Free Access Oracle.1Z0-1054-21.v2022-07-31.q81 Practice Test (Page 5)

Question 16

The general accountant Is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.
The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the list of account for the accountant to select in the Suspense Account.
What Is the reason for this?

A.A cross validation rule is in place to prevent the resulting combination from being created.

B.The general accountant does not have the Financials Application administrator role assigned therefore, has view-only privileges on this page. -

C.The general accountant has a segment value security rule assigned which restricts access to the cost center.

D.There Is a primary balancing segment attached to the legal entity of the primary ledger.

Question 17

There is a business requirement for a subsidiary company to report to the parent company basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A.Adjustment only level

B.Spreadsheet level

C.Journal Level

D.Balances Level

E.Subledger level

Question 18

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated3/15/19 was recorded for a purchase order.
The invoice was entered on 5/5/19, but the invoice accounting date was 4/20/19. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/19.
What is causing this?

A.The system date was set up under the encumbrance accounting Default Date Rule

B.The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

C.The subledger accounting option is set to system date

D.The actualaccounting date was set up under the encumbrance accounting Default Date Rule

E.The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule

Question 19

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accounting date was
4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated
5/5/16.What is causing this?

A.The actual accounting date was set up under the encumbrance accounting Default Date Rule

B.The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

C.The sub ledger accounting option is set to system date

D.The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule

Question 20

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

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

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

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

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Question 16

Question 17

Question 18

Question 19

Question 20

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