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Oracle 1z0-1054-22 Exam Syllabus Topics:TopicDetailsTopic 1Manage Intercompany Balancing Rules and Additional Intercompany and Clearing Options Explain Oracle Transactional Business IntelligenceTopic 2Manage Legal Jurisdictions, Legal Authorities and Legal Entities Explain the General Ledger Balances CubeTopic 3Manage General Ledger Security Describe intercompany balancing Manage Accounting CalendarsTopic 4Explain the Financial Reporting Center and available reporting tools Manage Chart of Accounts SecurityTopic 5Process intercompany reconciliations Configuring Enterprise and Financial Reporting StructuresTopic 6Create Allocations and Periodic Entries Processing Intercompany TransactionsTopic 7Configuring Financial Reporting Analyze budgets versus actuals Manage Account HierarchiesTopic 8Manage Reporting using Financial Reporting Web Studio Explain the journal approval setup
Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q18-Q23):

NEW QUESTION # 18
You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?

A. An Audit process needs to be successfully performed before a tree version can be set to ActiveB. Two tree versions were not definedC. Accounting Configuration was not submittedD. Chart of accounts was not deployed

Answer: A

Explanation:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/OAACT/F1005378AN156C9.htm


NEW QUESTION # 19
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?

A. Define multiple ledgers for consolidation and report on ledger setB. 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.C. 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 segmentD. Use Oracle Hyperion Financial Management for this type of complex consolidation

Answer: C


NEW QUESTION # 20
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?

A. When viewing the report, download to Excel and use Excel's Charting features to create your bar graphB. Use Smart View, which is an Excel Add-onC. Use Account Inspector that automatically creates graphs on financial balancesD. When designing your financial statement using Financial Report (FR), embed a chart into your report

Answer: D


NEW QUESTION # 21
Your customer wants to use a clearing company to automatically balance intercompany entries.
Which three statements are true regarding the use of a clearing company value? (Choose three.)

A. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entityB. Clearing companies are not supportedC. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledgerD. You must map legal entities to balancing segment values in order to use a clearing companyE. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal

Answer: A,C,E


NEW QUESTION # 22
You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform? (Choose two.)

A. Ensure that the Accounting Calendar and Currency are the same as the Primary LedgerB. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactionsC. Assign a Subledger Accounting Method to the secondary ledgerD. Define Supporting References with balancesE. Define Journal Conversion Rules that exclude subledgers

Answer: B,C


NEW QUESTION # 23
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