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100% Pass 2025 Oracle - 1z0-1054-25 - Oracle Financials Cloud: General Ledger 2025 Implementation Professional Practice Tests

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Oracle 1z0-1054-25 Exam Syllabus Topics:

Topic
Details

Topic 1

Implementing Ledgers: This part evaluates the competencies of Financial Systems Analysts and focuses on defining and configuring ledgers within Oracle Financials. Candidates are expected to manage ledger-level security and understand how to utilize General Ledger Balances Cubes for better financial visibility and reporting accuracy.

Topic 2

Implementing Enterprise and Financial Reporting Structures: This section of the exam measures skills of Oracle ERP Implementation Consultants and covers the core components used in setting up enterprise structures and reporting configurations. It assesses knowledge in defining legal entities, jurisdictions, and geographies, as well as the design and configuration of Chart of Accounts. Candidates must also demonstrate how to set up and secure chart structures and manage reporting calendars and currencies.

Topic 3

Implementing and Managing Journals: This section targets Oracle General Ledger Consultants and covers the full cycle of journal processing—from creation through approval to management. It includes configuration of journal-related objects and understanding how journals are sourced, tracked, and approved using predefined rules and workflows.

Topic 4

Processing Intercompany: This domain assesses the skills of Finance Integration Specialists in configuring and managing intercompany transactions. Candidates must understand balancing rules, clearing configurations, and transaction processing, as well as how to maintain intercompany reconciliations in multi-entity structures.

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Oracle Financials Cloud: General Ledger 2025 Implementation Professional Sample Questions (Q76-Q81):

NEW QUESTION # 76
What is the key functionality of Smart View in Oracle Cloud Financial Reporting?

A. It is an Excel based add in that integrates with Oracle Essbase GL data for performing financial analysis and reporting.
B. It is a mobile application for accessing real-time financial dashboards on smartphones and tablets.
C. It is a data visualization tool that offers a library of interactive charts and graphs for financial analysis.

Answer: A

NEW QUESTION # 77
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. Financial Statement Generator
B. Account Inspector
C. Financial Reporting Studio
D. Smart View

Answer: C,D

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 # 78
Your customer isexpanding its operations. You defined a newledgerand severalbusiness units. However, you areunable to assignthe newly generateddata rolesto existingAccounts Payables and Accounts Receivablesusers in the shared service center.
What should you do to correct the problem?

A. Open the Manage Users page and make sure the employees at
B. Open the Oracle Identity Management (OIM) and make sure the data roles were created.
C. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
D. Open Access Policy Manager (APM) and assign the roles manually.

Answer: D

NEW QUESTION # 79
TheDelete Translated Balancesprocess provides the ability to completely reset translations in the event that significant changesare made to the accounting configuration.
Once the deletion process completes, what additional process must you run?

A. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
B. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
C. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
D. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Answer: D

NEW QUESTION # 80
You are reconciling yourPayablesandReceivablesbalances against theGeneral Ledger. You are using the Payables to Ledger Reconciliation report.
You notice discrepancies between the balances in thesubledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

A. All subledger transactions have been entered but do not have complete accounting.
B. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
C. Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet.
D. Intercompany transactions have not been fully processed.
E. Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

Answer: C,D,E

NEW QUESTION # 81
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