1z0-1054 Free Practice Test

On which three occasions are Essbase balances updated? (Choose three.)

1. A. every time the tree version is published
2. B. every time you run the batch program called “Update Essbase Balances”
3. C. every time you open a new period
4. D. every time journals are posted to the general ledger
5. E. at report run-time

Correct Answer: ADE

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.)

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

Correct Answer: AD

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

1. A. Supervisory level approval
2. B. Cost center based approval
3. C. Dynamic Approval Groups
4. D. Management Chain approval
5. E. Approval Groups

Correct Answer: A

In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

1. A. Application Composer
2. B. Oracle Enterprise Repository
3. C. Oracle Transactions Business Intelligence
4. D. Financial Reporting Studio
5. E. Smart View

Correct Answer: CDE

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle’s recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?

1. A. Define three segments for the company, department, and natural accoun
2. B. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
3. C. Define four segments for the company, department, natural account, and intercompany segmen
4. D. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
5. E. Define three segments for the company, department, and natural accoun
6. F. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.
7. G. Define five segments for the company, department, natural account, intercompany, and future use segmen
8. H. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

Correct Answer: D