1z0-1054-25 by Oracle Actual Free Exam Questions And Answers

Question 1

The intercompany accountants on the cloud project are trying to reconcile intercompany balances using the latest intercompany reconciliation report.
However, they have some concerns about the information presented in the report and want you to clarify the content in the standard reconciliation report.
What is included in the intercompany reconciliation report?

A. It displays ledger balancing lines generated when the primary balancing segment (BSV) is in balance but not the second or third BSVs.

B. It displays all clearing company balances for the period.

C. It displays the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

Discussion 0

Correct Answer: C Vote an answer

Question 2

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. Account group

C. Trial Balance report

D. Financial Reporting Web Studio report

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Question 3

You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

A. File-based data import

B. Budget journal spreadsheet

C. Enterprise Resource Budget Integrator

D. Application Developer Framework desktop integrator

Discussion 0

Correct Answer: A Vote an answer

Question 4

You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A. Budgeting is not enabled in the Ledger options.

B. Transfer Budget Balances to Budget Cubes has not been run.

C. Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.

D. A value for the budget scenario is not created.

E. The Create Scenario Dimension Members program has not been run.

Discussion 0

Correct Answer: D,E Vote an answer

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Question 5

Your organization would like to use the journal sequencing functionality in General Ledger. You want to include all journal sources but would like a different sequence assigned to journals originating in the Joint Venture application.
What should you create to achieve this?

A. An Exclusion

B. A Validation Filter

C. A Condition Filter

D. An Exception

Discussion 0

Correct Answer: C Vote an answer

Question 6

You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.

You get #Missing instead of a balance. What value did you not specify, which resulted in this?

A. Product

B. Intercompany

C. Cost Center

D. A particular currency

Discussion 0

Correct Answer: D Vote an answer

Question 7

You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)

A. You have not downloaded the report to your local drive.

B. You have not saved it in the MyFolders directory.

C. You have not uploaded it to Financial Reporting Center.

D. You have not saved it in the Shared Folder/Custom/Financials directory.

Discussion 0

Correct Answer: B,C Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Oracle Financials Cloud: General Ledger 2025 Implementation Professional - 1z0-1054-25 Exam Practice Test

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