1Z1-1004 by Oracle Actual Free Exam Questions And Answers

Question 1

Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)

A. Online Transactional Business Intelligence

B. Account Inspector

C. Sunburst reports

D. Account Monitor

E. Smart View

Discussion 0

Correct Answer: B,D,E Vote an answer

Question 2

The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?

A. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

B. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

C. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

D. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Discussion 0

Correct Answer: D Vote an answer

Question 3

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 assign the corresponding Receivables and Payables Business Units

D. You must have implemented Payables Cloud and Receivables Cloud

Discussion 0

Correct Answer: C,D Vote an answer

Question 4

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. Report Functions

B. Allow Expansion

C. Drill Through in Grid Properties

D. Nothing. All report balances are drillable in all FR Studio reports

Discussion 0

Correct Answer: C Vote an answer

Question 5

All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle's recommended approach to performing consolidations?

A. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program

B. Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.

C. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.

D. Use Oracle Hyperion Financial Management for this type of complex consolidation.

Discussion 0

Correct Answer: A Vote an answer

Question 6

You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)

A. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies

B. Use HCM's Enterprise Structure Configurator (ESC) first

C. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets

D. Use the Rapid Implementation spreadsheet when creating your enterprise structure

E. Deploy your chart of accounts

Discussion 0

Correct Answer: B,D,E Vote an answer

Question 7

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. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables 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. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances

E. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance

Discussion 0

Correct Answer: E Vote an answer

Question 8

Which reporting tool is best suited for submitting high-volume transactional reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

A. Oracle Transactional Business Intelligence (OTBI)

B. Financial Reporting Center

C. Oracle Data Visualization Cloud Service

D. Business Intelligence Publisher (BI Publisher)

E. Smart View

Discussion 0

Correct Answer: D Vote an answer

Oracle Financials Cloud: General Ledger 2018 Implementation Essentials - 1Z1-1004 Exam Practice Test

Contact Us

Useful Links

Latest Updated