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: May 04, 2024

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Question 1

Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?

A : General Ledger - Journal Transaction Balances Real Time

B : General Ledger – Journal Balances Real Time

C : General Ledger – Summary Journals Real Time

D : General Ledger – Journals Real Time

Answer: D

Question 2

Which two are valid Data Access Set types? (Choose two.)

A : Full access

B : Full Ledger

C : Primary Balancing Segment Value

D : Read and Write access

E : Read Only access

Answer: A,E

Question 3

When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets. When defining new related value sets, which three configuration steps should be considered?

A : Link two value sets together

B : Use independent validation type value sets only

C : Order of the segments determines filtering sequence

D : Use table validated type value sets only

E : Link multiple value sets together

F : Order of the segments does not determine filtering sequence.

Answer: A,B,C

Question 4

You are required to change today’s daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?

A : Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.

B : Edit existing transactions and update the rates manually.

C : Use the spreadsheet loader from the Currency Rates Manager.

D : Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger’s Period Close work area.

E : Import daily rates through the Daily Rates open interface table.

Answer: C,D,E

Question 5

Your user forgot the password. How do you resolve this?

A : Use the Manage Users page to update the user's information and change the password.

B : Create a new user ID and password for the user.

C : Log in to the user's machine as an Administrator and change the password from the login password.

D : Use Oracle Identity Management (OIM) to reset the user's password.

E : Use Access Policy Manager (APM) to reset the user's password.

Answer: D

Page: 1 / 34

Total 170 Questions | Updated On: May 04, 2024

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