Real Oracle 1z0-1054-20 Exam Questions [Updated 2022]
1z0-1054-20 Exam Dumps Pass with Updated 2022 Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
Difficulty in Writing of Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam
Oracle Accredited Professional, Oracle 1z0-1054-20: Oracle Financials Cloud: Major General Ledger 2020 Deployment Administrator qualification is not the hardest Oracle certification exam, but it is likely to fail without training. It is also strongly advised that candidates plan well by taking 1z0-1054-20 practice exams. Any remaining unanswered queries are viewed as wrong, so after reviewing 1z0-1054-20 exam dumps you can address all questions. Oracle Certification has certain examination policies that help applicants understand the process and conditions. Candidates for the 1Z0-1054-20 Oracle examination must therefore pass the examination policies and obtain details. Certificate credentials for Oracle Cloud will be valid for just 18 months after passing the examination. At the end of 18 months, this certificate is inactive. For Oracle applicants, active certification is required to have access to different certification advantages such as the use of Oracle certification logos, credentials, scoring reports, digital insignias and certification checks. In addition, the Oracle Cloud Certifications are continually updated year-round with major product and service launches to be kept up to date and published annually with a new title. Therefore, the current iteration of the test must be recertified. The examination registration is permitted on the 14th day after the examination failure. A non-procured online examination can be conducted at any time. You can not take an exam again at any time. In a 12-month cycle, only four attempts will pass an exam. A failing master assignment is required to be submitted within 30 days of receiving the notice of default. You can go to pearsonvue.com/oracle to cancel or reschedule the examination and log in. You have to choose one of the choices on the right side of the page: Return a test or cancel a test. But your complete examination fee is forfeited if you do not appear for a scheduled examination. If you pay the examination fee by means of a voucher, the voucher for future use is not validated.
Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Administrator Certification Path
The Oracle Certified Expert, Oracle 1z0-1054-20: Oracle Financials Cloud: Critical implementation for 2020 The qualification of administrator is for ledger managers with at least 1 year of experience in the implementation of the ledger. It is therefore advisable to consider principles of high availability. You should be able to mount, control, track and restore ledger environments to receive this credential. You will gain a thorough understanding of the fundamentals of implementing the knowledge in preparation for the exam by using the 1z0-1054-20 practice exams. Once you have obtained this credential, you will be able to upgrade, instal, restore and retrieve, adjust and track these modules.
1z0-1054-20 practical tests are excellent sources of learning for the test but do not fulfil the teaching criteria. Oracle University Training Center, Oracle Approved Education Centre, Oracle Authorized Partner or Oracle Workforce Development Program must be provided to fulfil the training requirements. Courses can provide live interactive classes, on-request instruction, learning packages, or an in-class mentor.
Topics of Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam
The Oracle 1z0-1054-20 exam tests the abilities and knowledge of the candidates by checking the following objectives:
Enterprise Cloud Structures
- Explain Essbase
- Set up accounting hierarchies
- Set up the accounting calendar
- Configure Ledgers
- Configure Chart of Accounts Security
Cloud Journal Processing
- Configure allocations and periodic entries
- Process journal entries
- Configure automated journal processing
- Explain the secondary ledger and reporting currencies
- Explain the journal approval set up
Subledger Accounting
- Identify supporting references
- Explain the journal description rules
- Create and manage Accounting Rules
- Create and process subledger accounting entries
Intercompany Processing
-Create the Chart of Accounts and segment level rules for intercompany transactions.
- Set up Intercompany Accounting (system options, transaction types, organizations)
- Process intercompany reconciliations
- Process intercompany transactions and periods
- Describe intercompany balancing
Reporting & Analytics
- Describe the General Accounting Dashboard and Work Areas
- Set up the Financials Reporting Studio
- Explain how to design and use various reporting tools
- Describe Smart View accounting inquiry and analysis
Period Close
- Configure and process consolidations
- Analyze reconciliations
- Configure and process revaluations
Budgetary Control and Encumbrance
- Process Encumbrance Journals
- Configure and Process Budgets
- Configure Encumbrance Accounting
- Explain how to analyze and monitor Budget Consumption
NEW QUESTION 38
Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?
- A. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
- B. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance
- C. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances
- D. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances
- E. In Financials Cloud, you must manually reconcile your intercompany account balances
Answer: B
Explanation:
Explanation
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DAAC7706212CF48E040D30A6881766A
NEW QUESTION 39
You have set up a supporting reference with balances to capture revenue by account manager.
Which option should you use to view the supporting reference balances?
- A. an OTBI analysis
- B. a SmartView analysis
- C. an Account Group
- D. General Ledger inquiries and reports
Answer: A
Explanation:
Explanation/Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/ocuar/oracle-fusion-subledger-accounting- reports.html#OCUAR1448300
NEW QUESTION 40
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?
- A. Only specify segment values in formulas
- B. Always use the Outer Point of View (POV)
- C. Never use the Outer Point of View (POV)
- D. Specify Run Time Prompts (RTP)
Answer: B
Explanation:
Explanation
A Point of View is used to define dimension values that remain fixed throughout the entire allocation rule. For example, assume a chart of accounts includes a segment for future use. The Point of View fixes the value to be the default value so that the dimension value does not have to be selected while defining the source, basis, target, offset, or allocation range
NEW QUESTION 41
How can your Accounting Manager expedite journal processing during the time-critical month-end close?
- A. by running the Journals report using Business Intelligence Publisher
- B. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other
- C. by using the Close Status monitor to drill down on the close status across ledgers
- D. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
Answer: B
NEW QUESTION 42
Your customer wants to use a clearing company to automatically balance intercompany entries.
Which three statements are true regarding the use of a clearing company value? (Choose three.)
- A. You must map legal entities to balancing segment values in order to use a clearing company
- B. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal
- C. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
- D. Clearing companies are not supported
- E. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
Answer: B,C,E
NEW QUESTION 43
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?
- A. Enter another adjusting journal entry in the target currency to true up the balances
- B. Rerun Revaluation and then rerun Translation
- C. Translate only the adjusting journal entry
- D. Rerun Translation and then reconsolidate your results
Answer: D
NEW QUESTION 44
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 so you need to enable?
- A. Drill Through in Grid Properties
- B. Nothing. All report balances are drillable in all FR Studio reports
- C. Report Functions
- D. Allow Expansion
Answer: A
NEW QUESTION 45
Which feature outside of reporting and analysis leverages the Essbase cube?
- A. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
- B. journal entries and journal approval to create journals that update balances to the cube directly
- C. calculation manager to perform allocations based on multidimensional balances and budgets
- D. revaluations and translation to revalue and translate currencies stored in the Essbase cube
Answer: D
NEW QUESTION 46
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?
- A. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
- B. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- C. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- D. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
- E. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
Answer: D
NEW QUESTION 47
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. Dynamic Approval Groups
- B. Management Chain approval
- C. Supervisory level approval
- D. Approval Groups
Answer: C
NEW QUESTION 48
You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?
- A. Close Intercompany periods in Fusion Intercompany
- B. Freeze the Intercompany journal source in General Ledger
- C. Close the General Ledger period in the Manager Accounting Periods page
- D. Close all subledger periods
Answer: A
NEW QUESTION 49
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting.
What is Oracle's recommended method for doing this?
- A. Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively
- B. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
- C. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
- D. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment
Answer: A
NEW QUESTION 50
Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)
- A. Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
- B. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.
- C. Journal entry spreadsheets are not impacted by this new function.
- D. Must have separate user defined roles using the privilege
XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
Answer: A,B
NEW QUESTION 51
Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)
- A. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
- B. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
- C. Define budgetary control at ledger level and only encumbrance control at the business units
- D. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
- E. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
- F. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
Answer: A,B
NEW QUESTION 52
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. A cross validation rule is in place to prevent the resulting combination from being created
- B. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page
- C. There is a primary balancing segment attached to the legal entity of the primary ledger
- D. The general accountant has a segment value security rule assigned which restricts access to that cost center
Answer: A
NEW QUESTION 53
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. Query the account balance online
- B. Run a Trial Balance before and after posting
- C. View the Projected Balances region in the Create Journals page
- D. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
Answer: C
Explanation:
Explanation/Reference:
NEW QUESTION 54
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Each product has its own Intercompany Accounting feature that needs to be set up separately
- B. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub
- C. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
- D. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
Answer: C,D
NEW QUESTION 55
You want to achieve multi-step cascading allocations, which feature do you use?
- A. RuleSets
- B. Point of View (POV)
- C. Formulas
- D. General Ledger journal entries
Answer: A
NEW QUESTION 56
The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?
- A. Run the "Update Balance Cube Chart of the Accounting Dimension" program
- B. Deactivate the value
- C. Run the "Correct Misclassified Account" program
- D. Run the "Segment Value Inheritance" program
Answer: C
NEW QUESTION 57
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
- A. This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions.
- B. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
- C. This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- D. This report displays the intercompany receivables and intercompany payables balances in summary for a period.
- E. This 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.
Answer: C,D
NEW QUESTION 58
You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)
- A. Chart of Accounts and Business Units
- B. Accounting Calendar
- C. Legal Entities, Business Units, and Chart of Accounts
- D. Chart of Accounts
- E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
Answer: B,D
NEW QUESTION 59
After loading your budget data into General Ledger Cloud, you can view budget balances using these features.
Which feature does not belong on the list?
- A. Account Inspector
- B. Smart View
- C. Application Development Framework Desktop Integration Budget Balances Report
- D. Account Monitor
Answer: C
NEW QUESTION 60
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?
- A. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
- B. Define multiple ledgers for consolidation and report on ledger set
- C. Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
- D. Use Oracle Hyperion Financial Management for this type of complex consolidation
Answer: C
NEW QUESTION 61
All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle's recommended approach to performing consolidations?
- A. Use Oracle Hyperion Financial Management for this type of complex consolidation.
- B. Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.
- C. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.
- D. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program
Answer: D
NEW QUESTION 62
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. Export the table to Excel
- B. Run a Business Intelligence Publisher report with Excel as the output format
- C. Use the Freeze feature on the tables to scroll through large amounts of data
- D. Detach the table to resize it to the maximum size of the monitor
Answer: B,D
NEW QUESTION 63
......
1z0-1054-20 Exam Dumps, 1z0-1054-20 Practice Test Questions: https://www.free4torrent.com/1z0-1054-20-braindumps-torrent.html