Online Access Free 1Z1-1054 Practice Test

Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)

• A.Financial Analyst
• B.Business Intelligence Administrator (BI Admin)
• C.General Accountant Manager
• D.Controller
• E.General Accountant

Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

• A.Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances
• B.Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances
• C.In Financials Cloud, you must manually reconcile your intercompany account balances
• D.Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
• E.Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?

• A.Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.
• B.Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
• C.Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
• D.Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business.
As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

• A.Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
• B.Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
• C.Run Revaluation to translate into Statistical Currency
• D.Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency

On which three occasions are Essbase balances updated? (Choose three.)

• A.every time the tree version is published
• B.every time journals are posted to the general ledger
• C.every time you open a new period
• D.every time you run the batch program called "Update Essbase Balances"
• E.at report run-time