Using 1z0-1054-24 New Test Materials - Get Rid Of Oracle Financials Cloud: General Ledger 2024 Implementation Professional

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Oracle 1z0-1054-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Processing Journals: This section of the exam measures the skills of a Financial Consultant and covers the processes involved in capturing and managing journals. It explains how to configure journal approval workflows, outlines methods for entering journals, discusses average daily balance processing, and details the configuration and processing of intercompany transactions.
Topic 2	Using Financial Reporting: This section of the exam measures the skills of an Implementation Consultant and covers the use of financial reporting tools in Oracle Financials Cloud. It explains how to work with the Financial Reporting Center, create and manage reports using Financial Reporting Web Studio, use Oracle Transactional Business Intelligence (OTBI), leverage Smart View for reporting, and utilize the General Accounting Dashboard. It also describes analyzing budgets versus actuals with these tools.
Topic 3	Configuring Enterprise and Financial Reporting Structures: This section of the exam measures the skills of an Implementation Consultant and covers the setup of enterprise structures necessary for financial reporting. It includes configuring the chart of accounts, setting up account hierarchies, managing accounting calendars, securing chart of accounts segments, and handling legal jurisdictions, authorities, legal entities, geographies, and currencies to support an organization's financial operations.
Topic 4	Managing Period Close Components: This section of the exam measures the skills of a Financial Consultant and covers activities necessary to complete a successful period close. It explains managing revaluations, translations, and consolidations, handling reconciliations, configuring the Close Monitor to track period close status, and creating allocations and periodic journal entries needed for finalizing accounting records.
Topic 5	Configuring Ledgers: This section of the exam measures the skills of an Implementation Consultant and focuses on setting up and maintaining ledgers. It explains managing ledger configurations, understanding the General Ledger balances cube for reporting purposes, and applying security controls to protect ledger data and ensure proper access management.

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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q48-Q53):

NEW QUESTION # 48
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle's recommended practice when this occurs?

A. Enter another adjusting journal entry in the target currency to true up the balances.
B. Translate only the adjusting journal entry.
C. Rerun Revaluation and then rerun Translation.
D. Rerun Translation and then reconsolidate your results.

Answer: D

Explanation:
According to Oracle's documentation, if you enter and post additional journal entries in your ledger currency after you run translation, you should rerun translation for the entire ledger or ledger set to ensure that all balances are translated using the same exchange rates. Then, you should reconsolidate your results to reflect the updated translated balances. References:
* Using General Ledger, page 9-7: "If you enter and post additional journal entries in your ledger currency after you run translation, you should rerun translation for the entire ledger or ledger set."
* Using General Ledger, page 9-8: "After you run translation, you can consolidate your results to create a consolidated balance sheet and income statement."
* Implement General Ledger, page 2-10: "You can translate and consolidate balances as part of the period close process."

NEW QUESTION # 49
Your userforgot the password. How do you resolve this?

A. Use Access Policy Manager (APM) to reset the user's 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 the Manage Users page to update the user's information and change the password.

Answer: D

NEW QUESTION # 50
Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

Answer:

Explanation:
See the Explanation for the complete Solution.
Explanation:
Here are the steps you need to follow:
* Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structures.
* Click on the Create icon to create a new Chart of Accounts Structure. Enter the following information:
* Structure Code: 07COA
* Structure Name: 07 Chart of Accounts
* Description: Chart of Accounts for candidate 07
* Number of Segments: 5
* Click on the Next button to define the segments. Enter the following information for each segment:
* Segment Number: 1
* Segment Name: Company
* Value Set Code: 07Corporate Company
* Value Set Name: 07 Corporate Company
* Maximum Size: 3
* Balancing: Yes
* Segment Label: Company
* Segment Number: 2
* Segment Name: Cost Center
* Value Set Code: 07Corporate Cost Center
* Value Set Name: 07 Corporate Cost Center
* Maximum Size: 4
* Balancing: No
* Segment Label: Cost Center
* Segment Number: 3
* Segment Name: Account
* Value Set Code: 07Corporate Account
* Value Set Name: 07 Corporate Account
* Maximum Size: 8
* Balancing: No
* Segment Label: Natural Account
* Segment Number: 4
* Segment Name: Product
* Value Set Code: 07Corporate Product
* Value Set Name: 07 Corporate Product
* Maximum Size: 3
* Balancing: No
* Segment Label: Product
* Segment Number: 5
* Segment Name: Intercompany
* Value Set Code: 07Corporate Company
* Value Set Name: 07 Corporate Company
* Maximum Size: 3
* Balancing: No
* Segment Label: Intercompany
* Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure.
* Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structure Instances.
* Click on the Create icon to create a new Chart of Accounts Structure Instance. Enter the following information:
* Structure Code: 07COA
* Structure Name: 07 Chart of Accounts
* Description: Chart of Accounts for candidate 07
* Chart of Accounts Structure: 07COA
* Enabled: Yes
* Allow Dynamic Inserts: Yes
* Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure Instance.
You have successfully created a Chart of Accounts Structure and Instance for the given scenario. For more information, you can refer to the following resources:
* Chart of Accounts Structures and Instances
* Chart of Accounts Components
* Minimum Steps For Financial Enterprise Structures Configuration
* Overview of Creating and Configuring Chart of Accounts Structure and Instances

NEW QUESTION # 51
You are required to changetoday's daily ratesfor convertingGBP to USD. What are three ways in which you can update existing daily rates?

A. Edit existing transactions and update the rates manually.
B. Import daily rates through the Daily Rates open interface table.
C. 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.
D. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.
E. Use the spreadsheet loader from the Currency Rates Manager.

Answer: B,C,E

NEW QUESTION # 52
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 the tree is active.
C. Make sure the tree version was published successfully.
D. Make sure to flatten the rows of the tree version.

Answer: C

NEW QUESTION # 53
......

With the Oracle 1z0-1054-24 certification exam you will get an opportunity to learn new and in-demand skills. In this way, you will stay updated and competitive in the market and advance your career easily. To do this you just need to pass the Oracle Financials Cloud: General Ledger 2024 Implementation Professional 1z0-1054-24 Certification Exam.

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Using 1z0-1054-24 New Test Materials - Get Rid Of Oracle Financials Cloud: General Ledger 2024 Implementation Professional

Oracle 1z0-1054-24 Exam Syllabus Topics:

Pdf 1z0-1054-24 Dumps | 1z0-1054-24 Torrent

Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q48-Q53):

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