1z0-1054 Free Practice Test

You entered a journal and the client is asking for the following information:
< > >< > >How will you get this information?

1. A. Query the account balance online
2. B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
3. C. View the Projected Balances region in the Create Journals page
4. D. Run a Trial Balance before and after posting

Correct Answer: C

You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)

1. A. Deploy your chart of accounts
2. B. Use HCM’s Enterprise Structure Configurator (ESC) first
3. C. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets
4. D. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
5. E. Use the Rapid Implementation spreadsheet when creating your enterprise structure

Correct Answer: ABE

Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

1. A. Each product has its own Intercompany Accounting feature that needs to be set up separately
2. B. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
3. C. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
4. D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub

Correct Answer: BD

Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the budget transfer?

1. A. Import Budget Amounts from Spreadsheet (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)
2. B. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)
3. C. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
4. D. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)

Correct Answer: B

Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)

1. A. Cloud customers can use both OTBI and OBIA
2. B. OTBI allows you to create custom reports from real-time transactional data against the database directly
3. C. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
4. D. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
5. E. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Correct Answer: BCE