Question 1

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI). What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

Options :

A : Historical rates are converted into an average rate (original and new rate).

B : The existing historical rate is deleted.

C : Nothing, existing historical rates are not updated.

D : The historical rate is replaced.

Answer: D

Question 2

Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center. What should you do to correct the problem?

Options :

A : Open the Oracle Identity Management (OIM) and make sure the data roles were created.

B : Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.

C : Open Access Policy Manager (APM) and assign the roles manually.

D : Open the Manage Users page and make sure the employees at

Answer: C

Question 3

You need to create a boardroom ready 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.

What are the two Oracle recommended ways to accomplish this? (Choose two.)

Options :

A : Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee

B : Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

C : Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet

D : Use a report batch to run reports at a specific time to create a set of snapshot reports

E : Use OTBI to create multiple reports that you save to a folder that only the users can access

Answer: B,D

Question 4

During implementation, a consultant accidentally designated the cost center segment as the natural account.

Values have already been assigned and journals have been posted.

Select the process that allows you to change the qualifier back to cost center qualifier.

Options :

A : Create a new chart of accounts.

B : Delete the segment and create a new segment with the correct qualifier.

C : Change and save the segment qualifier.

D : Delete the chart of accounts and create a new one.

Answer: D

Question 5

Which three objectives must be considered when designing the chart of accounts? (Choose three.)

Options :

A : Anticipate growth and maintenance needs as organizational changes occur

B : Effectively manage an organization’s financial business

C : Try to use all 30 segments and 25 characters per segment because you cannot change it later

D : Consider implementing a single, global chart of accounts

E : Limit the number of segments to those you need today to reduce data entry

Answer: A,B,D

Higher Test Marks with Free Online 1Z0-1054-25 Exam Practice

Buying Options: