Free Online Oracle 1Z0-1054-23 Practice Test

Prepare Your Oracle 1Z0-1054-23 Exam Questions with Free online 1Z0-1054-23 Practice Test. Get Brilliant Oracle Financials Cloud: General Ledger 2023 Implementation Professional Exam Results with Valid 1Z0 1054 Exam Dumps.

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Total 149 Questions | Updated On: Apr 24, 2024

Question 1

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

A : Account Monitor

B : Financial Reports with Embedded charts

C : Smart View

D : Account Inspector and its charts

Answer: A

Question 2

Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.

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After opting in the new feature Spend Authorization with Budgetary Control, what additional three actions

need

to be accomplished to activate this feature? (Choose three.)

A : Enable Payment Request Subtypes

B : Rebuild the GL Balances Cube

C : Create a Payment Process Profile

D : Rebuild the Budgetary Control Cube

E : Enable spend authorization

Answer: A,D

Question 3

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

A : every time the tree version is published

B : every time you run the batch program called “Update Essbase Balances”

C : every time you open a new period

D : every time journals are posted to the general ledger

E : at report run-time

Answer: B,C,D

Question 4

What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle

Business Intelligence Applications (OBIA)? (Choose three.)

A : Cloud customers can use both OTBI and OBIA

B : OTBI allows you to create custom reports from real-time transactional data against the database directly

C : OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.

D : Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.

E : OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Answer: A,B,C

Question 5

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A : Data is summarized across segments that are not mapped to Hyperion Financial Management

B : The unmapped segments default to future use segments in Hyperion Financial Management

C : No data is transferred

D :

Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management

Answer: A

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Total 149 Questions | Updated On: Apr 24, 2024