1z0-1054-22 Exam Questions Get Updated [2023] with Correct Answers [Q54-Q79]

1z0-1054-22 Exam Questions Get Updated [2023] with Correct Answers

Practice 1z0-1054-22 Questions With Certification guide Q&A from Training Expert DumpsMaterials

Oracle 1z0-1054-22 certification exam is designed for professionals who wish to demonstrate their knowledge and skills in implementing Oracle Financials Cloud: General Ledger 2022. Oracle Financials Cloud: General Ledger 2022 Implementation Professional certification exam is ideal for individuals who are seeking to enhance their career prospects in the finance and accounting fields. 1z0-1054-22 exam is intended for candidates who have a strong understanding of financial accounting principles and practices, as well as experience in implementing financial systems.

Earning the Oracle 1z0-1054-22 certification demonstrates to potential employers and clients that the candidate has the knowledge and skills needed to effectively implement Oracle's financial management solutions. It is a valuable credential for professionals seeking to advance their careers in financial management and accounting.

Oracle 1z0-1054-22 exam consists of 60 multiple choice questions, and candidates are given two hours to complete the exam. 1z0-1054-22 exam is computer-based and can be taken at any authorized testing center or online. To pass the exam, candidates must achieve a minimum score of 60%. 1z0-1054-22 exam covers a range of topics, including General Ledger setup, accounting, financial reporting, and security.

 

NEW QUESTION # 54
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

• A. File Based Data Import
• B. Enterprise Resource Budget Integrator
• C. The budget journal spreadsheet
• D. Application Developer Framework Desktop Integrator

Answer: D

NEW QUESTION # 55
Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the budget transfer?

• A. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
• B. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)
• C. Import Budget Amounts from Spreadsheet (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)
• D. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)

Answer: A

Explanation:
The privilege required to perform the budget transfer function available on the Review Budgetary Control Balances page is Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV). This privilege allows users to create, modify, or delete control budgets and perform budget transfers. Import Budget Amounts from Spreadsheet (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV) is a privilege that allows users to import budget amounts from a spreadsheet using ADFdi. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV) is a privilege that allows users to import budget amounts from a flat file using file-based data import. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV) is a duty role that includes privileges related to importing budget amounts from various sources. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Process Budget Journals 12

NEW QUESTION # 56
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

• A. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals
• B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects
• C. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product
• D. Each product has its own Intercompany Accounting feature that needs to be configured separately

Answer: A,D

NEW QUESTION # 57
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 the Rapid Implementation spreadsheet when creating your enterprise structure
• B. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
• C. Deploy your chart of accounts
• D. Use HCM's Enterprise Structure Configurator (ESC) first
• 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

Explanation:
According to Oracle documentation1, you should do the following things when you are implementing a multipillar implementation of both HCM Cloud and ERP Cloud: Deploy your chart of accounts, use HCM's Enterprise Structure Configurator (ESC) first, and use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies. Therefore, options A, B, and D are correct. Option C is incorrect because you should create your chart of accounts in the following order: value sets, COA structure instance, and then assign values to the value sets. Option E is incorrect because you should use the Rapid Implementation spreadsheet when creating your chart of accounts, not your enterprise structure.

NEW QUESTION # 58
You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

• A. No change
• B. The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation
• C. Funds reservation only happens for non-matched invoices, so the system will not reserve funds
• D. Purchase order encumbrance will be released for $2,100 USD
• E. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016

Answer: C,D

Explanation:
When a purchase order is matched to an invoice, the purchase order encumbrance is released for the matched amount. In this case, the purchase order encumbrance of $2,500 USD will be reduced by $2,100 USD, leaving a balance of $400 USD. The system will not reserve funds for the invoice because it is matched to a purchase order that has already reserved funds. Funds reservation only happens for non-matched invoices or invoices that are matched to a purchase order with no encumbrance. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Process Budget Journals 12

NEW QUESTION # 59
How can your Accounting Manager expedite journal processing during the time-critical month-end close?

• A. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other
• B. by using the Close Status monitor to drill down on the close status across ledgers
• C. by running the Journals report using Business Intelligence Publisher
• D. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)

Answer: A

NEW QUESTION # 60
Which feature outside of reporting and analysis leverages the Essbase cube?

• A. calculation manager to perform allocations based on multidimensional balances and budgets
• B. revaluations and translation to revalue and translate currencies stored in the Essbase cube
• C. journal entries and journal approval to create journals that update balances to the cube directly
• D. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync

Answer: A

Explanation:
According to the Oracle documentation3, "Oracle Essbase is embedded within Oracle General Ledger and provides multidimensional balances cubes. Every time a transaction or journal is posted in General Ledger, the balances cubes are updated at the same time." Essbase balances cubes are used for interactive reporting and analysis, but also for performing allocations using calculation manager. Calculation manager enables you to create allocation rules that use balances and budgets from Essbase as sources and targets. The other options are not features that leverage Essbase cubes.

NEW QUESTION # 61
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

• A. You can use hierarchies to define rules
• B. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts
• C. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
• D. The Segment Value Security rules do not take effect until you assign the rules to users and products

Answer: A,C

NEW QUESTION # 62
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013. Which statement is true?

• A. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
• B. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
• C. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
• D. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
• E. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

Answer: B

Explanation:
If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward. This is based on the Oracle documentation that states:
You can carry forward year-end encumbrances into the following year. You can also carry forward an equivalent budget amount or funds available. When you carry forward year-end encumbrances, the Carry Forward rule you specify determines how General Ledger calculates the amount to be carried forward. You can choose one of the following Carry Forward rules:
Encumbrances Only: General Ledger calculates the year-to-date encumbrance balance as of the end of the year and carries that balance forward into the beginning balance of the first period of the next fiscal year.
Encumbrances and Encumbered Budget: General Ledger calculates the year-to-date encumbrance balance as of the end of the year and carries forward that balance, plus an equivalent budget amount, into the beginning balance of the first period of the next fiscal year.
Funds Available: General Ledger calculates the funds available as the year-to-date budget balance less year-to-date actual and encumbrance balances. General Ledger then carries forward that amount into the beginning balance of the first period of the next fiscal year1.
In this case, if you have used the Encumbrances Only rule, then only the obligation of $10,000 USD for each account will be carried forward. The budget balances, expenditure balances, and funds available will not be carried forward. The other options are incorrect because they do not match any of the Carry Forward rules described in the documentation.

NEW QUESTION # 63
Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?

• A. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment
• B. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define
• C. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading
• D. There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner

Answer: C

Explanation:
According to Oracle documentation2, Oracle's recommended approach to easily create eliminating entries for intercompany activity when you have a large number of legal entities is to define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading. Therefore, option A is correct. Option B is incorrect because you do need to define an intercompany segment to easily create eliminating entries for intercompany activity. Option C is incorrect because you don't need to qualify the intercompany segment as the second balancing segment. You only need to qualify it as an intercompany segment. Option D is incorrect because you don't want to track the intercompany trading partner using distinct intercompany receivable/payable natural accounts. You want to use a separate intercompany segment for that purpose.

NEW QUESTION # 64
Which two statements are TRUE regarding the Balances Cubes in General Ledger? (Choose two.)

• A. A new Balances Cube is created for a unique combination of Ledger and Currency
• B. They are updated automatically when the General Ledger period is opened
• C. They are updated automatically when the Translation process is run
• D. They are updated automatically when the Revaluation process is run
• E. New dimensions can be added to a General Ledger Balances Cube

Answer: C,D

Explanation:
According to Oracle documentation1, the following statements are true regarding the Balances Cubes in General Ledger: They are updated automatically when the Revaluation process is run, and they are updated automatically when the Translation process is run. A balances cube stores financial balances in a multidimensional database for interactive reporting and analysis. A balances cube is automatically updated when certain processes are run in General Ledger, such as posting, revaluation, translation, and consolidation. Therefore, options C and E are correct. Option A is incorrect because they are not updated automatically when the General Ledger period is opened. Option B is incorrect because new dimensions cannot be added to a General Ledger Balances Cube. Option D is incorrect because a new Balances Cube is created for a unique combination of chart of accounts and calendar, not ledger and currency.

NEW QUESTION # 65
You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform? (Choose two.)

• A. Define Journal Conversion Rules that exclude subledgers
• B. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
• C. Define Supporting Reference with balances
• D. Assign a Subledger Accounting Method to the secondary ledger
• E. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions

Answer: D,E

Explanation:
you need to define journal conversion rules that include subledgers in order to transfer subledger transactions when you set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Journal conversion rules define how journal entries are converted from one ledger to another ledger. Therefore, option B is correct. You also need to assign a Subledger Accounting Method to the secondary ledger when you set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. A Subledger Accounting Method defines how accounting entries are generated for subledger transactions. Therefore, option D is correct. Option A is incorrect because you don't need to ensure that the Accounting Calendar and Currency are the same as the Primary Ledger when you set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. You can have different Accounting Calendar and Currency for your secondary ledger. Option C is incorrect because you don't need to define journal conversion rules that exclude subledgers when you set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. You need to include subledgers in your journal conversion rules. Option E is incorrect because you don't need to define Supporting Reference with balances when you set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Supporting Reference are used to store additional information for journal lines.

NEW QUESTION # 66
You entered the following information in the Companies and Legal Entities tab of the Rapid Implementation Spreadsheet:

Assuming currency is left blank in the Ledger worksheet, how many Ledgers will the process create?

• A. 0
• B. 1
• C. 2
• D. 3

Answer: B

NEW QUESTION # 67
You want to enter budget data in General Ledger Cloud. Which method is not supported?

• A. Entering budget journals
• B. Application Development Framework Desktop Integration (ADFdi)
• C. Direct budget balance updates from a Financial Statement in Smart View
• D. File-based Data Import

Answer: C

Explanation:
General Ledger Cloud supports four methods for entering budget data: entering budget journals, using ADFdi, using file-based data import, and using source budget integration. Direct budget balance updates from a Financial Statement in Smart View is not a supported method for entering budget data. Smart View is a tool that allows you to view and analyze financial data in Excel, but it does not allow you to directly update budget balances. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Process Budget Journals 12

NEW QUESTION # 68
Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

• A. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.
• B. Must have separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
• C. Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
• D. Journal entry spreadsheets are not impacted by this new function.

Answer: B,C

Explanation:
According to Oracle documentation1, the following new features allow the segregation of duties of transferring journals to the General Ledger from the posting function: Uncheck the Enable Posting from the Manage Subledger Accounting Options task, and create separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER_JOURNALS. Therefore, options A and C are correct. Option B is incorrect because journal entry spreadsheets are impacted by this new function. Users who create journals using spreadsheets must have the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER_JOURNALS. Option D is incorrect because for previously scheduled automated processes, it is not recommended to cancel and reschedule the process for the option to be effective. The option will be effective for any new processes submitted after unchecking the Enable Posting option.

NEW QUESTION # 69
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 General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
• B. 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.
• C. Use Oracle Hyperion Financial Management for this type of complex consolidation
• D. Define multiple ledgers for consolidation and report on ledger set

Answer: A

NEW QUESTION # 70
Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

• A. No data is transferred
• B. The unmapped segments default to future use segments in Hyperion Financial Management
• C. Data is summarized across segments that are not mapped to Hyperion Financial Management
• D. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management

Answer: D

NEW QUESTION # 71
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013. Which statement is true?

• A. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
• B. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
• C. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
• D. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
• E. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward

Answer: C

NEW QUESTION # 72
Users with the General Accountant job role have reported that they are unable to access the UK Ledger.
They require read/write access to the full ledger. The Accounting configuration completed successfully.
What should you do to allow access to the ledger?

• A. Create a Data Access Set that allows access to the UK Ledger.
• B. Assign the General Accounting Manager role to those users.
• C. Assign the UK reference set to the user/role combination.
• D. Assign the security context value of UK Ledger to the user/role combination.

Answer: A

Explanation:
According to Oracle documentation2, you should create a Data Access Set that allows access to the UK Ledger to allow users with the General Accountant job role to access the UK Ledger. A Data Access Set is a security feature that defines the ledgers and balancing segment values that a user can access. You can assign Data Access Sets to users or roles using the Manage Data Access for Users page. Therefore, option B is correct. Option A is incorrect because assigning the security context value of UK Ledger to the user/role combination does not enable access to the ledger. Option C is incorrect because assigning the General Accounting Manager role to those users does not enable access to the ledger. Option D is incorrect because assigning the UK reference set to the user/role combination does not enable access to the ledger.

NEW QUESTION # 73
Your company has a legal entity in the UK, US, and Canad A.
They can all share the same chart of accounts but are required to transact and report in their local currency.
What is the minimum number of ledgers you need and why?

• A. One, because they can all share the same chart of accounts
• B. Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
• C. Three, because each requires a different currency
• D. Two, because the US and Canada can share the same ledger because they are in North America

Answer: A

NEW QUESTION # 74
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

• A. File Based Data Import
• B. Enterprise Resource Budget Integrator
• C. The budget journal spreadsheet
• D. Application Developer Framework Desktop Integrator

Answer: D

Explanation:
Reference:
According to Oracle documentation3, you should use Application Developer Framework Desktop Integrator (ADFdi) to load data from your budgeting application into a .csv file into General Ledger. ADFdi enables you to use Excel spreadsheets to load data into General Ledger using web services. You can use ADFdi to create budget journals or budget balances from your .csv file. Therefore, option D is correct. Option A is incorrect because the budget journal spreadsheet is not a tool to load data into General Ledger. Option B is incorrect because Enterprise Resource Budget Integrator is not a tool to load data into General Ledger. Option C is incorrect because File Based Data Import is not a tool to load data into General Ledger.

NEW QUESTION # 75
The Create Accounting program could not determine the debit side of the journal entry.
Which component of Subledger Accounting determines the debit or credit side of a journal entry?

• A. Account Rule
• B. Journal Accounting Rule
• C. Journal Line Rule
• D. Journal Balances Rule
• E. Journal Entry Rule Set

Answer: C

Explanation:
The component of Subledger Accounting that determines the debit or credit side of a journal entry is the Journal Line Rule. A Journal Line Rule defines the conditions for creating a journal line for a subledger transaction and specifies whether the journal line is a debit or credit line. A Journal Line Rule also references other components such as Account Rules, Journal Entry Rule Sets, and Journal Accounting Rules to derive other attributes of a journal entry. A Journal Balances Rule is not a component of Subledger Accounting, but a feature of General Ledger that enables you to define how balances are calculated for reporting purposes. A Journal Entry Rule Set is not a component of Subledger Accounting that determines the debit or credit side of a journal entry, but a group of Journal Line Rules that define how journal entries are created for subledger transactions. A Journal Accounting Rule is not a component of Subledger Accounting that determines the debit or credit side of a journal entry, but a rule that defines how accounting amounts are derived for journal lines based on different date ranges or periods. An Account Rule is not a component of Subledger Accounting that determines the debit or credit side of a journal entry, but a rule that defines how accounting flexfield values are derived for journal lines based on various sources. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Configure Subledger Accounting 12

NEW QUESTION # 76
When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).

• A. Financial Reporting Studio
• B. Smart View
• C. Financial Reporting Center
• D. Oracle Financial Statement Generator

Answer: A,B

Explanation:
According to Oracle documentation3, when creating financial reports, the two tools that use data from the General Ledger Balances Cube are Financial Reporting Studio and Smart View. Financial Reporting Studio is a graphical user interface that enables you to design and generate reports using data from various sources, including General Ledger Balances Cube. Smart View is an Excel add-in that enables you to access and analyze data from various sources, including General Ledger Balances Cube. Therefore, options A and B are correct. Option C is incorrect because Oracle Financial Statement Generator does not use data from the General Ledger Balances Cube. Option D is incorrect because Financial Reporting Center does not use data from the General Ledger Balances Cube.

NEW QUESTION # 77
Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)

• A. You can only associate one Intercompany Organization per Legal Entity
• B. You must assign the corresponding Receivables and Payables Business Units
• C. You must have implemented Payables Cloud and Receivables Cloud
• D. You only need to assign the Legal Entity and Organization Contact

Answer: B,C

Explanation:
To generate physical invoices for intercompany payables and receivables transactions, you must have implemented Payables Cloud and Receivables Cloud. You must also assign the corresponding Receivables and Payables Business Units to the intercompany organizations that participate in the intercompany transactions. You do not need to assign the legal entity and organization contact, as these are optional fields. You can associate multiple intercompany organizations per legal entity, as long as they belong to different business units. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Configure and Process Intercompany 12

NEW QUESTION # 78
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)

• A. Sunburst reports
• B. Smart View
• C. Account Inspector
• D. Account Monitor
• E. Online Transactional Business Intelligence

Answer: B,C,D

Explanation:
The three features that facilitate interactive analysis of General Ledger balances with the ability to drill down to originating transactions are Account Inspector, Account Monitor, and Smart View. Account Inspector is a tool that allows you to select an account or an account group and view its balance and components, such as subledger details, journal lines, and supporting references. You can also drill down to the underlying transactions and subledger applications. Account Monitor is a tool that allows you to monitor key account balances in real time and compare them to predefined thresholds. You can also drill down to the underlying transactions and subledger details. Smart View is an Excel add-on that allows you to view and analyze financial data from General Ledger Cloud using Essbase cubes. You can also drill down from summary balances to journal details and subledger transactions. Sunburst reports are not a feature that facilitates interactive analysis of General Ledger balances with the ability to drill down to originating transactions, as they are graphical reports that show data distribution across different dimensions and hierarchies, but do not provide drill down capabilities. Online Transactional Business Intelligence (OTBI) is not a feature that facilitates interactive analysis of General Ledger balances with the ability to drill down to originating transactions, as it is a reporting tool that allows you to create custom reports using real-time transactional data from various sources, but does not provide drill down capabilities. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Use Oracle Transactional Business Intelligence (OTBI) 12

NEW QUESTION # 79
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