Free Access Oracle.1Z0-1054-21.v2022-07-31.q81 Practice Test (Page 7)

Question 26

What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availibility? (Coose two)

A.When the purhcase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unreceived amount.

B.When the purhcase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.

C.The requisition reserved successfully undergoes amendment and is rejected in the reapproval

D.The Purchase order is canceled or finally closed or rejected without performaing any receipt or invoice

Question 27

What are the Two purposes of a secondary ledger?

A.it is used to main balances in a different currency only

B.it should only be used to maintain balances for processing performance.

C.it should not be used when trying to meet local accounting requirements.

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

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

Question 28

Yourcustomer wants to use a clearing company to automatically balance intercompany entries.
Which three statements are true regarding the use of a clearing company value? (Choose three.)

A.You must map legal entities to balancing segment values in order to use a clearing company

B.Clearing companies are not supported

C.If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal

D.If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger

E.If you map legal entities to balancing segment values,then a clearing company can only be applied within a legal entity

Question 29

You need to distribute departmental expense reports to l00 department managers in your organization.
The report format is the same, but the department values differ. What in the most efficient way to achieve this?

A.When defining the report, make the Department Segment a prompt and when users view the report, they can change the prompt to their department

B.Create a single report for all departments. When department managers log in to Financial Reporting Center, they will only be able to view their department's data based on Segment Value Security Rules.

C.Set up Bursting Options for your batch to prepare multiple versions of a report from a single process

D.Set the Department segment as a User Point of View (POV) and submit a report batch and schedule it:
to run for every department. Send the different batch outputs as PDF attachments via email to different users.

Question 30

You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts. What is the solution?

A.Use the Open Account Balances Listing report that has balances by customer

B.Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI)

C.Use Supporting References to capture customer classification information

D.Use the Third Party Control Account feature

Other Version: 1364Oracle.1Z0-1054-21.v2022-03-18.q38

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Question 26

Question 27

Question 28

Question 29

Question 30

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