Free Oracle 1Z1-1054 Exam Dumps Questions & Answers

Your customer wants to have balance sheets and income statements for its cost center and program segments.
That is, the customer wants to have three balancing segments.
Which two recommendations would you give your customer? (Choose two.)

• A.  When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
• B.  Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
• C.  Define Ledger balancing options to balance by second and third balancing segments
• D.  Additional intercompany rules will need to be defined for the two additional balancing segments

You are defining intercompany balancing rules that are applied to a specific source and category, such as payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)

• A.  You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.
• B.  If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
• C.  Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
• D.  You can create a rule for all sources and categories by selecting the source "Other" and the category
  "Other".

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 creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
• C.  by using the Close Status monitor to drill down on the close status across ledgers
• D.  by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

• A.  Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management
• B.  The unmapped segments default to future use segments in Hyperion Financial Management
• C.  Data is summarized across segments that are not mapped to Hyperion Financial Management
• D.  No data is transferred

How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

• A.  CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table
• B.  If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
• C.  CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
• D.  Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage