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Oracle 1z0-1054-23 Exam Actual Questions

The questions for 1z0-1054-23 were last updated on July 4, 2024.
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  • Viewing questions 1-4 out of 24 questions

Topic 1 - Exam A

Question #1 Topic 1

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

  • A. Historical rates are converted into an average rate (original and new rate).
  • B. The existing historical rate is deleted.
  • C. Nothing, existing historical rates are not updated.
  • D. The historical rate is replaced.
Reveal Solution Hide Solution   Discussion  

Correct Answer: D 🗳️

Question #2 Topic 1

Which two statements are true about infotiles and infolets? (Choose two.)

  • A. You can refresh infolets to see up-to-date data.
  • B. Infotiles pull data from a Smart View analysis.
  • C. Infolets are accessed only from the News Feed home page layout.
  • D. You can create your own user-defined infolets.
  • E. Infotiles have Front view, Back view, and Expanded view.
Reveal Solution Hide Solution   Discussion   1

Correct Answer: AD 🗳️

Question #3 Topic 1

A new cloud customer has designed a worldwide chart of accounts as follows:
Company (2 CHAR: Primary Balancing segment) — Department (3 CHAR: Cost Center) — Account (4 CHAR: Natural Account) — subAccount (4 CHAR: no label)
The project team has defined a new cross-validation combination set as follows:

The have loaded only the following data into the set:

They have completed all other setup steps. Which two new draft account code combinations will be created and added to the GL Code Combination table? (Choose two.)

  • A. 03-120-1111-0001
  • B. 01-110-1112-0001
  • C. 02-120-1110-0001
  • D. 03-111-1113-0001
  • E. 02-110-1110-0001
Reveal Solution Hide Solution   Discussion   1

Correct Answer: BE 🗳️

Question #4 Topic 1

Which two statements are true about balances cubes in General Ledger? (Choose two.)

  • A. They are updated automatically when the Translation process is run.
  • B. They are updated automatically when the General Ledger period is opened.
  • C. A new balances cube is created for a unique combination of ledger and currency.
  • D. New dimensions can be added to a General Ledger balances cube.
  • E. They are updated automatically when the Revaluation process is run.
  • F. Manage Chart of Accounts Structure and Instance
Reveal Solution Hide Solution   Discussion   2

Correct Answer: AC 🗳️

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A (35%)
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B (20%)
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