Oracle Financials Cloud: General Ledger 2025 Implementation Professional (1z0-1054-25) Free Practice Test

Question 1

TheDelete Translated Balancesprocess provides the ability to completely reset translations in the event thatsignificant changesare made to the accounting configuration.
Once the deletion process completes, what additional process must you run?

A. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

B. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

C. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

D. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Correct Answer: C

Question 2

Which two are predefined roles in General Ledger?

A. General Accounting Manager

B. General Accountant

C. General Accounting Supervisor

D. General Accounting Clerk

Correct Answer: A,B

Question 3

You have enabled budgetary control and have a control budget set toAdvisorycontrol level. For September
2016, your budget for a given account combination is$5,000 USD.
In the same month, there is anapproved requisitionfor that account of$900and anapproved purchase orderfor that account of$2,500 USD. There is also aGeneral Ledger adjustment journal entryfor that account of$1,600 USD. Anapproved purchase order line of $400 USDis thencanceled.
Aninvoice is matchedto the purchase order for$2,100 USD.
Which two statements are true? (Choose two.)

A. Funds reservation only happens for non-matched invoices, so the system will not reserve funds.

B. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016.

C. Purchase order encumbrance will be released for $2,100 USD.

D. The system always consumes the budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation.

Correct Answer: B,C

Question 4

When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets.
When defining new related value sets, which three configuration steps should be considered?

A. Order of the segments determines filtering sequence

B. Use independent validation type value sets only

C. Order of the segments does not determine filtering sequence.

D. Link multiple value sets together

E. Link two value sets together

F. Use table validated type value sets only

Correct Answer: A,B,E

Question 5

You already ranTranslation, but a last-minuteadjusting journal entryin yourledger currencywas entered after you consolidated your results.
What does Oracle considerbest practicewhen this occurs?

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

B. Rerun Revaluation and then rerun Translation.

C. Rerun Translation and then reconsolidate your results.

D. Translate only the adjusting journal entry.

Correct Answer: C

Question 6

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. Transaction Account Definition

B. Intercompany Receivables Assignment

C. Intercompany Customer Supplier Association

D. Intercompany Agreement

E. Intercompany Transfer Authorization

Correct Answer: D,E

Question 7

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.)

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

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

C. It supports external integration using REST services.

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

Correct Answer: A,D

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Question 8

Which Two are key capabilities of Account Groups within the General Accounting Dashboard?

A. Monitor key accounts automatically in real time on an exception or permanent basis.

B. Schedule reports to run automatically at selected intervals and to various destinations, such as printer or email.

C. Create Reports, Books, Snapshot Reports, Snapshot Books, and Financial Reporting Batches.

D. Analyze change percentages based on defined rules and thresholds to assess whether balance variances are favorable or unfavorable.

Correct Answer: A,D

Question 9

You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
01-000-4110-00
01-000-5299-000
01-000-5105-000
01-000-7640-00
Which two statements aretrueregardingcross-validation rules?

A. There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.

B. You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.

C. The rules validate and apply tonew accounts only.

D. You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.

E. The rules will validate and apply tonew and existing accounts.

Correct Answer: B,E

Question 10

Which two statements are true about infotiles and infolets?

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

B. Infotiles pull data from a Smart View analysis.

C. You can create your own user-defined infolets.

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

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

Correct Answer: D,E

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Oracle Financials Cloud: General Ledger 2025 Implementation Professional (1z0-1054-25) Free Practice Test