2022 Updated Verified 1Z0-1054-21 dumps Q&As – Pass Guarantee or Full Refund [Q52-Q67]

NO.52 you are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as intercompany sales. Which two statements are correct? (Choose Two)

NO.53 Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period- to-date (PTD) method of revaluation tor your income statement accounts. When should you reverse revaluation journals, if at all required

NO.54 Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accounting date was
4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated
5/5/16.What is causing this?

NO.55 Before Implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts, What’s is a more automated approach to do this?

NO.56 Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

NO.57 Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this?

NO.58 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 does Oracle’s recommended method to define this chart or accounts?

NO.59 Which feature outside of reporting and analysis leverages the Essbase cube?

NO.60 Before implementing Financials Cloud, your customerused to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

NO.61 You need toset up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?

NO.62 Which two types of journals can be automatically routed through the journal approval process

NO.63 What are the two purposes of a secondary ledger? (Choose two.)

NO.64 The budget managers specify the budget accounts they wantto monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

NO.65 You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?

NO.66 Which tool can you use to create a Financial Income Statement?

NO.67 You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)