Oracle Financials Cloud 1Z0-1004 Free Dumps

1Z0-1004 Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam dumps is available in June 2019. Oracle 1Z0-1004 exam is for Oracle Financials Cloud: General Ledger 2018 Certified Implementation Specialist Certification, which possess a strong foundation and expertise in selling or implementing Oracle Financials Cloud Service Solutions. The current 1Z0-1004 exam dumps fully covers Oracle 1Z0-1004 exam objectives and tasks. With Oracle 1Z0-1004 exam dumps, you can pass Oracle 1Z0-1004 exam smoothly.

Test Oracle Financials Cloud 1Z0-1004 Free Dumps First

1. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.

What should you do to correct this situation?

 
 
 
 

2. You are setting up Close Monitor, which comprises a ledger set hierarchy definition.

Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)

 
 
 
 
 

3. You want to monitor the close process if all your financial subledgers and lodgers.

How can you quickly obtain this Information?

 
 
 
 

4. Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.

What is Oracle’s recommended best practice when implementing; a new chart of accounts?

How many segments and what segment qualifiers should be used?

 
 
 
 

5. Which feature outside of reporting and analysis leverages the Essbase cube?

 
 
 
 

6. You want to define an allocation rule where segment values arc constants (or rules and formulas.

What should you do?

 
 
 
 

7. After loading your budget data into General Ledger Cloud, you can view budget balances using those features.

Which feature does not belong on the list?

 
 
 
 

8. Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in 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?

 
 
 
 
 

9. You need to define multiple allocation rules as efficiently as possible.

Which three components can be reused across allocation rules?

 
 
 
 

10. The budget managers specify the budget accounts they want to 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?

 
 
 
 
 

11. What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)

 
 
 
 

12. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature.

How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

 
 
 
 

13. Which reporting tool is best suited lot submitting high-volume transactional reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

 
 
 
 
 

14. You are implementing Segment Value Security rules.

Which two statements are true?

 
 
 
 

15. You want to specify Intercompany System Options.

Which three factors should you consider? (Choose three.)

 
 
 
 
 

16. The Accounting Manager requests that a schedule be created to automat.ca.ly post Journals from subledgers at different times.

Which journal attribute should you use to set the automatic posting criteria?

 
 
 
 

17. 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?

 
 
 
 
 

18. Account combinations can be created and/or modified using the Import Account Combinations File-based data import (FBDI).

Which represents the appropriate upload steps?

 
 
 
 

19. You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions.

What do you need to enable?

 
 
 
 

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

 
 
 
 
 

21. In Financials Cloud, which three reporting tools can be used to access General Ledger balances?

 
 
 
 
 

22. Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD 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 5020 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?

 
 
 
 
 

23. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.

What is Oracle’s recommended method for doing this?

 
 
 
 

24. Your customer uses Financials Cloud, Projects, Inventory and Procurement.

Which two statements are true regarding intercompany accounting for these products? (Choose two.)

 
 
 
 

25. Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.

What feature can you use to be proactively notified of account anomalies in a more timely manner?

 
 
 
 

26. 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.)

 
 
 
 
 

27. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account’s activities.

What type of report will provide this type of information?

 
 
 
 

28. 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.)

 
 
 
 

29. The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.

Once the deletion process completes, what additional process must you run?

 
 
 
 

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