Free Practice Oracle 1Z0-1054-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Financials Cloud: General Ledger 2024 Implementation Professional 1Z0-1054-24 Dumps Practice Questions

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Total 170 Questions | Updated On: Jun 03, 2025

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Question 1

Your customer is planning to have three balancing segments for generating balance sheets and income

statements at cost center segment and program segment levels.

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Which two recommendations would you give your customer? (Choose two.)

A : Additional intercompany rules will need to be defined for the two additional balancing segments

B : Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry

C : Additional intercompany balancing and clearing options will need to be defined

D : When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal

Answer: A,B

Question 2

What are the two purposes of a secondary ledger? (Choose two.)

A : It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options

B : It should not be used when trying to meet local accounting requirements

C : It is used to main balances in a different currency only

D : It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting

E : It should only be used to main balances for processing performance

Answer: A,D

Question 3

The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A : Output type

B : The layout-Template

C : The Data Model

D : The Data Source

E : The Sub_Template

Answer: B,C

Question 4

What is the most efficient way to add a new year to the accounting calendar?

A : Import the periods from a spreadsheet

B : The application automatically populates the next year when you open the first period of a new fiscal year

C : Add the periods manually

D : Use the Add Year button

Answer: D

Question 5

You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?

A : Both are Partially Reserved

B : The purchase order is Liquidated and the invoice is Partially Reserved

C : The purchase order is Partially Liquidated and the invoice is Partially Reserved

D : The purchase order is Partially Liquidated and the invoice will be Reserved

E : Both are reserved

F : The purchase order is Open and the invoice is Validated

Answer: C

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Total 170 Questions | Updated On: Jun 03, 2025

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