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Oracle 1z0-1054-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Using Financial Reporting: This section of the exam measures the skills of an Implementation Consultant and covers the use of financial reporting tools in Oracle Financials Cloud. It explains how to work with the Financial Reporting Center, create and manage reports using Financial Reporting Web Studio, use Oracle Transactional Business Intelligence (OTBI), leverage Smart View for reporting, and utilize the General Accounting Dashboard. It also describes analyzing budgets versus actuals with these tools.
Topic 2	Configuring Enterprise and Financial Reporting Structures: This section of the exam measures the skills of an Implementation Consultant and covers the setup of enterprise structures necessary for financial reporting. It includes configuring the chart of accounts, setting up account hierarchies, managing accounting calendars, securing chart of accounts segments, and handling legal jurisdictions, authorities, legal entities, geographies, and currencies to support an organization's financial operations.
Topic 3	Managing Period Close Components: This section of the exam measures the skills of a Financial Consultant and covers activities necessary to complete a successful period close. It explains managing revaluations, translations, and consolidations, handling reconciliations, configuring the Close Monitor to track period close status, and creating allocations and periodic journal entries needed for finalizing accounting records.
Topic 4	Processing Journals: This section of the exam measures the skills of a Financial Consultant and covers the processes involved in capturing and managing journals. It explains how to configure journal approval workflows, outlines methods for entering journals, discusses average daily balance processing, and details the configuration and processing of intercompany transactions.
Topic 5	Configuring Ledgers: This section of the exam measures the skills of an Implementation Consultant and focuses on setting up and maintaining ledgers. It explains managing ledger configurations, understanding the General Ledger balances cube for reporting purposes, and applying security controls to protect ledger data and ensure proper access management.

Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q80-Q85):

NEW QUESTION # 80
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
B. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
C. The report displays all clearing company balancing lines for a period.
D. The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
E. The report displays the intercompany receivables and intercompany payables balances in summary for a period.

Answer: B,D

Explanation:
According to the Oracle documentation12, the Intercompany Reconciliation Report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison (option C). The report also includes ledger balancing lines generated when the primary balancing segment value is in balance, but either the second or third balancing segment values are not (option B). Option A is incorrect because you can drill down to the general ledger journal, subledger accounting entry, and source receivables or payables transaction2. Option D is incorrect because the report displays the intercompany receivables and intercompany payables balances in summary for a period, and any differences between them1
. Option E is incorrect because the report does not display clearing company balancing lines2.

NEW QUESTION # 81
After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

A. Profile option
B. Journal sources
C. Journal category
D. Ledger options
E. Journal lookup codes

Answer: B,D

Explanation:
To achieve the requirement of only single currency journals being entered for this company, you should enable "Limit a Journal to a Single Currency" on both ledger options and journal sources. Ledger options are settings that apply to a specific ledger, such as journal processing options, currency options, and average balance processing options. Journal sources are identifiers that indicate where a journal originated, such as manual entry, subledger accounting, or import. You can enable "Limit a Journal to a Single Currency" on both ledger options and journal sources using the Specify Ledger Options and Manage Journal Sources tasks in Setup and Maintenance. This will enforce single currency journals for journals entered on the Create Journal page and for journals that are imported. You do not need to enable "Limit a Journal to a Single Currency" on journal lookup codes, as these are codes that indicate the status of a journal, such as Entered, Posted, or Reversed. You do not need to enable "Limit a Journal to a Single Currency" on journal category, as this is an attribute that classifies journals by purpose or function, suchas Purchase Invoices or Allocations.
You do not need to enable "Limit a Journal to a Single Currency" on profile option, as this is a setting that affects the behavior of an application or feature for a user or responsibility. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers 12

NEW QUESTION # 82
Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

Answer:

Explanation:
See the Explanation for the complete Solution.
Explanation:
Here are the steps you need to follow:
* Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structures.
* Click on the Create icon to create a new Chart of Accounts Structure. Enter the following information:
* Structure Code: 07COA
* Structure Name: 07 Chart of Accounts
* Description: Chart of Accounts for candidate 07
* Number of Segments: 5
* Click on the Next button to define the segments. Enter the following information for each segment:
* Segment Number: 1
* Segment Name: Company
* Value Set Code: 07Corporate Company
* Value Set Name: 07 Corporate Company
* Maximum Size: 3
* Balancing: Yes
* Segment Label: Company
* Segment Number: 2
* Segment Name: Cost Center
* Value Set Code: 07Corporate Cost Center
* Value Set Name: 07 Corporate Cost Center
* Maximum Size: 4
* Balancing: No
* Segment Label: Cost Center
* Segment Number: 3
* Segment Name: Account
* Value Set Code: 07Corporate Account
* Value Set Name: 07 Corporate Account
* Maximum Size: 8
* Balancing: No
* Segment Label: Natural Account
* Segment Number: 4
* Segment Name: Product
* Value Set Code: 07Corporate Product
* Value Set Name: 07 Corporate Product
* Maximum Size: 3
* Balancing: No
* Segment Label: Product
* Segment Number: 5
* Segment Name: Intercompany
* Value Set Code: 07Corporate Company
* Value Set Name: 07 Corporate Company
* Maximum Size: 3
* Balancing: No
* Segment Label: Intercompany
* Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure.
* Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structure Instances.
* Click on the Create icon to create a new Chart of Accounts Structure Instance. Enter the following information:
* Structure Code: 07COA
* Structure Name: 07 Chart of Accounts
* Description: Chart of Accounts for candidate 07
* Chart of Accounts Structure: 07COA
* Enabled: Yes
* Allow Dynamic Inserts: Yes
* Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure Instance.
You have successfully created a Chart of Accounts Structure and Instance for the given scenario. For more information, you can refer to the following resources:
* Chart of Accounts Structures and Instances
* Chart of Accounts Components
* Minimum Steps For Financial Enterprise Structures Configuration
* Overview of Creating and Configuring Chart of Accounts Structure and Instances

NEW QUESTION # 83
You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

A. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
B. Address Cleansing
C. Geocoding
D. Validation

Answer: C

Explanation:
According to Oracle documentation1, you should enable geocoding to achieve the requirement of finding points of interest, such as customers, while out on business. Geocoding is the process of assigning geographic coordinates to a physical address. Geocoding enables you to use maps and location-based services to find and visualize points of interest. Therefore, option B is correct. Option A is incorrect because HZ_GEO_IDENTIFIER_SUBTYPE Lookup is not a feature that enables finding points of interest. Option C is incorrect because validation is not a feature that enables finding points of interest. Option D is incorrect because address cleansing is not a feature that enables finding points of interest.

NEW QUESTION # 84
An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

A. Ledger-level rule
B. Legal entity-level rule
C. Primary balancing segment rule
D. Chart of accounts rule

Answer: C

Explanation:
When balancing an intercompany journal, Oracle Fusion Cloud will first look for a primary balancing segment rule that matches the provider and receiver primary balancing segment values. If such a rule exists, it will be used to generate the intercompany receivables and payables accounts. If not, Oracle Fusion Cloud will look for a chart of accounts rule, then a legal entity-level rule, and finally a ledger-level rule. The primary balancing segment rule has the highest priority and the ledger-level rule has the lowest priority. References:
* Overview of Intercompany Balancing Rules
* Intercompany Balancing Rules
* Troubleshooting Guide For Intercompany Balancing
* Example of Generating Intercompany Receivables and Intercompany Payables Accounts

NEW QUESTION # 85
......

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ORACLE 1Z0-1054-24 LATEST EXAM FORUM, 1Z0-1054-24 PDF DUMPS

Oracle 1z0-1054-24 Latest Exam Forum, 1z0-1054-24 Pdf Dumps