Download Oracle.1Z0-1054-20.PremDumps.2021-01-21.78q.tqb
| Vendor: | Oracle |
| Exam Code: | 1Z0-1054-20 |
| Exam Name: | Oracle Financials Cloud: General Ledger 2020 Implementation Essentials |
| Date: | Jan 21, 2021 |
| File Size: | 310 KB |
| Downloads: | 1 |
Demo Questions
Question 1
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)
- Posting performance is much faster
- Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
- General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
- You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
- You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
Correct answer: CD
Question 2
Which tool can you use to create a Financial Income Statement?
- One View Reporting
- PS/nVision
- Account Inspector
- Rapid Implementation Enterprise Structures setup
Correct answer: C
Question 3
Which feature outside of reporting and analysis leverages the Essbase cube?
- revaluations and translation to revalue and translate currencies stored in the Essbase cube
- calculation manager to perform allocations based on multidimensional balances and budgets
- period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
- journal entries and journal approval to create journals that update balances to the cube directly
Correct answer: A
