1z0-1004 Questions and Answers Dumps

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Oracle 1z0-1004 Oracle Financials Cloud General
Ledger 2018 Implementation Essentials
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QUESTION 1, You want to monitor the close process
if all your financial subledgers and lodgers. How
can you quickly obtain this Information? A. Use
the Manage Accounting Periods page to view the
status el 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
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QUESTION 2, You need to create a month-end
reporting package for an upcoming Audit Committee
meeting, you have 10 financial reports that you
want to share with executives and auditors that
are nicely formatted. Identify the two Oracle
recommended ways to accomplish this? (Choose
two.) A. Using Workspace, assemble multiple
reports into a book that can be printed and
viewed individually as an entire book. B. Use a
report batch to run reports at a specific time to
create a set of snapshot reports. C. Use OTBI to
create multiple reports that you save to a folder
that only the users can access. D. Use BI
Publisher to configure the reports and then use
bursting to email the reports to the executives
and Audit Committee. E. Create a Smartview
report, where the various sheets represent the
different Financial Statement and send them the
spreadsheet. Answer A B
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QUESTION 3, Your customer uses Financials Cloud,
Projects, Inventory and Procurement. Which two
statements are true regarding intercompany
accounting for these products? (Choose
two.) A. Each product has its own Intercompany
Accounting feature that needs to be set up
separately. B. Intercompany Balancing Rules are
defined centrally and applied across Financials
and Project Portfolio Management. C. Within
Financials Cloud, Intercompany Balancing Rules
are used to balance both cross-ledger
intercompany transactions and single-ledger
intercompany journals. D. They need to license a
separate stand-alone Intercompany product that
acts as the Intercompany Accounting Hub. Answer
A D
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QUESTION 4, In Financials Cloud, which three
reporting tools can be used to access General
Ledger balances? A. Application
Composer B. Oracle Enterprise Repository C. Oracle
Transactional Business Intelligence D. Financial
Reporting Studio E. Smart View Answer C D E
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QUESTION 5, You already ran Translation, but a
last-minute adjusting journal entry in your
ledger currency was entered after you
consolidated your results. What is Oracles
recommended practice when this occurs? A. Transla
te only the adjusting journal entry. B. Rerun
Revaluation and then rerun Translation C. Rerun
Translation and then reconsolidate your
results D. Enter another adjusting journal entry
in the target currency to true up the
balances. Answer C
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QUESTION 6, You need to define multiple
allocation rules as efficiently as possible.
Which three components can be reused across
allocation rules? A. Point of View
(POV) B. Formulas C. Run Time Prompts
(RTP) D. RuleSets Answer A C D
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QUESTION 7, 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 the Rapid Implementation
spreadsheet when creating your enterprise
structure. C. Use HCMs Enterprise Structure
Configurator (ESC) first. D. Deploy your chart of
accounts. E. Create your chart of accounts in the
following order value sets, COA structure, and
instance before assigning values to the value
sets. Answer B C D
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QUESTION 8, Identify three differences between
Oracle Transactional Business Intelligence (OTBI)
and Oracle Business Intelligence Applications
(OBIA). A. Cloud customers can use both OTBI and
OBIA. B. OTBI allows you to create custom reports
from real-time transactional data against the
database directly C. OBIA works for multiple
sources including E-Business Suite, PeopleSoft,
JD Edwards, SAP, and Fusion Applications. D. OBIA
is based on the universal data warehouse design
with different prebuilt adapters that can connect
to various source application E. Both OBIA and
OTBI provide a set of predefined reports and
dashboards and a library of metrics that help to
measure business performance Answer B C D
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QUESTION 9, You want to enter budget date In
General Ledger Cloud. Which method is not
supported? A. entering budget Journals B. Applica
tion Development Framework Desktop Integration
(ADFdi) C. Direct budget balance updates from a
Financial Stement in smart View D. file-based
Data Import Answer A
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QUESTION 10, You need to define a chart of
accounts that includes an intercompany segment.
Your customer plans to use segment value security
rules for the Company segment. What is Oracles
recommended method to define this chart or
accounts? A. Share the same value set for the
company and intercompany segments to reduce chart
of accounts maintenance. B. Use two different
value sets for the company and intercompany
segment because segment value security rules are
at the value set level. C. Define the company
segment only and qualify it as both the primary
balancing segment and intercompany
segment. D. Define two different charts of
accounts. Answer C
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