Pass Oracle 1z0-1054-24 Actual Free Exam Q&As Updated Dump Nov 22, 2025
Latest 1z0-1054-24 Actual Free Exam Updated 87 Questions
NEW QUESTION # 43
Which two statements are true if a journal description rule is defined with sources?
- A. The description rule may be assigned to either the header or line level, or to both.
- B. The description rule can only be assigned to the header or line level.
- C. You cannot assign journal description rules to sources.
- D. The description rule can only be assigned to the journal line level.
- E. The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.
Answer: A,E
NEW QUESTION # 44
You want to achievemulti-step cascading allocations. Which feature do you use?
- A. General Ledger journal entries
- B. Point of View (POV)
- C. RuleSets
- D. Formulas
Answer: C
NEW QUESTION # 45
Which three factors should you consider while specifying Intercompany System options?
- A. Approvers who will approve intercompany transactions
- B. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
- C. Whether to allow receivers to reject intercompany transactions
- D. Automatic or manual batch numbering and the maximum transaction amount
- E. Automatic or manual batch numbering and the minimum transaction amount
Answer: B,C,E
Explanation:
Intercompany System options are used to set up intercompany processing rules at the enterprise level, based on your specific business needs. They help you standardize and simplify transaction processing, minimize disputes, and reduce administrative costs. The three factors that you should consider while specifying Intercompany System options are:
* Automatic or manual batch numbering and the minimum transaction amount: These options help you control the numbering and the size of intercompany transactions. You can choose to use system generated or manual batch numbering, and you can specify a minimum threshold amount for intercompany transactions to prevent immaterial transactions. To use the minimum transaction amount option, you must also select an Intercompany currency option.
* Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies:
This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions. You can choose to standardize transaction processing by selecting an Intercompany currency, which means that all intercompany transactions created in the Intercompany module are entered in this currency. Alternatively, you can choose to allow intercompany transactions in local currencies, which means that intercompany transactions can be entered in the ledger currency of the sender or the receiver.
* Whether to allow receivers to reject intercompany transactions: This option helps you handle the approval and dispute resolution process for intercompany transactions. You can choose to allow receivers to reject intercompany transactions if they disagree with the sender's information, such as the amount,the account, or the date. If you enable this option, you must also specify the rejection reason and the notification details for the sender.
References:
* Intercompany System Options
* Implementing Enterprise Structures and General Ledger
* Implement General Ledger
NEW QUESTION # 46
You have set up asupporting reference with balancesto capturerevenue by account manager.
Which option should you use to view thesupporting reference balances?
- A. An Account Group
- B. General Ledger inquiries and reports
- C. An OTBI analysis
- D. A SmartView analysis
Answer: C
NEW QUESTION # 47
You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?
- A. Opt in to the Prevent Period Close option for the offering.
- B. Set the relevant option on the Specify Ledger Options page.
- C. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
- D. You don't have to do anything; this option is enabled automatically.
Answer: B
Explanation:
You can prevent the closure of a General Ledger accounting period if the accounting period for any of the corresponding subledgers is still open, or if incomplete accounting entries or transactions exist for the period.
This can help ensure an effective period close process that validates all transactions are complete and aren't held up during the close. To enable this feature, you need to set the relevant option on the Specify Ledger Options page for each primary ledger. The option is called Prevent General Ledger Period Closure When Open Subledger Periods Exist and it is located in the Period Close section. You can also specify which subledgers to include or exclude from the validation, except for Assets, which is automatically excluded by default. References:
* How to Prevent a General Ledger Period from Closing When Open Subledger Periods Exist
* Period Close Components
* Review: Prevent General Ledger Period Closure When Open Subledger Periods Exist
NEW QUESTION # 48
Task 3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values
Answer:
Explanation:
See the Explanation for the complete Solution.
Explanation:
Here are the steps you need to follow:
* In the Setup and Maintenance work area, go to the following:
* Offering: Financials
* Functional Area: Financial Reporting Structures
* Task: Manage Chart of Accounts Mapping
* Select the source chart of accounts (UK) and the target chart of accounts (CA) that you want to map.
* Click on the Segment Rules tab to define the segment mapping rules. Enter the following information for each segment:
* Segment Number: 1
* Segment Name: Company
* Mapping Type: Value
* Source Value: *
* Target Value: *
* Segment Number: 2
* Segment Name: LoB
* Mapping Type: Value
* Source Value: *
* Target Value: *
* Segment Number: 3
* Segment Name: Account
* Mapping Type: Range
* Source From Value: 1000
* Source To Value: 1999
* Target Value: 11101
* Mapping Type: Range
* Source From Value: 2000
* Source To Value: 2999
* Target Value: 22100
* Mapping Type: Range
* Source From Value: 3000
* Source To Value: 3999
* Target Value: 34000
* Mapping Type: Range
* Source From Value: 4000
* Source To Value: 4999
* Target Value: 42000
* Mapping Type: Range
* Source From Value: 5000
* Source To Value: 99999999
* Target Value: 51100
* Segment Number: 4
* Segment Name: Cost Center
* Mapping Type: Value
* Source Value: 0
* Target Value: Balance Sheet
* Mapping Type: Value
* Source Value: 000
* Target Value: Balance Sheet
* Mapping Type: Value
* Source Value: *
* Target Value: 610
* Segment Number: 5
* Segment Name: Product
* Mapping Type: Value
* Source Value: *
* Target Value: *
* Segment Number: 6
* Segment Name: Intercompany
* Mapping Type: Value
* Source Value: *
* Target Value: *
* Click on the Save and Close button to save the segment mapping rules.
You have successfully created a Chart of Accounts mapping for the given scenario. For more information, you can refer to the following resources:
* Overview of the Chart of Accounts Mapping Page
* Chart of Accounts Structures and Instances
* How To Create A Chart Of Accounts Mapping For A Secondary Ledger
* How To Bulk Upload The Mapping Rules In "Manage Chart of Accounts Mapping"
* Centralized Management of Chart of Accounts Configurations
NEW QUESTION # 49
An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?
- A. Primary balancing segment rule
- B. Ledger-level rule
- C. Chart of accounts rule
- D. Legal entity-level rule
Answer: A
Explanation:
When balancing an intercompany journal, Oracle Fusion Cloud will first look for a primary balancing segment rule that matches the provider and receiver primary balancing segment values. If such a rule exists, it will be used to generate the intercompany receivables and payables accounts. If not, Oracle Fusion Cloud will look for a chart of accounts rule, then a legal entity-level rule, and finally a ledger-level rule. The primary balancing segment rule has the highest priority and the ledger-level rule has the lowest priority. References:
* Overview of Intercompany Balancing Rules
* Intercompany Balancing Rules
* Troubleshooting Guide For Intercompany Balancing
* Example of Generating Intercompany Receivables and Intercompany Payables Accounts
NEW QUESTION # 50
You are implementingFinancials Cloudand are usingspreadsheetsto loadLegal Entities, Business Units, and Account Hierarchies.
Which threesetup objectscan be loaded via aspreadsheetfromFunctional Setup Manager?
- A. Banks, Bank Accounts, and Branches
- B. Setup data for Receivables and Payables product.
- C. Chart of account values, accounting calendar, and ledger
- D. Complete Accounting Configuration
- E. Suppliers and Customers
Answer: A,C,E
NEW QUESTION # 51
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?
- A. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
- B. If 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.
- C. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
- D. If 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.
- E. If 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.
Answer: B
NEW QUESTION # 52
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
- A. Intercompany Segment
- B. Natural Account
- C. Cost center
- D. Primary Balancing
- E. Secondary Balancing
Answer: B,C,D
Explanation:
The three labels that are required when designing the chart of account structure for this project are Primary Balancing, Cost center, and Natural Account. A chart of account structure is composed of segments that represent different dimensions of accounting information, such as company, department, account, or project.
Each segment has a label that indicates its function or purpose within the chart of accounts. The Primary Balancing label is required for the segment that identifies the legal entity or business unit for which financial statements are prepared and balanced. The Cost center label is required for the segment that identifies the organizational unit or function that incurs expenses or generates revenues. The Natural Account label is required for the segment that identifies the nature of an account, such as asset, liability, revenue, or expense.
The Intercompany Segment label is not required when designing the chart of account structure for this project, as this is an optional label for the segment that identifies intercompany transactions between different legal entities or business units within the same enterprise. The Secondary Balancing label is not required when designing the chart of account structure for this project, as this is an optional label for the segment that identifies an additional balancing dimension other than the primary balancing segment, such as fund or region. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Chart of Accounts 12
NEW QUESTION # 53
The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)
- A. Output type
- B. The Data Model
- C. The Data Source
- D. The layout-Template
- E. The Sub_Template
Answer: B,D
Explanation:
To add a global branding logo and more predefined transactional attributes to the journal approval email notification, you should copy (or customize) and edit the layout template and the data model. The layout template is a file that defines the appearance and content of the notification, such as text, images, tables, or charts. The data model is a file that defines the data sources and queries that provide data for the notification, such as predefined transactional attributes. You can copy (or customize) and edit the layout template and the data model using Oracle Analytics Publisher reports. You do not need to copy (or customize) and edit the output type, as this is a setting that determines the format of the notification output, such as HTML or PDF.
You do not need to copy (or customize) and edit the data source, as this is a component of the data model that specifies where data for the notification comes from, such as an SQL query or an XML file. You do not need to copy (or customize) and edit the sub template, as this is a file that contains reusable content or logic that can be referenced by multiple layout templates. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Configure Workflow Approvals and Notifications 12
NEW QUESTION # 54
You entered users who are bothemployees and contingent workers. You want an automated way toassign, reassign, and remove rolesfrom users. What feature do you use?
- A. Oracle Identity Manager Roles Assignment
- B. You cannot reassign contingent workers
- C. Access Policy Manager's Role Generation
- D. Role Mappings
- E. Data Roles
Answer: D
NEW QUESTION # 55
Your customer isexpanding its operations. You defined a newledgerand severalbusiness units. However, you areunable to assignthe newly generateddata rolesto existingAccounts Payables and Accounts Receivablesusers in the shared service center.
What should you do to correct the problem?
- A. Open Access Policy Manager (APM) and assign the roles manually.
- B. Open the Manage Users page and make sure the employees at
- C. Open the Oracle Identity Management (OIM) and make sure the data roles were created.
- D. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
Answer: A
NEW QUESTION # 56
What are two uses of the Column Flattening and Row Flattening features? (Choose two.)
- A. Verify correctness of trees.
- B. Set the status of a tree to active.
- C. Create additional versions of a tree.
- D. View information for runtime performance.
- E. Optimize parent/child relationships.
Answer: A,B
Explanation:
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. Youdo 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
NEW QUESTION # 57
Which two statements are true about the Intercompany Reconciliation report?
- A. It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
- B. It displays all clearing company balancing lines for a period.
- C. It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- D. It displays the intercompany receivables and intercompany payables balances in summary for a period.
- E. You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
Answer: C,D
Explanation:
The Intercompany Reconciliation report is a tool that helps you reconcile your intercompany transactions and identify any discrepancies between the provider and receiver sides. The report shows the entered or transaction amount of the accounting entries booked to the intercompany receivables and payables accounts for a pair of provider and receiver legal entities. The accounted amounts may be different when the conversion rates used for the intercompany receivables and payables are different. Therefore, you can run the report using an additional currency and conversion rate that converts all amounts into a common currency for comparison. This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions. The report also displays the intercompany receivables and payables balances in summary for a period, and any differences between them. You can drill down on the links to view the balances by source and then by journal lines. You have full drill-down capabilities to the general ledger journal, subledger accounting entry, and source receivables or payables transaction. References:
* Intercompany Reconciliation
* Intercompany Reconciliation Reports
NEW QUESTION # 58
When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?
- A. Make sure to flatten the rows of the tree version.
- B. Make sure the tree version was published successfully.
- C. Redeploy the chart of accounts.
- D. Make sure the tree is active.
Answer: B
NEW QUESTION # 59
Which two statements are true regarding the export/import of reports?
- A. A set of reports lists user names, suppliers, and customers that have been exported/imported.
- B. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
- C. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
- D. Reports on setup data can be used to compare and analyze how the data might have changed over time.
- E. The export/import reports are available only for Fusion Customer Relationship Management.
Answer: B,D
NEW QUESTION # 60
What are thetwo possible reasonsforencumbrance created on the purchase orderto go back to thebudget or funds availability?
- A. When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unreceived amount.
- B. The purchase order is canceled or finally closed or rejected without performing any receipt or invoice.
- C. When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.
- D. The requisition reserved successfully undergoes amendment and is rejected in the reapproval.
Answer: A,B
NEW QUESTION # 61
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
- A. You have an unrealized exchange loss recorded.
- B. You have an unrealized exchange gain recorded.
- C. The original journal entry in Euros remains the same.
- D. There is no unrealized exchange gain or loss calculated.
- E. The original journal entry in Euros is updated.
Answer: A,B
Explanation:
The two true statements for the resulting revaluation run are that you have an unrealized exchange gain recorded and you have an unrealized exchange loss recorded. Revaluation is a process that adjusts foreign currency balances to reflect current exchange rates at period end. Revaluation creates journal entries to record unrealized exchange gains or losses on foreign currency balances based on revaluation rates defined for each currency. In this scenario, you have a balance on the Accounts Payable Liability Account of 100,000 Euros which is equivalent to USD 136,550 at month end. The month end exchange rate for revaluation is 1 Euro =
1.3755USD. Therefore, after revaluation, your balance on the Accounts Payable Liability Account will be USD 137,550 (100,000 x 1.3755). This means you have an unrealized exchange gain of USD 1,000 (137,550
- 136,550) on your Accounts Payable Liability Account because your liability in foreign currency has decreased in terms of your ledger currency due to exchange rate fluctuations. Revaluation will create a journal entry to debit your Accounts Payable Liability Account by USD 1,000 and credit your Unrealized Exchange Gain Account by USD 1,000 to record this gain. The original journal entry in Euros is not updated by revaluation, as revaluation only creates new journal entries to adjust foreign currency balances in terms of ledger currency based on revaluation rates. There is no unrealized exchange gain or loss calculated by revaluation, as revaluation does calculate unrealized exchange gains or losses on foreign currency balances based on revaluation rates.
NEW QUESTION # 62
Budgetary control for accounts5020and5021has a budget of$90,000 USDeach for the year2012. The accounts also have balances onobligation of $10,000 USDfor each and anexpenditure of $20,000 USDfor each.
AFund of $50,000 USDis available for account5020only. You have run theEncumbrance Year End Carry Forward processfor obligation from the last period of the year2012to the first period of year2013.
Which statement is true?
- A. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
- B. If 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.
- C. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
- D. If 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.
Answer: B
NEW QUESTION # 63
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
- B. Each product has its own Intercompany Accounting feature that needs to be configured separately.
- C. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
- D. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
Answer: A,B
Explanation:
According to Oracle documentation1, the following statements are true regarding intercompany accounting for Financials Cloud, Projects, Inventory, and SCM: Each product has its own Intercompany Accounting feature that needs to be configured separately, and Intercompany Balancing Rules are defined centrally and applied across Financials and Projects. Intercompany accounting is the process of recording transactions between related entities within an enterprise or between groups in the same legal entity. Each product has its own Intercompany Accounting feature that enables you to create, process, and reconcile intercompany transactions. Intercompany Balancing Rules are used to generate balancing entries for journals that are out of balance by legal entity or primary balancing segment values. Intercompany Balancing Rules are defined in General Ledger and applied across Financials and Projects. Therefore, options A and C are correct. Option B is incorrect because Intercompany Balancing Rules are not used to balance cross-ledger allocation journals.
Option D is incorrect because Intercompany balancing rules in General Ledger do not need to be mapped with the intercompany configuration in each product.
NEW QUESTION # 64
What type ofusermust be defined before you can create anImplementation Project?
- A. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
- B. All roles that will be used throughout the implementation
- C. Implementation Users
- D. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
- E. A full-time employee that has the FSM Superuser role assigned
Answer: A
NEW QUESTION # 65
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