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1Z0-1054-20 Dumps - Way To Success In Real Oracle 1Z0-1054-20 Exam

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QuizDumps provides the best Oracle 1Z0-1054-20 dumps with 100% real 1Z0-1054-20 exam questions for the preparation of the 1Z0-1054-20 exam. These 1Z0-1054-20 exam dumps are helpful to pass the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam in the very first attempt. Dow...

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Oracle
1Z0-1054-20 Exam
Oracle Financials Cloud: General Ledger 2020
Implementation Essentials Exam

QUESTIONS & ANSWERS
(Demo Version)

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, Oracle
1Z0-1054-20 Exam
Oracle Financials Cloud: General Ledger 2020 Implementation
Essentials

Questions & Answers
Demo

,Questions & Answers PDF Page 2

Version: 4.0

Question: 1

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

Answer: C

Question: 2

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

Answer: A,C

Question: 3

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

Answer: C

, Questions & Answers PDF Page 3

Question: 4

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.

Answer: D

Question: 5

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

Answer: A

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