Free Oracle 1Z0-1054-26 Exam Dumps Questions & Answers

Your UK operation has a requirement to maintain its ledger balances in USD to facilitate reporting to the parent company. A balance-level reporting currency has been created and linked to the primary ledger.
How are balances transferred to the reporting currency?

• A.  By running the Translate General Ledger Account Balances process
• B.  By running the Revalue Balances process at month end
• C.  By running the final Create Accounting process at month end
• D.  By running the Journal Import process

You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?

• A.  The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.
• B.  The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.
• C.  The members of the Close Monitor hierarchy must all share the same accounting convention.

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle ' s recommended method to define this chart of accounts?

• A.  Define the company segment and assign both the primary balancing segment and intercompany segment labels.
• B.  Define the intercompany segment with a default value.
• C.  Share the same value set for the company and intercompany segments.
• D.  Create two different value sets for the company and intercompany segments.

You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?

• A.  Close all subledger periods.
• B.  Close Intercompany periods in Fusion Intercompany.
• C.  Close the General Ledger period in the Manage Accounting Periods page.
• D.  Freeze the Intercompany Journal source in General Ledger.

You are implementingFinancials Cloudand are usingspreadsheetsto loadLegal Entities, Business Units, and Account Hierarchies.
Which threesetup objectscan be loaded via aspreadsheetfromFunctional Setup Manager?

• A.  Setup data for Receivables and Payables product.
• B.  Banks, Bank Accounts, and Branches
• C.  Suppliers and Customers
• D.  Chart of account values, accounting calendar, and ledger
• E.  Complete Accounting Configuration