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

You want to monitor the close process of all financial subledgers and ledgers.
How can you quickly obtain this information?

• A.Run Closing Status reports
• B.Use Close Monitor in General Accounting Dashboard
• C.Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
• D.Use the Manage Accounting Periods page to view the status of all subledgers and ledgers

You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

• A.Enterprise Resource Budget Integrator
• B.Application Developer Framework Desktop Integrator
• C.File Based Data Import
• D.The budget journal spreadsheet

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

Your company has a legal entity in the UK, US, and CanadA. They can all share the same chart of accounts but are required to transact and report in their local currency.
What is the minimum number of ledgers you need and why?

• A.Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
• B.One, because they can all share the same chart of accounts
• C.Three, because each requires a different currency
• D.Two, because the US and Canada can share the same ledger because they are in North America

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