Use Real Oracle Achieve the 1Z0-1054-26 Dumps – 100% Exam Passing Guarantee [Q25-Q47]

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

Section	Objectives
General Ledger Configuration	– Ledger setup and accounting configuration – Chart of Accounts structure and segments – Accounting calendar and currency setup
Security and Controls	– Audit and compliance controls – Role-based access control in General Ledger
Financial Reporting	– Real-time reporting and analytics – Financial Statement Generator (FSG) and reporting tools
Period Close and Reconciliation	– Period close process in General Ledger – Account reconciliation and balancing
Journal Processing	– Journal import and automation – Journal creation and approval workflows – Recurring journals and allocations

Q25. What is the role of the OTBI Reporting tool in Oracle Cloud Financial Reporting?

It allows users to generate ad hoc reports, analyze financial data, and create user-defined analytics directly from the transaction tables.

It allows users to design boardroom-ready financial statements, ensuring compliance with regulatory accounting standards.

It allows users to create, manage, and deliver high-fidelity, pixel-perfect reports and documents that can be scheduled to run at specific intervals.

It allows users to perform spreadsheet-based multidimensional analysis from Microsoft Excel.

Q26. Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?

Assign the UK reference set to the user/role combination.

Assign the security context value of UK Ledger to the user/role combination.

Create a data access set that allows access to the UK Ledger.

Assign the General Accounting Manager role to those users.

Q27. 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 this indicates 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

Q28. You have set up asupporting reference with balancesto capturerevenue by account manager.
Which option should you use to view thesupporting reference balances?

An OTBI analysis

An Account Group

General Ledger inquiries and reports

A SmartView analysis

Q29. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle’s recommended practice when this occurs?

Rerun Revaluation and then rerun Translation.

Translate only the adjusting journal entry.

Rerun Translation and then reconsolidate your results.

Enter another adjusting journal entry in the target currency to true up the balances.

Q30. You are creating values for thechart of account value setthat you are planning to use for theaccount segmentwithin 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 are creating values before assigning the value set to the structure.

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

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

Q31. 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

Q32. You are reviewing the Intercompany Reconciliation report for the current period and notice that there is a difference for the period as indicated.

What could be reason for this difference?

The transaction needs to be transferred to Payables and accounted in the UK ledger.

The transaction needs to be transferred to Payables and accounted in the US ledger.

The transaction needs to be transferred to Receivables and accounted in the UK ledger.

The transaction needs to be transferred to Receivables and accounted in the US ledger.

Q33. Which two statements are true about infotiles and infolets?

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

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

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

Infotiles pull data from a Smart View analysis.

You can create your own user-defined infolets.

Q34. 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 USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

The original journal entry in Euros is updated.

There is no unrealized exchange gain or loss calculated.

The original journal entry in Euros remains the same.

You have an unrealized exchange gain recorded.

You have an unrealized exchange loss recorded.

Q35. In a primary ledger, under the System options, in the Close section, the “Prevent General Ledger Period Closure When Open Subledger Periods Exist” option has been selected.
For which subledger can you opt out of the Period Close Checking feature by using the ORA_GL_INCLD_STRICT_PRD_CLOSE lookup?

Accounts Payable

Order Management

Lease Accounting

Q36. 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.

Q37. 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

Q38. Which delivered role can access the full functionality of Functional Setup Manager?

Application Implementation Manager

Functional Setup Manager Superuser

IT Security Manager

Any functional user

Application Implementation Consultant

Q39. 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

Q40. 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.

Q41. When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

Smart View

Financial Reporting Studio

Account Inspector

Financial Statement Generator

Q42. You are creating a journal approval rule and need to assign the approval to multiple controllers in parallel.
Which assignee type should you use?

Parallel

Serial

Single

FYI

Q43. 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

Q44. 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?

There is no unrealized exchange gain or loss calculated.

You have an unrealized exchange loss recorded.

The original journal entry in Euros is updated.

The original journal entry in Euros remains the same.

You have an unrealized exchange gain recorded.

Q45. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

OTBI report

Financial Reporting Web Studio report

Account group

Trial Balance report

Q46. Which two data conversion levels are compatible with the Opening Balance Initialization feature for new reporting or secondary ledgers?

Subledger level

Adjustment only level

Balance level

Currency level

Journal level

Q47. 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.