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Exam : 1z0-1004

Title : Oracle Financials Cloud:

General Ledger 2018
Implementation Essentials

Vendor : Oracle

Version : DEMO

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NO.1 Before implementing Financials Cloud, your customer used to manually reconcile their
intercompany payables and receivables accounts. What is a more automated approach to do this?
A. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances
B. In Financials Cloud, you must manually reconcile your intercompany account balances
C. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to
automatically reconcile intercompany balances
D. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and
payables accounts that are out of balance
E. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the
intercompany payables and receivables balances
Answer: D

NO.2 Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use
intercompany entries. What is Oracle's recommended practice when implementing a new chart of
accounts? How many segments and what segment qualifiers should be used?
A. Define three segments for the company, department, and natural account. The qualifiers for the
first segment should be primary balancing segment and intercompany segment, cost center segment,
and natural account segment, respectively.
B. Define four segments for the company, department, natural account, and intercompany segment.
The qualifiers should be primary balancing segment, cost center segment, and natural account
segment, and intercompany segment, respectively.
C. Define three segments for the company, department, and natural account. The qualifiers should
be primary balancing segment, cost center segment, and natural account segment, respectively.
D. Define five segments for the company, department, natural account, intercompany, and future
use segment. The qualifiers should be primary balancing segment, cost center segment, natural
account segment, intercompany segment, and no qualifier, respectively.
Answer: D

NO.3 Which two methods can your General Ledger accountants use to more easily view large
amounts of data contained in the tables in their work areas? (Choose two.)
A. Use the Freeze feauture on the tables to scroll through large amounts of data
B. Run a Business Intelligence Publisher report with Excel as the output format
C. Export the table to Excel
D. Detach the table to resize it to the maximum size of the monitor.
Answer: A D

NO.4 Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose
two.)
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

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

NO.5 In which two ways can your users customize the Springboards and Work Areas to suit their
individual working styles? (Choose two.)
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

NO.6 While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently
created. Which two options explain that? (Choose two.)
A. The Account Rule's conditions are not defined
B. The Account Rule's chart of accounts has no account values assigned
C. The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set
D. The Account Rule is using sources assigned to different event classes from that of the associated
Journal Entry Rule Set
Answer: C D

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