Free Oracle 1Z1-1054 Exam Dumps Questions & Answers

Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

• A.There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
• B.Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
• C.Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
• D.Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period

You want to automatically post 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.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
• B.Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
• C.Schedule your AutoPost Criteria set to run during off-peak hours only
• D.Create your AutoPost criteria using minimal sources and categories

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

• A.Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance
• B.Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level
• C.Define the company segment only and qualify it as both the primary balancing segment and intercompany segment
• D.Define two different charts of accounts

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?

• A.Rerun Revaluation and then rerun Translation
• B.Translate only the adjusting journal entry
• C.Rerun Translation and then reconsolidate your results
• D.Enter another adjusting journal entry in the target currency to true up the balances

What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)

• A.The requisition reserved successfully undergoes amendment and is rejected in the reapproval
• B.When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount
• C.When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the extent of the unreceived amount
• D.The purchase order is canceled or finally closed or rejected without performing any receipt or invoice