Free Access to Oracle.1Z0-1054-21.v2023-01-27.q82 with Valid Practice Test (Page 8)

Question 31

You have a requirement for the Intercompany Provider and Receiver distribution account to be balance automatically for all intercompany transactions.
What should you configure?

A.Intercompany transaction type default accounts
B.the Transaction Account Definition g
C.the AutoAccounting Definition
D.Provider and Receiver distribution set -

Correct Answer: D

https://docs.oracle.com/en/cloud/saas/financials/20c/faugl/intercompany- transactions.html#FAUGL2853066 Example of Setting Up Transaction Account Definition for Intercompany This example describes how Transaction Account Definition (TAD) rules can be defined to automatically generate distribution accounts for an intercompany transaction.
Transaction Account Definition (TAD) rules are called to default provider or receiver distribution accounts or both for each transaction.
In this example, we will generate distribution accounts based on specific account combinations for the provider and receiver. These accounts will act as the default accounts but we will also override the intercompany segment value (the last segment) of each account with the trading partner company value.
Before you can automatically generate distributions accounts, you must complete the following setup tasks:
1. Creating an Account Rule for the Provider Distribution: Create an account rule for the provider distribution that always generates a constant account combination 3111-531-3611-1511-41110-1121-
1311-0000.
2. Creating an Account Rule for the Receiver Distribution: Create an account rule for the receiver distribution that always generates a constant account combination 3211-542-3611-1511-52231-1121-
1311-0000.
3. Creating a Mapping Set of Provider Organizations: Create a mapping set that maps intercompany provider organizations to specific company segment values. This mapping set is used in the account rule that overrides the intercompany segment of the receiver distribution. For example, map the intercompany provider organization Vision Foods USA Ltd to value 3111.
4. Creating a Mapping Set of Receiver Organizations: Create a mapping set that maps intercompany receiver organizations to specific company segment values. This mapping set will be used in the account rule that will override the intercompany segment of the provider distribution. For example, map the intercompany receiver organization Vision Farms Ltd to the value 3211.
5. Creating a Provider Intercompany Segment Account Rule: Create a rule for the provider intercompany segment that uses the mapping set created in step 3. This rule overrides the intercompany segment value of the account combination generated in step 1.
6. Creating a Receiver Intercompany Segment Account Rule: Create a rule for the receiver intercompany segment that uses the mapping set created in step 4. This rule overrides the intercompany segment value of the account combination generated in step 2.
7. Creating the Transaction Account Definition: Create the transaction account definition to map the account rules previously created.
8. Assigning the Transaction Account Definition to a Ledger: Assign the transaction account definition to your ledger.

Question 32

When creating your financial statements, you would like to have a chart, such as a bar graph, included in the report output.
Which two reporting tools allow you to achieve this? (Choose two.)

A.Smart View
B.Financial Reporting Studio
C.Account Inspector
D.Financial Statement Generator

Question 33

You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?

A.The purchase order is Partially Liquidated and theinvoice is Partially Reserved
B.Both are Partially Reserved
C.The purchase order is Partially Liquidated and the invoice will be Reserved
D.The purchase order is Liquidated and the invoice is Partially Reserved
E.The purchase order is Open and the invoice is Validated
F.Both are reserved

Question 34

You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit.
and Loss Accounts (4000-2222). ) being
The following combinations exist in the Code Combination table:
01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and 01-000-7640-00
Which two statements are true regarding cross-validation rules?

A.The rules validate and apply to new accounts only
B.There is no need to create cross-validation rules if Dynamic Combination Creation eek. fs ; enabted for your chart of accounts instance. 1 & You need to run the Cross-Validation Rule Violations process to allow rules te apely lind combinations that violate rules.
C.The rules will validate and apply to new and existing accounts. Xs
D.You need to run the Cross-Validation Rules Process to list and optionally disable combinations a

Question 35

You want to be notified of anomalies in certain account balances in real time. What is the mostefficient way to do this?

A.Open a Smart View file saved on your desktop
B.Create an Account Group using Account Monitor
C.Use Account Inspector
D.Perform an account analysis online

Question 31

Question 32

Question 33

Question 34

Question 35

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