Get Oracle 1z0-1054-24 Dumps Questions [2026] To Gain Brilliant Result [Q12-Q36]

Get Oracle 1z0-1054-24 Dumps Questions [2026] To Gain Brilliant Result [Q12-Q36]

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Get Oracle 1z0-1054-24 Dumps Questions [2026] To Gain Brilliant Result

1z0-1054-24 dumps – Test4Engine – 100% Passing Guarantee

Oracle 1z0-1054-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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	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 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.

NO.12 Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)

Universal Content Management Workspace

Reports and Analytics

Business Process Management Workspace

Enterprise Performance Management Workspace

Scheduled Processes

NO.13 You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)

You have not saved it in the MyFolders directory.

You have not saved it in the Shared Folder/Custom/Financials directory.

You have not uploaded it to Financial Reporting Center.

You have not downloaded the report to your local drive.

NO.14 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?

Ledger-level rule

Legal entity-level rule

Chart of accounts rule

Primary balancing segment rule

NO.15 You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?

Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.

Set the relevant option on the Specify Ledger Options page.

Opt in to the Prevent Period Close option for the offering.

You don’t have to do anything; this option is enabled automatically.

NO.16 You are creating values for thechart of account value setthat you are planning to use for theaccount segment within yourChart of Accounts. You are not able to assign anAccount Type.
What is the reason for this?

The Account Type qualifier has not been enabled when defining the value set.

You have not set the Allow Budgeting attribute for the value set.

You are creating values before assigning the value set to the structure.

You have not set the Allow Posting attribute for the value set.

NO.17 You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

Fiscal Year

Calendar Year

Period

Year

NO.18 For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

Historical rates are converted into an average rate (original and new rate).

The existing historical rate is deleted.

Nothing, existing historical rates are not updated.

The historical rate is replaced.

NO.19 You are implementingFinancials Cloudand are usingspreadsheetsto loadLegal Entities, Business Units, and Account Hierarchies.
Which threesetup objectscan be loaded via aspreadsheetfromFunctional Setup Manager?

Complete Accounting Configuration

Suppliers and Customers

Banks, Bank Accounts, and Branches

Setup data for Receivables and Payables product.

Chart of account values, accounting calendar, and ledger

NO.20 Task 3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values

NO.21 Budgetary control for accounts5020and5021has a budget of$90,000 USDeach for the year2012. The accounts also have balances onobligation of $10,000 USDfor each and anexpenditure of $20,000 USDfor each.
AFund of $50,000 USDis available for account5020only. You have run theEncumbrance Year End Carry Forward processfor obligation from the last period of the year2012to the first period of year2013.
Which statement is true?

If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.

The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.

If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.

NO.22 When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

when there is a many-to-many journal and you want to use a clearing company

when the journal is not balanced by the primary balancing segment value (BSV)

when the journal is balanced by the primary BSV but not by second or third BSV

when the journal is balanced by second balancing segment value

Intercompany processing will balance a journal using the accounts identified here for the UK Ledger when the journal is balanced by the primary balancing segment value (BSV) but not by second or third BSV. A BSV is a segment in the chart of accounts that identifies a legal entity or business unit for which financial statements are prepared and balanced. A primary BSV is required for every ledger and is used to balance journal entries within a ledger. A secondary or tertiary BSV is optional and is used to balance journal entries across different dimensions other than the primary BSV, such as fund or region. Intercompany processing is a feature that enables intercompany transactions between different legal entities or business units within the same enterprise. Intercompany processing uses intercompany balancing rules to generate intercompany receivables and payables accounts for cross-ledger or cross-BSV journals. Intercompany processing will balance a journal using the accounts identified here for the UK Ledger when the journal is balanced by the primary BSV but not by second or third BSV, as thisindicates that there is an intercompany transaction between different legal entities or business units within the UK Ledger that requires intercompany balancing.
Intercompany processing will not balance a journal using the accounts identified here for the UK Ledger when there is a many-to-many journal and you want to use a clearing company, as this is a scenario that involves multiple legal entities or business units across different ledgers that requires a separate clearing company ledger to perform intercompany balancing. Intercompany processing will not balance a journal using the accounts identified here for the UK Ledger when the journal is not balanced by the primary BSV, as this is an invalid scenario that violates the accounting rules and prevents posting of the journal. Intercompany processing will not balance a journal using the accounts identified here for the UK Ledger when the journal is balanced by second balancing segment value, as this is an incomplete scenario that does not specify whether the journal is also balanced by primary and third BSV. Reference: Oracle Financials Cloud: General Ledger
2022 Implementation Professional Objectives – Configure and Process Intercompany 12

NO.23 Which two statements are true regarding the Translation process? (Choose two.)

Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.

If necessary, before submitting the Translation process, the Revaluation process should be completed.

The Translation process should be run before posting Period Close adjustment entries.

The Translation process can only be used for translating the balances of Secondary ledgers.

The Translation process can only be used to translate balance sheet accounts.

NO.24 You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?

Freeze the Intercompany Journal source in General Ledger.

Close Intercompany periods in Fusion Intercompany.

Close all subledger periods.

Close the General Ledger period in the Manage Accounting Periods page.

NO.25 You are reconciling yourPayablesandReceivablesbalances against theGeneral Ledger. You are using the Payables to Ledger Reconciliation report.
You notice discrepancies between the balances in thesubledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

Intercompany transactions have not been fully processed.

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

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

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

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

NO.26 Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.
A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?

If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.

The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.

If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD only will be carried forward.

NO.27 The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

Output type

The layout-Template

The Data Model

The Data Source

The Sub_Template

NO.28 You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

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

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

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

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

NO.29 Which two are valid Data Access Set types? (Choose two.)

Full access

Full Ledger

Primary Balancing Segment Value

Read and Write access

Read Only access

NO.30 Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

You can download the template only from the Manage Chart of Accounts Mappings page.

It supports external integration using REST services.

You can create, update, and delete account rules for a chart of accounts mapping.

You can create, update, and delete segment rules for a chart of accounts mapping.

NO.31 In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

The layout Template

Output type

The Style Template

The Sub Template

The Data Model

NO.32 You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

Sub template

Style template

Layout template

Output type

Data model

NO.33 You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.

Determine the accounting impact of transactions.

Capture accounting events.

Create the accounting in the source system and then import the journal entries into subledger accounting.

Analyze external system transactions.

NO.34 Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

You can only drill down to the general ledger journal and then from there to the subledger journal entry.

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.

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

The report displays the intercompany receivables and intercompany payables balances in summary for a period.

The report displays all clearing company balancing lines for a period.

NO.35 On a primary ledger in Use system options close section, the following field has been selected:
‘Prevent General Ledger Period Close When Open Subledger Periods Exist’.
What three exceptions will prevent closing of the accounting period?

Pending Transaction in General Ledger Interface

No pending transaction in the General Ledger Interface table

Pending Intercompany Transactions

Intercompany Transactions are completed

NO.36 Which two statements are true about infotiles and infolets?

You can refresh infolets to see up-to-date data.

Infotiles pull data from a Smart View analysis.

Infolets are accessed only from the News Feed home page layout.

You can create your own user-defined infolets.

Infotiles have Front view. Back view, and Expanded view.