Oracle 1z0-1054-24 Actual Tests : Oracle Financials Cloud: General Ledger 2024 Implementation Professional

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Oracle 1z0-1054-24 Exam Overview:

Oracle 1z0-1054-24 Exam Syllabus Topics:

Oracle Financials Cloud: General Ledger 2024 Implementation Professional: Your Questions, Answered

Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions:

Question 1

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

Question 2

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

A. when there is a many-to-many journal and you want to use a clearing company
B. when the journal is balanced by the primary BSV but not by second or third BSV
C. when the journal is balanced by second balancing segment value
D. when the journal is not balanced by the primary balancing segment value (BSV)

Question 3

You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?

A. Close all subledger periods.
B. Close Intercompany periods in Fusion Intercompany.
C. Close the General Ledger period in the Manage Accounting Periods page.
D. Freeze the Intercompany Journal source in General Ledger.

Question 4

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. Schedule your AutoPost Criteria set to run during off-peak hours only.
B. Create your AutoPost criteria using minimal sources and categories.
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.

Question 5

Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.
A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?

A. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD only will be carried forward.
B. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
C. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.
D. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
E. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

Solutions: