Oracle Financials Cloud: General Ledger 2021 Implementation Essentials 認定 1Z0-1054-21 試験問題:

1. All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle's recommended approach to performing consolidations?

A) Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.
B) Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.
C) Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program
D) Use Oracle Hyperion Financial Management for this type of complex consolidation.

2. All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?

A) Use Oracle Hyperion Financial Management for this type of complex consolidation
B) Use General Ledger's Financial Reporting functionality to produce reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
C) Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
D) Define multiple ledgers for consolidation and report on ledger set

3. You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

A) Create an Account Group using Account Monitor
B) Perform an account analysis online
C) Use Account Inspector
D) Open a Smart View file saved on your desktop

4. You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts. What is the solution?

A) Use Supporting References to capture customer classification information
B) Use the Third Party Control Account feature
C) Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI)
D) Use the Open Account Balances Listing report that has balances by customer

5. Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses is 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) Control Budget are always absolute to generate encumbrance accounting.
B) A Control Budget Can be associated with a different calendar than accounting calendar.
C) A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand and Singapore.
D) The control Budget structure has all the chart of accounts segments as budget segments.
E) A Control Budget can allow override rules only if the control level is absolute.

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