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Oracle 1z0-1054-22 Exam Dumps - Actual Questions Answers

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1z0-1054-22 Questions and Answers

Question # 1

Your company has two legal entities in the US (Balancing Segment Values [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 and still

configure the ledgers correctly?

A.

You should assign a balancing segment value to identify each legal entity in the US Ledger and assign the

balancing segment values 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 a balancing segment value to identify each legal entity in each ledger.

D.

You should assign the balancing segment value to the ledger in the US and assign a balancing segment value to identify each legal entity in the UK and France ledgers.

Question # 2

Your customer wants to use a clearing company to automatically balance intercompany entries.

Which three statements are true regarding the use of a clearing company value? (Choose three.)

A.

You must map legal entities to balancing segment values in order to use a clearing company

B.

If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger

C.

Clearing companies are not supported

D.

If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity

E.

If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal

Question # 3

Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)

A.

You only need to assign the Legal Entity and Organization Contact

B.

You can only associate one Intercompany Organization per Legal Entity

C.

You must have implemented Payables Cloud and Receivables Cloud

D.

You must assign the corresponding Receivables and Payables Business Units

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