Oracle 1Z0-1054-21 Value Pack (Frequently Bought Together)

Your Customer has three legal entities, 50 Departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended best practice when implementing: a new chart of accounts? How many segments and what segment qualifiers should be used?

• A. Define four segments for the company, department, natural account and intercompany segment. The qualifiers should be primary balancing segment , cost center segment, natural account segment and intercompany segment respectively
• B. Define Three segments for the company, department, and natural accounts, the qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively
• C. Define five segments for the company, department, natural account, intercompany segment and future segment. The qualifiers should be primary balancing segment , cost center segment, natural account segment, intercompany segment an no qualifier respectively.
• D. Define Three segments for the company, department, and natural accounts. The qualifiers should be primary balancing segment, intercompany segment, cost center segment, and natural account segment, respectively

You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.

• A. Create the accounting in the source system and then import the journal entries into subledger accounting
• B. Analyze external system transactions
• C. Capture accounting events
• D. Determine the accounting impact of transactions

Your company has two legal entities in the US (Balancing Segment Value (BSV 101 and 102) one legal entity in France (BSV 401) and one legal entity in the UK (BSV 402) Both US legal entities share the same ledger, whereas the UK and France have their own ledgers Assuming intercompany transactions are not being entered, what is the minimal action you can take to still configure the ledger correctly?

• A. You should assign a balancing segment value to identify each legal entity in the US and assign balancing segment value to the ledger in the UK and France
• B. You should assign a balancing segment value to identify each legal entity in the US ledger
• C. You should assign the balancing segment value to the ledger in the US and assign the balancing segment value to identify each legal entity in the UK and France Ledgers
• D. You should assign a balancing segment value to identify each legal entity in each ledger

you need to define a chart of accounts includes a 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?

• A. Define the company segment only and qualify it as both primary balancing segment and intercompany segment.
• B. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
• C. Define Two Different Chart of Accounts
• D. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.

How do you hide accounts with no balances showing #Missing in Smart view?

• A. Select the Data/Missing check box in the Data Options tab
• B. Use Excel functions to hide rows with #Missing assigned
• C. This indicates a database connection issue
• D. Choose the Suppress Zeros option under Data options