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: Jul 12, 2025

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Question 1

A subsidiary company, in a highly regulated country, where there is a legal requirement to produce fiscal

reports under local GAAP, is about to configure their General Ledger.

Given the following:

Subledgers transferring to general ledger must use the local currency.

There is a requirement to report to the parent company (not local currency) using International Financial

Reporting Standards (IFRS).

Which two ledger types should be configured to address this reporting requirement? (Choose two.)

A : a primary ledger with the local accounting convention

B : a reporting currency with the IFRS accounting convention

C : a primary ledger with the IFRS accounting convention

D : a secondary ledger with the IFRS accounting convention

E : a reporting currency with the local accounting convention

Answer: A,D

Question 2

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 3

Which two statements are true about the Intercompany Reconciliation report?

A : It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

B : It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

C : It displays the intercompany receivables and intercompany payables balances in summary for a period.

D : You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.

E : It displays all clearing company balancing lines for a period.

Answer: B,C

Question 4

Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)

A : While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing

B : While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning

C : Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit

D : While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving

E : Define budgetary control at ledger level and only encumbrance control at the business units

F : Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving

Answer: A,D

Question 5

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/19 was recorded for a

purchase order.

The invoice was entered on 5/5/19, but the invoice accounting date was 4/20/19. The encumbrance journal for

liquidating the purchase order encumbrance is dated 5/5/19.

What is causing this?

A : The actual accounting date was set up under the encumbrance accounting Default Date Rule

B : The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

C : The subledger accounting option is set to system date

D : The system date was set up under the encumbrance accounting Default Date Rule

E : The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule

Answer: B

Page: 1 / 34

Total 170 Questions | Updated On: Jul 12, 2025

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