Free Access Oracle.1Z0-1054-21.v2022-07-31.q81 Practice Test (Page 3)

Question 6

Budgetary control for account 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year2013. Which statement is true?

A.If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward

B.If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward

C.If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

D.If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

E.The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances

Question 7

Which Subject area has been enhanced to allow you to drill down from OTBI General Report to a General Journal?

A.General Ledger - Journal Real Time

B.General Ledger - Summary Balances Real Time

C.General Ledger - Journal Balances Real Time

D.General Ledger - Journal Transaction Balances Real Time

Question 8

What are the two purposes of a secondary ledger? (Choose two.)

A.It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options

B.It should not be used when trying to meet local accounting requirements

C.It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting

D.It is used to main balances in a different currency only

E.It should only be used to main balances for processing performance

Question 9

How do you hide accounts with no balances showing #Missing in Smart view?

A.Use Excel functions to hide rows with #Missing assigned

B.This indicates a database connection issue

C.Select the Data/Missing check box in the Data Options tab

D.Choose the Suppress Zeros option under Data options

Question 10

Your customer is a financial Institution that needs to maintain average daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?

A.Average balances are stored for both subledger balances and general ledger balances

B.Average balances are stored in the Essbase cube

C.ADB provides organizations with the ability to track average and end-of-day balances, report average balance sheets, and create custom reports using both actual and average balances

D.When using ADB, you must define a daily calendar and assign it to your ADB ledger

E.Average balances are maintained for both actual and budget balances

Other Version: 1372Oracle.1Z0-1054-21.v2022-03-18.q38

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