Instant Access Oracle.1Z0-1054-21.v2022-06-19.q77 Actual Practice Test Engine for Free (Page 4)

Question 11

When working with Essbase, versions of the tree hierarchy as defined in the fusion not available in the Essbase balances cube. What should you do to correct this situation?

A.Make sure to flatten the rows of the tree version
B.Redeploy the chart of accounts.
C.Make sure the tree is active.
D.Make sure the tree version was published successfully

Question 12

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 13

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

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

Question 14

What is most efficient way to add a new year to the accounting calendar?

A.Import the periods from a spreadsheet
B.Use the Add Year button
C.Add the periods manually
D.The Application automatically populates the year when you open the first period of a new fiscal year.

Question 15

Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)

A.Use the Freeze feauture on the tables to scroll through large amounts of data
B.Detach the table to resize it to the maximum size of the monitor.
C.Run a Business Intelligence Publisher report with Excel as the output format
D.Export the table to Excel

Question 11

Question 12

Question 13

Question 14

Question 15

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