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  1. Home
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  3. 1Z0-1054

Oracle 1Z0-1054 Exam (page: 1)
Oracle Financials Cloud: General Ledger 2019 Implementation Essentials
Updated on: 28-Sep-2025

Viewing Page 1 of 17
1Z0-1054 PDF 78 Questions

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

  1. Posting performance is much faster
  2. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
  3. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
  4. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
  5. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts

Answer(s): C,D



Which tool can you use to create a Financial Income Statement?

  1. One View Reporting
  2. PS/nVision
  3. Account Inspector
  4. Rapid Implementation Enterprise Structures setup

Answer(s): C



Which feature outside of reporting and analysis leverages the Essbase cube?

  1. revaluations and translation to revalue and translate currencies stored in the Essbase cube
  2. calculation manager to perform allocations based on multidimensional balances and budgets
  3. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
  4. journal entries and journal approval to create journals that update balances to the cube directly

Answer(s): A



Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.

What happens to the remaining $400 USD?

  1. Invoice type will have less funds available by $400 USD
  2. $400 USD will be expired and not available for use
  3. $400 USD will be added back to available funds
  4. Only obligation type will have $400 USD funds available
  5. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD

Answer(s): C



Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?

  1. Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
  2. Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
  3. Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.
  4. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

Answer(s): D



Viewing Page 1 of 17



Share your comments for Oracle 1Z0-1054 exam with other users:

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Anonymous


nspk 1/19/2024 12:53:00 AM

q 44. ans:- b (goto setup > order settings > select enable optional price books for orders) reference link --> https://resources.docs.salesforce.com/latest/latest/en-us/sfdc/pdf/sfom_impl_b2b_b2b2c.pdf(decide whether you want to enable the optional price books feature. if so, select enable optional price books for orders. you can use orders in salesforce while managing price books in an external platform. if you’re using d2c commerce, you must select enable optional price books for orders.)
Anonymous


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