Free Oracle 1D0-1054-25-D Exam Questions

Become Oracle Certified with updated 1D0-1054-25-D exam questions and correct answers

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Total 170 Questions | Updated On: Sep 11, 2025

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Question 1

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 : Translate 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 : Translate 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 : Create 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 : Use Oracle Hyperion Financial Management for this type of complex consolidation.

Answer: A

Question 2

Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

A : Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances

B : In Financials Cloud, you must manually reconcile your intercompany account balances

C : Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances

D : Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance

E : Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances

Answer: D

Question 3

You have set up a supporting reference with balances to capture revenue by account manager.

Which option should you use to view the supporting reference balances?

A : an Account Group

B : an OTBI analysis

C : a SmartView analysis

D : General Ledger inquiries and reports

Answer: B

Question 4

The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger

Options to match the cost center for the Rounding Account.

The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values for

the accountant to select in the Suspense Account.

What is the reason for this?

A : The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page

B : The general accountant has a segment value security rule assigned which restricts access to that cost center

C : There is a primary balancing segment attached to the legal entity of the primary ledger

D : A cross validation rule is in place to prevent the resulting combination from being created

Answer: D

Question 5

Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

A : Uncheck the Enable Posting from the Manage Subledger Accounting Options task.

B : Journal entry spreadsheets are not impacted by this new function.

C : Must have separate user defined roles using the privilegeXLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.

D : For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.

Answer: A,D

Page: 1 / 34

Total 170 Questions | Updated On: Sep 11, 2025

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