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Oracle 1z0-1054-22 Dumps Questions Answers

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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Questions and Answers

Questions 1

All of your subsidiaries can share the same ledger with their parent company and all reside onthe same application instance.

They do perform intercompany accounting. What is Oracle’s recommended approach to performing consolidations?



Use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment


Use Oracle Hyperion Financial Management for this type of complex consolidation


Use General Ledger’s Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.


Define multiple ledgers for consolidation and report on ledger set

Questions 2

When creating your financial statements, you would like to have a chart, such as a bar graph, included in the

report output.

Which two reporting tools allow you to achieve this? (Choose two.)



Financial Reporting Studio


Account Inspector


Smart View


Financial Statement Generator

Questions 3

You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account’s activities.

What type of report will provide this type of information?



Account Analysis Reports


Aging Reports


anOnline Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances


Journals Reports

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