Videos - Excel Courses Online: From Beginner to Advanced Level

Alex Price Alex Price

0 Course Enrolled • 0 Course Completed

Biography

1z0-1054-24 Valid Real Exam - Exam 1z0-1054-24 Study Solutions

Obtaining a 1z0-1054-24 certificate can prove your ability so that you can enhance your market value. When you want to correct the answer after you finish learning, the correct answer for our 1z0-1054-24 test prep is below each question, and you can correct it based on the answer. In addition, we design small buttons, which can also show or hide the 1z0-1054-24 Exam Torrent, and you can flexibly and freely choose these two modes according to your habit. In short, you will find the convenience and practicality of our 1z0-1054-24 quiz guide in the process of learning. We will also continue to innovate and improve functions to provide you with better services.

Oracle 1z0-1054-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

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 4

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 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.

>> 1z0-1054-24 Valid Real Exam <<

Exam 1z0-1054-24 Study Solutions, New 1z0-1054-24 Exam Price

The updated Oracle 1z0-1054-24 exam questions are available in three different but high-in-demand formats. With the aid of practice questions for the Oracle 1z0-1054-24 exam, you may now take the exam at home. You can understand the fundamental ideas behind the Oracle 1z0-1054-24 Test Dumps using the goods. The Oracle 1z0-1054-24 exam questions are affordable and updated, and you can use them without any guidance.

Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q30-Q35):

NEW QUESTION # 30
You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

A. by creating Cross-Validation Rules desktop-integrated spreadsheet.
B. by using the Manage General Ledger Security page.
C. by using Cross-Validation Rules Import file-based data import (FBDI).
D. by using the Manage Cross-Validation Rules page.

Answer: C

Explanation:
According to Oracle documentation1, the most efficient way to update your existing cross-validation rules when you have redesigned your chart of accounts is to use Cross-Validation Rules Import file-based data import (FBDI). FBDI enables you to import cross-validation rules from a spreadsheet template into General Ledger. You can use FBDI to create new rules, update existing rules, or delete rules. Therefore, option C is correct. Option A is incorrect because using the Manage General Ledger Security page does not enable you to update cross-validation rules. Option B is incorrect because creating Cross-Validation Rules desktop- integrated spreadsheet does not enable you to update cross-validation rules. Option D is incorrect because using the Manage Cross-Validation Rules page does not enable you to update cross-validation rules efficiently.
According to Oracle documentation2, you should create a Data Access Set that allows access to the UK Ledger to allow users with the General Accountant job role to access the UK Ledger. A Data Access Set is a security feature that defines the ledgers and balancing segment values that a user can access. You can assign Data Access Sets to users or roles using the Manage Data Access for Users page. Therefore, option B is correct. Option A is incorrect because assigning the security context value of UK Ledger to the user/role combination does not enable access to the ledger. Option C is incorrect because assigning the General Accounting Manager role to those users does not enable access to the ledger. Option D is incorrect because assigning the UK reference set to the user/role combination does not enable access to the ledger.

NEW QUESTION # 31
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?

A. Smart View
B. Financial Reporting Studio
C. Account Inspector
D. Financial Statement Generator

Answer: A,B

Explanation:
Smart View and Financial Reporting Studio are two reporting tools that allow you to create and include charts such as bar graphs in your financial statements. Smart View is a multidimensional pivot analysis tool that enables you to interactively analyze your balances and define reports using a familiar spreadsheet environment. You can also insert charts and graphs to visualize your data. Financial Reporting Studio is a tool that lets you design and format financial reports using data from the Oracle General Ledger balances cube.
You can also add charts and graphs to enhance your reports and display data trends. References:
* Overview of Financial Reporting Center, Oracle Cloud Applications Financials 23B, https://docs.oracle.
com/en/cloud/saas/financials/23b/faiah/overview-of-financial-reporting-center.html
* Using Smart View with Oracle Financials Cloud, Oracle Cloud Applications Financials 23B,
https://docs.oracle.com/en/cloud/saas/financials/23b/fasvf/using-smart-view-with-oracle-financials- cloud.html
* Creating Financial Reports, Oracle Cloud Applications Financials 23B, https://docs.oracle.com/en/cloud
/saas/financials/23b/farug/creating-financial-reports.html

NEW QUESTION # 32
There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A. Balances Level
B. Subledger level
C. Spreadsheet level
D. Adjustment only level
E. Journal Level

Answer: A

Explanation:
According to Oracle documentation, when there is a business requirement for a subsidiary company to report to the parent company on a monthly basis with different currencies and no requirement to have daily balances, you should recommend Balance level as the data conversion level. A Balance level data conversion level enables you to translate balances from one currency to another at month-end or quarter-end for reporting purposes. A Balance level data conversion level minimizes the data stored in the reporting currency because it does not store daily balances or journal details. Therefore, option D is correct. Option A is incorrect because a Subledger level data conversion level stores daily balances and journal details in the reporting currency.
Option B is incorrect because a Journal Level data conversion level stores journal details in the reporting currency. Option C is incorrect because an Adjustment only level data conversion level does not translate balances from one currency to another. Option E is incorrect because a Spreadsheet level data conversion level does not exist.

NEW QUESTION # 33
You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

A. Period
B. Fiscal Year
C. Year
D. Calendar Year

Answer: B

Explanation:
According to Oracle documentation3, when you need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in, you should choose Fiscal Year as the format. A Fiscal Year format enables you to define periods based on fiscal years that span two calendar years. Therefore, option A is correct. Option B is incorrect because a Calendar Year format defines periods based on calendar years that start on January 1st and end on December
31st. Option C is incorrect because a Period format defines periods based on any number of days or weeks.
Option D is incorrect because a Year format defines periods based on calendar years that start on any month other than January and end on any month other than December.

NEW QUESTION # 34
You have enabled budgetary control and have a control budget set toAdvisorycontrol level. For September
2016, your budget for a given account combination is$5,000 USD.
In the same month, there is anapproved requisitionfor that account of$900and anapproved purchase order for that account of$2,500 USD. There is also aGeneral Ledger adjustment journal entryfor that account of
$1,600 USD. Anapproved purchase order line of $400 USDis thencanceled.
Aninvoice is matchedto the purchase order for$2,100 USD.
Which two statements are true? (Choose two.)

A. Purchase order encumbrance will be released for $2,100 USD.
B. The system always consumes the budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation.
C. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016.
D. Funds reservation only happens for non-matched invoices, so the system will not reserve funds.

Answer: A,C

NEW QUESTION # 35
......

This is an era of high efficiency, and how to prove your competitiveness, perhaps only through the 1z0-1054-24 certificates you get is the most straightforward. But the time is limited for many people since you may be caught with other affairs. With our 1z0-1054-24 study materials, all your problems will be solved easily without doubt. We can provide not only the trustable and valid 1z0-1054-24 Exam Torrent but also the most flexible study methods. And we can confirm that you are bound to pass your 1z0-1054-24 exam just as numerous of our other customers do.

Exam 1z0-1054-24 Study Solutions: https://www.prep4sures.top/1z0-1054-24-exam-dumps-torrent.html

Alex Price Alex Price

Biography

Company

Support