Oracle Exam 1Z0-1054-24 Topic 2 Question 2 Discussion

Actual exam question for Oracle's 1Z0-1054-24 exam

Question #: 2
Topic #: 2

Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.

A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.

Which statement is true?

AIf you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.

BThe Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.

CIf you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

DIf you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD only will be carried forward.

EIf you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.

Show Suggested Answer

Suggested Answer: E

by Shawana at May 04, 2025, 04:53 AM

Limited Time Offer

25%

Off

Get Premium 1Z0-1054-24 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Kerry

2 days ago

This is a tricky one. I'm leaning towards D, since the question specifically says the obligation of $10,000 USD will be carried forward, but it doesn't mention the expenditure of $20,000 USD being carried forward.

upvoted 0 times

...

Latrice

3 days ago

Hmm, I'm not so sure. The question mentions a $50,000 USD fund available for account 5020, so I think the answer might be A. The budget balances, obligations, and expenditures should all be carried forward, including the $50,000 USD fund.

upvoted 0 times

...

Teddy

9 days ago

That makes sense, maybe A is the correct answer after all.

upvoted 0 times

...

1 months ago

I think the correct answer is A.

upvoted 0 times

...