Online 1D0-1054-25-D Practice Test

Question 1

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.)

Options :

A : Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger

B : Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions

C : Define Journal Conversion Rules that exclude subledgers

D : Assign a Subledger Accounting Method to the secondary ledger

E : Define Supporting References with balances

Answer: B,D

Question 2

In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

Options :

A : Users have very little control their Springboards and Work Areas; they can only resize columns

B : They can use Personalization to move and remove regions from those pages

C : They can have the System Administration customize pages for them using Page Composer

D : They can format each table by hiding and showing columns, moving columns, and resizing columns

Answer: B,D

Question 3

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

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

Options :

A : Each product has its own Intercompany Accounting feature that needs to be set up separately

B : Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals

C : Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management

D : They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub

Answer: B,C

Question 4

Which two statements are true about the Intercompany Reconciliation report?

Options :

A :

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.

B :

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

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

D :

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

E : It displays all clearing company balancing lines for a period.

Answer: B,C

Question 5

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use

segment value security rules for the Company segment.

What is Oracle’s recommended method to define this chart of accounts?

Options :

A : Define the company segment only and qualify it as both the primary balancing segment and intercompany segment

B : Define two different charts of accounts

C : Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance

D : Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level

Answer: D

EXPERTY DESIGNED 1D0-1054-25-D PRACTICE TEST