Download Oracle Financials Cloud: General Ledger 2018 Implementation Essentials.1z0-1004.ExamLabs.2019-03-15.44q.vcex
| Vendor: | Oracle |
| Exam Code: | 1z0-1004 |
| Exam Name: | Oracle Financials Cloud: General Ledger 2018 Implementation Essentials |
| Date: | Mar 15, 2019 |
| File Size: | 32 KB |
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Demo Questions
Question 1
Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?
- Use the General Ledger’s Calculation Manager to define an allocation definition to eliminate entries that you can generate every period
- Use the spreadsheet template that is accessed from the “Create Journal in Spreadsheet” task and import the spreadsheet with the eliminating entries every period
- There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
- Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
Correct answer: A
Question 2
Which reporting tool is best suited for submitting high-volume transactions reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?
- Oracle Transactional Business Intelligence (OTBI)
- Business Intelligence Publisher (BI Publisher)
- Financial Reporting Center
- Smart View
- Oracle Data Visualization Cloud Service
Correct answer: B
Question 3
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)
- When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
- You can use hierarchies to define rules
- When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts
- The Segment Value Security rules do not take effect until you assign the rules to users and products
Correct answer: AB
Question 4
You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)
- the approvers who will approve intercompany transactions
- whether to allow receivers to reject intercompany transactions
- whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
- automatic or manual batch numbering and the maximum transaction amount
- automatic or manual batch numbering and the minimum transaction amount
Correct answer: BCE
Question 5
The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
- Journal Source
- Journal Category
- Journal Batch
- Journal Description
Correct answer: A
Question 6
Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order.
The invoice was entered on 5/5/16, but the invoice accounting date was 4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/16.
What is causing this?
- The actual accounting date was set up under the encumbrance accounting Default Date Rule
- The current transaction accounting date was set up under the encumbrance accounting Default Date Rule
- The subledger accounting option is set to system date
- The system date was set up under the encumbrance accounting Default Date Rule
- The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
Correct answer: B
Question 7
Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI).
Which represents the appropriate upload steps?
- Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.
- Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
- Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
- Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.
Correct answer: B
Question 8
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?
- Drill Through in Grid Properties
- Nothing. All report balances are drillable in all FR Studio reports
- Allow Expansion
- Report Functions
Correct answer: A
Question 9
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
- Anticipate growth and maintenance needs as organizational changes occur
- Effectively manage an organization’s financial business
- Try to use all 30 segments and 25 characters per segment because you cannot change it later
- Consider implementing a single, global chart of accounts
- Limit the number of segments to those you need today to reduce data entry
Correct answer: ABD
Question 10
In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)
- Application Composer
- Oracle Enterprise Repository
- Oracle Transactions Business Intelligence
- Financial Reporting Studio
- Smart View
Correct answer: CDE
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