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Complete Oracle 1z0-1054-24 Exam Dumps - 1z0-1054-24 Reliable Test Vce
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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q25-Q30):
NEW QUESTION # 25
You are implementingFinancials Cloudand are usingspreadsheetsto loadLegal Entities, Business Units, and Account Hierarchies.
Which threesetup objectscan be loaded via aspreadsheetfromFunctional Setup Manager?
- A. Chart of account values, accounting calendar, and ledger
- B. Complete Accounting Configuration
- C. Suppliers and Customers
- D. Banks, Bank Accounts, and Branches
- E. Setup data for Receivables and Payables product.
Answer: A,C,D
NEW QUESTION # 26
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
- A. Smart Slices
- B. Smart Queries
- C. Ad Hoc Analysis
- D. Query Designer
Answer: C
Explanation:
To create an Income Statement using Smart View, you should use Ad Hoc Analysis. Ad Hoc Analysis is a Smart View tool that allows users to view and analyze financial data from General Ledger Cloud using Essbase cubes. Users can create reports such as Income Statements or Balance Sheets by selecting dimensions and members from Essbase cubes and retrieving data into Excel worksheets. Users can also perform actions such as drilling down, pivoting, zooming in or out, or expanding or collapsing members
NEW QUESTION # 27
Which two statements are true about the Intercompany Reconciliation report?
- A. It displays all clearing company balancing lines for a period.
- B. It displays the intercompany receivables and intercompany payables balances in summary for a period.
- C. You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
- D. It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
- E. It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
Answer: B,E
Explanation:
The Intercompany Reconciliation report is a tool that helps you reconcile your intercompany transactions and identify any discrepancies between the provider and receiver sides. The report shows the entered or transaction amount of the accounting entries booked to the intercompany receivables and payables accounts for a pair of provider and receiver legal entities. The accounted amounts may be different when the conversion rates used for the intercompany receivables and payables are different. Therefore, you can run the report using an additional currency and conversion rate that converts all amounts into a common currency for comparison. This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions. The report also displays the intercompany receivables and payables balances in summary for a period, and any differences between them. You can drill down on the links to view the balances by source and then by journal lines. You have full drill-down capabilities to the general ledger journal, subledger accounting entry, and source receivables or payables transaction. References:
* Intercompany Reconciliation
* Intercompany Reconciliation Reports
NEW QUESTION # 28
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can have the System Administrator configuring pages for them using Page Composer
- B. They can use "+" under the Apps section of the News Feed homepage
- C. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
- D. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
Answer: B,C
Explanation:
According to Oracle documentation2, your users can personalize the Springboards and Work Areas to suit their individual working styles in these two ways: They can format certain tables by hiding and showing columns, moving columns, and resizing columns, and they can use "+" under the Apps section of the News Feed homepage. Springboards and Work Areas are user interface components that enable users to access tasks and information relevant to their roles. Users can customize these components by adding or removing tiles, changing layouts, filtering data, and formatting tables. Therefore, options A and D are correct. Option B is incorrect because users have more control over configuring their Springboards and Work Areas than just resizing columns. Option C is incorrect because users do not need to have the System Administrator configuring pages for them using Page Composer.
NEW QUESTION # 29
You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?
- A. Validation
- B. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
- C. Address Cleansing
- D. Geocoding
Answer: D
Explanation:
According to Oracle documentation1, you should enable geocoding to achieve the requirement of finding points of interest, such as customers, while out on business. Geocoding is the process of assigning geographic coordinates to a physical address. Geocoding enables you to use maps and location-based services to find and visualize points of interest. Therefore, option B is correct. Option A is incorrect because HZ_GEO_IDENTIFIER_SUBTYPE Lookup is not a feature that enables finding points of interest. Option C is incorrect because validation is not a feature that enables finding points of interest. Option D is incorrect because address cleansing is not a feature that enables finding points of interest.
NEW QUESTION # 30
......
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