Free Practice Oracle 1Z0-1054-25 Exam Questions 2025

Stay ahead with 100% Free Oracle Fusion Cloud Financials: General Ledger 2025 Implementation Professional 1Z0-1054-25 Dumps Practice Questions

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Total 170 Questions | Updated On: Apr 21, 2025

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Question 1

When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?

A : Redeploy the chart of accounts.

B : Make sure to flatten the rows of the tree version.

C : Make sure the tree is active.

D : Make sure the tree version was published successfully.

Answer: D

Question 2

Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD. What two statements are true about the resulting revaluation run?

A : There is no unrealized exchange gain or loss calculated.

B : You have an unrealized exchange loss recorded.

C : The original journal entry in Euros is updated.

D : The original journal entry in Euros remains the same.

E : You have an unrealized exchange gain recorded.

Answer: B,D

Question 3

Which delivered role can access the full functionality of Functional Setup Manager?

A : Application Implementation Manager

B : Functional Setup Manager Superuser

C : IT Security Manager

D : Any functional user

E : Application Implementation Consultant

Answer: A

Question 4

Which two statements are true about balances cubes in General Ledger?

A : They are updated automatically when the Translation process is run.

B : They are updated automatically when the General Ledger period is opened.

C : A new balances cube is created for a unique combination of ledger and currency.

D : New dimensions can be added to a General Ledger balances cube.

E : They are updated automatically when the Revaluation process is run.

Answer: C,D

Question 5

You are setting up Close Monitor and want to view high-level profit and loss results for each ledger. What should you associate with the ledger set to achieve this?

A : OTBI report

B : Financial Reporting Web Studio report

C : Account group

D : Trial Balance report

Answer: B

Page: 1 / 34

Total 170 Questions | Updated On: Apr 21, 2025

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