Free Online Oracle 1D0-1054-23-D Practice Test

Prepare Your Oracle 1D0-1054-23-D Exam Questions with Free online 1D0-1054-23-D Practice Test. Get Brilliant Oracle Financials Cloud: General Ledger 2023 Implementation Professional - Delta Exam Results with Valid 1D0 1054 Exam Dumps.

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Total 108 Questions | Updated On: Apr 22, 2024

Question 1

Your customer is planning to have three balancing segments for generating balance sheets and income

statements at cost center segment and program segment levels.

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Which two recommendations would you give your customer? (Choose two.)

A : Additional intercompany rules will need to be defined for the two additional balancing segments

B : Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry

C : Additional intercompany balancing and clearing options will need to be defined

D : When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal

Answer: A,B

Question 2

Your company has a legal entity in the UK, US, and CanadA. They can all share the same chart of accounts

but are required to transact and report in their local currency.

What is the minimum number of ledgers you need and why?

A : One, because they can all share the same chart of accounts

B : Three, because each requires a different currency

C : Two, because the US and Canada can share the same ledger because they are in North America

D : Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting

Answer: A

Question 3

You are defining intercompany balancing rules that are applied to a specific source and category, such as

payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales.

Which two statements are correct? (Choose two.)

A : You can create a rule for all sources and categories by selecting the source “Other” and the category “Other”.

B : If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.

C : You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.

D : Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.

Answer: A,D

Question 4

The Create Accounting program could not determine the debit side of the journal entry.

Which component of Subledger Accounting determines the debit or credit side of a journal entry?

A : Journal Balances Rule

B : Journal Entry Rule Set

C : Journal Line Rule

D : Journal Accounting Rule

E : Account Rule

Answer: B

Question 5

Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)

A : While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing

B : While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning

C : Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit

D : While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving

E : Define budgetary control at ledger level and only encumbrance control at the business units

F : Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving

Answer: A,D

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Total 108 Questions | Updated On: Apr 22, 2024