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Home Oracle 1z0-1054-21

Oracle 1z0-1054-21 Exam Practice Questions (P. 2)

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Question #6
You are creating values for the chart of account value set that you are planning to use for the account segment within your Chart of Accounts.
You are not able to assign an Account Type. What is the reason for this?
  1. A
    You have not set the Allow Posting attribute for the value set.
  2. B
    You are creating values before assigning the value set to the structure.
  3. C
    The Account Type qualifier has not been enabled when defining the value set.
  4. D
    You have not set the Allow Budgeting attribute for the value set.

Correct Answer:
A

Question #7
You are using the Create Budgets in a Spreadsheet option to load your budget balances into the GL balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
Which two are reasons for this? (Choose two.)
  1. A
    The Create Scenario Dimension Members program has not been run.
  2. B
    The Transfer Budget Balances to Budget Cubes has not been run.
  3. C
    The Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
  4. D
    A value for the budget scenario has not been created.
  5. E
    Budgeting has not been enabled in the ledger options.

Correct Answer:
BD

Question #8
You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)
  1. A
    You can have only one version of a hierarchy published to the Essbase cube at any time.
  2. B
    Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
  3. C
    Child values in these hierarchies can belong to only one parent.
  4. D
    Hierarchies for reporting and allocations have to be published to Essbase cubes.

Correct Answer:
AD

Question #9
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?
  1. A
    Define the intercompany segment with a default value.
  2. B
    Define the company segment and assign both the primary balancing segment and intercompany segment labels.
  3. C
    Share the same value set for the company and intercompany segments.
  4. D
    Create two different value sets for the company and intercompany segments.

Correct Answer:
D

Question #10
You want to monitor the close process of all your financial subledgers and ledgers, including a consolidated Profit and Loss position.
How can you quickly obtain this information?
  1. A
    Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
  2. B
    Access each subledgers’ calendar and General Ledger’s Manage Accounting Periods page to view the status of each period.
  3. C
    Use Close Monitor in General Accounting Dashboard.
  4. D
    Run Closing Status reports.

Correct Answer:
C

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