Free Oracle 1z0-1054-24 Exam Dumps Questions & Answers

After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

• A.  Journal category
• B.  Journal lookup codes
• C.  Profile option
• D.  Ledger options
• E.  Journal sources

You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

• A.  The Create Scenario Dimension Members program has not been run.
• B.  Transfer Budget Balances to Budget Cubes has not been run.
• C.  Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
• D.  Budgeting is not enabled in the Ledger options.
• E.  A value for the budget scenario is not created.

You have enabled budgetary control and have a control budget set toAdvisorycontrol level. For September
2016, your budget for a given account combination is$5,000 USD.
In the same month, there is anapproved requisitionfor that account of$900and anapproved purchase order for that account of$2,500 USD. There is also aGeneral Ledger adjustment journal entryfor that account of
$1,600 USD. Anapproved purchase order line of $400 USDis thencanceled.
Aninvoice is matchedto the purchase order for$2,100 USD.
Which two statements are true? (Choose two.)

• A.  Purchase order encumbrance will be released for $2,100 USD.
• B.  Funds reservation only happens for non-matched invoices, so the system will not reserve funds.
• C.  The system always consumes the budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation.
• D.  As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016.

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.  Adjustment only
• B.  Balance level
• C.  Journal ledger
• D.  Sub-ledger level.

What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

• A.  Optimize parent/child relationships.
• B.  Verify correctness of trees.
• C.  Set the status of a tree to active.
• D.  View information for runtime performance.
• E.  Create additional versions of a tree.