TOP CERT 1Z0-1054-24 EXAM | HIGH PASS-RATE 1Z0-1054-24: ORACLE FINANCIALS CLOUD: GENERAL LEDGER 2024 IMPLEMENTATION PROFESSIONAL 100% PASS

Top Cert 1z0-1054-24 Exam | High Pass-Rate 1z0-1054-24: Oracle Financials Cloud: General Ledger 2024 Implementation Professional 100% Pass

Top Cert 1z0-1054-24 Exam | High Pass-Rate 1z0-1054-24: Oracle Financials Cloud: General Ledger 2024 Implementation Professional 100% Pass

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Oracle 1z0-1054-24 Exam Syllabus Topics:

TopicDetails
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
  • 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 3
  • 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 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
  • 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.

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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q85-Q90):

NEW QUESTION # 85
On a primary ledger in Use system options close section, the following field has been selected:
'Prevent General Ledger Period Close When Open Subledger Periods Exist'.
What three exceptions will prevent closing of the accounting period?

  • A. No pending transaction in the General Ledger Interface table
  • B. Pending Transaction in General Ledger Interface
  • C. Intercompany Transactions are completed
  • D. Pending Intercompany Transactions

Answer: B,C,D


NEW QUESTION # 86
You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.

  • A. Analyze external system transactions.
  • B. Create the accounting in the source system and then import the journal entries into subledger accounting.
  • C. Capture accounting events.
  • D. Determine the accounting impact of transactions.

Answer: B


NEW QUESTION # 87
A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?

  • A. Query Designer
  • B. Smart Queries
  • C. Account Groups
  • D. Smart Slices

Answer: A

Explanation:
Query Designer is a Smart View tool that enables you to create and modify ad hoc queries on General Ledger balances cubes. You can use Query Designer to select the dimensions, members, and filters that you want to include in your query, and then retrieve the data in a grid format in Excel. You can also save, open, and refresh your queries as needed. Query Designer is the best tool for producing an income statement on a regular basis using Smart View, because it allows you to easily access and analyze the income and expense accounts, as well as the ledger, period, currency, and other dimensions that are relevant for your report. You can also customize the layout and format of your grid, and use Excel functions and features to enhance your report. References:
* Overview of Smart View
* Creating an Ad Hoc Analysis in Smart View


NEW QUESTION # 88
You are implementing amultipillarimplementation of bothHCM CloudandERP Cloud. You are implementingERP first, followed byHCM Cloud. You want to ensure yourledgers and chart of accounts are correctly defined.
What should you do? (Choose three.)

  • A. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets.
  • B. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies.
  • C. Use the Rapid Implementation spreadsheet when creating your enterprise structure.
  • D. Use HCM's Enterprise Structure Configurator (ESC) first.
  • E. Deploy your chart of accounts.

Answer: A,C,D


NEW QUESTION # 89
Your userforgot the password. How do you resolve this?

  • A. Log in to the user's machine as an Administrator and change the password from the login password.
  • B. Use the Manage Users page to update the user's information and change the password.
  • C. Use Access Policy Manager (APM) to reset the user's password.
  • D. Create a new user ID and password for the user.
  • E. Use Oracle Identity Management (OIM) to reset the user's password.

Answer: E


NEW QUESTION # 90
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