Free Oracle 1Z0-1054-25 Exam Questions

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

Page: 1 / 41

Total 204 Questions | Updated On: Dec 18, 2025

Add To Cart

Question 1

What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A : Mapping Sets

B : Accounting Attributes

C : Transaction Objects

D : Event Entities

Answer: C

Question 2

What are The two advantages of having an intercompany segment in the Chart of Accounts?

A : Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.

B : Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.

C : Assists reconciling intercompany transactions and helps identify elimination entries.

D : Enables balancing of many to-many primary balancing segment value journals and many to many legalentity journals

Answer: A,C

Question 3

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

A : Account Monitor

B : Financial Reports with Embedded charts

C : Smart View

D : Account Inspector and its charts

Answer: A

Question 4

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 5

A subsidiary company, in a highly regulated country, where there is a legal requirement to produce fiscal

reports under local GAAP, is about to configure their General Ledger.

Given the following:

Subledgers transferring to general ledger must use the local currency.

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 address this reporting requirement? (Choose two.)

A : a primary ledger with the local accounting convention

B : a reporting currency with the IFRS accounting convention

C : a primary ledger with the IFRS accounting convention

D : a secondary ledger with the IFRS accounting convention

E : a reporting currency with the local accounting convention

Answer: A,D

Page: 1 / 41

Total 204 Questions | Updated On: Dec 18, 2025

Add To Cart