Download Oracle Financials Cloud: General Ledger 2020 Implementation Essentials.1Z0-1054-20.PremDumps.2021-01-21.78q.tqb

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Vendor: Oracle
Exam Code: 1Z0-1054-20
Exam Name: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
Date: Jan 21, 2021
File Size: 310 KB
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Demo Questions

Question 1
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)
  1. Posting performance is much faster
  2. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules 
  3. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
  4. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
  5. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
Correct answer: CD
Question 2
Which tool can you use to create a Financial Income Statement?
  1. One View Reporting
  2. PS/nVision
  3. Account Inspector
  4. Rapid Implementation Enterprise Structures setup
Correct answer: C
Question 3
Which feature outside of reporting and analysis leverages the Essbase cube?
  1. revaluations and translation to revalue and translate currencies stored in the Essbase cube
  2. calculation manager to perform allocations based on multidimensional balances and budgets
  3. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
  4. journal entries and journal approval to create journals that update balances to the cube directly
Correct answer: A
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