Free Oracle 1Z0-1054-21 Exam Dumps Questions & Answers

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accounting date was
4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated
5/5/16.What is causing this?

• A.  The sub ledger accounting option is set to system date
• B.  The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
• C.  The actual accounting date was set up under the encumbrance accounting Default Date Rule
• D.  The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

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

• A.  Oracle Transactions Business Intelligence
• B.  Financial Reporting Studio
• C.  Smart View
• D.  Oracle Enterprise Repository
• E.  Application Composer

Which two statements are true regarding the Intercompany Reconciliation Report?

• A.  This report displays only the reconciled transactions, You need to further process automatic reconciliation to reconcile the unreconciled
• B.  You can only drill down to the general ledger journal and then from there to the subledger: Journal transactions.
• C.  This report Includes Ledger balancing lines generated when the Primary balanced Segment value
  {BSV) is in balance, but either the second or third BSVs are not.
• D.  This report displays the intercompany receivables and intercompany payables balances Summary for a period
• E.  This report can be run using an additional Currency and conversion rate to converts all amount into a common Currency for comparison.

You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

• A.  When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts
• B.  You can use hierarchies to define rules
• C.  The Segment Value Security rules do not take effect until you assign the rules to users and products
• D.  When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products

When creating financial Reports which two tools use data from the General Ledger Balances Cube?

• A.  Financial Reporting Studio
• B.  Financial Reporting Center
• C.  Oracle Financial Statement Generator
• D.  Smart view