Pass the Oracle Oracle Financials Cloud 1z0-1054-25 Questions and answers with CertsForce

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Questions # 1:

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?

Options:

A.

Define the intercompany segment with a default value.


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.

Create two different value sets for the company and intercompany segments.


Questions # 2:

Your current Oracle Fusion Cloud implementation project includes the configuration of multiple ledgers per country and the setting up of accounting automation to drive journal processing efficiencies. In a particular country (which has a primary, secondary, and multiple reporting currency ledgers), there is a requirement to exclude the country's journal processing from accounting automation.

If you enter a ledger set (including all ledgers for that country) on the Exclusion tab of Manage Accounting Automation, what is removed from accounting automation processing?

Options:

A.

Just the primary ledger


B.

The secondary and reporting currency ledgers only


C.

The primary, secondary, and reporting currency ledgers


D.

The primary and reporting ledgers only


Questions # 3:

Which two can you use to import geographical data?

Options:

A.

ADF desktop integration


B.

SQL Data loader


C.

File-based data import (FBDI)


D.

Geographical data providers


Questions # 4:

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30–40% every period due to human error. This causes delays in reconciliation.

Which feature can be used to proactively notify you of account anomalies in a more timely manner?

Options:

A.

Financial reports with embedded charts


B.

Smart View


C.

Account Inspector and its charts


D.

Account Monitor


Questions # 5:

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?

Options:

A.

Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.


B.

Set the relevant option on the Specify Ledger Options page.


C.

Opt in to the Prevent Period Close option for the offering.


D.

You don't have to do anything; this option is enabled automatically.


Questions # 6:

You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

Options:

A.

Define the Geography Validation for Country option to Error.


B.

Redefine the location structure.


C.

Redefine the geography hierarchy.


D.

Define the Geography Validation for Country option to No Validation.


Questions # 7:

You are using theCreate Budgets in a Spreadsheetoption toload your budget balancesinto theGL balances cube. YourFYXX Budgetis not appearing in theBudget Namelist of values.

Which two are the reasons for this?

Options:

A.

A value for the budget scenario has not been created.


B.

Budgeting has not been enabled in the ledger options.


C.

The Transfer Budget Balances to Budget Cubes has not been run.


D.

The Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.


E.

The Create Scenario Dimension Members program has not been run.


Questions # 8:

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?'

Options:

A.

End Date


B.

Start Date


C.

Reconcile


D.

Financial Category


E.

Third Party Control Account


Questions # 9:

Which two are predefined roles in General Ledger?

Options:

A.

General Accountant


B.

General Accounting Clerk


C.

General Accounting Supervisor


D.

General Accounting Manager


Questions # 10:

When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

Options:

A.

Smart View


B.

Financial Reporting Studio


C.

Account Inspector


D.

Financial Statement Generator


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