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1z0-1054-25 Practice Questions

Oracle Financials Cloud: General Ledger 2025 Implementation Professional

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Total Questions : 123

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Question # 1

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?

Options:

A.  

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

B.  

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

C.  

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

D.  

The rules validate and apply tonew accounts only.

E.  

The rules will validate and apply tonew and existing accounts.

Discussion 0
Question # 2

What are thetwo possible reasonsforencumbrance created on the purchase orderto go back to thebudget or funds availability?

Options:

A.  

When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.

B.  

When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unreceived amount.

C.  

The requisition reserved successfully undergoes amendment and is rejected in the reapproval.

D.  

The purchase order is canceled or finally closed or rejected without performing any receipt or invoice.

Discussion 0
Question # 3

Which Two predefined job roles automatically have the assigned privileges to access Financial Reporting Center?

Options:

A.  

Account Receivables Manager

B.  

Payables Supervisor

C.  

General Accounting Manager

D.  

Budget Manager

E.  

Intercompany Manager

Discussion 0
Question # 4

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?

Options:

A.  

Accounts Payable

B.  

Order Management

C.  

Lease Accounting

Discussion 0
Question # 5

What is the key functionality of Smart View in Oracle Cloud Financial Reporting?

Options:

A.  

It is an Excel based add in that integrates with Oracle Essbase GL data for performing financial analysis and reporting.

B.  

It is a data visualization tool that offers a library of interactive charts and graphs for financial analysis.

C.  

It is a mobile application for accessing real-time financial dashboards on smartphones and tablets.

Discussion 0
Question # 6

You are setting upClose Monitor, which comprises aledger set hierarchy definition.

Which two components of theenterprise structureshould the ledgers in the ledger set share?

Options:

A.  

Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method

B.  

Legal Entities, Business Units, and Chart of Accounts

C.  

Chart of Accounts

D.  

Chart of Accounts and Business Units

E.  

Accounting Calendar

Discussion 0
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.)

Options:

A.  

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

B.  

It supports external integration using REST services.

C.  

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

D.  

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

Discussion 0
Question # 8

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?

Options:

A.  

Pending Transaction in General Ledger Interface

B.  

No pending transaction in the General Ledger Interface table

C.  

Pending Intercompany Transactions

D.  

Intercompany Transactions are completed

Discussion 0
Question # 9

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

Options:

A.  

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

B.  

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

C.  

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

D.  

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

Discussion 0
Question # 10

In which two ways can your users personalize the Springboards and Work Areas to suit their individual

working styles? (Choose two.)

Options:

A.  

They can format certain tables by hiding and showing columns, moving columns, and resizing columns

B.  

Users have very little control configuring their Springboards and Work Areas; they can only resize columns

C.  

They can have the System Administrator configuring pages for them using Page Composer

D.  

They can use “+” under the Apps section of the News Feed homepage

Discussion 0
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