Free Oracle 1Z1-1004 Exam Dumps Questions & Answers

The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

• A.Budget Controller
• B.Account Group
• C.Application Development Framework Desktop Integration (ADFdi)
• D.Budget Group
• E.Budget Account Group

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

All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle's recommended approach to performing consolidations?

• A.Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program
• B.Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.
• C.Use Oracle Hyperion Financial Management for this type of complex consolidation.
• D.Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.

You have enabled budgetary control and have a control budget set to Advisory control level. For September
2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

• A.The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation
• B.As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016
• C.Funds reservation only happens for non-matched invoices, so the system will not reserve funds
• D.Purchase order encumbrance will be released for $2,100 USD
• E.No change

Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)

• A.Financial Analyst
• B.General Accountant Manager
• C.General Accountant
• D.Controller
• E.Business Intelligence Administrator (BI Admin)