Instant Access Oracle.1Z0-1054-21.v2022-05-17.q47 Actual Practice Test Engine for Free (Page 6)

Question 21

You have a requirement for the Intercompany Provider and Receiver distribution account to be balance automatically for all intercompany transactions.
What should you configure?

A.Intercompany transaction type default accounts
B.the Transaction Account Definition g
C.the AutoAccounting Definition
D.Provider and Receiver distribution set -

Correct Answer: D

https://docs.oracle.com/en/cloud/saas/financials/20c/faugl/intercompany- transactions.html#FAUGL2853066 Example of Setting Up Transaction Account Definition for Intercompany This example describes how Transaction Account Definition (TAD) rules can be defined to automatically generate distribution accounts for an intercompany transaction.
Transaction Account Definition (TAD) rules are called to default provider or receiver distribution accounts or both for each transaction.
In this example, we will generate distribution accounts based on specific account combinations for the provider and receiver. These accounts will act as the default accounts but we will also override the intercompany segment value (the last segment) of each account with the trading partner company value.
Before you can automatically generate distributions accounts, you must complete the following setup tasks:
1. Creating an Account Rule for the Provider Distribution: Create an account rule for the provider distribution that always generates a constant account combination 3111-531-3611-1511-41110-1121-
1311-0000.
2. Creating an Account Rule for the Receiver Distribution: Create an account rule for the receiver distribution that always generates a constant account combination 3211-542-3611-1511-52231-1121-
1311-0000.
3. Creating a Mapping Set of Provider Organizations: Create a mapping set that maps intercompany provider organizations to specific company segment values. This mapping set is used in the account rule that overrides the intercompany segment of the receiver distribution. For example, map the intercompany provider organization Vision Foods USA Ltd to value 3111.
4. Creating a Mapping Set of Receiver Organizations: Create a mapping set that maps intercompany receiver organizations to specific company segment values. This mapping set will be used in the account rule that will override the intercompany segment of the provider distribution. For example, map the intercompany receiver organization Vision Farms Ltd to the value 3211.
5. Creating a Provider Intercompany Segment Account Rule: Create a rule for the provider intercompany segment that uses the mapping set created in step 3. This rule overrides the intercompany segment value of the account combination generated in step 1.
6. Creating a Receiver Intercompany Segment Account Rule: Create a rule for the receiver intercompany segment that uses the mapping set created in step 4. This rule overrides the intercompany segment value of the account combination generated in step 2.
7. Creating the Transaction Account Definition: Create the transaction account definition to map the account rules previously created.
8. Assigning the Transaction Account Definition to a Ledger: Assign the transaction account definition to your ledger.

Question 22

You need to define multiple allocation rules as efficiently as possible, Which three components can be reused across allocation rules?

A.RuleSets
B.Point of View (POV)
C.Run Time Protocols (RTP)
D.Formulas

Question 23

You need to distribute departmental expense reports to l00 department managers in your organization.
The report format is the same, but the department values differ. What in the most efficient way to achieve this?

A.Create a single report for all departments. When department managers log in to Financial Reporting Center, they will only be able to view their department's data based on Segment Value Security Rules.
B.Set the Department segment as a User Point of View (POV) and submit a report batch and schedule it:
to run for every department. Send the different batch outputs as PDF attachments via email to different users.
C.Set up Bursting Options for your batch to prepare multiple versions of a report from a single process
D.When defining the report, make the Department Segment a prompt and when users view the report, they can change the prompt to their department

Question 24

Your customer wants to enable real-time spending controls for transaction amount but does not need General Ledger journals or balances for purchase orders and requisitions Which implementation option should you suggest?

A.Enable Encumbrance Accounting only
B.Enable Budgetary Controi or Encumbrance Accounting
C.Enable Budgets in General Ledger
D.Enable Budgetary Control and Encumbrance Accounting
E.Enable Budgetary Control only

Correct Answer: E

Encumbrance:
Reservation of funds is known as encumbrance. The Thesaurus explains the meaning of encumbrance as
'burden' or 'Load'. The purposes of tracking encumbrances are as follows:
1. Avoid overspending a budget
2. To facilitate effective control and consumption of budget by pre-allocating budget amount
3. To Predict cash outflow and as a general planning tool.
Encumbrance is a commitment to pay in the future for goods or services ordered by not yet received.
The terms encumbrance and commitment are used interchangeably. The budget amount can be reduced by the amount of encumbrance as listed below.
1. On creation where approval is not required.
2. On Approval where the approval is required.
When the goods are received or services are obtained and the invoice is created and matched, then the encumbrance is released and the current year expenditure is accounted.
2.2 Encumbrance Accounting:
Encumbrance accounting is a form of budgetary control within Oracle Applications that enables a company to allocate funding for specific accounts. The funds checking feature which is an integral part of encumbrance accounting, checks for availability of funds on a particular accounting combination.
The funds checking feature can be performed either at the entry level itself before committing the transaction or when the approval is made for the transaction. The approval process checks for the funds check level and the approval is made only when the transaction is passed with the funds check process.
2.3Usage:
The complete use of capabilities of encumbrance accounting, users must enable the budgetary control flag for a set of books. When users enable the budgetary control flag, the system automatically creates encumbrances from requisitions, purchase orders and other transactions originating in feeder systems such as Purchasing and Payables. When users do not enable the budgetary control flag, they can still enter manual encumbrances via journal entry, but Users cannot generate encumbrances from requisitions and purchase orders. Users have two options for using encumbrance data to monitor over- expenditure of a budget. After actual and encumbrances have been posted, users can generate reports to show over-expenditures. Users can also use funds checking to prevent over-expenditures before they occur.

Question 25

You want to automatically port journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)

A.Create your AutoPost criteria using minimal sources and categories
B.Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times
C.Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
D.Schedule your AutoPost Criteria set to run during off-peak hours only

Question 21

Question 22

Question 23

Question 24

Question 25

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