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1z0-1054-22 Questions and Answers

Question # 1

You are setting up Close Monitor, which compromises a ledger set hierarchy definition.

Which two components of the enterprise structure should the ledgers in the ledger setshare? (Choose two.)


Accounting Calendar


Legal Entities, Business Units, and Chart of Accounts


Chart of Accounts


Chart of Accounts and Business Units


Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method

Question # 2

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.

What is Oracle’srecommended method to define this chart of accounts?


Define the company segment only and qualify it as both the primary balancing segment and intercompany segment


Define two different charts of accounts


Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance


Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level

Question # 3

Which tool can you use to create a Financial Income Statement?


One View Reporting




Account Inspector


Rapid Implementation Enterprise Structures setup

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