Nov-2025 Free 1z0-1054-24 Test Questions Real Practice Test Questions [Q40-Q65]

Nov-2025 Free 1z0-1054-24 Test Questions Real Practice Test Questions

1z0-1054-24 Dumps Updated Nov 19, 2025 WIith 87 Questions

NEW QUESTION # 40
Which two statements are true regarding the export/import of reports?

• A. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
• B. A set of reports lists user names, suppliers, and customers that have been exported/imported.
• C. The export/import reports are available only for Fusion Customer Relationship Management.
• D. Reports on setup data can be used to compare and analyze how the data might have changed over time.
• E. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.

Answer: D,E

NEW QUESTION # 41
You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'

• A. Reconcile
• B. Financial Category
• C. End Date
• D. Third Party Control Account
• E. Start Date

Answer: B

NEW QUESTION # 42
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. Adjustment only level
• B. FBDI level
• C. Subledger level
• D. Balance level
• E. Journal level

Answer: A

Explanation:
The adjustment only level is the data conversion level that ensures only manual journals will be entered in the secondary ledger. This level means that no data is copied from the primary ledger to the secondary ledger automatically. Instead, the user can enter manual adjustments in the secondary ledger to reflect the differences between the two accounting standards. This level issuitable for scenarios where the accounting methods or charts of accounts are very close between the primary and secondary ledgers, and there is no need to maintain detailed journals or subledger transactions in the secondary ledger. References: Primary Ledgers, Secondary Ledgers, and Reporting Currencies, High Volume Data Migration Considerations for General Ledger, Reporting Currencies - Conversion Level Balance

NEW QUESTION # 43
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 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

• A. You have an unrealized exchange loss recorded.
• B. The original journal entry in Euros is updated.
• C. The original journal entry in Euros remains the same.
• D. You have an unrealized exchange gain recorded.
• E. There is no unrealized exchange gain or loss calculated.

Answer: A,C

Explanation:
The revaluation process is used to adjust account balances denominated in a foreign currency. Revaluation adjustments represent the difference in account balances due to changes in conversion rates between the date of the original journal and the revaluation date. These adjustments are posted through journal entries to the underlying account with the offset posted to an unrealized gain or loss account. The two statements that are true about the resulting revaluation run are:
* You have an unrealized exchange loss recorded: Since the ledger currency (USD) has depreciated against the foreign currency (Euro) from the date of the original journal to the revaluation date, the account balance in USD has increased. This means that you have a loss on the

NEW QUESTION # 44
Which two statements are true regarding the Translation process? (Choose two.)

• A. If necessary, before submitting the Translation process, the Revaluation process should be completed.
• B. The Translation process can only be used for translating the balances of Secondary ledgers.
• C. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
• D. The Translation process should be run before posting Period Close adjustment entries.
• E. The Translation process can only be used to translate balance sheet accounts.

Answer: A,C

Explanation:
According to Oracle documentation1, the following statements are true regarding the Translation process:
Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account, and if necessary, before submitting the Translation process, the Revaluation process should be completed. The Translation process enables you to translate balances from one currency to another for reporting purposes.
The Translation process calculates any difference between the translated balance and the entered balance and posts it to the Cumulative Translation Adjustment account. The Revaluation process enables you to adjust balances denominated in foreign currencies to reflect current exchange rates. The Revaluation process should be completed before the Translation process to ensure that the balances are accurate. Therefore, options A and B are correct. Option C is incorrect because the Translation process should be run after posting Period Close adjustment entries. Option D is incorrect because the Translation process can be used for translating the balances of primary ledgers, secondary ledgers, and reporting currencies. Option E is incorrect because the Translation process can be used to translate both balance sheet accounts and income statement accounts.

NEW QUESTION # 45
Which two are valid Data Access Set types? (Choose two.)

• A. Read and Write access
• B. Primary Balancing Segment Value
• C. Full Ledger
• D. Full access
• E. Read Only access

Answer: D,E

Explanation:
The two valid Data Access Set types are Full access and Read Only access. A Data Access Set is a security feature that defines the access level that users have to ledger data, such as balances, budgets, or journals. A Data Access Set type is an attribute that determines the type of access that users have to ledger data within a Data Access Set. The two valid Data Access Set types are Full access and Read Only access. Full access allows users to view and enter data for ledger data within a Data Access Set. Read Only access allows users to view but not enter data for ledger data within a Data Access Set. Full Ledger is not a valid Data Access Set type, but an option that determines whether a Data Access Set grants access to all balancing segment values in a ledger or only specific balancing segment values. Primary Balancing Segment Value is not a valid Data Access Set type, but an attribute that identifies the legal entity or business unit for which financial statements are prepared and balanced. Read and Write access is not a valid Data Access Set type, but an alternative term for Full access. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers 12

NEW QUESTION # 46
There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

• A. Journal Level
• B. Subledger level
• C. Spreadsheet level
• D. Balances Level
• E. Adjustment only level

Answer: D

Explanation:
According to Oracle documentation, when there is a business requirement for a subsidiary company to report to the parent company on a monthly basis with different currencies and no requirement to have daily balances, you should recommend Balance level as the data conversion level. A Balance level data conversion level enables you to translate balances from one currency to another at month-end or quarter-end for reporting purposes. A Balance level data conversion level minimizes the data stored in the reporting currency because it does not store daily balances or journal details. Therefore, option D is correct. Option A is incorrect because a Subledger level data conversion level stores daily balances and journal details in the reporting currency.
Option B is incorrect because a Journal Level data conversion level stores journal details in the reporting currency. Option C is incorrect because an Adjustment only level data conversion level does not translate balances from one currency to another. Option E is incorrect because a Spreadsheet level data conversion level does not exist.

NEW QUESTION # 47
You want to automatically post journal batches imported from subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?

• A. Schedule your AutoPost Criteria set to run during off-peak hours only.
• B. Create your AutoPost criteria using minimal sources and categories.
• C. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
• D. Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.

Answer: C,D

NEW QUESTION # 48
You are reconciling yourPayablesandReceivablesbalances against theGeneral Ledger. You are using the Payables to Ledger Reconciliation report.
You notice discrepancies between the balances in thesubledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

• A. Subledger transactions have been accounted and transferred to General Ledger but have not been posted.
• B. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
• C. All subledger transactions have been entered but do not have complete accounting.
• D. Intercompany transactions have not been fully processed.
• E. Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet.

Answer: A,D,E

NEW QUESTION # 49
Your userforgot the password. How do you resolve this?

• A. Create a new user ID and password for the user.
• B. Use the Manage Users page to update the user's information and change the password.
• C. Use Access Policy Manager (APM) to reset the user's password.
• D. Use Oracle Identity Management (OIM) to reset the user's password.
• E. Log in to the user's machine as an Administrator and change the password from the login password.

Answer: D

NEW QUESTION # 50
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?

• A. Smart View
• B. Financial Statement Generator
• C. Account Inspector
• D. Financial Reporting Studio

Answer: A,D

Explanation:
Smart View and Financial Reporting Studio are two reporting tools that allow you to create and include charts such as bar graphs in your financial statements. Smart View is a multidimensional pivot analysis tool that enables you to interactively analyze your balances and define reports using a familiar spreadsheet environment. You can also insert charts and graphs to visualize your data. Financial Reporting Studio is a tool that lets you design and format financial reports using data from the Oracle General Ledger balances cube.
You can also add charts and graphs to enhance your reports and display data trends. References:
* Overview of Financial Reporting Center, Oracle Cloud Applications Financials 23B, https://docs.oracle.
com/en/cloud/saas/financials/23b/faiah/overview-of-financial-reporting-center.html
* Using Smart View with Oracle Financials Cloud, Oracle Cloud Applications Financials 23B,
https://docs.oracle.com/en/cloud/saas/financials/23b/fasvf/using-smart-view-with-oracle-financials- cloud.html
* Creating Financial Reports, Oracle Cloud Applications Financials 23B, https://docs.oracle.com/en/cloud
/saas/financials/23b/farug/creating-financial-reports.html

NEW QUESTION # 51
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. Basis
• B. Target
• C. Allocation Range
• D. Offset
• E. Source

Answer: E

Explanation:
The source is where you specify the amount to be allocated. You can use various sources, such as account balances, fixed amounts, or statistical balances. In this case, you want to use the statistical balance of the floor area as the source of the allocation. The basis is where you specify the driver or factor that determines how the source amount is distributed among the targets. The target is where you specify the destination accounts that receive the allocated amount. The offset is where you specify the account that records the opposite side of the allocation entry. The allocation range is where you specify the scope of the allocation, such as the ledger, balancing segment, or legal entity. References:
* Oracle Financials Cloud Implementing Enterprise Structures and General Ledger, Chapter 3:
Allocations and Periodic Entries, Allocation Components
* Oracle Financials Cloud Using General Ledger, Chapter 3: Allocations and Periodic Entries, Overview

NEW QUESTION # 52
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 two value sets together
• B. Order of the segments determines filtering sequence
• C. Order of the segments does not determine filtering sequence.
• D. Link multiple value sets together
• E. Use table validated type value sets only
• F. Use independent validation type value sets only

Answer: A,B,F

NEW QUESTION # 53
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 the tree is active.
• B. Make sure the tree version was published successfully.
• C. Make sure to flatten the rows of the tree version.
• D. Redeploy the chart of accounts.

Answer: B

NEW QUESTION # 54
What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

• A. Set the status of a tree to active.
• B. Optimize parent/child relationships.
• C. Verify correctness of trees.
• D. View information for runtime performance.
• E. Create additional versions of a tree.

Answer: A,C

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 # 55
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?

• A. Pending Intercompany Transactions
• B. Intercompany Transactions are completed
• C. Pending Transaction in General Ledger Interface
• D. No pending transaction in the General Ledger Interface table

Answer: A,B,C

NEW QUESTION # 56
Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)

• A. Reports and Analytics
• B. Universal Content Management Workspace
• C. Scheduled Processes
• D. Business Process Management Workspace
• E. Enterprise Performance Management Workspace

Answer: A,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 OracleTransactional 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 # 57
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 geography hierarchy.
• B. Define the Geography Validation for Country option to Error.
• C. Redefine the location structure.
• 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 # 58
TheDelete Translated Balancesprocess provides the ability to completely reset translations in the event that significant changesare made to the accounting configuration.
Once the deletion process completes, what additional process must you run?

• A. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• B. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• C. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• D. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Answer: A

NEW QUESTION # 59
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle's recommended practice when this occurs?

• A. Rerun Revaluation and then rerun Translation.
• B. Translate only the adjusting journal entry.
• C. Rerun Translation and then reconsolidate your results.
• D. Enter another adjusting journal entry in the target currency to true up the balances.

Answer: C

Explanation:
According to Oracle's documentation, if you enter and post additional journal entries in your ledger currency after you run translation, you should rerun translation for the entire ledger or ledger set to ensure that all balances are translated using the same exchange rates. Then, you should reconsolidate your results to reflect the updated translated balances. References:
* Using General Ledger, page 9-7: "If you enter and post additional journal entries in your ledger currency after you run translation, you should rerun translation for the entire ledger or ledger set."
* Using General Ledger, page 9-8: "After you run translation, you can consolidate your results to create a consolidated balance sheet and income statement."
* Implement General Ledger, page 2-10: "You can translate and consolidate balances as part of the period close process."

NEW QUESTION # 60
You are required to changetoday's daily ratesfor convertingGBP to USD. What are three ways in which you can update existing daily rates?

• A. Use the spreadsheet loader from the Currency Rates Manager.
• B. 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.
• C. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.
• D. Import daily rates through the Daily Rates open interface table.
• E. Edit existing transactions and update the rates manually.

Answer: A,B,D

NEW QUESTION # 61
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. Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
• B. Budgeting is not enabled in the Ledger options.
• C. Transfer Budget Balances to Budget Cubes has not been run.
• D. The Create Scenario Dimension Members program has not been run.
• E. A value for the budget scenario is not created.

Answer: D,E

Explanation:
To use the Create Budgets in a Spreadsheet option, you need to have a budget scenario value and a scenario dimension member for your budget. A budget scenario value is a user-defined value that identifies a budget, such as FYXX Budget. A scenario dimension member is a member of the scenario dimension in the General Ledger balances cube that corresponds to a budget scenario value, such as FYXX_Budget. You can create budget scenario values and scenario dimension members using the Manage Budget Scenario Values task or the Create Scenario Dimension Members program. If you do not create these values and members, your budget will not appear in the Budget Name list of values in the spreadsheet. Therefore, the two reasons for your issue are:
* A value for the budget scenario is not created: You need to create a budget scenario value for your budget using the Manage Budget Scenario Values task. This task enables you to define and maintain budget scenario values and their attributes, such as description, start date, end date, and status. You can also specify whether the budget scenario value is enabled for budgeting and reporting. You need to enable the budget scenario value for budgeting to use it in the spreadsheet.
* The Create Scenario Dimension Members program has not been run: You need to run the Create Scenario Dimension Members program to create scenario dimension members for your budget scenario values. This program automatically creates scenario dimension members for all budget scenario values that are enabled for budgeting and do not have existing scenario dimension members. You can run this program manually or schedule it to run periodically. You need to run this program after you create or update budget scenario values to ensure that they are reflected in the scenario dimension.
References:
* Create Budgets in a Spreadsheet
* Manage Budget Scenario Values
* Create Scenario Dimension Members

NEW QUESTION # 62
Which two statements are true about infotiles and infolets?

• A. Infolets are accessed only from the News Feed home page layout.
• B. Infotiles have Front view. Back view, and Expanded view.
• C. You can refresh infolets to see up-to-date data.
• D. You can create your own user-defined infolets.
• E. Infotiles pull data from a Smart View analysis.

Answer: B,C

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 # 63
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 only 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, and the funds available $50,000 USD 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: D

NEW QUESTION # 64
You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

• A. You can have only one version of a hierarchy published to the Essbase cube at any time.
• B. Hierarchies for reporting and allocations have to be published to Essbase cubes.
• C. Child values in these hierarchies can belong to only one parent.
• D. Hierarchies for reporting and allocations do not have to be published to Essbase cubes.

Answer: A,C

Explanation:
According to the Oracle documentation34, account hierarchies are defined in Oracle Fusion applications using tree functionality. Each account hierarchy is defined as a tree with one or more versions. You can have only one version of a hierarchy published to the Essbase cube at any time (option A). Child values in these hierarchies can belong to only one parent (option D). Option B is incorrect becausehierarchies for reporting and allocations must be published to Essbase cubes5. Option C is incorrect because it contradicts option B.

NEW QUESTION # 65
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