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Oracle 1z0-1054-25 Exam Syllabus Topics:
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NEW QUESTION # 60
In a primary ledger, under the System options, in the Close section, the "Prevent General Ledger Period Closure When Open Subledger Periods Exist" option has been selected.
For which subledger can you opt out of the Period Close Checking feature by using the ORA_GL_INCLD_STRICT_PRD_CLOSE lookup?
- A. Lease Accounting
- B. Accounts Payable
- C. Order Management
Answer: B
NEW QUESTION # 61
You are creating values for thechart of account value setthat you are planning to use for theaccount segment within yourChart of Accounts. You are not able to assign anAccount Type.
What is the reason for this?
- A. You are creating values before assigning the value set to the structure.
- B. You have not set the Allow Posting attribute for the value set.
- C. The Account Type qualifier has not been enabled when defining the value set.
- D. You have not set the Allow Budgeting attribute for the value set.
Answer: C
NEW QUESTION # 62
Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?
- A. The unmapped segments default to future use segments in Hyperion Financial Management.
- B. Data is summarized across segments that are not mapped to Hyperion Financial Management.
- C. Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
- D. No data is transferred.
Answer: B
Explanation:
When integrating with Oracle Hyperion Financial Management, you can use the following dimensions for consolidation: Entity, Scenario, Year, Period, Value, Account, Intercompany, Custom1 to Custom4, and View. You can map one to one, or concatenate segments from your source General Ledger to a single Hyperion Financial Management dimension. For example, you can map Company to Entity, Department to Department, and Account to Account. However, if you have segments in your source General Ledger that cannot be mapped to any Hyperion Financial Management dimension, such as Program, then the data is summarized across those segments. This means that the data is aggregated to the highest level of the unmapped segments, and the detail information is lost. For example, if you have Program as a segment in your source General Ledger, and you do not map it to any Hyperion Financial Management dimension, then the data is summarized by Program, and you cannot see the data by individual Program values in Hyperion Financial Management. References:
* Example of Mapping Segments to Financial Management Dimensions
* Overview of the Chart of Accounts Mapping Page
NEW QUESTION # 63
You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'
- A. Financial Category
- B. Third Party Control Account
- C. Start Date
- D. End Date
- E. Reconcile
Answer: A
NEW QUESTION # 64
In a primary ledger, under the System options, in the Close section, the "Prevent General Ledger Period Closure When Open Subledger Periods Exist" option has been selected.
For which subledger can you opt out of the Period Close Checking feature by using the ORA_GL_INCLD_STRICT_PRD_CLOSE lookup?
- A. Lease Accounting
- B. Accounts Payable
- C. Order Management
Answer: B
NEW QUESTION # 65
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
- A. Balance level
- B. Journal level
- C. Subledger level
- D. FBDI level
- E. Adjustment only level
Answer: E
Explanation:
The adjustment only level is the data conversion level that ensures only manual journals will be entered in the secondary ledger. This level means that no data is copied from the primary ledger to the secondary ledger automatically. Instead, the user can enter manual adjustments in the secondary ledger to reflect the differences between the two accounting standards. This level is suitable for scenarios where the accounting methods or charts of accounts are very close between the primary and secondary ledgers, and there is no need to maintain detailed journals or subledger transactions in the secondary ledger. References: Primary Ledgers, Secondary Ledgers, and Reporting Currencies, High Volume Data Migration Considerations for General Ledger, Reporting Currencies - Conversion Level Balance
NEW QUESTION # 66
Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Alias feature and would like to see how the aliases will appear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.
Note:
. Prefix your alias name with 07, where 07 is
your exam ID.
. There is no Product or Intercompany impact.
Answer:
Explanation:
See the Explanation for the complete Solution.
Explanation:
Here are the steps you need to follow:
* In the Setup and Maintenance work area, go to the following:
* Offering: Financials
* Functional Area: Financial Reporting Structures
* Task: Manage Shorthand Aliases
* Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
* Click on the Add Row icon to create a new alias. Enter the following information:
* Alias Name: RevDom
* Account Template: 101-2000-400000-000-000-000
* Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center
* Enabled: Yes
* Start Date: Today's date
* End Date: Blank
* Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
* Account Aliases
* Enter a GL Account Alias
* Short Hand Alias in Fusion Financials Key Flexfield
* How to Enable Account Shorthand Aliases
NEW QUESTION # 67
What are two uses of theColumn FlatteningandRow Flatteningfeatures?
- A. View information for runtime performance.
- B. Verify correctness of trees.
- C. Set the status of a tree to active.
- D. Create additional versions of a tree.
- E. Optimize parent/child relationships.
Answer: A,E
NEW QUESTION # 68
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's recommended method to define this chart of accounts?
- A. Create two different value sets for the company and intercompany segments.
- B. Share the same value set for the company and intercompany segments.
- C. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
- D. Define the intercompany segment with a default value.
Answer: B
Explanation:
According to Oracle documentation3, Oracle's recommended method to define a chart of accounts that includes an intercompany segment when your customer plans to use segment value security rules for the Company segment is to share the same value set for the company and intercompany segments. Sharing the same value set enables you to use segment value security rules for both segments and ensures that the values in both segments are consistent. Therefore, option B is correct. Option A is incorrect because defining the intercompany segment with a default value does not enable segment value security rules for the intercompany segment. Option C is incorrect because defining the company segment and assigning both the primary balancing segment and intercompany segment labels does not enable segment value security rules for the intercompany segment. Option D is incorrect because creating two different value sets for the company and intercompany segments does not ensure that the values in both segments are consistent.
NEW QUESTION # 69
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
- A. The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
- B. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
- C. The report displays all clearing company balancing lines for a period.
- D. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- E. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
Answer: A,D
Explanation:
According to the Oracle documentation12, the Intercompany Reconciliation Report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison (option C). The report also includes ledger balancing lines generated when the primary balancing segment value is in balance, but either the second or third balancing segment values are not (option B). Option A is incorrect because you can drill down to the general ledger journal, subledger accounting entry, and source receivables or payables transaction2. Option D is incorrect because the report displays the intercompany receivables and intercompany payables balances in summary for a period, and any differences between them1. Option E is incorrect because the report does not display clearing company balancing lines2.
NEW QUESTION # 70
You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?
- A. You don't have to do anything; this option is enabled automatically.
- B. Opt in to the Prevent Period Close option for the offering.
- C. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
- D. Set the relevant option on the Specify Ledger Options page.
Answer: D
Explanation:
You can prevent the closure of a General Ledger accounting period if the accounting period for any of the corresponding subledgers is still open, or if incomplete accounting entries or transactions exist for the period.
This can help ensure an effective period close process that validates all transactions are complete and aren't held up during the close. To enable this feature, you need to set the relevant option on the Specify Ledger Options page for each primary ledger. The option is called Prevent General Ledger Period Closure When Open Subledger Periods Exist and it is located in the Period Close section. You can also specify which subledgers to include or exclude from the validation, except for Assets, which is automatically excluded by default. References:
* How to Prevent a General Ledger Period from Closing When Open Subledger Periods Exist
* Period Close Components
* Review: Prevent General Ledger Period Closure When Open Subledger Periods Exist
NEW QUESTION # 71
You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
* 01-000-4110-00
* 01-000-5299-000
* 01-000-5105-000
* 01-000-7640-00
Which two statements aretrueregardingcross-validation rules?
- A. You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
- B. You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
- C. There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.
- D. The rules will validate and apply tonew and existing accounts.
- E. The rules validate and apply tonew accounts only.
Answer: A,D
NEW QUESTION # 72
Which two statements are true about balances cubes in General Ledger?
- A. They are updated automatically when the Translation process is run.
- B. They are updated automatically when the Revaluation process is run.
- C. A new balances cube is created for a unique combination of ledger and currency.
- D. New dimensions can be added to a General Ledger balances cube.
- E. They are updated automatically when the General Ledger period is opened.
Answer: C,D
Explanation:
Balances cubes are multidimensional databases that store financial balances for interactive reporting and analysis. A balances cube is created for each unique combination of ledger and currency, and it contains dimensions such as chart of accounts segments, periods, scenarios, and other user-defined attributes. New dimensions can be added to a balances cube by using the Manage Balances Cube Dimensions task in General Ledger. Balances cubes are updated automatically when journals are posted in General Ledger, and they can also be refreshed manually by using the Refresh Balances Cube task. Balances cubes are not affected by the Translation or Revaluation processes, as these processes only update the balances tables in General Ledger.
References:
* Overview of Oracle General Ledger Balances Cubes1
* Considerations for General Ledger Balances Cubes2
* Overview of Oracle Essbase Balances Cubes3
NEW QUESTION # 73
What type ofusermust be defined before you can create anImplementation Project?
- A. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
- B. All roles that will be used throughout the implementation
- C. A full-time employee that has the FSM Superuser role assigned
- D. Implementation Users
- E. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
Answer: E
NEW QUESTION # 74
What are two uses of the Column Flattening and Row Flattening features? (Choose two.)
- A. Create additional versions of a tree.
- B. Set the status of a tree to active.
- C. Verify correctness of trees.
- D. Optimize parent/child relationships.
- E. View information for runtime performance.
Answer: B,C
Explanation:
The two uses of the Column Flattening and Row Flattening features are to set the status of a tree to active and to verify correctness of trees. Column Flattening and Row Flattening are features that optimize parent-child information for run-time performance by storing additional rows or columns in a table for instantly finding all descendants or ancestors of a node without initiating a recursive query. Column Flattening and Row Flattening are required to set the status of a tree to active, as they ensure that the tree data is consistent and accurate. Column Flattening and Row Flattening are also useful to verify correctness of trees, as they allow users to view and analyze the flattened hierarchy data using various tools such as Oracle Analytics Publisher or Oracle Transactional Business Intelligence. You do not use Column Flattening and Row Flattening to create additional versions of a tree, as this is a feature that allows users to copy an existing tree version and make changes to it without affecting the original version. You do not use Column Flattening and Row Flattening to view information for runtime performance, as this is a feature that allows users to monitor and measure the performance of various processes or tasks in Oracle Fusion Applications. You do not use Column Flattening and Row Flattening to optimize parent/child relationships, as this is a feature that allows users to define rules and constraints for how nodes can be related to each other in a tree structure. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Chart of Accounts 12
NEW QUESTION # 75
For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?
- A. The historical rate is replaced.
- B. The existing historical rate is deleted.
- C. Historical rates are converted into an average rate (original and new rate).
- D. Nothing, existing historical rates are not updated.
Answer: A
Explanation:
If you use insert in the spreadsheet to load the monthly historical rates by using FBDI, the existing historical rate for a specific ledger, currency, account combination, and accounting period will be replaced by the new rate. This is because the insert action will overwrite the existing rate with the new rate in the GL_HISTORICAL_RATES_INT table. If you want to preserve the existing rate, you should use update or delete actions instead. References:
How Historical Rates Import Data Is Processed, Section: Use the Historical Rates Import file-based data import (FBDI) template to import historical rates from external and legacy sources to Oracle General Ledger Import Historical Rates, Section: Details Entering Historical Rates, Section: Entering Historical Rates
NEW QUESTION # 76
Which three factors should you consider while specifying Intercompany System options?
- A. Approvers who will approve intercompany transactions
- B. Automatic or manual batch numbering and the minimum transaction amount
- C. Whether to allow receivers to reject intercompany transactions
- D. Automatic or manual batch numbering and the maximum transaction amount
- E. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
Answer: B,C,E
Explanation:
Intercompany System options are used to set up intercompany processing rules at the enterprise level, based on your specific business needs. They help you standardize and simplify transaction processing, minimize disputes, and reduce administrative costs. The three factors that you should consider while specifying Intercompany System options are:
* Automatic or manual batch numbering and the minimum transaction amount: These options help you control the numbering and the size of intercompany transactions. You can choose to use system generated or manual batch numbering, and you can specify a minimum threshold amount for intercompany transactions to prevent immaterial transactions. To use the minimum transaction amount option, you must also select an Intercompany currency option.
* Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies:
This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions. You can choose to standardize transaction processing by selecting an Intercompany currency, which means that all intercompany transactions created in the Intercompany module are entered in this currency. Alternatively, you can choose to allow intercompany transactions in local currencies, which means that intercompany transactions can be entered in the ledger currency of the sender or the receiver.
* Whether to allow receivers to reject intercompany transactions: This option helps you handle the approval and dispute resolution process for intercompany transactions. You can choose to allow receivers to reject intercompany transactions if they disagree with the sender's information, such as the amount, the account, or the date. If you enable this option, you must also specify the rejection reason and the notification details for the sender.
Intercompany System Options
Implementing Enterprise Structures and General Ledger
Implement General Ledger
NEW QUESTION # 77
You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?
- A. Data model
- B. Layout template
- C. Output type
- D. Sub template
- E. Style template
Answer: A,B
Explanation:
To modify the journal approval notification, you need to copy (or customize) and edit the layout template and the data model of the Analytics Publisher report. The layout template defines the appearance and content of the notification, such as the text, fields, tables, and images. The data model defines the data sources and queries that provide the data for the notification, such as the journal attributes, amounts, and statuses. You can use Template Builder for Word to edit the layout template and Analytics Publisher to edit the data model. You also need to download the Workflow Notification Subtemplate, which is a common subtemplate that contains the header and footer of the notification. You can preview the modified notification using the subtemplate and the data model. References:
* Modify Journal Approval Notifications with Analytics Publisher
* [Creating Analytics and Reports for Financials Cloud]
NEW QUESTION # 78
Which three Oracle Transactional Business Intelligence (OTBI) objects can be created by using the tools in the Oracle Business Intelligence (BI) catalog?
- A. Infotiles
- B. Analyses
- C. Reports
- D. Infolets
- E. Dashboards
Answer: B,C,E
NEW QUESTION # 79
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