Online 1D0-1054-24-D Practice Test

Question 1

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?

Options :

A :

Import Budget Amounts from Spreadsheet

(XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)

B : Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)

C : Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)

D :

Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)

Answer: B

Question 2

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

Options :

A : You must re-deploy the chart of accounts

B : A Data Access Set with full read/write access to the ledger is automatically created

C : You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration

D : You must assign the job role and data security context to each user

Answer: B,D

Question 3

Which reporting tool is best suited for 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?

Options :

A : Oracle Transactional Business Intelligence (OTBI)

B : Business Intelligence Publisher (BI Publisher)

C : Financial Reporting Center

D : Smart View

E : Oracle Data Visualization Cloud Service

Answer: B

Question 4

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.)

Options :

A : Uncheck the Enable Posting from the Manage Subledger Accounting Options task.

B : Journal entry spreadsheets are not impacted by this new function.

C :

Must have separate user defined roles using the privilege

XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.

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

Answer: A,D

Question 5

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? (Choose three.)

Options :

A : The control budget structure has all the chart of account segments as budget segments

B : Control budgets are always absolute to generate encumbrance accounting

C : A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore

D : A control budget can allow override rules only if the control level is absolute

E : A control budget can be associated with a different calendar than accounting calendar

Answer: A,B,D

EXPERTY DESIGNED 1D0-1054-24-D PRACTICE TEST