1z0-1054-22 Oracle Financials Cloud: General Ledger 2022 Implementation Professional - Practice Questions

Question 1

Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.

What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)

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Accounting Date
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Chart of Accounts
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Journal Line Rules
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Account Rules
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Supporting References

Question 2

What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

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Set the status of a tree to active.
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Create additional versions of a tree.
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Verify correctness of trees.
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View information for runtime performance.
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Optimize parent/child relationships.

Reference / correct answer:

Set the status of a tree to active.

Verify correctness of trees.

The two uses of the Column Flattening and Row Flattening features are to set the status of a tree to active and to verify correctness of trees. Column Flattening and Row Flattening are features that optimize parent-child information for run-time performance by storing additional rows or columns in a table for instantly finding all descendants or ancestors of a node without initiating a recursive query. Column Flattening and Row Flattening are required to set the status of a tree to active, as they ensure that the tree data is consistent and accurate. Column Flattening and Row Flattening are also useful to verify correctness of trees, as they allow users to view and analyze the flattened hierarchy data using various tools such as Oracle Analytics Publisher or Oracle Transactional Business Intelligence. You do not use Column Flattening and Row Flattening to create additional versions of a tree, as this is a feature that allows users to copy an existing tree version and make changes to it without affecting the original version. You do not use Column Flattening and Row Flattening to view information for runtime performance, as this is a feature that allows users to monitor and measure the performance of various processes or tasks in Oracle Fusion Applications. You do not use Column Flattening and Row Flattening to optimize parent/child relationships, as this is a feature that allows users to define rules and constraints for how nodes can be related to each other in a tree structure. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Chart of Accounts 1 2

Question 3

When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose

two).

Select all that apply, then click Submit answer.

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Financial Reporting Studio
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Smart View
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Oracle Financial Statement Generator
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Financial Reporting Center

1z0-1054-22 – Oracle Financials Cloud: General Ledger 2022 Implementation Professional