Prepare for the Actual Oracle Financials Cloud 1z0-1054-25 Exam Practice Materials Collection
Oracle Financials Cloud Certified Official Practice Test 1z0-1054-25 - Mar-2026
NEW QUESTION # 38
You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?
- A. the transaction batch
- B. the transaction category
- C. the transaction type
- D. the transaction source
Answer: C
Explanation:
According to Oracle documentation2, you enable invoicing for certain Intercompany transactions on the transaction type. The transaction type defines the characteristics of an intercompany transaction, such as whether it requires approval, whether it generates invoices, and what accounting rules apply. You can enable invoicing for a transaction type by selecting the Invoicing Options tab and choosing the invoice method, invoice source, invoice batch source, and invoice rule. Therefore, option D is correct. Option A is incorrect because you do not enable invoicing on the transaction batch. Option B is incorrect because you do not enable invoicing on the transaction category. Option C is incorrect because you do not enable invoicing on the transaction source.
NEW QUESTION # 39
You create a Trial Balance type report using Smart View. As you include all segments for the Chart of Accounts, you expect to see zero balance. Further with the Zoom Out function, you expect to see the balances in each account.
Instead, IMTSSTNG is appearing in the report output.
What is the issue with this report?
- A. You have not selected a member for Amount Type.
- B. You have not selected a member for Currency.
- C. You have not selected a member for Balance Amount.
Answer: A
NEW QUESTION # 40
You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?
- A. Style template
- B. Layout template
- C. Output type
- D. Sub template
- E. Data model
Answer: B,E
Explanation:
To modify the journal approval notification, you need to copy (or customize) and edit the layout template and the data model of the Analytics Publisher report. The layout template defines the appearance and content of the notification, such as the text, fields, tables, and images. The data model defines the data sources and queries that provide the data for the notification, such as the journal attributes, amounts, and statuses. You can use Template Builder for Word to edit the layout template and Analytics Publisher to edit the data model. You also need to download the Workflow Notification Subtemplate, which is a common subtemplate that contains the header and footer of the notification. You can preview the modified notification using the subtemplate and the data model. References:
* Modify Journal Approval Notifications with Analytics Publisher
* [Creating Analytics and Reports for Financials Cloud]
NEW QUESTION # 41
You are implementing amultipillarimplementation of bothHCM CloudandERP Cloud. You are implementingERP first, followed byHCM Cloud. You want to ensure yourledgers and chart of accounts are correctly defined.
What should you do? (Choose three.)
- A. Use HCM's Enterprise Structure Configurator (ESC) first.
- B. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets.
- C. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies.
- D. Use the Rapid Implementation spreadsheet when creating your enterprise structure.
- E. Deploy your chart of accounts.
Answer: A,B,D
NEW QUESTION # 42
Which three factors should you consider while specifying Intercompany System options?
- A. Automatic or manual batch numbering and the maximum transaction amount
- B. Whether to allow receivers to reject intercompany transactions
- C. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
- D. Approvers who will approve intercompany transactions
- E. Automatic or manual batch numbering and the minimum transaction amount
Answer: B,C,E
Explanation:
Intercompany System options are used to set up intercompany processing rules at the enterprise level, based on your specific business needs. They help you standardize and simplify transaction processing, minimize disputes, and reduce administrative costs. The three factors that you should consider while specifying Intercompany System options are:
* Automatic or manual batch numbering and the minimum transaction amount: These options help you control the numbering and the size of intercompany transactions. You can choose to use system generated or manual batch numbering, and you can specify a minimum threshold amount for intercompany transactions to prevent immaterial transactions. To use the minimum transaction amount option, you must also select an Intercompany currency option.
* Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies:
This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions. You can choose to standardize transaction processing by selecting an Intercompany currency, which means that all intercompany transactions created in the Intercompany module are entered in this currency. Alternatively, you can choose to allow intercompany transactions in local currencies, which means that intercompany transactions can be entered in the ledger currency of the sender or the receiver.
* Whether to allow receivers to reject intercompany transactions: This option helps you handle the approval and dispute resolution process for intercompany transactions. You can choose to allow receivers to reject intercompany transactions if they disagree with the sender's information, such as the amount, the account, or the date. If you enable this option, you must also specify the rejection reason and the notification details for the sender.
Intercompany System Options
Implementing Enterprise Structures and General Ledger
Implement General Ledger
NEW QUESTION # 43
What are The two advantages of having an intercompany segment in the Chart of Accounts?
- A. Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.
- B. Enables balancing of many to-many primary balancing segment value journals and many to many legal entity journals
- C. Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.
- D. Assists reconciling intercompany transactions and helps identify elimination entries.
Answer: A,D
NEW QUESTION # 44
What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?
- A. Transaction Objects
- B. Accounting Attributes
- C. Mapping Sets
- D. Event Entities
Answer: A
NEW QUESTION # 45
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 # 46
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 Revaluation process is run.
- C. They are updated automatically when the General Ledger period is opened.
- D. New dimensions can be added to a General Ledger balances cube.
- E. A new balances cube is created for a unique combination of ledger and currency.
Answer: D,E
Explanation:
Balances cubes are multidimensional databases that store financial balances for interactive reporting and analysis. A balances cube is created for each unique combination of ledger and currency, and it contains dimensions such as chart of accounts segments, periods, scenarios, and other user-defined attributes. New dimensions can be added to a balances cube by using the Manage Balances Cube Dimensions task in General Ledger. Balances cubes are updated automatically when journals are posted in General Ledger, and they can also be refreshed manually by using the Refresh Balances Cube task. Balances cubes are not affected by the Translation or Revaluation processes, as these processes only update the balances tables in General Ledger.
References:
* Overview of Oracle General Ledger Balances Cubes1
* Considerations for General Ledger Balances Cubes2
* Overview of Oracle Essbase Balances Cubes3
NEW QUESTION # 47
In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)
- A. The layout Template
- B. Output type
- C. The Data Model
- D. The Style Template
- E. The Sub Template
Answer: B,C
Explanation:
To add a global branding logo and more predefined transactional attributes to the journal approval email notification, you should copy (or customize) and edit the layout template and the data model. The layout template is a file that defines the appearance and content of the notification, such as text, images, tables, or charts. The data model is a file that defines the data sources and queries that provide data for the notification, such as predefined transactional attributes. You can copy (or customize) and edit the layout template and the data model using Oracle Analytics Publisher reports. You do not need to copy (or customize) and edit the output type, as this is a setting that determines the format of the notification output, such as HTML or PDF.
You do not need to copy (or customize) and edit the style template, as this is a file that defines the styles and formatting of the notification elements, such as fonts, colors, or margins. You do not need to copy (or customize) and edit the sub template, as this is a file that contains reusable content or logic that can be referenced by multiple layout templates. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Configure Workflow Approvals and Notifications 12
NEW QUESTION # 48
Which two are valid Data Access Set types? (Choose two.)
- A. Full Ledger
- B. Full access
- C. Read and Write access
- D. Read Only access
- E. Primary Balancing Segment Value
Answer: B,D
Explanation:
The two valid Data Access Set types are Full access and Read Only access. A Data Access Set is a security feature that defines the access level that users have to ledger data, such as balances, budgets, or journals. A Data Access Set type is an attribute that determines the type of access that users have to ledger data within a Data Access Set. The two valid Data Access Set types are Full access and Read Only access. Full access allows users to view and enter data for ledger data within a Data Access Set. Read Only access allows users to view but not enter data for ledger data within a Data Access Set. Full Ledger is not a valid Data Access Set type, but an option that determines whether a Data Access Set grants access to all balancing segment values in a ledger or only specific balancing segment values. Primary Balancing Segment Value is not a valid Data Access Set type, but an attribute that identifies the legal entity or business unit for which financial statements are prepared and balanced. Read and Write access is not a valid Data Access Set type, but an alternative term for Full access. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers 12
NEW QUESTION # 49
You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?
- A. Set the relevant option on the Specify Ledger Options page.
- B. Opt in to the Prevent Period Close option for the offering.
- C. You don't have to do anything; this option is enabled automatically.
- D. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
Answer: A
Explanation:
You can prevent the closure of a General Ledger accounting period if the accounting period for any of the corresponding subledgers is still open, or if incomplete accounting entries or transactions exist for the period.
This can help ensure an effective period close process that validates all transactions are complete and aren't held up during the close. To enable this feature, you need to set the relevant option on the Specify Ledger Options page for each primary ledger. The option is called Prevent General Ledger Period Closure When Open Subledger Periods Exist and it is located in the Period Close section. You can also specify which subledgers to include or exclude from the validation, except for Assets, which is automatically excluded by default. References:
* How to Prevent a General Ledger Period from Closing When Open Subledger Periods Exist
* Period Close Components
* Review: Prevent General Ledger Period Closure When Open Subledger Periods Exist
NEW QUESTION # 50
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. Translate only the adjusting journal entry.
- B. Enter another adjusting journal entry in the target currency to true up the balances.
- 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 # 51
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. Make sure the tree version was published successfully.
- B. Make sure the tree is active.
- C. Redeploy the chart of accounts.
- D. Make sure to flatten the rows of the tree version.
Answer: A
NEW QUESTION # 52
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. The Create Scenario Dimension Members program has not been run.
- B. Budgeting is not enabled in the Ledger options.
- C. Transfer Budget Balances to Budget Cubes has not been run.
- D. A value for the budget scenario is not created.
- E. Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
Answer: A,D
Explanation:
To use the Create Budgets in a Spreadsheet option, you need to have a budget scenario value and a scenario dimension member for your budget. A budget scenario value is a user-defined value that identifies a budget, such as FYXX Budget. A scenario dimension member is a member of the scenario dimension in the General Ledger balances cube that corresponds to a budget scenario value, such as FYXX_Budget. You can create budget scenario values and scenario dimension members using the Manage Budget Scenario Values task or the Create Scenario Dimension Members program. If you do not create these values and members, your budget will not appear in the Budget Name list of values in the spreadsheet. Therefore, the two reasons for your issue are:
* A value for the budget scenario is not created: You need to create a budget scenario value for your budget using the Manage Budget Scenario Values task. This task enables you to define and maintain budget scenario values and their attributes, such as description, start date, end date, and status. You can also specify whether the budget scenario value is enabled for budgeting and reporting. You need to enable the budget scenario value for budgeting to use it in the spreadsheet.
* The Create Scenario Dimension Members program has not been run: You need to run the Create Scenario Dimension Members program to create scenario dimension members for your budget scenario values. This program automatically creates scenario dimension members for all budget scenario values that are enabled for budgeting and do not have existing scenario dimension members. You can run this program manually or schedule it to run periodically. You need to run this program after you create or update budget scenario values to ensure that they are reflected in the scenario dimension.
:
Create Budgets in a Spreadsheet
Manage Budget Scenario Values
Create Scenario Dimension Members
NEW QUESTION # 53
You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?
- A. The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.
- B. The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.
- C. The members of the Close Monitor hierarchy must all share the same accounting convention.
Answer: A
NEW QUESTION # 54
You need to have invoices generated for certain intercompany transactions.
Where do you enable invoicing?
- A. Manage Intercompany Transaction Types
- B. Manage Intercompany System Options
- C. Manage Intercompany Receivables Assignment
- D. Manage Intercompany Organizations
Answer: A
NEW QUESTION # 55
You have been tasked with creating user-defined infolets to monitor key financial metrics. However, you cannot see the option to create infolets in the Infolet repository. What are the two requirements to be able to see the Create option?
- A. You must create a dashboard.
- B. You must define your OTBl analyses.
- C. You must publish a sandbox.
- D. You must be in a sandbox.
- E. You must activate Page Composer.
Answer: D,E
NEW QUESTION # 56
Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Alias feature and would like to see how the aliases will appear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.
Note:
. Prefix your alias name with 07, where 07 is
your exam ID.
. There is no Product or Intercompany impact.
Answer:
Explanation:
See the Explanation for the complete Solution.
Explanation:
Here are the steps you need to follow:
* In the Setup and Maintenance work area, go to the following:
* Offering: Financials
* Functional Area: Financial Reporting Structures
* Task: Manage Shorthand Aliases
* Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
* Click on the Add Row icon to create a new alias. Enter the following information:
* Alias Name: RevDom
* Account Template: 101-2000-400000-000-000-000
* Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center
* Enabled: Yes
* Start Date: Today's date
* End Date: Blank
* Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
* Account Aliases
* Enter a GL Account Alias
* Short Hand Alias in Fusion Financials Key Flexfield
* How to Enable Account Shorthand Aliases
NEW QUESTION # 57
You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?
- A. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
- B. Chart of Accounts and Business Units
- C. Legal Entities, Business Units, and Chart of Accounts
- D. Accounting Calendar
- E. Chart of Accounts
Answer: D,E
NEW QUESTION # 58
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Ace Oracle 1z0-1054-25 Certification with Actual Questions Mar 26, 2026 Updated: https://www.newpassleader.com/Oracle/1z0-1054-25-exam-preparation-materials.html
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