Oracle Financials Cloud: General Ledger 2018 Implementation Essentials - 1Z1-1004 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?

A. Make sure the tree is active B. Make sure the tree version was published successfully C. Redeploy the chart of accounts D. Make sure to flatten the rows of the tree version

Discussion 0

Correct Answer: B Vote an answer

Question 2

Which three objectives must be considered when designing the chart of accounts? (Choose three.)

A. Effectively manage an organization's financial business B. Anticipate growth and maintenance needs as organizational changes occur C. Limit the number of segments to those you need today to reduce data entry D. Try to use all 30 segments and 25 characters per segment because you cannot change it later E. Consider implementing a single, global chart of accounts

Discussion 0

Correct Answer: A,B,E Vote an answer

Question 3

You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?

A. Allow Expansion B. Report Functions C. Drill Through in Grid Properties D. Nothing. All report balances are drillable in all FR Studio reports

Discussion 0

Correct Answer: C Vote an answer

Question 4

Which tool can you use to create a Financial Income Statement?

A. Account Inspector B. Rapid Implementation Enterprise Structures setup C. PS/nVision D. One View Reporting

Discussion 0

Correct Answer: A Vote an answer

Question 5

You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

A. whether to allow receivers to reject intercompany transactions B. automatic or manual batch numbering and the minimum transaction amount C. automatic or manual batch numbering and the maximum transaction amount D. whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies E. the approvers who will approve intercompany transactions

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 6

You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts B. The Segment Value Security rules do not take effect until you assign the rules to users and products C. You can use hierarchies to define rules D. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products

Discussion 0

Correct Answer: C,D Vote an answer

Question 7

You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?

A. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD
100 B. The budget will increase by USD 100 and the funds available will decrease by USD 100 C. The budget and funds available will increase by USD 100 D. Funds available will change when the invoice is approved

Discussion 0

Correct Answer: A Vote an answer

Question 8

The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

A. Journal Description B. Journal Source C. Journal Category D. Journal Batch

Discussion 0

Correct Answer: B Vote an answer