Free Oracle 1Z1-1054 Exam Dumps Questions & Answers

You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

• A.  You can use hierarchies to define rules
• B.  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
• C.  The Segment Value Security rules do not take effect until you assign the rules to users and products
• D.  When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud 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 the tree is active
• C.  Make sure to flatten the rows of the tree version
• D.  Make sure the tree version was published successfully

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.  Define multiple ledgers for consolidation and report on ledger set
• B.  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
• C.  Use Oracle Hyperion Financial Management for this type of complex consolidation
• D.  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.

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.  Supervisory level approval
• C.  Approval Groups
• D.  Cost center based approval
• E.  Management Chain approval

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.  While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
• B.  While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
• C.  Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
• D.  Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
• 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 and only encumbrance control at the business units