Free Access Oracle.1Z0-1054-21.v2022-07-31.q81 Practice Test (Page 12)

Question 51

Which two statements are true regarding how intercompany balancing rule, are defined? (Choose Two)

A.you can define different rules for different chart of accounts, ledgers, legal entities, and primary balancing segment value.

B.All Ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules

C.You can only define balancing rules for different journals sources. You cannot define balancing rules for different journal categories

D.You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

Question 52

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

A.Point of View(POV)

B.Formulas

C.Rulesets

D.General Ledger Entries

Question 53

You are defining an income statementreport using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report.
What should you enable to allow this?

A.Drill Through in Grid Properties

B.Nothing. All report are drillable

C.Allow Expansion in Report Functions

D.Drill Down in Report Functions

Question 54

Your company has two legal entities in the US (Balancing Segment Value (BSV 101 and 102) one legal entity in France (BSV 401) and one legal entity in the UK (BSV 402) Both US legal entities share the same ledger, whereas the UK and France have their own ledgers Assuming intercompany transactions are not being entered, what is the minimal action you can take to still configure the ledger correctly?

A.You should assign a balancing segment value to identify each legal entity in each ledger

B.You should assign a balancing segment value to identify each legal entity in the US ledger

C.You should assign a balancing segment value to identify each legal entity in the US and assign balancing segment value to the ledger in the UK and France

D.You should assign the balancing segment value to the ledger in the US and assign the balancing segment value to identify each legal entity in the UK and France Ledgers

Question 55

Your ledger currency is USD. At month end you have a balance on the Accounts Payable Line of 100,000 Euros which is equivalent to USD 136,550 The month end exchange rate Is 1 Euro = 1.3755 USD What two statements are true for the resulting revaluation run?

A.The original journal entry in Euros is Updated,

B.You have an unrealized exchange loss recorded.

C.You have an unrealized exchange gain recorded.

D.There is no unrealized exchange gain or loss calculated

E.The original Journal entry in Euros remains the same.

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Question 51

Question 52

Question 53

Question 54

Question 55

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