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1Z0-1054-20 Exam Questions & Answers

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1Z0-1054-20 Exam Questions & Answers

Vendor: Oracle

Certifications: Enterprise Resource Planning (ERP)

Exam Code: 1Z0-1054-20

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

Updated: Aug 03, 2022

Q&As: 55

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Free 1Z0-1054-20 Exam Questions in PDF Format

1Z0-1054-20 Online Practice Questions and Answers

Questions 1

Most of the accounting entries for transactions from 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. Event Type

B. Journal Line Rule

C. Journal Entry

D. Event Class

E. Journal Entry Rule Set

Show Answer
Questions 2

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.

What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

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

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

C. No data is transferred

D. The unmapped segments default to future use segments in Hyperion Financial Management

Show Answer
Questions 3

You entered a journal and the client is asking for the following information: The current account balance The future account balance if the journal is approved and posted

How will you get this information?

A. Run a Trial Balance before and after posting

B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances

C. View the Projected Balances region in the Create Journals page

D. Query the account balance online

Show Answer More Questions

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