Free Oracle 1z0-1054-20 Exam Dumps Questions & Answers

What are the two purposes of a secondary ledger? (Choose two.)

• A.It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting
• B.It should not be used when trying to meet local accounting requirements
• C.It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
• D.It should only be used to main balances for processing performance
• E.It is used to main balances in a different currency only

Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

• A.Approval Groups
• B.Management Chain approval
• C.Dynamic Approval Groups
• D.Supervisory level approval
• E.Cost center based approval

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

Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost center segment and program segment levels.
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Which two recommendations would you give your customer? (Choose two.)

• A.Additional intercompany balancing and clearing options will need to be defined
• B.When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
• C.Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
• D.Additional intercompany rules will need to be defined for the two additional balancing segments

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

• A.Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
• B.You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
• C.You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
• D.Posting performance is much faster
• E.General ledger balances are multidimensional, allowing you to perform robust reporting and analysis