Free Access to Oracle.1z0-1054-25.v2025-12-06.q62 with Valid Practice Test (Page 2)

Question 1

You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
01-000-4110-00
01-000-5299-000
01-000-5105-000
01-000-7640-00
Which two statements aretrueregardingcross-validation rules?

A.There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.
B.You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
C.The rules will validate and apply tonew and existing accounts.
D.You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
E.The rules validate and apply tonew accounts only.

Question 2

Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

A.There is no unrealized exchange gain or loss calculated.
B.You have an unrealized exchange loss recorded.
C.The original journal entry in Euros is updated.
D.The original journal entry in Euros remains the same.
E.You have an unrealized exchange gain recorded.

Question 3

You need to have invoices generated for certain intercompany transactions.
Where do you enable invoicing?

A.Manage Intercompany Organizations
B.Manage Intercompany Receivables Assignment
C.Manage Intercompany System Options
D.Manage Intercompany Transaction Types

Question 4

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 not balanced by the primary balancing segment value (BSV)
C.when the journal is balanced by the primary BSV but not by second or third BSV
D.when the journal is balanced by second balancing segment value

Correct Answer: C

Intercompany processing will balance a journal using the accounts identified here for the UK Ledger when the journal is balanced by the primary balancing segment value (BSV) but not by second or third BSV. A BSV is a segment in the chart of accounts that identifies a legal entity or business unit for which financial statements are prepared and balanced. A primary BSV is required for every ledger and is used to balance journal entries within a ledger. A secondary or tertiary BSV is optional and is used to balance journal entries across different dimensions other than the primary BSV, such as fund or region. Intercompany processing is a feature that enables intercompany transactions between different legal entities or business units within the same enterprise. Intercompany processing uses intercompany balancing rules to generate intercompany receivables and payables accounts for cross-ledger or cross-BSV journals. Intercompany processing will balance a journal using the accounts identified here for the UK Ledger when the journal is balanced by the primary BSV but not by second or third BSV, as this indicates that there is an intercompany transaction between different legal entities or business units within the UK Ledger that requires intercompany balancing.
Intercompany processing will not balance a journal using the accounts identified here for the UK Ledger when there is a many-to-many journal and you want to use a clearing company, as this is a scenario that involves multiple legal entities or business units across different ledgers that requires a separate clearing company ledger to perform intercompany balancing. Intercompany processing will not balance a journal using the accounts identified here for the UK Ledger when the journal is not balanced by the primary BSV, as this is an invalid scenario that violates the accounting rules and prevents posting of the journal. Intercompany processing will not balance a journal using the accounts identified here for the UK Ledger when the journal is balanced by second balancing segment value, as this is an incomplete scenario that does not specify whether the journal is also balanced by primary and third BSV. Reference: Oracle Financials Cloud: General Ledger
2022 Implementation Professional Objectives - Configure and Process Intercompany 12

Question 5

What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

A.Set the status of a tree to active.
B.Create additional versions of a tree.
C.Verify correctness of trees.
D.View information for runtime performance.
E.Optimize parent/child relationships.

Question 1

Question 2

Question 3

Question 4

Question 5

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