Online 1Z0-1054-25 Practice Test

Question 1

Which two statements are TRUE regarding the Balances Cubes in General Ledger? (Choose two.)

Options :

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

B : New dimensions can be added to a General Ledger Balances Cube

C : They are updated automatically when the Revaluation process is run

D : A new Balances Cube is created for a unique combination of Ledger and Currency

E : They are updated automatically when the Translation process is run

Answer: C,E

Question 2

You can run predefined reports to reconcile subledger application balances to General Ledger balances. Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'

Options :

A : End Date

B : Start Date

C : Reconcile

D : Financial Category

E : Third Party Control Account

Answer: D

Question 3

When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

Options :

A : Smart View

B : Financial Reporting Studio

C : Account Inspector

D : Financial Statement Generator

Answer: A,B

Question 4

You are reconciling your Payable sand Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between the balances in the subledgers, subledger accounting, and general ledger. Which three factors are responsible for these out-of-balance situations?

Options :

A : Intercompany transactions have not been fully processed.

B :

Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet.

C :

There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

D : Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

E : All subledger transactions have been entered but do not have complete accounting.

Answer: A,B,D

Question 5

In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

Options :

A : Application Composer

B : Oracle Enterprise Repository

C : Oracle Transactions Business Intelligence

D : Financial Reporting Studio

E : Smart View

Answer: C,D,E

EXPERTY DESIGNED 1Z0-1054-25 PRACTICE TEST