Aindumps 1z0-1004 v2019-03-12 by - John - 36q PDF

1z0-1004.
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Number: 1z0-1004
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1z0-1004
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials

Exam A
QUESTION 1
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Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a
ledger in each country with a Corporate chart of account instance that has four segments. Which three statements are true regarding the creation of a control
budget? (Choose three.)
A. The control budget structure has all the chart of account segments as budget segments
B. Control budgets are always absolute to generate encumbrance accounting
C. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
D. A control budget can allow override rules only if the control level is absolute
E. A control budget can be associated with a different calendar than accounting calendar
Correct Answer: BDE

Section: (none)
Explanation
Explanation/Reference:
QUESTION 2
The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the
details while analyzing budget balances in the Budget Account Monitor page?
A. Budget Controller
B. Budget Group
C. Account Group
D. Budget Account Group
E. Application Development Framework Desktop Integration (ADFdi)
Correct Answer: D
Section: (none)
Explanation
QUESTION 3
What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)
A. The purchase order is canceled or finally closed or rejected without performing any receipt or invoice
B. When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the extent of the
unreceived amount
C. The requisition reserved successfully undergoes amendment and is rejected in the reapproval
D. When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent
of the unbilled amount
Correct Answer: AB
Section: (none)
Explanation
QUESTION 4
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. Use the General Ledger’s Calculation Manager to define an allocation definition to eliminate entries that you can generate every period
B. Use the spreadsheet template that is accessed from the “Create Journal in Spreadsheet” task and import the spreadsheet with the eliminating entries every
period
C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
D. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
Correct Answer: A
Section: (none)
Explanation
QUESTION 5
Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order.
The invoice was entered on 5/5/16, but the invoice accounting date was 4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is
dated 5/5/16.
What is causing this?
A. The actual accounting date was set up under the encumbrance accounting Default Date Rule
B. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule
C. The subledger accounting option is set to system date
D. The system date was set up under the encumbrance accounting Default Date Rule
E. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
Correct Answer: B
Section: (none)
Explanation
QUESTION 6
Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI).
Which represents the appropriate upload steps?
A. Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.
B. Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
C. Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
D. Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.
Correct Answer: B
Section: (none)
Explanation
QUESTION 7
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions.
What so you need to enable?
A. Drill Through in Grid Properties
B. Nothing. All report balances are drillable in all FR Studio reports
C. Allow Expansion D. Report Functions
Correct Answer: A
Section: (none)
Explanation
QUESTION 8
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
A. Anticipate growth and maintenance needs as organizational changes occur

B. Effectively manage an organization’s financial business
C. Try to use all 30 segments and 25 characters per segment because you cannot change it later
D. Consider implementing a single, global chart of accounts
E. Limit the number of segments to those you need today to reduce data entry
Correct Answer: ABD

Section: (none)
Explanation
QUESTION 9
In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)
A. Application Composer
B. Oracle Enterprise Repository
C. Oracle Transactions Business Intelligence
D. Financial Reporting Studio
E. Smart View
Correct Answer: CDE
Section: (none)
Explanation
QUESTION 10
Budgetary control for account 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 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
B. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
C. 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.
D. 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.
E. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
Correct Answer: A
Section: (none)
Explanation
QUESTION 11
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management
reporting.
What is Oracle’s recommended method for doing this?
A. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
C. Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing
segments, respectively
D. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the
Product segment
Correct Answer: C
Section: (none)
Explanation
QUESTION 12
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
A. Each product has its own Intercompany Accounting feature that needs to be set up separately
B. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany
journals
C. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub
Correct Answer: BD
Section: (none)
Explanation
QUESTION 13
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
Correct Answer: C
Section: (none)
Explanation
QUESTION 14
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. Invoice type will have less funds available by $400 USD

B. $400 USD will be expired and not available for use
C. $400 USD will be added back to available funds
D. Only obligation type will have $400 USD funds available
E. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD
Correct Answer: C
Section: (none)
Explanation
QUESTION 15
You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given account combination is
$5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There
is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice
is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)
A. No change
B. Purchase order encumbrance will be released for $2,100 USD
C. Funds reservation only happens for non-matched invoices, so the system will not reserve funds
D. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016
E. The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation
Correct Answer: BD
Section: (none)
Explanation
QUESTION 16
You want to process multiple allocations at the same time. What feature do you use?
A. RuleSets
B. Formulas
C. General Ledger journal entries
D. Point of View (POV)
Correct Answer: A
Section: (none)
Explanation
QUESTION 17
Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For
some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
A. Journal Entry Rule Set

B. Event Type
C. Journal Line Rule
D. Journal Entry
E. Event Class
Correct Answer: C
Section: (none)
Explanation
QUESTION 18
You want to enter budget data in General Ledger Cloud. Which method is not supported?
A. Entering budget journals

B. Application Development Framework Desktop Integration (ADFdi)
C. Direct budget balance updates from a Financial Statement in Smart View
D. File-based Data Import
Correct Answer: A
Section: (none)
Explanation
QUESTION 19
Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions.
Which two statements are correct with regards to setting this up? (Choose two.)
A. You only need to assign the Legal Entity and Organization Contact
B. You can only associate one Intercompany Organization per Legal Entity
C. You must have implemented Payables Cloud and Receivables Cloud
D. You must assign the corresponding Receivables and Payables Business Units
Correct Answer: CD
Section: (none)
Explanation
QUESTION 20
What are the two purposes of a secondary ledger? (Choose two.)
A. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
B. It should not be used when trying to meet local accounting requirements
C. It is used to main balances in a different currency only
D. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting
E. It should only be used to main balances for processing performance
Correct Answer: AD
Section: (none)
Explanation
QUESTION 21
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How
would you achieve this?
A. Use Smart View, which is an Excel Add-on

B. Use Account Inspector that automatically creates graphs on financial balances
C. When viewing the report, download to Excel and use Excel’s Charting features to create your bar graph
D. When designing your financial statement using Financial Report (FR), embed a chart into your report
Correct Answer: D
Section: (none)
Explanation
QUESTION 22
What is the most efficient way to add a new year to the accounting calendar?
A. Import the periods from a spreadsheet

B. The application automatically populates the next year when you open the first period of a new fiscal year
C. Add the periods manually
D. Use the Add Year button
Correct Answer: D
Section: (none)
Explanation
QUESTION 23
Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?
A. General Ledger - Journal Transaction Balances Real Time

B. General Ledger – Journal Balances Real Time
C. General Ledger – Summary Journals Real Time
D. General Ledger – Journals Real Time
Correct Answer: D
Section: (none)
Explanation
QUESTION 24
You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have 10 financial reports that you want to share with
executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)
A. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
B. Use a report batch to run reports at a specific time to create a set of snapshot reports
C. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
D. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
E. Use OTBI to create multiple reports that you save to a folder that only the users can access
Correct Answer: BC
Section: (none)
Explanation
QUESTION 25
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
Correct Answer: AD
Section: (none)
Explanation
QUESTION 26
You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?
A. Freeze the Intercompany journal source in General Ledger

B. Close all subledger periods
C. Close the General Ledger period in the Manager Accounting Periods page
D. Close Intercompany periods in Fusion Intercompany
Correct Answer: C
Section: (none)
Explanation
QUESTION 27
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
Correct Answer: ADE

Section: (none)
Explanation
QUESTION 28
You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)
A. You must re-deploy the chart of accounts

B. A Data Access Set with full read/write access to the ledger is automatically created
C. You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
D. You must assign the job role and data security context to each user
Correct Answer: BD
Section: (none)
Explanation
QUESTION 29
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
A. Users have very little control their Springboards and Work Areas; they can only resize columns
B. They can use Personalization to move and remove regions from those pages
C. They can have the System Administration customize pages for them using Page Composer
D. They can format each table by hiding and showing columns, moving columns, and resizing columns
Correct Answer: BD
Section: (none)
Explanation
QUESTION 30
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle’s recommended approach to performing consolidations?
A. Use General Ledger’s Financial Reporting functionality to produce reports by balancing segment where each report represents a different subsidiary. Any
eliminating entries can be entered in yet another separate balancing segment
B. Use Oracle Hyperion Financial Management for this type of complex consolidation
C. Use General Ledger’s Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate
balancing segment in the parent ledger.
D. Define multiple ledgers for consolidation and report on ledger set
Correct Answer: B
Section: (none)
Explanation
QUESTION 31
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)
A. Posting performance is much faster

B. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
C. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
D. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also
updated simultaneously
E. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
Correct Answer: CD
Section: (none)
Explanation
QUESTION 32
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company
segment.
What is Oracle’s recommended method to define this chart of accounts?
A. Define the company segment only and qualify it as both the primary balancing segment and intercompany segment B.
Define two different charts of accounts
C. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance
D. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level
Correct Answer: D
Section: (none)
Explanation
QUESTION 33
Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the
budget transfer?
A. Import Budget Amounts from Spreadsheet (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)

B. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)
C. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
D. Budget Loading (XCC_BUDGET_LOADING_DITY_PRIV)
Correct Answer: B
Section: (none)
Explanation
QUESTION 34
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)
A. The Account Rule’s conditions are not defined

B. The Account Rule’s chart of accounts has no account values assigned
C. The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set
D. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set Correct Answer: CD
Section: (none)
Explanation
QUESTION 35
Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more
automated approach to do this?
A. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances
B. In Financials Cloud, you must manually reconcile your intercompany account balances
C. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
D. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance
E. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances
Correct Answer: D
Section: (none)
Explanation
QUESTION 36
You create an invoice for USD 100 that is matched to a purchase order of USD 100. You available the invoice to consume the budget and reduce funds available.
And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?
A. Funds available will change when the invoice is approved

B. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD 100
C. The budget will increase by USD 100 and the funds available will decrease by USD 100
D. The budget and funds available will increase by USD 100
Correct Answer: B
Section: (none)
Explanation

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1z0-1004.

Oracle Financials Cloud: General Ledger 2018 Implementation Essentials

Correct Answer: BDE

A. Anticipate growth and maintenance needs as organizational changes occur

Correct Answer: ABD

Correct Answer: CDE

A. Invoice type will have less funds available by $400 USD

A. Journal Entry Rule Set

A. Entering budget journals

A. Use Smart View, which is an Excel Add-on

A. Import the periods from a spreadsheet

A. General Ledger - Journal Transaction Balances Real Time

A. Freeze the Intercompany journal source in General Ledger

A. every time the tree version is published

Correct Answer: ADE

A. You must re-deploy the chart of accounts

A. Posting performance is much faster

A. Import Budget Amounts from Spreadsheet (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)

A. The Account Rule’s conditions are not defined

A. Funds available will change when the invoice is approved

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