Oracle 1Z0-1004 Exam Dumps - Updated Sep 2019

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.)

AUncheck the Enable Posting from the Manage Subledger Accounting Options task.

BJournal entry spreadsheets are not impacted by this new function.

CMust have separate user defined roles using the privilege
XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.

DFor previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.

Question 2

During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have already been assigned and journals have been posted.

Select the process that allows you to change the qualifier back to cost center qualifier.

ACreate a new chart of accounts.

BDelete the segment and create a new segment with the correct qualifier.

CChange and save the segment qualifier.

DDelete the chart of accounts and create a new one.

Question 3

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?

ATranslate 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

BTranslate 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.

CCreate 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.

DUse Oracle Hyperion Financial Management for this type of complex consolidation.

Question 4

You want to automatically post journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)

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

BCreate your AutoPost criteria using minimal sources and categories

CInclude 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

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

Question 5

Your customer wants to use a clearing company to automatically balance intercompany entries.

Which three statements are true regarding the use of a clearing company value? (Choose three.)

AYou must map legal entities to balancing segment values in order to use a clearing company

BIf you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger

CClearing companies are not supported

DIf you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity

EIf you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal

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