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

The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

• A.Journal Description
• B.Journal Source
• C.Journal Batch
• D.Journal Category

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.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.Schedule your AutoPost Criteria set to run during off-peak hours only
• D.Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process

You want to achieve multi-step cascading allocations, which feature do you use?

• A.Formulas
• B.General Ledger journal entries
• C.Point of View (POV)
• D.RuleSets

Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)

• A.You must assign the corresponding Receivables and Payables Business Units
• B.You only need to assign the Legal Entity and Organization Contact
• C.You can only associate one Intercompany Organization per Legal Entity
• D.You must have implemented Payables Cloud and Receivables Cloud

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?

• A.Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
• B.Define multiple ledgers for consolidation and report on ledger set
• C.Use Oracle Hyperion Financial Management for this type of complex consolidation
• D.Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.