Free Oracle 1Z0-1054-25 Exam Questions

Become Oracle Certified with updated 1Z0-1054-25 exam questions and correct answers

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Total 170 Questions | Updated On: Apr 24, 2025

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Question 1

You are reconciling your Payables and Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between the balances in the subledgers, subledger accounting, and general ledger. Which three factors are responsible for these out-of-balance situations?

A : Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet.

B : There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

C : All subledger transactions have been entered but do not have complete accounting.

D : Intercompany transactions have not been fully processed.

E : Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

Answer: A,D,E

Question 2

You are required to change today’s daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?

A : Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.

B : Edit existing transactions and update the rates manually.

C : Use the spreadsheet loader from the Currency Rates Manager.

D : Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger’s Period Close work area.

E : Import daily rates through the Daily Rates open interface table.

Answer: C,D,E

Question 3

You are using account hierarchies for reporting and allocations. Which two statements are true about these types of hierarchies? (Choose two.)

A : You can have only one version of a hierarchy published to the Essbase cube at any time.

B : Hierarchies for reporting and allocations do not have to be published to Essbase cubes.

C : Hierarchies for reporting and allocations have to be published to Essbase cubes.

D : Child values in these hierarchies can belong to only one parent.

Answer: A,C

Question 4

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

Question 5

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

Page: 1 / 34

Total 170 Questions | Updated On: Apr 24, 2025

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