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1z0-1054-24 Questions and Answers

Question # 6

Which two statements are true regarding the Translation process? (Choose two.)

A.

Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.

B.

If necessary, before submitting the Translation process, the Revaluation process should be completed.

C.

The Translation process should be run before posting Period Close adjustment entries.

D.

The Translation process can only be used for translating the balances of Secondary ledgers.

E.

The Translation process can only be used to translate balance sheet accounts.

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Question # 7

When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?

A.

Redeploy the chart of accounts.

B.

Make sure to flatten the rows of the tree version.

C.

Make sure the tree is active.

D.

Make sure the tree version was published successfully.

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Question # 8

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 General Ledger period is opened.

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 Revaluation process is run.

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Question # 9

You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

A.

HZ_GEO_IDENTIFIER_SUBTYPE Lookup

B.

Geocoding

C.

Validation

D.

Address Cleansing

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Question # 10

InFinancial Cloud, which three reporting tools can be used to accessGeneral Ledger balances?

A.

Oracle Transactions Business Intelligence

B.

Oracle Enterprise Repository

C.

Smart View

D.

Financial Reporting Studio

E.

Application Composer

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Question # 11

You want to automatically post journal batches imported from subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger.

Which two aspects should you consider when defining your AutoPost Criteria?

A.

Schedule your AutoPost Criteria set to run during off-peak hours only.

B.

Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.

C.

Create your AutoPost criteria using minimal sources and categories.

D.

Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.

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Question # 12

You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.

The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.

The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.

Which conversion level would you recommend to keep a thin secondary ledger?

A.

Journal ledger

B.

Adjustment only

C.

Balance level

D.

Sub-ledger level.

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Question # 13

You entered users who are bothemployees and contingent workers. You want an automated way toassign, reassign, and remove rolesfrom users. What feature do you use?

A.

Oracle Identity Manager Roles Assignment

B.

Access Policy Manager's Role Generation

C.

You cannot reassign contingent workers

D.

Role Mappings

E.

Data Roles

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Question # 14

When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets.

When defining new related value sets, which three configuration steps should be considered?

A.

Link two value sets together

B.

Use independent validation type value sets only

C.

Order of the segments determines filtering sequence

D.

Use table validated type value sets only

E.

Link multiple value sets together

F.

Order of the segments does not determine filtering sequence.

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Question # 15

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.

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.

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Question # 16

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.

End Date

B.

Start Date

C.

Reconcile

D.

Financial Category

E.

Third Party Control Account

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