Oracle Financials Cloud: General Ledger 2019 Implementation Essentials

Question 1

You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

A. Use Account Inspector

B. Create an Account Group using Account Monitor

C. Perform an account analysis online

D. Open a Smart View file saved on your desktop

Correct Answer: B

Question 2

You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?

A. Close the General Ledger period in the Manager Accounting Periods page

B. Close Intercompany periods in Fusion Intercompany

C. Freeze the Intercompany journal source in General Ledger

D. Close all subledger periods

Correct Answer: A

Question 3

Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period

B. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period

C. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period

D. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management

Correct Answer: A

Question 4

You need to define multiple allocation rules as efficiency as possible.
Which three components can be reused across allocation rules? (Choose three.)

A. Formulas

B. Run Time Prompts (RTP)

C. RuleSets

D. Point of View (POV)

Correct Answer: A,B,C

Question 5

The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

A. Account Group

B. Budget Controller

C. Budget Group

D. Budget Account Group

E. Application Development Framework Desktop Integration (ADFdi)

Correct Answer: D

Question 6

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

A. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance

B. Define two different charts of accounts

C. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level

D. Define the company segment only and qualify it as both the primary balancing segment and intercompany segment

Correct Answer: C

Question 7

Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)

A. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

B. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.

C. Cloud customers can use both OTBI and OBIA

D. OTBI allows you to create custom reports from real-time transactional data against the database directly

E. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.

Correct Answer: A,B,D

Question 8

Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)

A. Smart View

B. Sunburst reports

C. Online Transactional Business Intelligence

D. Account Inspector

E. Account Monitor

Correct Answer: A,D,E

Oracle Financials Cloud: General Ledger 2019 Implementation Essentials - 1Z1-1054 Exam Practice Test

Latest Update

Useful Links

Contact Us