Validate your Skills with Updated 1z0-1054-25 Exam Questions & Answers and Test Engine [Q51-Q74]

QUESTION 51
Which two statements are true about balances cubes in General Ledger?

QUESTION 52
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

QUESTION 53
Financial Reporting Web Studio is a powerful tool within the Oracle Fusion Cloud suite, designed to empower financial professionals with advanced reporting capabilities.
Which two are key capabilities of Financial Reporting Web Studio?

QUESTION 54
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.)

QUESTION 55
You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?

QUESTION 56
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

QUESTION 57
Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?

QUESTION 58
When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

QUESTION 59
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

QUESTION 60
Which two statements are true about infotiles and infolets?

QUESTION 61
What are The two advantages of having an intercompany segment in the Chart of Accounts?

QUESTION 62
You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

QUESTION 63
There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

QUESTION 64
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

QUESTION 65
You are using theCreate Budgets in a Spreadsheetoption toload your budget balancesinto theGL balances cube. YourFYXX Budgetis not appearing in theBudget Namelist of values.
Which two are the reasons for this?

QUESTION 66
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

QUESTION 67
What are two uses of theColumn FlatteningandRow Flatteningfeatures?

QUESTION 68
You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?

QUESTION 69
The Journal Import process pulls information from the GL Interface table to create valid, postable journal entries in General Ledger.
Which two statements are true about the Journal Import process?

QUESTION 70
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

QUESTION 71
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

QUESTION 72
The intercompany accountants on the cloud project are trying to reconcile intercompany balances using the latest intercompany reconciliation report.
However, they have some concerns about the information presented in the report and want you to clarify the content in the standard reconciliation report.
What is included in the intercompany reconciliation report?

QUESTION 73
You are implementing amultipillarimplementation of bothHCM CloudandERP Cloud. You are implementingERP first, followed byHCM Cloud. You want to ensure yourledgers and chart of accounts are correctly defined.
What should you do? (Choose three.)

QUESTION 74
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?