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Information about Oracle 1Z0-1054-20 Exam

Vendor: Oracle

Exam Code: 1Z0-1054-20

Exam Name: Oracle Financials Cloud: General Ledger 2020Implementation Essentials

Number of Questions: 102

Certification Name: Oracle Cloud

Exam Language: English

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Question No. 1

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A. You can only drill down to the general ledger journal and then from there to the subledgerjournal entry.B. This report can be run using an additional currency and conversion rate that converts allamounts into a common currency for comparison.C. This report displays only the reconciled transactions. You need to further process automaticreconciliation to reconcile the unreconciled transactions.D. This report includes Ledger balancing lines generated when the primary balancing segmentvalue (BSV) is in balance, but either the second or third BSVs are not.E. This report displays the intercompany receivables and intercompany payables balances insummary for a period.

Answer: B, E

Question No. 2

You are creating values for the chart of account value set that you are planning to use for theaccount segment

within your Chart of Accounts.

You are not able to assign an Account Type. What is the reason for this?

A. You have not set the Allow Budgeting attribute for the value setB. The Account Type qualifier has not been enabled when defining the value setC. You are creating values before assigning the value set to the structureD. You have not set the Allow Posting attribute for the value set

Answer: D

Question No. 3

In which two ways can your users personalize the Springboards and Work Areas to suit theirindividual

working styles? (Choose two.)

A. They can format certain tables by hiding and showing columns, moving columns, andresizing columnsB. Users have very little control configuring their Springboards and Work Areas; they can onlyresize columnsC. They can have the System Administrator configuring pages for them using Page ComposerD. They can use ''+'' under the Apps section of the News Feed homepage

Answer: A, C

Question No. 4

You want to achieve multi-step cascading allocations, which feature do you use?

A. RuleSets

B. FormulasC. Point of View (POV)D. General Ledger journal entries

Answer: A

Question No. 5

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 RuleB. Journal Entry Rule SetC. Journal Line RuleD. Journal Accounting RuleE. Account Rule

Answer: B

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