Free Oracle 1Z0-1054 Exam Questions (page: 3)

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?

  1. Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
  2. Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
  3. Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.
  4. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

Answer(s): D



Which reporting tool is best suited for submitting high-volume transactional reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

  1. Oracle Transactional Business Intelligence (OTBI)
  2. Business Intelligence Publisher (BI Publisher)
  3. Financial Reporting Center
  4. Smart View
  5. Oracle Data Visualization Cloud Service

Answer(s): B



You want to process multiple allocations at the same time. What feature do you use?

  1. RuleSets
  2. Formulas
  3. General Ledger journal entries
  4. Point of View (POV)

Answer(s): A



Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

  1. Data is summarized across segments that are not mapped to Hyperion Financial Management
  2. The unmapped segments default to future use segments in Hyperion Financial Management
  3. No data is transferred
  4. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management

Answer(s): D






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