UPDATED [2026] Pass Oracle 1z0-1054-25 Exam in First Attempt Guaranteed
Pass 1z0-1054-25 Exam Latest Practice Questions
Oracle 1z0-1054-25 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
NEW QUESTION # 68
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
- B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
- C. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
- D. Each product has its own Intercompany Accounting feature that needs to be configured separately.
Answer: B,D
Explanation:
According to Oracle documentation1, the following statements are true regarding intercompany accounting for Financials Cloud, Projects, Inventory, and SCM: Each product has its own Intercompany Accounting feature that needs to be configured separately, and Intercompany Balancing Rules are defined centrally and applied across Financials and Projects. Intercompany accounting is the process of recording transactions between related entities within an enterprise or between groups in the same legal entity. Each product has its own Intercompany Accounting feature that enables you to create, process, and reconcile intercompany transactions. Intercompany Balancing Rules are used to generate balancing entries for journals that are out of balance by legal entity or primary balancing segment values. Intercompany Balancing Rules are defined in General Ledger and applied across Financials and Projects. Therefore, options A and C are correct. Option B is incorrect because Intercompany Balancing Rules are not used to balance cross-ledger allocation journals.
Option D is incorrect because Intercompany balancing rules in General Ledger do not need to be mapped with the intercompany configuration in each product.
NEW QUESTION # 69
You define intercompany balancing rules that are applied to a specific source and category, such as Payables and Invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which statement on intercompany configuration is true?
- A. You can create a rule for all sources and categories by selecting the source "Other" and category "Other"
- B. You must define intercompany balancing rules for all sources, categories, and transaction types.
- C. Intercompany balancing evaluates the rules in the following order: ledger, legal entity, chart of accounts, and primary balancing segment value.
Answer: A
NEW QUESTION # 70
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 includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
- C. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
- D. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- E. The report displays all clearing company balancing lines 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 # 71
You need to have invoices generated for certain intercompany transactions.
Where do you enable invoicing?
- A. Manage Intercompany Transaction Types
- B. Manage Intercompany Receivables Assignment
- C. Manage Intercompany Organizations
- D. Manage Intercompany System Options
Answer: A
NEW QUESTION # 72
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. Geocoding
- B. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
- C. Address Cleansing
- D. Validation
Answer: A
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 # 73
Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?
- A. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
- B. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
- C. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required.The system will automatically update the translated balances.
- D. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
Answer: B
NEW QUESTION # 74
Your customer has alarge number of legal entities. Thelegal entity valuesare defined in thecompany segment and the primary balancing segment.
They want to easily createeliminating entriesfor theintercompany activity.
What should you recommend?
- A. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
- B. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
- C. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
- D. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
Answer: D
NEW QUESTION # 75
You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.
You get #Missing instead of a balance. What value did you not specify, which resulted in this?
- A. Intercompany
- B. Cost Center
- C. A particular currency
- D. Product
Answer: C
NEW QUESTION # 76
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
- A. Smart Slices
- B. Query Designer
- C. Smart Queries
- D. Ad Hoc Analysis
Answer: D
Explanation:
To create an Income Statement using Smart View, you should use Ad Hoc Analysis. Ad Hoc Analysis is a Smart View tool that allows users to view and analyze financial data from General Ledger Cloud using Essbase cubes. Users can create reports such as Income Statements or Balance Sheets by selecting dimensions and members from Essbase cubes and retrieving data into Excel worksheets. Users can also perform actions such as drilling down, pivoting, zooming in or out, or expanding or collapsing members
NEW QUESTION # 77
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?
- A. Financial Reporting Web Studio report
- B. Trial Balance report
- C. Account group
- D. OTBI report
Answer: A
Explanation:
To view high-level profit and loss results for each ledger in the Close Monitor, you need to associate a Financial Reporting Web Studio report with the ledger set. This report should be based on the General Ledger Balances cube and should include the Income Statement account group as a row dimension. The report should also have the ledger set as a point of view dimension and the period and currency as user prompts. This way, you can select the ledger set, period, and currency when you run the report from the Close Monitor and see the aggregated income statement results for each ledger and consolidation node in the ledger set hierarchy. References: Overview of Close Monitor, Using General Ledger, Close Monitor Issue
NEW QUESTION # 78
Which two statements are true about infotiles and infolets?
- A. Infolets are accessed only from the News Feed home page layout.
- B. You can refresh infolets to see up-to-date data.
- C. You can create your own user-defined infolets.
- D. Infotiles pull data from a Smart View analysis.
- E. Infotiles have Front view. Back view, and Expanded view.
Answer: B,E
Explanation:
Infotiles and infolets are graphical components that display key information and metrics on the General Accounting dashboard. They help users access many sources of information across the enterprise in an efficient, timely, and engaging manner. Infolets can be refreshed to see up-to-date data by clicking the Refresh icon on the infolet. Infotiles have three views: Front view, which shows a summary of the most important information; Back view, which shows additional details and actions; and Expanded view, which shows a full-screen view of the infotile content. References:
* Oracle Financials Cloud: Using General Ledger, Chapter 6: Financial Reporting and Analysis, Section:
General Accounting Infolets
* Oracle Financials Cloud: Implement General Ledger, Chapter 1: Overview of Oracle Financials Cloud, Section: Overview of Using Infolets to Identify Issues and Prioritize Tasks
NEW QUESTION # 79
Your organization has frequent fund transfers between entities to meet working capital requirements and address internal financing needs. You decide to use the Multitier Intercompany functionality to address those needs.
Which two components of Multitier Intercompany need to be created to generate an intercompany transaction for General Ledger?
- A. Intercompany Agreement
- B. Intercompany Receivables Assignment
- C. Intercompany Customer Supplier Association
- D. Transaction Account Definition
- E. Intercompany Transfer Authorization
Answer: A,E
NEW QUESTION # 80
What are The two advantages of having an intercompany segment in the Chart of Accounts?
- A. Assists reconciling intercompany transactions and helps identify elimination entries.
- B. Enables balancing of many to-many primary balancing segment value journals and many to many legal entity journals
- C. Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.
- D. Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.
Answer: A,C
NEW QUESTION # 81
You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.
- A. Determine the accounting impact of transactions.
- B. Create the accounting in the source system and then import the journal entries into subledger accounting.
- C. Analyze external system transactions.
- D. Capture accounting events.
Answer: B
NEW QUESTION # 82
You are planning to create anIncome StatementusingSmart View. WhichSmart View toolshould you use for this?
- A. Smart Slices
- B. Ad Hoc Analysis
- C. Query Designer
- D. Smart Queries
Answer: C
NEW QUESTION # 83
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?
- A. Nothing, existing historical rates are not updated.
- B. Historical rates are converted into an average rate (original and new rate).
- C. The existing historical rate is deleted.
- D. The historical rate is replaced.
Answer: D
Explanation:
If you use insert in the spreadsheet to load the monthly historical rates by using FBDI, the existing historical rate for a specific ledger, currency, account combination, and accounting period will be replaced by the new rate. This is because the insert action will overwrite the existing rate with the new rate in the GL_HISTORICAL_RATES_INT table. If you want to preserve the existing rate, you should use update or delete actions instead. References:
How Historical Rates Import Data Is Processed, Section: Use the Historical Rates Import file-based data import (FBDI) template to import historical rates from external and legacy sources to Oracle General Ledger Import Historical Rates, Section: Details Entering Historical Rates, Section: Entering Historical Rates
NEW QUESTION # 84
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 includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
- C. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
- D. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- E. The report displays all clearing company balancing lines 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 # 85
Your company hascomplex consolidation requirementswithmultiple general ledger instances. You are usingOracle Hyperion Financial Managementto consolidate the disparateGeneral Ledgers.
You can typically map segments between yourgeneral ledger segmentto aHyperion Financial Management segment, such as:
* Company to Entity
* Department to Department
* Account to Account
What happens to segments in yoursource general ledger, such asProgram, thatcannot be mappedto Hyperion Financial Management?
- A. The data is not transferred.
- B. Data is summarized across segments that are not mapped to Hyperion Financial Management.
- C. The unmapped segments default tofuture use segmentsin Hyperion Financial Management.
- D. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
Answer: B
NEW QUESTION # 86
You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?
- A. Target
- B. Offset
- C. Allocation Range
- D. Source
- E. Basis
Answer: D
Explanation:
The source is where you specify the amount to be allocated. You can use various sources, such as account balances, fixed amounts, or statistical balances. In this case, you want to use the statistical balance of the floor area as the source of the allocation. The basis is where you specify the driver or factor that determines how the source amount is distributed among the targets. The target is where you specify the destination accounts that receive the allocated amount. The offset is where you specify the account that records the opposite side of the allocation entry. The allocation range is where you specify the scope of the allocation, such as the ledger, balancing segment, or legal entity. References:
Oracle Financials Cloud Implementing Enterprise Structures and General Ledger, Chapter 3: Allocations and Periodic Entries, Allocation Components Oracle Financials Cloud Using General Ledger, Chapter 3: Allocations and Periodic Entries, Overview
NEW QUESTION # 87
Which two statements are true about balances cubes in General Ledger?
- A. They are updated automatically when the General Ledger period is opened.
- B. They are updated automatically when the Translation process is run.
- C. New dimensions can be added to a General Ledger balances cube.
- D. They are updated automatically when the Revaluation process is run.
- E. A new balances cube is created for a unique combination of ledger and currency.
Answer: C,E
Explanation:
Balances cubes are multidimensional databases that store financial balances for interactive reporting and analysis. A balances cube is created for each unique combination of ledger and currency, and it contains dimensions such as chart of accounts segments, periods, scenarios, and other user-defined attributes. New dimensions can be added to a balances cube by using the Manage Balances Cube Dimensions task in General Ledger. Balances cubes are updated automatically when journals are posted in General Ledger, and they can also be refreshed manually by using the Refresh Balances Cube task. Balances cubes are not affected by the Translation or Revaluation processes, as these processes only update the balances tables in General Ledger.
References:
* Overview of Oracle General Ledger Balances Cubes1
* Considerations for General Ledger Balances Cubes2
* Overview of Oracle Essbase Balances Cubes3
NEW QUESTION # 88
Which two are valid Data Access Set types? (Choose two.)
- A. Full access
- B. Primary Balancing Segment Value
- C. Full Ledger
- D. Read Only access
- E. Read and Write access
Answer: A,D
Explanation:
The two valid Data Access Set types are Full access and Read Only access. A Data Access Set is a security feature that defines the access level that users have to ledger data, such as balances, budgets, or journals. A Data Access Set type is an attribute that determines the type of access that users have to ledger data within a Data Access Set. The two valid Data Access Set types are Full access and Read Only access. Full access allows users to view and enter data for ledger data within a Data Access Set. Read Only access allows users to view but not enter data for ledger data within a Data Access Set. Full Ledger is not a valid Data Access Set type, but an option that determines whether a Data Access Set grants access to all balancing segment values in a ledger or only specific balancing segment values. Primary Balancing Segment Value is not a valid Data Access Set type, but an attribute that identifies the legal entity or business unit for which financial statements are prepared and balanced. Read and Write access is not a valid Data Access Set type, but an alternative term for Full access. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers 12
NEW QUESTION # 89
......
Oracle 1z0-1054-25 Study Guide Archives : https://pass4itsure.passleadervce.com/Oracle-Financials-Cloud/reliable-1z0-1054-25-exam-learning-guide.html