Prep4sureGuide

http://www.prep4sureguide.com
Prepare your actual test with our sure pass exam guide for successful result
 Instant Download - Best Exam Practice Material - 100% Money Back Guarantee!
IT Certification Guaranteed, The Easy Way!

Exam : 1z1-1004

Title : Oracle Financials Cloud:

General Ledger 2018
Implementation Essentials

Vendor : Oracle

Version : DEMO

1 from Prep4sureguide.com.
Get Latest & Valid 1Z1-1004 Exam's Question and Answers 1
http://www.prep4sureguide.com/1z1-1004-prep4sure-exam-guide.html
 Instant Download - Best Exam Practice Material - 100% Money Back Guarantee!
IT Certification Guaranteed, The Easy Way!

NO.1 Which feature outside of reporting and analysis leverages the Essbase cube?
A. calculation manager to perform allocations based on multidimensional balances and budgets
B. period closing and opening of ledgers to keep General Ledger cloud and the Essbase cubes in sync
C. revaluations and translation to revalue and translate currencies stored in the Essbase cube
D. journal entries and Journal approval to create Journals that update balances to the cube directly
Answer: C

NO.2 How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations
Identification (CCID) table?
A. CVR only test new account combinations being inserted into the table. They ignore any invalid
account combinations already existing in the table.
B. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable
that account code combination.
C. Nothing has changed. If you have an invalid account combination existing in the table, you must
deactivate it to prevent further usage.
D. CVRs are assigned to the end user role; therefore controlling what account code combination
individuals can leverage in the General Ledger and the subledgers.
Answer: A

NO.3 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?
A. A control budget is associated to a ledger and creates three control budgets for Australia. New
Zealand, and Singapore.
B. Control budgets are always absolute to generate encumbrance accounting.
C. The control budget structure has all the chart of account segments as budget segments.
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.
Answer: D,E
Explanation
Override settings only apply to accounts within a control budget that have Absolute control level. For
transactions with accounts that have Absolute control level, if there are insufficient funds based on
funds available by period and account, or if the period is not open, there is an option to request an
override for requisitions, purchase orders, Payables invoices or General Ledger journals.WHY ARE
BUDGETARY CONTROL AND ENCUMBRANCE ACCOUNTING SEPARATED?Some organizations want to
budget and control spending at a different level than general ledger accounting. Oracle ERP Cloud
supports this by allowing the budget calendar and account structure used in Budgetary Control to be
different from the accounting calendar and chart of accounts used in General Ledger

NO.4 Which subject area has been enhanced to allow you to drill down from OTBI General Report to
a General journal?
A. General Ledger - Journal Balances Real Time
B. General Ledger - Journals Real Time

2 from Prep4sureguide.com.
Get Latest & Valid 1Z1-1004 Exam's Question and Answers 2
http://www.prep4sureguide.com/1z1-1004-prep4sure-exam-guide.html
 Instant Download - Best Exam Practice Material - 100% Money Back Guarantee!
IT Certification Guaranteed, The Easy Way!

C. General Ledger - Journal Transaction Balances Real Time

D. General Ledger - Summary Journals Real Time
Answer: B
Explanation
The action link framework in Oracle Business Intelligence Enterprise Edition (OBIEE) allows you to
click on an object and navigate directly to the source application. Using this framework, OTBI for
Financials provides the capability to drill from an OTBI ad hoc report based on OTBI General Ledger -
Journals Real Time subject area to journals details in Oracle Fusion General Ledger Cloud. Links can
be configured in the ad hoc GL OTBI reports to drill down to the Edit Journal screen.

NO.5 You want to be notified of anomalies in certain account balances in real time. What is the most
efficient way to do this?
A. Perform an account analysis online.
B. Use Account Inspector.
C. Create an Account Group using Account Monitor.
D. Open a Smart View file saved on your desktop.
Answer: A

NO.6 You operate in a country whose unstable currency makes it unsuitable for managing your day-
to-day business.
As a consequence, you need to manage your business in a more stable currency while retaining the
ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?
A. Create a secondary ledger that uses a different chart of accounts that is denominated in the more
stable currency.
B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable
currency.
C. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as
often as you need.
D. Run Revaluation as often as you need to the more stable currency and report on the more stable
currency's balances.
Answer: B
Explanation
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484499AN16AFA.htm

3 from Prep4sureguide.com.
Get Latest & Valid 1Z1-1004 Exam's Question and Answers 3
http://www.prep4sureguide.com/1z1-1004-prep4sure-exam-guide.html