2025 Oracle 1z0-1054-24: Oracle Financials Cloud: General Ledger 2024 Implementation Professional–Trustable New Braindumps Book

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Oracle 1z0-1054-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Processing Journals: This section of the exam measures the skills of a Financial Consultant and covers the processes involved in capturing and managing journals. It explains how to configure journal approval workflows, outlines methods for entering journals, discusses average daily balance processing, and details the configuration and processing of intercompany transactions.
Topic 2	Configuring Enterprise and Financial Reporting Structures: This section of the exam measures the skills of an Implementation Consultant and covers the setup of enterprise structures necessary for financial reporting. It includes configuring the chart of accounts, setting up account hierarchies, managing accounting calendars, securing chart of accounts segments, and handling legal jurisdictions, authorities, legal entities, geographies, and currencies to support an organization's financial operations.
Topic 3	Configuring Ledgers: This section of the exam measures the skills of an Implementation Consultant and focuses on setting up and maintaining ledgers. It explains managing ledger configurations, understanding the General Ledger balances cube for reporting purposes, and applying security controls to protect ledger data and ensure proper access management.
Topic 4	Using Financial Reporting: This section of the exam measures the skills of an Implementation Consultant and covers the use of financial reporting tools in Oracle Financials Cloud. It explains how to work with the Financial Reporting Center, create and manage reports using Financial Reporting Web Studio, use Oracle Transactional Business Intelligence (OTBI), leverage Smart View for reporting, and utilize the General Accounting Dashboard. It also describes analyzing budgets versus actuals with these tools.
Topic 5	Managing Period Close Components: This section of the exam measures the skills of a Financial Consultant and covers activities necessary to complete a successful period close. It explains managing revaluations, translations, and consolidations, handling reconciliations, configuring the Close Monitor to track period close status, and creating allocations and periodic journal entries needed for finalizing accounting records.

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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q45-Q50):

NEW QUESTION # 45
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 order for 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. Purchase order encumbrance will be released for $2,100 USD.
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. 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.
D. Funds reservation only happens for non-matched invoices, so the system will not reserve funds.

Answer: A,B

NEW QUESTION # 46
You want to automatically post journal batches imported from subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?

A. Create your AutoPost criteria using minimal sources and categories.
B. Schedule your AutoPost Criteria set to run during off-peak hours only.
C. Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
D. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.

Answer: C,D

NEW QUESTION # 47
You entered users who are bothemployees and contingent workers. You want an automated way toassign, reassign, and remove rolesfrom users. What feature do you use?

A. You cannot reassign contingent workers
B. Oracle Identity Manager Roles Assignment
C. Access Policy Manager's Role Generation
D. Role Mappings
E. Data Roles

Answer: D

NEW QUESTION # 48
Which two are valid Data Access Set types? (Choose two.)

A. Full access
B. Read and Write access
C. Full Ledger
D. Primary Balancing Segment Value
E. Read Only access

Answer: A,E

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 # 49
Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?

A. A new Balances Cube is created for a unique combination of Ledger and Currency.
B. They are updated automatically when the General Ledger period is opened.
C. They are updated automatically when the Translation process is run.
D. New dimensions can be added to a General Ledger Balances Cube.
E. They are updated automatically when the Revaluation process is run.

Answer: B,C

NEW QUESTION # 50
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