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Oracle 1Z0-1004 - Questions & Answers

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Question 1
Single choice

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube.

What should you do to correct this situation?

A.

Make sure to flatten the rows of the tree version

B.

Make sure the tree is active

C.

Make sure the tree version was published successfully

D.

Redeploy the chart of accounts

Question 2
Multiple choice

You are setting up Close Monitor, which compromises a ledger set hierarchy definition.

Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)

A.

Accounting Calendar

B.

Legal Entities, Business Units, and Chart of Accounts

C.

Chart of Accounts

D.

Chart of Accounts and Business Units

E.

Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method

Question 3
Single choice

You want to monitor the close process of all your financial subledgers and ledgers.

How can you quickly obtain this information?

A.

Use the Manage Accounting Periods page to view the status of all subledgers and ledgers

B.

Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period

C.

Run Closing Status reports

D.

Use Close Monitor in General Accounting Dashboard

Question 4
Single choice

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended practice when implementing a new chart of accounts?

How many segments and what segment qualifiers should be used?

A.

Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and
natural account segment, respectively.

B.

Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.

C.

Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.

D.

Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

Question 5
Single choice

Which feature outside of reporting and analysis leverages the Essbase cube?

A.

revaluations and translation to revalue and translate currencies stored in the Essbase cube

B.

calculation manager to perform allocations based on multidimensional balances and budgets

C.

period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync

D.

journal entries and journal approval to create journals that update balances to the cube directly

Question 6
Single choice

You want to define an allocation rule where segment values are constants for rules and formulas.

What should you do?

A.

Never use the Outer Point of View (POV)

B.

Always use the Outer Point of View (POV)

C.

Specify Run Time Prompts (RTP)

D.

Only specify segment values in formulas

Question 7
Single choice

After loading your budget data into General Ledger Cloud, you can view budget balances using these features.

Which feature does not belong on the list?

A.

Application Development Framework Desktop Integration Budget Balances Report

B.

Account Monitor

C.

Smart View

D.

Account Inspector

Question 8
Multiple choice

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

Question 9
Multiple choice

You need to define multiple allocation rules as efficiency as possible.

Which three components can be reused across allocation rules? (Choose three.)

A.

Point of View (POV)

B.

Formulas

C.

Run Time Prompts (RTP)

D.

RuleSets

Question 10
Single choice

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)

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