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: May 24, 2026

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Question 1

Which two can you use to import geographical data?

A : ADF desktop integration

B : SQL Data loader

C : File-based data import (FBDI)

D : Geographical data providers

Answer: C,D

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

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

The intercompany accountants on the cloud project are trying to reconcile intercompany balances using the latest intercompany reconciliation report. However, they have some concerns about the information presented in the report and want you to clarify the content in the standard reconciliation report. What is included in the intercompany reconciliation report?

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

B : It displays all clearing company balances for the period.

C : It displays the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

Answer: C

Question 5

What is the key function of currency revaluation?

A : Converting the accounted balances from one currency to another target currency

B : Adjusting the accounted value of foreign currency denominated balances according to current conversion rates

C : Measuring the current financial transactions that are denominated or stated in an accounting (local) currency into the functional currency of the entity

Answer: B

Page: 1 / 41

Total 204 Questions | Updated On: May 24, 2026

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