Free Access Oracle.1Z0-1054-21.v2022-03-18.q38 Practice Test (Page 2)

Question 1

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

A.The Segment Value Security rules do not take effect until you assign the rules to users and products

B.When you enable Segment Value Security on a segment, users will notbe able to access any values until you grant access to users and products

C.When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts

D.You can use hierarchies to define rules

Question 2

You need to create a boardroomready month-end reporting package for an upcoming Audit Committee meeting. You have 10 Financial Reports that you want to share with executives and auditors that are nicely formatted.
What are the two Oracle recommended ways to accomplish this? (Choose two.)

A.Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet

B.Use OTBI to create multiple reports that you save to a folder that only the users can access

C.Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee

D.Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

E.Use a report batch to run reports at a specific time to create a set of snapshot reports

Question 3

You are using Oracle General Ledger (GL), Oracle Payables and Oracle Receivables and would like to prevent the closure of the GL period if the corresponding subledger period is not closed.
How will you achieve this?

A.Set the ORA_GL_INCLD_STRICT_PRD_CLOSE profile option to yes

B.Set the relevant option on the Specify Ledger Options page

C.Opt in to the PreventPeriod Close option for the offering

D.Nothing, this option is enabled automatically

Question 4

All of your subsidiaries can share the same ledger with their parent company and all reside onthe same application instance.
They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?

A.Use Oracle Hyperion Financial Management for this type of complex consolidation

B.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 segment

C.Define multiple ledgers for consolidation and report on ledger set

D.Use General Ledger's Balance Transferprograms to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.

Question 5

Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, NewZealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments. Which three statements are true regarding the creation of a control budget? (Choose three.)

A.A control budget can be associated with a different calendar than accounting calendar

B.Control budgets are always absolute to generate encumbrance accounting

C.A control budget can allow override rules only if the control level is absolute

D.A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore

E.The control budget structure has all thechart of account segments as budget segments

Other Version: 1907Oracle.1Z0-1054-21.v2022-07-31.q81

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