Free Oracle 1Z1-1004 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 subledger accounting option is set to system date
• B.  The actual accounting date was set up under the encumbrance accounting Default Date Rule
• C.  The current transaction 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 system date was set up under the encumbrance accounting Default Date Rule

You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business.
As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

• A.  Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
• B.  Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
• C.  Run Revaluation to translate into Statistical Currency
• D.  Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency

You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?

• A.  Accounting Configuration was not submitted
• B.  An Audit process needs to be successfully performed before a tree version can be set to Active
• C.  Two tree versions were not defined
• D.  Chart of accounts was not deployed

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

• A.  You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
• B.  General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
• C.  Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
• D.  Posting performance is much faster
• E.  You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts

Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

• A.  In Financials Cloud, you must manually reconcile your intercompany account balances
• B.  Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances
• C.  Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances
• D.  Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
• E.  Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance