Free Oracle 1D0-1054-26-D Exam Questions

Question 1

Which two are valid Data Access Set types? (Choose two.)

A : Full access

B : Full Ledger

C : Primary Balancing Segment Value

D : Read and Write access

E : Read Only access

Answer: A,E

Question 2

Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?

A : Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading

B : There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define

C : Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment

D : There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner

Answer: A

Question 3

Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?

A : Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading

B : There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define

C : Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment

D : There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner

Answer: A

Question 4

Which two are valid Data Access Set types? (Choose two.)

A : Full access

B : Full Ledger

C : Primary Balancing Segment Value

D : Read and Write access

E : Read Only access

Answer: A,E

Question 5

You entered a cross-validation rule to prevent the balance sheet cost center (000)from being used with Profit and Loss Accounts (4000-ZZZZ). The following combinations exist in the Code Combination table: 01-000-4110-00 01-000-5299-000 01-000-5105-000 01-000-7640-00 Which two statements are true regarding cross-validation rules?

A : You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules.

B : You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules.

C : There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled for your chart of accounts instance.

D : The rules validate and apply to new accounts only.

E : The rules will validate and apply tonew and existing accounts.

Answer: B,E