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Home Oracle 1z0-1054-22

Oracle 1z0-1054-22 Exam Practice Questions (P. 4)

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Question #16
Users with the General Accountant job role have reported that they are unable to access the UK Ledger.
They require read/write access to the full ledger. The Accounting configuration completed successfully.
What should you do to allow access to the ledger?
  1. A
    Assign the security context value of UK Ledger to the user/role combination.
  2. B
    Create a Data Access Set that allows access to the UK Ledger.
  3. C
    Assign the General Accounting Manager role to those users.
  4. D
    Assign the UK reference set to the user/role combination.

Correct Answer:
B

Question #17
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?
  1. A
    Application Developer Framework Desktop Integrator
  2. B
    File Based Data Import
  3. C
    Enterprise Resource Budget Integrator
  4. D
    The budget journal spreadsheet

Correct Answer:
B

Question #18
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
    Budgeting has not been enabled in the ledger options.
  2. B
    The Create Scenario Dimension Members program 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
    The Transfer Budget Balances to Budget Cubes has not been run.
  5. E
    A value for the budget scenario has not been created.

Correct Answer:
AE

Question #19
You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?
  1. A
    an Account group
  2. B
    an OTBI report
  3. C
    a Financial Reporting Web Studio report
  4. D
    a Trial Balance report

Correct Answer:
C

Question #20
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
What is Oracle's recommended approach to performing consolidations?
  1. A
    Define multiple ledgers for consolidation and report on ledger set.
  2. B
    Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
  3. C
    Use Oracle Hyperion Financial Management for this type of complex consolidation.
  4. D
    Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.

Correct Answer:
B

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