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1Z0-1054-24: Oracle Financials Cloud General Ledger 2024 Implementation Essentials Cert, Exams of Payment Systems

University of RoehamptonPayment Systems

1Z0-1054-24: Oracle Financials Cloud General Ledger 2024 Implementation Essentials Certification Exam Sample Questions & Correct Verified Answers. Already Graded A+

Typology: Exams

2024/2025

Available from 11/09/2024

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1Z0-1054-24: Oracle Financials Cloud General
Ledger 2024 Implementation Essentials
Certification Exam Sample Questions & Correct
Verified Answers. Already Graded A+
01. Your user forgot the password. How do you resolve this?
a) Use the Manage Users page to update the user's information and
change the password.
b) Use Oracle Identity Management (OIM) to reset the user's password.
c) Log in to the user's machine as an Administrator and change the
password from the login password.
d) Use Access Policy Manager (APM) to reset the user's password.
e) Create a new user ID and password for the user. – ANS b) Use Oracle
Identity Management (OIM) to reset the user's password.
02. How do you hide accounts with no balances showing #Missing in
Smart view?
a) Select the Data/Missing check box in the Data Options tab.
b) Use Excel functions to hide rows with #Missing assigned
c) Choose the Suppress Zeros option under Data options.
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Download 1Z0-1054-24: Oracle Financials Cloud General Ledger 2024 Implementation Essentials Cert and more Exams Payment Systems in PDF only on Docsity!

1Z0-1054-24: Oracle Financials Cloud General

Ledger 2024 Implementation Essentials

Certification Exam Sample Questions & Correct

Verified Answers. Already Graded A+

  1. Your user forgot the password. How do you resolve this? a) Use the Manage Users page to update the user's information and change the password. b) Use Oracle Identity Management (OIM) to reset the user's password. c) Log in to the user's machine as an Administrator and change the password from the login password. d) Use Access Policy Manager (APM) to reset the user's password. e) Create a new user ID and password for the user. – ANS b) Use Oracle Identity Management (OIM) to reset the user's password.
  2. How do you hide accounts with no balances showing #Missing in Smart view? a) Select the Data/Missing check box in the Data Options tab. b) Use Excel functions to hide rows with #Missing assigned c) Choose the Suppress Zeros option under Data options.

d) This indicates a database connection issue. Try to reconnect to Fusion Applications. – ANS a) Select the Data/Missing check box in the Data Options tab.

  1. Which repot show you differences between your subledger balances and General Ledger balances? a) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports b) Payables and Receivables Aging Reports with the General Ledger Trial Balance report c) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report d) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
  • ANS a) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports c) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
  1. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates. What steps must you perform to achieve this objective without causing data corruption? a) Define a new ledger and accounting configuration. The СТА account cannot be updated after the ledger has been in use. b) Query the Translation journals and delete all of them, then change the СТА account in the Ledger page, and rerun Translation for all periods required. c) Open the Ledgers page and update the СТА account and then rerun Translation for all periods required. The system will automatically update the translated balances. d) Purge all translated balances, change the СТА account in the Ledger page, and rerun Translation for all periods required. – ANS d) Purge all translated balances, change the СТА account in the Ledger page, and rerun Translation for all periods required.
  2. Identify three functions of Functional Setup Manager. a) Provide a central place to access and perform all of the setup steps across Cloud application products.

b) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted. c) Automatically mark the status of tasks as Completed after they have been completed. d) Assign setup tasks to individuals with due dates where users must manually update their completion status. e) Centrally manage the close processes across subledgers and ledgers.

  • ANS a) Provide a central place to access and perform all of the setup steps across Cloud application products. b) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted. d) Assign setup tasks to individuals with due dates where users must manually update their completion status.
  1. Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting tor these products? a) Each product has its own Intercompany Accounting feature that needs to be set up separately.

b) Using Workspace, assemble multiple reports into a book. c) Use a Report Batch to run reports at a specific time to create a set of snapshot reports based on accounting information at that specific point in time. d) The reports contained in the book can be printed or viewed individually or as an entire book that includes a table of contents. e) Snapshot reports can only be viewed online.

  • ANS b) Using Workspace, assemble multiple reports into a book. c) Use a Report Batch to run reports at a specific time to create a set of snapshot reports based on accounting information at that specific point in time. d) The reports contained in the book can be printed or viewed individually or as an entire book that includes a table of contents
  1. In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles? a) They can format each table by hiding and showing columns, moving columns, and resizing columns. b) They can use Personalization to move and remove regions from those pages.

c) Users have very little control customizing their Dashboards and Work Areas; they can only resize columns. d) They can have the System Administration customize pages for them using Page Composer.

  • ANS a) They can format each table by hiding and showing columns, moving columns, and resizing columns. b) They can use Personalization to move and remove regions from those pages. Start your Preparation for Oracle 1Z0-1054-21 and become Oracle Financials Cloud General Ledger 2021 Implementation Essentials certified with www.dbexam.com. Here you get online practice tests prepared and approved by Oracle certified experts based on their own certification exam experience. Here, you also get the detailed and regularly updated syllabus for Oracle 1Z0-1054-21. Oracle 1Z0-1054- practice tests provided by www.dbexam.com is just one of the promising techniques of preparation for the 1Z0-1054-21 exam. This Oracle Financials Cloud General Ledger 2021 Implementation Essentials practice tests are composed by a team of experienced professionals. Upgraded Financials Cloud General Ledger Implementation Essentials practice questions will give you the useful experience of learning for the Oracle

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