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: Feb 19, 2025

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Question 1

You are setting up Close Monitor, which compromises a ledger set hierarchy definition.

Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)

A : Accounting Calendar

B : Legal Entities, Business Units, and Chart of Accounts

C : Chart of Accounts

D : Chart of Accounts and Business Units

E : Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method

Answer: A,C

Question 2

You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation. Where do you reference the statistical balance within the allocation component?

A : Source

B : Allocation Range

C : Target

D : Offset

E : Basis

Answer: A

Question 3

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 4

In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A : ers have very little control their Springboards and Work Areas; they can only resize columns

B : ey can use Personalization to move and remove regions from those pages

C : ey can have the System Administration customize pages for them using Page Composer

D : ey can format each table by hiding and showing columns, moving columns, and resizing columns

Answer: B,D

Question 5

A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close. Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

A : Journal level

B : Subledger level

C : FBDI level

D : Balance level

E : Adjustment only level

Answer: E

Page: 1 / 30

Total 149 Questions | Updated On: Feb 19, 2025

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