Free Oracle 1Z0-1054-26 Exam Questions

Become Oracle Certified with updated 1Z0-1054-26 exam questions and correct answers

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Total 204 Questions | Updated On: Mar 13, 2026

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Question 1

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 2

Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD. What two statements are true about the resulting revaluation run?

A : There is no unrealized exchange gain or loss calculated.

B : You have an unrealized exchange loss recorded.

C : The original journal entry in Euros is updated.

D : The original journal entry in Euros remains the same.

E : You have an unrealized exchange gain recorded.

Answer: B,D

Question 3

You entered a cross-validation rule to prevent the balance sheet cost center (000)from being used with Profit and Loss Accounts (4000-ZZZZ). The following combinations exist in the Code Combination table: 01-000-4110-00 01-000-5299-000 01-000-5105-000 01-000-7640-00 Which two statements are true regarding cross-validation rules?

A : You need to run the Cross-Validation Rules process to list and optionally disabl combinations that violate rules.

B : You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules.

C : There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled for your chart of accounts instance.

D : The rules validate and apply to new accounts only.

E : The rules will validate and apply tonew and existing accounts.

Answer: B,E

Question 4

Which two statements are true about the Intercompany Reconciliation report?

A : It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

B : It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

C : It displays the intercompany receivables and intercompany payables balances in summary for a period.

D : You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.

E : It displays all clearing company balancing lines for a period.

Answer: B,C

Question 5

In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A : They can format certain tables by hiding and showing columns, moving columns, and resizing columns

B : Users have very little control configuring their Springboards and Work Areas; they can only resize columns

C : They can have the System Administrator configuring pages for them using Page Composer

D : They can use “+” under the Apps section of the News Feed homepage

Answer: A,D

Page: 1 / 41

Total 204 Questions | Updated On: Mar 13, 2026

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