1z0-1054-24 Oracle Financials Cloud: General Ledger 2024Implementation Professional Questions and Answers

Application Implementation Manager

Functional Setup Manager Superuser

IT Security Manager

Any functional user

Application Implementation Consultant

Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.

Edit existing transactions and update the rates manually.

Use the spreadsheet loader from the Currency Rates Manager.

Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger’s Period Close work area.

Import daily rates through the Daily Rates open interface table.

Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method

Legal Entities, Business Units, and Chart of Accounts

Chart of Accounts

Chart of Accounts and Business Units

Accounting Calendar

It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

It displays the intercompany receivables and intercompany payables balances in summary for a period.

You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.

It displays all clearing company balancing lines for a period.

You can have only one version of a hierarchy published to the Essbase cube at any time.

Hierarchies for reporting and allocations do not have to be published to Essbase cubes.

Hierarchies for reporting and allocations have to be published to Essbase cubes.

Child values in these hierarchies can belong to only one parent.

Use the Manage Users page to update the user's information and change the password.

Create a new user ID and password for the user.

Log in to the user's machine as an Administrator and change the password from the login password.

Use Oracle Identity Management (OIM) to reset the user's password.

Use Access Policy Manager (APM) to reset the user's password.

Schedule your AutoPost Criteria set to run during off-peak hours only.

Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.

Create your AutoPost criteria using minimal sources and categories.

Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.

Mapping Sets

Accounting Attributes

Transaction Objects

Event Entities

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.

The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.

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.

If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.

Source

Allocation Range

Target

Offset

Basis

The unmapped segments default tofuture use segmentsin Hyperion Financial Management.

Data is summarized across segments that are not mapped to Hyperion Financial Management.

The data is not transferred.

Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.

A set of reports lists user names, suppliers, and customers that have been exported/imported.

The export/import reports are available only for Fusion Customer Relationship Management.

A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.

Reports on setup data can be used to compare and analyze how the data might have changed over time.

Intercompany transactions have not been fully processed.

Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet.

There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

All subledger transactions have been entered but do not have complete accounting.