Free Oracle 1Z0-1054 Exam Dumps Questions & Answers

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

• A.  Account Monitor
• B.  Account Inspector and its charts
• C.  Financial Reports with Embedded charts
• D.  Smart View

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

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

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

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

You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

• A.  automatic or manual batch numbering and the minimum transaction amount
• B.  the approvers who will approve intercompany transactions
• C.  whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
• D.  whether to allow receivers to reject intercompany transactions
• E.  automatic or manual batch numbering and the maximum transaction amount

Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?

• A.  Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of
  $400 USD
• B.  $400 USD will be expired and not available for use
• C.  Invoice type will have less funds available by $400 USD
• D.  $400 USD will be added back to available funds
• E.  Only obligation type will have $400 USD funds available