Online Access Free 1Z0-1054 Practice Test

You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

• A.Aging Reports
• B.Account Analysis Reports
• C.Journals Reports
• D.an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances

You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?

• A.Close the General Ledger period in the Manager Accounting Periods page
• B.Close Intercompany periods in Fusion Intercompany
• C.Close all subledger periods
• D.Freeze the Intercompany journal source in General Ledger

In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

• A.Smart View
• B.Oracle Enterprise Repository
• C.Application Composer
• D.Oracle Transactions Business Intelligence
• E.Financial Reporting Studio

Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)

• A.You only need to assign the Legal Entity and Organization Contact
• B.You must assign the corresponding Receivables and Payables Business Units
• C.You can only associate one Intercompany Organization per Legal Entity
• D.You must have implemented Payables Cloud and Receivables Cloud

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

• A.Posting performance is much faster
• B.You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
• C.You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
• D.General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
• E.Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules