Free Oracle 1Z0-1054-24 Exam Questions

Question 1

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

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

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

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

Answer: D

Question 2

When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets. When defining new related value sets, which three configuration steps should be considered?

A : Link two value sets together

B : Use independent validation type value sets only

C : Order of the segments determines filtering sequence

D : Use table validated type value sets only

E : Link multiple value sets together

F : Order of the segments does not determine filtering sequence.

Answer: A,B,C

Question 3

How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

A : thing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage

B : Rs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers

C : Rs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

D : CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.

Answer: C

Question 4

Your user forgot the password. How do you resolve this?

A : Use the Manage Users page to update the user's information and change the password.

B : Create a new user ID and password for the user.

C : Log in to the user's machine as an Administrator and change the password from the login password.

D : Use Oracle Identity Management (OIM) to reset the user's password.

E : Use Access Policy Manager (APM) to reset the user's password.