Free Oracle 1z0-1054-22 Exam Dumps Questions & Answers

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 is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting
• 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 should only be used to main balances for processing performance

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

• A.  Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
• B.  Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
• C.  In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
• D.  Each product has its own Intercompany Accounting feature that needs to be configured separately.

When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

• A.  when there is a many-to-many journal and you want to use a clearing company
• B.  when the journal is balanced by the primary BSV but not by second or third BSV
• C.  when the journal is balanced by second balancing segment value
• D.  when the journal is not balanced by the primary balancing segment value (BSV)

When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).

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

You want to monitor the close process of all financial subledgers and ledgers.
How can you quickly obtain this information?

• A.  Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
• B.  Use Close Monitor in General Accounting Dashboard
• C.  Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
• D.  Run Closing Status reports