Free Oracle 1D0-1054-26-D Exam Questions

Question 1

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 : A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.

E : Reports on setup data can be used to compare and analyze how the data might have changed over time.

Answer: D,E

Question 2

A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and 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 fulfill this reporting requirement?

A : Reporting currency with the local accounting convention

B : Reporting currency with the IFRS accounting convention

C : Secondary ledger with the IFRS accounting convention

D : Primary ledger with the IFRS accounting convention

E : Primary ledger with the local accounting convention

Answer: C,E

Question 3

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

A : Translate only the adjusting journal entry

B : Rerun Translation and then reconsolidate your results

C : Rerun Revaluation and then rerun Translation

D : Enter another adjusting journal entry in the target currency to true up the balances

Answer: B

Question 4

Which two are valid Data Access Set types? (Choose two.)

A : Full access

B : Full Ledger

C : Primary Balancing Segment Value

D : Read and Write access

E : Read Only access

Answer: A,E

Question 5