Online Access Free 1z0-1054-22 Practice Test

Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

• A.They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub
• B.Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
• C.Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
• D.Each product has its own Intercompany Accounting feature that needs to be set up separately

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

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

Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?

• A.Only obligation type will have $400 USD funds available
• B.$400 USD will be expired and not available for use
• C.Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD
• D.Invoice type will have less funds available by $400 USD
• E.$400 USD will be added back to available funds

Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

• A.There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
• B.Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period
• C.Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
• D.Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period

You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

• A.Application Developer Framework Desktop Integrator
• B.Enterprise Resource Budget Integrator
• C.File Based Data Import
• D.The budget journal spreadsheet