Journal Category

Journal Batch

Journal Description

NEW QUESTION 29
Your customer has enabled budgetary control for purchase orders. They have a purchase order for
$1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing. What happens to the remaining $400 USD?

Invoice type will have less funds available by $400 USD

Only obligation type will have $400 USD funds available

$400 USD will be added back to available funds

$400 USD will be expired and not available for use

Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of$400 USD

NEW QUESTION 30
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle’s recommended practice when this occurs?

Translate only the adjusting journal entry

Rerun Translation and then reconsolidate your results

Rerun Revaluation and then rerun Translation

Enter another adjusting journal entry in the target currency to true up the balances

NEW QUESTION 31
What are the two purposes of a secondary ledger? (Choose two.)

It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options

It should not be used when trying to meet local accounting requirements

It is used to main balances in a different currency only

It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting

It should only be used to main balances for processing performance

NEW QUESTION 32
You need to distribute departmental expense reports to l00 department managers in your organization.
The report format is the same, but the department values differ. What in the most efficient way to achieve this?

When defining the report, make the Department Segment a prompt and when users view the report, they can change the prompt to their department

Set up Bursting Options for your batch to prepare multiple versions of a report from a single process

Set the Department segment as a User Point of View (POV) and submit a report batch and schedule it:
to run for every department. Send the different batch outputs as PDF attachments via email to different users.

Create a single report for all departments. When department managers log in to Financial Reporting Center, they will only be able to view their department’s data based on Segment Value Security Rules.

NEW QUESTION 33
What is the most efficient way to add a new year to the accounting calendar?

Import the periods from a spreadsheet

Use the Add Year button

Add the periods manually

The application automatically populates the next year when you open the first period of a new fiscal year

NEW QUESTION 34
You want to monitor the close process if all your financial subledgers and ledgers. How can you quickly obtain this information?

Use the Manage Accounting Periods page to view the status all subledgers and ledgers

Access each subledgers’ calendar and General Ledgers’ Manage Accounting Periods page to view the status of each period

Run Closing Status Reports

Use Close Monitor in General Accounting Dashboard

NEW QUESTION 35
Management has added a requirement to segregate the duties oftransferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

Uncheck the Enable Posting from the Manage Subledger Accounting Options task.

Journal entry spreadsheets are not impacted by this new function.

Must have separate user defined roles using the privilege
XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.

For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.

NEW QUESTION 36
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers

If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.

Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage

Updated Jun-2022 Pass 1Z0-1054-21 Exam – Real Practice Test Questions: https://www.testkingit.com/Oracle/latest-1Z0-1054-21-exam-dumps.html

PDF (New 2022) Actual Oracle 1Z0-1054-21 Exam Questions [Q22-Q36]

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