Online Access Free 1Z0-1054-21 Practice Test

Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?

• A.Business Units functions
• B.Reference Data Sets
• C.None
• D.Data Access Sets

Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this?

• A.Financial Reports published to Excel
• B.Online Transactional Business Intelligence
• C.Smart View
• D.Account Monitor
• E.Account Inspector

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?

• A.Enter another adjusting journal entry in the target currency to true up the balances
• B.Rerun Translation and then reconsolidate your results
• C.Rerun Revaluation and then rerun Translation
• D.Translate only the adjusting journal entry

You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.

• A.Capture accounting events
• B.Create the accounting in the source system and then import the journal entries into subledger accounting
• C.Determine the accounting impact of transactions
• D.Analyze external system transactions

The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India). a Which three labels are required when designing the chart of account structure for the Project.

• A.Intercompany Segment -
• B.Cost center
• C.Natural Account _
• D.Secondary Balancing
• E.Primary Balancing