Online Access Free 1z0-1054-20 Practice Test

You want to enter budget data in General Ledger Cloud. Which method is not supported?

• A.Application Development Framework Desktop Integration (ADFdi)
• B.Direct budget balance updates from a Financial Statement in Smart View
• C.Entering budget journals
• D.File-based Data Import

Budgetary control for accounts 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 year 2013.
Which statement is true?

• A.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.
• 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, the budget balances $90,000 USD, 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, then only the obligation of $10,000 USD 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

You are defining an income statement report using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report.
What should you enable to allow this?

• A.Nothing. All report are drillable
• B.Allow Expansion in Report Functions
• C.Drill Through in Grid Properties
• D.Drill Down in Report Functions

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

You entered a journal and the client is asking for the following information:
* The current account balance
* What the future account balance will be if the journal is approved and posted How will you get this information?

• A.Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
• B.View the Projected Balances region in the Create Journals page
• C.Run a Trial Balance before and after posting
• D.Query the account balance online