Oracle 1Z0-1054-24 Exam Real Questions

Prepare and pass your Oracle Financials Cloud: General Ledger 2024 Implementation Professional with free 1Z0-1054-24 exam questions.

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Total 149 Questions | Updated On: Oct 10, 2024

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Question 1

Which two statements are true about infotiles and infolets?

A : You can refresh infolets to see up-to-date data.

B : Infotiles pull data from a Smart View analysis.

C : Infolets are accessed only from the News Feed home page layout.

D : You can create your own user-defined infolets.

E : Infotiles have Front view. Back view, and Expanded view.

Answer: A,C

Question 2

Your customer uses Financials Cloud, Projects, Inventory and Procurement.

Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A : ch product has its own Intercompany Accounting feature that needs to be set up separately

B : thin Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals

C : tercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management

D : ey need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub

Answer: B,C

Question 3

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use

segment value security rules for the Company segment.

What is Oracle’s recommended method to define this chart of accounts?

A : fine the company segment only and qualify it as both the primary balancing segment and intercompany segment

B : fine two different charts of accounts

C : are the same value set for the company and intercompany segments to reduce chart of accounts maintenance

D : two different value sets for the company and intercompany segment because segment value security rules are at the value set level

Answer: D

Question 4

You are setting up Close Monitor and want to view high-level profit and loss results for each ledger. What should you associate with the ledger set to achieve this?

A : OTBI report

B : Financial Reporting Web Studio report

C : Account group

D : Trial Balance report

Answer: B

Question 5

A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View. Which Smart View tool would be best for this?

A : Smart Slices

B : Smart Queries

C : Account Groups

D : Query Designer

Answer: D

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Total 149 Questions | Updated On: Oct 10, 2024

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