Ian Gray Ian Gray's Profile Page

Ian Gray Ian Gray

0 Course Enrolled • 0 Course Completed

Biography

1z0-1054-24 Detailed Study Dumps & 1z0-1054-24 Real Dump

You know, your time is very precious in this fast-paced society. If you only rely on one person's strength, it is difficult for you to gain an advantage. Our 1z0-1054-24 learning questions will be your most satisfied assistant. On one hand, our 1z0-1054-24 exam braindumps contain the most important keypoints about the subject which are collected by our professional experts who have been devoting in this career for years. On the other hand, we always keep updating our 1z0-1054-24 Study Guide to the latest.

Oracle 1z0-1054-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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.

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

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.

>> 1z0-1054-24 Detailed Study Dumps <<

Realistic 1z0-1054-24 Detailed Study Dumps - Oracle Financials Cloud: General Ledger 2024 Implementation Professional Real Dump Free PDF

The 1z0-1054-24 exam simulator plays a vital role in increasing your knowledge for exam. The Real4test’ Oracle Testing Engine provides an expert help and it is an exclusive offer for those who spend most of their time in searching relevant content in the books. It offers demos free of cost in the form of the Free 1z0-1054-24 Dumps. The Oracle 1z0-1054-24 exam questions aid its customers with updated and comprehensive information in an innovative style.

Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q31-Q36):

NEW QUESTION # 31
Which two are valid Data Access Set types? (Choose two.)

A. Primary Balancing Segment Value
B. Read Only access
C. Read and Write access
D. Full Ledger
E. Full access

Answer: B,E

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 # 32
Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains
/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

A. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
B. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
C. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
D. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required.The system will automatically update the translated balances.

Answer: A

NEW QUESTION # 33
You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?

A. Sub-ledger level.
B. Journal ledger
C. Adjustment only
D. Balance level

Answer: D

Explanation:
To keep a thin secondary ledger, you should select the balance level as the data conversion level. This means that only the ending balances of the primary ledger are copied to the secondary ledger at the end of each period. This reduces the data volume and storage requirements of the secondary ledger, as well as the processing time and resources needed to copy the data. The balance level conversion is suitable for scenarios where the accounting methods or charts of accounts are similar between the primary and secondary ledgers, and there is no need to maintain detailed journals or subledger transactions in the secondary ledger. References: Primary Ledgers, Secondary Ledgers, and Reporting Currencies, How Journals Are Copied from Primary to Secondary Ledgers When ..., GL Secondary Ledger Conversion Level Change

NEW QUESTION # 34
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. Output type
B. The Data Model
C. The Sub Template
D. The Style Template
E. The layout Template

Answer: A,B

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 # 35
After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

A. Profile option
B. Ledger options
C. Journal lookup codes
D. Journal category
E. Journal sources

Answer: B,E

Explanation:
To achieve the requirement of only single currency journals being entered for this company, you should enable "Limit a Journal to a Single Currency" on both ledger options and journal sources. Ledger options are settings that apply to a specific ledger, such as journal processing options, currency options, and average balance processing options. Journal sources are identifiers that indicate where a journal originated, such as manual entry, subledger accounting, or import. You can enable "Limit a Journal to a Single Currency" on both ledger options and journal sources using the Specify Ledger Options and Manage Journal Sources tasks in Setup and Maintenance. This will enforce single currency journals for journals entered on the Create Journal page and for journals that are imported. You do not need to enable "Limit a Journal to a Single Currency" on journal lookup codes, as these are codes that indicate the status of a journal, such as Entered, Posted, or Reversed. You do not need to enable "Limit a Journal to a Single Currency" on journal category, as this is an attribute that classifies journals by purpose or function, suchas Purchase Invoices or Allocations.
You do not need to enable "Limit a Journal to a Single Currency" on profile option, as this is a setting that affects the behavior of an application or feature for a user or responsibility. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers 12

NEW QUESTION # 36
......

Real4test provide training tools included Oracle certification 1z0-1054-24 exam study materials and simulation training questions and more importantly, we will provide you practice questions and answers which are very close with real certification exam. Selecting Real4test can guarantee that you can in a short period of time to learn and to strengthen the professional knowledge of IT and pass Oracle Certification 1z0-1054-24 Exam with high score.

1z0-1054-24 Real Dump: https://www.real4test.com/1z0-1054-24_real-exam.html

Ian Gray Ian Gray

Biography

Quick Links

Resources