Free Oracle 1Z0-1054-24 Exam Questions

Become Oracle Certified with updated 1Z0-1054-24 exam questions and correct answers

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Total 149 Questions | Updated On: Jan 14, 2025

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Question 1

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 2

On which three occasions are Essbase balances updated? (Choose three.)

A : every time the tree version is published

B : every time you run the batch program called “Update Essbase Balances”

C : every time you open a new period

D : every time journals are posted to the general ledger

E : at report run-time

Answer: B,C,D

Question 3

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

A : Universal Content Management Workspace

B : Reports and Analytics

C : Business Process Management Workspace

D : Enterprise Performance Management Workspace

E : Scheduled Processes

Answer: B,D

Question 4

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 : Oracle Hyperion Close Manager to automatically reconcile intercompany account balances

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

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

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

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

Answer: D

Question 5

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 : Subledger level

B : Journal Level

C : Adjustment only level

D : Balances Level

E : Spreadsheet level

Answer: D

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Total 149 Questions | Updated On: Jan 14, 2025

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