Real Oracle 1z0-1054-25 Exam Dumps with Correct 122 Questions and Answers [Q14-Q31]

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Real Oracle 1z0-1054-25 Exam Dumps with Correct 122 Questions and Answers

Valid 1z0-1054-25 Test Answers & Oracle 1z0-1054-25 Exam PDF

Q14. On a primary ledger in Use system options close section, the following field has been selected:
‘Prevent General Ledger Period Close When Open Subledger Periods Exist’.
What three exceptions will prevent closing of the accounting period?

Pending Transaction in General Ledger Interface

No pending transaction in the General Ledger Interface table

Pending Intercompany Transactions

Intercompany Transactions are completed

Q15. Which three Oracle Transactional Business Intelligence (OTBI) objects can be created by using the tools in the Oracle Business Intelligence (BI) catalog?

Reports

Infotiles

Analyses

Infolets

Dashboards

Q16. Your Oracle Fusion Cloud client needs to store balances such as floor space, number of employees, quantities purchased for use in journal allocations, and financial reporting.
Currently, in their test environment, they are unable to record statistical amounts.
What is the reason?

The currency STAT does not have the statistical unit type enabled.

The ledger currency does not have the derivation flag enabled.

The currency STAT does not have the ISO currency flag enabled.

Q17. Your customer has alarge number of legal entities. Thelegal entity valuesare defined in thecompany segment and the primary balancing segment.
They want to easily createeliminating entriesfor theintercompany activity.
What should you recommend?

There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.

Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.

There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.

Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.

Q18. 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’s recommended method to define this chart of accounts?

Define the intercompany segment with a default value.

Share the same value set for the company and intercompany segments.

Define the company segment and assign both the primary balancing segment and intercompany segment labels.

Create two different value sets for the company and intercompany segments.

Q19. You create a Trial Balance type report using Smart View. As you include all segments for the Chart of Accounts, you expect to see zero balance. Further with the Zoom Out function, you expect to see the balances in each account.
Instead, IMTSSTNG is appearing in the report output.
What is the issue with this report?

You have not selected a member for Currency.

You have not selected a member for Amount Type.

You have not selected a member for Balance Amount.

Q20. You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

by using the Manage General Ledger Security page.

by creating Cross-Validation Rules desktop-integrated spreadsheet.

by using Cross-Validation Rules Import file-based data import (FBDI).

by using the Manage Cross-Validation Rules page.

Q21. You have been tasked with creating user-defined infolets to monitor key financial metrics. However, you cannot see the option to create infolets in the Infolet repository. What are the two requirements to be able to see the Create option?

You must activate Page Composer.

You must publish a sandbox.

You must define your OTBl analyses.

You must be in a sandbox.

You must create a dashboard.

Q22. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

Data is summarized across segments that are not mapped to Hyperion Financial Management.

The unmapped segments default to future use segments in Hyperion Financial Management.

Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.

No data is transferred.

Q23. Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.

Open the Ledgers page and update the CTA account and then rerun Translation for all periods required.The system will automatically update the translated balances.

Q24. Which Two predefined job roles automatically have the assigned privileges to access Financial Reporting Center?

Account Receivables Manager

Payables Supervisor

General Accounting Manager

Budget Manager

Intercompany Manager

Q25. Your userforgot the password. How do you resolve this?

Use the Manage Users page to update the user’s information and change the password.

Create a new user ID and password for the user.

Use Oracle Identity Management (OIM) to reset the user’s password.

Use Access Policy Manager (APM) to reset the user’s password.

Q26. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

Q27. You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.

Determine the accounting impact of transactions.

Capture accounting events.

Create the accounting in the source system and then import the journal entries into subledger accounting.

Analyze external system transactions.

Q28. 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.)

The original journal entry in Euros is updated.

There is no unrealized exchange gain or loss calculated.

The original journal entry in Euros remains the same.

You have an unrealized exchange gain recorded.

You have an unrealized exchange loss recorded.

Q29. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A value for the budget scenario is not created.

Transfer Budget Balances to Budget Cubes has not been run.

Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.

Budgeting is not enabled in the Ledger options.

The Create Scenario Dimension Members program has not been run.

Q30. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

Each product has its own Intercompany Accounting feature that needs to be configured separately.

In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.

Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.

Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.

Q31. When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

Smart View

Financial Reporting Studio

Account Inspector

Financial Statement Generator