최신 1z0-1054-24 무료덤프 - Oracle Financials Cloud: General Ledger 2024 Implementation Professional

문제1

A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

A. Secondary ledger with the IFRS accounting convention

B. Primary ledger with the local accounting convention

C. Reporting currency with the local accounting convention

D. Reporting currency with the IFRS accounting convention

E. Primary ledger with the IFRS accounting convention

정답: A,B

설명: (DumpTOP 회원만 볼 수 있음)

문제2

Your company hascomplex consolidation requirementswithmultiple general ledger instances. You are usingOracle Hyperion Financial Managementto consolidate the disparateGeneral Ledgers.
You can typically map segments between yourgeneral ledger segmentto aHyperion Financial Management segment, such as:
* Company to Entity
* Department to Department
* Account to Account
What happens to segments in yoursource general ledger, such asProgram, thatcannot be mappedto Hyperion Financial Management?

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

B. The unmapped segments default tofuture use segmentsin Hyperion Financial Management.

C. The data is not transferred.

D. Data is summarized across segments that are not mapped to Hyperion Financial Management.

정답: D

문제3

Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains
/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

A. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required.The system will automatically update the translated balances.

B. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

C. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

D. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.

정답: B

문제4

You are reconciling yourPayablesandReceivablesbalances against theGeneral Ledger. You are using the Payables to Ledger Reconciliation report.
You notice discrepancies between the balances in thesubledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

A. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

B. Intercompany transactions have not been fully processed.

C. Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet.

D. All subledger transactions have been entered but do not have complete accounting.

E. Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

정답: B,C,E

문제5

You are reconciling yourPayables and Receivables balancesagainst theGeneral Ledger. You are using the Payables to Ledger Reconciliation report.
You notice discrepancies between the balances in thesubledgers, subledger accounting, and general ledger.
Which three factors are responsible for theseout-of-balancesituations?

A. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

B. Intercompany transactions have not been fully processed.

C. Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet.

D. All subledger transactions have been entered but do not have complete accounting.

E. Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

정답: B,C,E

문제6

Which two statements are true regarding the Translation process? (Choose two.)

A. The Translation process can only be used to translate balance sheet accounts.

B. The Translation process can only be used for translating the balances of Secondary ledgers.

C. If necessary, before submitting the Translation process, the Revaluation process should be completed.

D. The Translation process should be run before posting Period Close adjustment entries.

E. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.

정답: C,E

설명: (DumpTOP 회원만 볼 수 있음)

문제7

Which three factors should you consider while specifying Intercompany System options?

A. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies

B. Automatic or manual batch numbering and the minimum transaction amount

C. Whether to allow receivers to reject intercompany transactions

D. Automatic or manual batch numbering and the maximum transaction amount

E. Approvers who will approve intercompany transactions

정답: A,B,C

설명: (DumpTOP 회원만 볼 수 있음)

문제8

You have set up asupporting reference with balancesto capturerevenue by account manager.
Which option should you use to view thesupporting reference balances?

A. An OTBI analysis

B. An Account Group

C. General Ledger inquiries and reports

D. A SmartView analysis

정답: A

문제9

There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A. Journal Level

B. Subledger level

C. Spreadsheet level

D. Balances Level

E. Adjustment only level

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

최신 1z0-1054-24 무료덤프 - Oracle Financials Cloud: General Ledger 2024 Implementation Professional

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