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Oracle 1z0-1054-25 Exam Syllabus Topics:
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NEW QUESTION # 17
You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?
- A. Freeze the Intercompany Journal source in General Ledger.
- B. Close the General Ledger period in the Manage Accounting Periods page.
- C. Close Intercompany periods in Fusion Intercompany.
- D. Close all subledger periods.
Answer: C
NEW QUESTION # 18
You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?
- A. Redefine the location structure.
- B. Define the Geography Validation for Country option to Error.
- C. Redefine the geography hierarchy.
- D. Define the Geography Validation for Country option to No Validation.
Answer: B
Explanation:
Geography validation is a feature that enables you to validate the address information entered for a location against the geography hierarchy defined for a country. You can set the Geography Validation for Country option to one of the following values:
No Validation: No validation is performed on the address information.
Warning: A warning message is displayed if the address information does not match the geography hierarchy, but the user can still save the address.
Error: An error message is displayed if the address information does not match the geography hierarchy, and the user cannot save the address until the error is corrected. To ensure that only valid addresses are entered in the system, you should set the Geography Validation for Country option to Error. This will prevent users from saving erroneous address data and enforce data quality and accuracy. References:
Oracle Financials Cloud: Enterprise Structures with General Ledger Implementation, Chapter 2: Define Geographies, Section: Geography Validation Oracle Financials Cloud: Implementing Enterprise Structures and General Ledger, Chapter 2: Define Geographies, Section: Geography Validation
NEW QUESTION # 19
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?
- A. 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.
- B. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
- C. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
- D. 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.
Answer: B
NEW QUESTION # 20
Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)
- A. Scheduled Processes
- B. Business Process Management Workspace
- C. Universal Content Management Workspace
- D. Enterprise Performance Management Workspace
- E. Reports and Analytics
Answer: D,E
Explanation:
The two options that allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis are Reports and Analytics and Enterprise Performance Management Workspace. Reports and Analytics is a tool that allows users to access, create, edit, and share reports and analyses using data from various sources, including Oracle Transactional Business Intelligence. Users can access Reports and Analytics from various pages in Oracle Fusion Applications or from Oracle Fusion Cloud Service Console. Enterprise Performance Management Workspace is a tool that allows users to access, create, edit, and share reports and analyses using data from various sources, including Oracle Transactional Business Intelligence. Users can access Enterprise Performance Management Workspace from Oracle Fusion Cloud Service Console or from a web browser. Universal Content Management Workspace is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to manage documents and other digital content in Oracle Fusion Applications. Business Process Management Workspace is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to monitor and manage business processes in Oracle Fusion Applications. Scheduled Processes is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to submit, monitor, and manage scheduled processes in Oracle Fusion Applications. Reference: Oracle FinancialsCloud: General Ledger 2022 Implementation Professional Objectives - Use Oracle Transactional Business Intelligence (OTBI) 12
NEW QUESTION # 21
InFinancial Cloud, which three reporting tools can be used to accessGeneral Ledger balances?
- A. Smart View
- B. Oracle Transactions Business Intelligence
- C. Financial Reporting Studio
- D. Application Composer
- E. Oracle Enterprise Repository
Answer: A,B,C
NEW QUESTION # 22
Your organization has implemented a global Chart of Accounts, which is used by all ledgers. It has the following segments: Company, Department, Account, Intercompany and Future.
Your business practice allows for one intercompany receivable natural account and one intercompany payable natural account.
What is the minimum level for configuring intercompany balancing rules?
- A. Ledger Rules
- B. Chart of Accounts Rules
- C. Legal Entity Rules
- D. Primary Segment Rules
Answer: B
NEW QUESTION # 23
You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?
- A. the transaction category
- B. the transaction source
- C. the transaction batch
- D. the transaction type
Answer: D
Explanation:
According to Oracle documentation2, you enable invoicing for certain Intercompany transactions on the transaction type. The transaction type defines the characteristics of an intercompany transaction, such as whether it requires approval, whether it generates invoices, and what accounting rules apply. You can enable invoicing for a transaction type by selecting the Invoicing Options tab and choosing the invoice method, invoice source, invoice batch source, and invoice rule. Therefore, option D is correct. Option A is incorrect because you do not enable invoicing on the transaction batch. Option B is incorrect because you do not enable invoicing on the transaction category. Option C is incorrect because you do not enable invoicing on the transaction source.
NEW QUESTION # 24
You attempt to activate a tree version, but the audit process fails. In which two ways can you resolve this?
- A. Run the Chart of Accounts Deployment process.
- B. Make sure all users sign out of the calculation manager.
- C. Ensure that you do not assign children to child values.
- D. Run the Publish Chart of Accounts Dimension Members and Hierarchies program.
- E. Ensure that parent values have the summary attributes set correctly.
Answer: C,E
NEW QUESTION # 25
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?
- A. You must publish a sandbox.
- B. You must activate Page Composer.
- C. You must create a dashboard.
- D. You must define your OTBl analyses.
- E. You must be in a sandbox.
Answer: B,E
NEW QUESTION # 26
You are required to changetoday's daily ratesfor convertingGBP to USD. What are three ways in which you can update existing daily rates?
- A. Import daily rates through the Daily Rates open interface table.
- B. Edit existing transactions and update the rates manually.
- C. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.
- D. Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area.
- E. Use the spreadsheet loader from the Currency Rates Manager.
Answer: A,D,E
NEW QUESTION # 27
You are implementingFinancials Cloudand are usingspreadsheetsto loadLegal Entities, Business Units, and Account Hierarchies.
Which threesetup objectscan be loaded via aspreadsheetfromFunctional Setup Manager?
- A. Suppliers and Customers
- B. Complete Accounting Configuration
- C. Setup data for Receivables and Payables product.
- D. Banks, Bank Accounts, and Branches
- E. Chart of account values, accounting calendar, and ledger
Answer: A,D,E
NEW QUESTION # 28
What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?
- A. Transaction Objects
- B. Accounting Attributes
- C. Event Entities
- D. Mapping Sets
Answer: A
NEW QUESTION # 29
Which two statements are true about infotiles and infolets?
- A. You can refresh infolets to see up-to-date data.
- B. You can create your own user-defined infolets.
- C. Infotiles pull data from a Smart View analysis.
- D. Infotiles have Front view. Back view, and Expanded view.
- E. Infolets are accessed only from the News Feed home page layout.
Answer: A,D
Explanation:
Infotiles and infolets are graphical components that display key information and metrics on the General Accounting dashboard. They help users access many sources of information across the enterprise in an efficient, timely, and engaging manner. Infolets can be refreshed to see up-to-date data by clicking the Refresh icon on the infolet. Infotiles have three views: Front view, which shows a summary of the most important information; Back view, which shows additional details and actions; and Expanded view, which shows a full-screen view of the infotile content. References:
* Oracle Financials Cloud: Using General Ledger, Chapter 6: Financial Reporting and Analysis, Section:
General Accounting Infolets
* Oracle Financials Cloud: Implement General Ledger, Chapter 1: Overview of Oracle Financials Cloud, Section: Overview of Using Infolets to Identify Issues and Prioritize Tasks
NEW QUESTION # 30
When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets.
When defining new related value sets, which three configuration steps should be considered?
- A. Link multiple value sets together
- B. Link two value sets together
- C. Use table validated type value sets only
- D. Use independent validation type value sets only
- E. Order of the segments does not determine filtering sequence.
- F. Order of the segments determines filtering sequence
Answer: B,D,F
NEW QUESTION # 31
The Journal Import process pulls information from the GL Interface table to create valid, postable journal entries in General Ledger.
Which two statements are true about the Journal Import process?
- A. Any error transactions from Oracle Subledgers can be easily deleted and resubmitted.
- B. The process validates all your data before it creates journal entries in General Ledger.
- C. You can only validate and select to transfer journal data in the Summary mode.
- D. FBDI can be used to upload journal entry data from external sources into General Ledger.
Answer: B,D
NEW QUESTION # 32
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
- A. Ad Hoc Analysis
- B. Smart Queries
- C. Smart Slices
- D. Query Designer
Answer: A
Explanation:
To create an Income Statement using Smart View, you should use Ad Hoc Analysis. Ad Hoc Analysis is a Smart View tool that allows users to view and analyze financial data from General Ledger Cloud using Essbase cubes. Users can create reports such as Income Statements or Balance Sheets by selecting dimensions and members from Essbase cubes and retrieving data into Excel worksheets. Users can also perform actions such as drilling down, pivoting, zooming in or out, or expanding or collapsing members
NEW QUESTION # 33
You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
* 01-000-4110-00
* 01-000-5299-000
* 01-000-5105-000
* 01-000-7640-00
Which two statements aretrueregardingcross-validation rules?
- A. The rules validate and apply tonew accounts only.
- B. You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
- C. There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.
- D. The rules will validate and apply tonew and existing accounts.
- E. You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
Answer: D,E
NEW QUESTION # 34
What is the key function of currency revaluation?
- A. Measuring the current financial transactions that are denominated or stated in an accounting (local) currency into the functional currency of the entity
- B. Converting the accounted balances from one currency to another target currency
- C. Adjusting the accounted value of foreign currency denominated balances according to current conversion rates
Answer: C
NEW QUESTION # 35
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?
- A. 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.
- B. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
- C. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
- D. 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.
Answer: B
NEW QUESTION # 36
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