Free Oracle 1Z0-1054 Exam Dumps Questions & Answers

You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)

• A.  Accounting Calendar
• B.  Legal Entities, Business Units, and Chart of Accounts
• C.  Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
• D.  Chart of Accounts and Business Units
• E.  Chart of Accounts

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 current transaction accounting date was set up under the encumbrance accounting Default Date Rule
• B.  The system 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 prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
• E.  The subledger accounting option is set to system date

What are the two purposes of a secondary ledger? (Choose two.)

• A.  It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
• B.  It should only be used to main balances for processing performance
• C.  It should not be used when trying to meet local accounting requirements
• D.  It is used to main balances in a different currency only
• E.  It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting

You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have 10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)

• A.  Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
• B.  Use a report batch to run reports at a specific time to create a set of snapshot reports
• C.  Use OTBI to create multiple reports that you save to a folder that only the users can access
• D.  Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
• E.  Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

• A.  You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
• B.  You must assign the job role and data security context to each user
• C.  You must re-deploy the chart of accounts
• D.  A Data Access Set with full read/write access to the ledger is automatically created