DOWNLOAD the newest Prep4King 1Z0-1054-26 PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1HaU7fgVL4XenCDTQIA5L_w1i5hi2Q0DB
Would you like to distinguish yourself in IT industry? And would you like to get much more professional recognition? Come on and sign up for Oracle 1Z0-1054-26 Certification Exam to further improve your skills. Prep4King can help you achieve your wishes. Here has professional knowledge, powerful exam dumps and quality service, which can let you master knowledge and skill with high speed and high efficiency. What's more, it can help you are easy to cross the border and help you access to success.
| Section | Weight | Objectives |
|---|---|---|
| Performing Period Close | 15% | - Period Close configuration - Period Close process overview |
| Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing - Journal configuration |
| Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Processing Intercompany | 15% | - Intercompany transaction configuration - Intercompany transaction processing and reconciliation |
| Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Configuring Financial Reports | 15% | - Financial report and analysis creation
|
| Implementing Ledgers | 15% | - Ledger configuration |
| Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
>> Test Oracle 1Z0-1054-26 Voucher <<
Our 1Z0-1054-26 preparation exam can provide all customers with the After-sales service guarantee. The After-sales service guarantee is mainly reflected in to many aspects. The most important one is that we can promise that our 1Z0-1054-26 study questions will meet the customer demand for privacy protection. As is known to us, the privacy protection of customer is very important, No one wants to breach patient. So our 1Z0-1054-26 Actual Exam pays high attention to protect the privacy of all customers.
NEW QUESTION # 108
When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?
Answer: D
Explanation:
Intercompany processing will balance a journal using the accounts identified here for the UK Ledger when the journal is balanced by the primary balancing segment value (BSV) but not by second or third BSV. A BSV is a segment in the chart of accounts that identifies a legal entity or business unit for which financial statements are prepared and balanced. A primary BSV is required for every ledger and is used to balance journal entries within a ledger. A secondary or tertiary BSV is optional and is used to balance journal entries across different dimensions other than the primary BSV, such as fund or region. Intercompany processing is a feature that enables intercompany transactions between different legal entities or business units within the same enterprise. Intercompany processing uses intercompany balancing rules to generate intercompany receivables and payables accounts for cross-ledger or cross-BSV journals. Intercompany processing will balance a journal using the accounts identified here for the UK Ledger when the journal is balanced by the primary BSV but not by second or third BSV, as this indicates that there is an intercompany transaction between different legal entities or business units within the UK Ledger that requires intercompany balancing.
Intercompany processing will not balance a journal using the accounts identified here for the UK Ledger when there is a many-to-many journal and you want to use a clearing company, as this is a scenario that involves multiple legal entities or business units across different ledgers that requires a separate clearing company ledger to perform intercompany balancing. Intercompany processing will not balance a journal using the accounts identified here for the UK Ledger when the journal is not balanced by the primary BSV, as this is an invalid scenario that violates the accounting rules and prevents posting of the journal. Intercompany processing will not balance a journal using the accounts identified here for the UK Ledger when the journal is balanced by second balancing segment value, as this is an incomplete scenario that does not specify whether the journal is also balanced by primary and third BSV. Reference: Oracle Financials Cloud: General Ledger
2022 Implementation Professional Objectives - Configure and Process Intercompany 12
NEW QUESTION # 109
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?
Answer: A,C
Explanation:
A primary ledger is the main ledger for a legal entity or business unit that records all accounting transactions and maintains the accounting balances. A secondary ledger is an optional ledger that is associated with a primary ledger and maintains accounting balances in a different accounting representation. A reporting currency is an optional currency that is associated with a primary ledger and maintains accounting balances in a different currency. In this scenario, the subsidiary company needs to produce fiscal reports under local GAAP and local currency, as well as report to the parent company using IFRS and not local currency.
Therefore, the subsidiary company should configure a primary ledger with the local accounting convention and local currency, and a secondary ledger with the IFRS accounting convention and not local currency. A reporting currency with the local accounting convention or the IFRS accounting convention would not meet the requirement, as it would only maintain balances in a different currency, not a different accounting representation. A primary ledger with the IFRS accounting convention would not meet the requirement, as it would not comply with the local GAAP. References:
Oracle Financials Cloud Implementing Enterprise Structures and General Ledger, Chapter 2: Ledgers, Primary Ledgers, Secondary Ledgers, and Reporting Currencies Oracle Financials Cloud Using General Ledger, Chapter 1: Introduction, Ledgers and Subledgers, Primary Ledgers, Secondary Ledgers, and Reporting Currencies
NEW QUESTION # 110
TheDelete Translated Balancesprocess provides the ability to completely reset translations in the event thatsignificant changesare made to the accounting configuration.
Once the deletion process completes, what additional process must you run?
Answer: A
NEW QUESTION # 111
Your organization has frequent fund transfers between entities to meet working capital requirements and address internal financing needs. You decide to use the Multitier Intercompany functionality to address those needs.
Which two components of Multitier Intercompany need to be created to generate an intercompany transaction for General Ledger?
Answer: A,B
NEW QUESTION # 112
When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?
Answer: C,D
Explanation:
Smart View and Financial Reporting Studio are two reporting tools that allow you to create and include charts such as bar graphs in your financial statements. Smart View is a multidimensional pivot analysis tool that enables you to interactively analyze your balances and define reports using a familiar spreadsheet environment. You can also insert charts and graphs to visualize your data. Financial Reporting Studio is a tool that lets you design and format financial reports using data from the Oracle General Ledger balances cube. You can also add charts and graphs to enhance your reports and display data trends.Reference:
Overview of Financial Reporting Center, Oracle Cloud Applications Financials 23B, https://docs.oracle.com/en/cloud/saas/financials/23b/faiah/overview-of-financial-reporting-center.html Using Smart View with Oracle Financials Cloud, Oracle Cloud Applications Financials 23B, https://docs.oracle.com/en/cloud/saas/financials/23b/fasvf/using-smart-view-with-oracle-financials-cloud.html Creating Financial Reports, Oracle Cloud Applications Financials 23B, https://docs.oracle.com/en/cloud/saas/financials/23b/farug/creating-financial-reports.html
NEW QUESTION # 113
......
Maybe you have desired the 1Z0-1054-26 certification for a long time but don't have time or good methods to study. Maybe you always thought study was too boring for you. Our 1Z0-1054-26 study materials will change your mind. With our 1Z0-1054-26 exam questions, you will soon feel the happiness of study. Just look at the three different versions of our 1Z0-1054-26 learning quiz: the PDF, Software and APP online which can apply to study not only on the paper, but also can apply to study on IPAD, phone or laptop.
1Z0-1054-26 Exam Format: https://www.prep4king.com/1Z0-1054-26-exam-prep-material.html
BONUS!!! Download part of Prep4King 1Z0-1054-26 dumps for free: https://drive.google.com/open?id=1HaU7fgVL4XenCDTQIA5L_w1i5hi2Q0DB