Oracle Financials Cloud: General Ledger 2022 Implementation Professional: 1Z0-1054-22

Correct Answer: B

https://docs.oracle.com/cd/E51367_01/financialsop_gs/OAACT/F1005378AN156C9.htm The reason why you are unable to set a tree or hierarchy status to Active is that an Audit process needs to be successfully performed before a tree version can be set to Active. The Audit process validates the tree structure and checks for errors or inconsistencies. If the Audit process fails, you need to correct the errors and run the Audit process again until it succeeds. Then you can set the tree version status to Active. The number of tree versions does not affect the ability to set a tree status to Active, as long as there is at least one tree version defined. Accounting Configuration does not need to be submitted before setting a tree status to Active, as this is a separate task that involves submitting all accounting configuration changes for deployment. Chart of accounts does not need to be deployed before setting a tree status to Active, as this is a separate task that involves deploying flexfield metadata changes for validation and activation. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives-Define Chart of Accounts 12

Correct Answer: C

The component of Subledger Accounting that determines the debit or credit side of a journal entry is the Journal Line Rule. A Journal Line Rule defines the conditions for creating a journal line for a subledger transaction and specifies whether the journal line is a debit or credit line. A Journal Line Rule also references other components such as Account Rules, Journal Entry Rule Sets, and Journal Accounting Rules to derive other attributes of a journal entry. A Journal Balances Rule is not a component of Subledger Accounting, but a feature of General Ledger that enables you to define how balances are calculated for reporting purposes. A Journal Entry Rule Set is not a component of Subledger Accounting that determines the debit or credit side of a journal entry, but a group of Journal Line Rules that define how journal entries are created for subledger transactions. A Journal Accounting Rule is not a component of Subledger Accounting that determines the debit or credit side of a journal entry, but a rule that defines how accounting amounts are derived for journal lines based on different date ranges or periods. An Account Rule is not a component of Subledger Accounting that determines the debit or credit side of a journal entry, but a rule that defines how accounting flexfield values are derived for journal lines based on various sources.

Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives-Configure Subledger Accounting 12

Correct Answer: CDE

The three features that facilitate interactive analysis of General Ledger balances with the ability to drill down to originating transactions are Account Inspector, Account Monitor, and Smart View. Account Inspector is a tool that allows you to

select an account or an account group and view its balance and components, such as subledger details, journal lines, and supporting references. You can also drill down to the underlying transactions and subledger applications. Account

Monitor is a tool that allows you to monitor key account balances in real time and compare them to predefined thresholds. You can also drill down to the underlying transactions and subledger details. Smart View is an Excel add-on that allows

you to view and analyze financial data from General Ledger Cloud using Essbase cubes. You can also drill down from summary balances to journal details and subledger transactions. Sunburst reports are not a feature that facilitates

interactive analysis of General Ledger balances with the ability to drill down to originating transactions, as they are graphical reports that show data distribution across different dimensions and hierarchies, but do not provide drill down

capabilities. Online Transactional Business Intelligence (OTBI) is not a feature that facilitates interactive analysis of General Ledger balances with the ability to drill down to originating transactions, as it is a reporting tool that allows you to

create custom reports using real-time transactional data from various sources, but does not provide drill down capabilities.

Reference: Oracle Financials Cloud:

General Ledger 2022 Implementation Professional Objectives-Use Oracle Transactional Business Intelligence (OTBI) 12