Free Access to Oracle.1z0-1054-25.v2025-12-06.q62 with Valid Practice Test (Page 13)

Question 56

The Journal Import process pulls information from the GL Interface table to create valid, postable journal entries in General Ledger.
Which two statements are true about the Journal Import process?

A.The process validates all your data before it creates journal entries in General Ledger.
B.Any error transactions from Oracle Subledgers can be easily deleted and resubmitted.
C.You can only validate and select to transfer journal data in the Summary mode.
D.FBDI can be used to upload journal entry data from external sources into General Ledger.

Question 57

Your customer has alarge number of legal entities. Thelegal entity valuesare defined in thecompany segment and the primary balancing segment.
They want to easily createeliminating entriesfor theintercompany activity.
What should you recommend?

A.There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
B.Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
C.Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
D.There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.

Question 58

You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'

A.Reconcile
B.Financial Category
C.Third Party Control Account
D.End Date
E.Start Date

Question 59

Which three factors should you consider while specifying Intercompany System options?

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

Correct Answer: B,C,D

Intercompany System options are used to set up intercompany processing rules at the enterprise level, based on your specific business needs. They help you standardize and simplify transaction processing, minimize disputes, and reduce administrative costs. The three factors that you should consider while specifying Intercompany System options are:
* Automatic or manual batch numbering and the minimum transaction amount: These options help you control the numbering and the size of intercompany transactions. You can choose to use system generated or manual batch numbering, and you can specify a minimum threshold amount for intercompany transactions to prevent immaterial transactions. To use the minimum transaction amount option, you must also select an Intercompany currency option.
* Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies:
This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions. You can choose to standardize transaction processing by selecting an Intercompany currency, which means that all intercompany transactions created in the Intercompany module are entered in this currency. Alternatively, you can choose to allow intercompany transactions in local currencies, which means that intercompany transactions can be entered in the ledger currency of the sender or the receiver.
* Whether to allow receivers to reject intercompany transactions: This option helps you handle the approval and dispute resolution process for intercompany transactions. You can choose to allow receivers to reject intercompany transactions if they disagree with the sender's information, such as the amount, the account, or the date. If you enable this option, you must also specify the rejection reason and the notification details for the sender.
Intercompany System Options
Implementing Enterprise Structures and General Ledger
Implement General Ledger

Question 60

What are thetwo possible reasonsforencumbrance created on the purchase orderto go back to thebudget or funds availability?

A.The purchase order is canceled or finally closed or rejected without performing any receipt or invoice.
B.The requisition reserved successfully undergoes amendment and is rejected in the reapproval.
C.When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unreceived amount.
D.When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.

Question 56

Question 57

Question 58

Question 59

Question 60

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