Free Oracle 1Z0-1054-24 Exam Questions

Become Oracle Certified with updated 1Z0-1054-24 exam questions and correct answers

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Total 149 Questions | Updated On: Jan 09, 2025

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Question 1

You have exported data from your budgeting application into a .csv file.

What should you use to load that data into General Ledger?

A : budget journal spreadsheet

B : terprise Resource Budget Integrator

C : le Based Data Import

D : plication Developer Framework Desktop Integrator

Answer: D

Question 2

Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?

A : neral Ledger - Journal Transaction Balances Real Time

B : neral Ledger – Journal Balances Real Time

C : neral Ledger – Summary Journals Real Time

D : neral Ledger – Journals Real Time

Answer: D

Question 3

Your company has a legal entity in the UK, US, and CanadA. They can all share the same chart of accounts

but are required to transact and report in their local currency.

What is the minimum number of ledgers you need and why?

A : One, because they can all share the same chart of accounts

B : Three, because each requires a different currency

C : Two, because the US and Canada can share the same ledger because they are in North America

D : Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting

Answer: B

Question 4

Which two statements are true about infotiles and infolets?

A : You can refresh infolets to see up-to-date data.

B : Infotiles pull data from a Smart View analysis.

C : Infolets are accessed only from the News Feed home page layout.

D : You can create your own user-defined infolets.

E : Infotiles have Front view. Back view, and Expanded view.

Answer: A,C

Question 5

All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle’s recommended approach to performing consolidations?

A : anslate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program

B : anslate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.

C : eate separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.

D : Oracle Hyperion Financial Management for this type of complex consolidation.

Answer: A

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Total 149 Questions | Updated On: Jan 09, 2025

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