The Best Practice Test Preparation for the 1Z0-1054-26 Certification Exam [Q73-Q89]

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October 8, 2026

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The Best Practice Test Preparation for the 1Z0-1054-26 Certification Exam

1Z0-1054-26 Exam Dumps, Practice Test Questions BUNDLE PACK

NEW QUESTION 73
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?

Define the intercompany segment with a default value.

Share the same value set for the company and intercompany segments.

Define the company segment and assign both the primary balancing segment and intercompany segment labels.

Create two different value sets for the company and intercompany segments.

According to Oracle documentation3, Oracle’s recommended method to define a chart of accounts that includes an intercompany segment when your customer plans to use segment value security rules for the Company segment is to share the same value set for the company and intercompany segments. Sharing the same value set enables you to use segment value security rules for both segments and ensures that the values in both segments are consistent. Therefore, option B is correct. Option A is incorrect because defining the intercompany segment with a default value does not enable segment value security rules for the intercompany segment. Option C is incorrect because defining the company segment and assigning both the primary balancing segment and intercompany segment labels does not enable segment value security rules for the intercompany segment. Option D is incorrect because creating two different value sets for the company and intercompany segments does not ensure that the values in both segments are consistent.

NEW QUESTION 74
SIMULATION
Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Alias feature and would like to see how the aliases will appear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note: . Prefix your alias name with 07, where 07 is your exam ID. . There is no Product or Intercompany impact.

See the Explanation for the complete Solution
Explanation:
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Shorthand Aliases
Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
Click on the Add Row icon to create a new alias. Enter the following information:
Alias Name: RevDom
Account Template: 101-2000-400000-000-000-000
Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center Enabled: Yes Start Date: Today’s date End Date: Blank Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
Account Aliases
Enter a GL Account Alias
Short Hand Alias in Fusion Financials Key Flexfield
How to Enable Account Shorthand Aliases

NEW QUESTION 75
Which two are valid Data Access Set types? (Choose two.)

Full access

Full Ledger

Primary Balancing Segment Value

Read and Write access

Read Only access

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.Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives – Define Ledgers12

NEW QUESTION 76
Your customer is a financial institution that needs to maintain average daily balances (ADB).
Which statement is true about this functionality in Oracle Fusion Cloud applications?

Average balances are stored for both subledger and general ledger balances.

Average balances are maintained for both actual and budget balances.

When using ADB, you must define a transaction calendar and assign it to your ledger.

NEW QUESTION 77
Your userforgot the password. How do you resolve this?

Use the Manage Users page to update the user’s information and change the password.

Create a new user ID and password for the user.

Use Oracle Identity Management (OIM) to reset the user’s password.

Use Access Policy Manager (APM) to reset the user’s password.

NEW QUESTION 78
You are reviewing the Intercompany Reconciliation report for the current period and notice that there is a difference for the period as indicated.

What could be reason for this difference?

The transaction needs to be transferred to Payables and accounted in the UK ledger.

The transaction needs to be transferred to Payables and accounted in the US ledger.

The transaction needs to be transferred to Receivables and accounted in the UK ledger.

The transaction needs to be transferred to Receivables and accounted in the US ledger.

NEW QUESTION 79
You have enabled the ledger option “Limit a journal to a single currency.” However, users are reporting that they can enter more than one currency when using the Create Journal task.
How would you resolve this issue?

Enable the Limit Journal to the Single Currency option for the Manual category.

Enable the Limit Journal to the Single Currency option for the Manual source.

Enable the Limit Journal to the Single Currency option for the required currencies.

Enable the Limit Journal to the Single Currency option for the ledger currency.

The ledger option alone does not enforce the single-currency restriction for every journal source automatically. Oracle General Ledger applies this restriction at the journal source level. Since users are creating journals manually through the Create Journal task, the relevant source is the Manual journal source. Therefore, to stop users from entering multiple currencies in a manually created journal, the Limit Journal to the Single Currency option must be enabled for the Manual source. The category is not the controlling setup point, and the restriction is not enabled by currency value. Oracle documentation explains that single-currency enforcement is configured by journal source, and applicable journal sources must have the option enabled for the restriction to apply.

NEW QUESTION 80
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?

The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.

The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.

The members of the Close Monitor hierarchy must all share the same accounting convention.

NEW QUESTION 81
What is the role of the OTBI Reporting tool in Oracle Cloud Financial Reporting?

It allows users to generate ad hoc reports, analyze financial data, and create user-defined analytics directly from the transaction tables.

It allows users to design boardroom-ready financial statements, ensuring compliance with regulatory accounting standards.

It allows users to create, manage, and deliver high-fidelity, pixel-perfect reports and documents that can be scheduled to run at specific intervals.

It allows users to perform spreadsheet-based multidimensional analysis from Microsoft Excel.

OTBI, or Oracle Transactional Business Intelligence, is designed for real-time operational and ad hoc analysis using transactional subject areas. In Financials, users can create analyses, dashboards, prompts, and user-defined analytics directly from transaction data. This is different from Financial Reporting Web Studio, which is used for boardroom-quality financial statements based on balances cubes. It is also different from BI Publisher, which is used for formatted, pixel-perfect reports and scheduled document output. Spreadsheet-based multidimensional analysis is the role of Smart View.
Therefore, the correct OTBI description is ad hoc reporting and transactional analysis. Oracle documentation describes OTBI as supporting analyses against transactional data, including financial subject areas such as General Ledger and Intercompany.

NEW QUESTION 82
You need to add new transactional attributes to the journal approval notification in an implementation project. Which two Business Intelligence catalog objects should you copy (or customize) and edit?

Sub template

Style template

Layout template

Output type

Data model

To modify the journal approval notification, you need to copy (or customize) and edit the layout template and the data model of the Analytics Publisher report. The layout template defines the appearance and content of the notification, such as the text, fields, tables, and images. The data model defines the data sources and queries that provide the data for the notification, such as the journal attributes, amounts, and statuses. You can use Template Builder for Word to edit the layout template and Analytics Publisher to edit the data model. You also need to download the Workflow Notification Subtemplate, which is a common subtemplate that contains the header and footer of the notification. You can preview the modified notification using the subtemplate and the data model.Reference:
Modify Journal Approval Notifications with Analytics Publisher
[Creating Analytics and Reports for Financials Cloud]

NEW QUESTION 83
You have enabled budgetary control and have a control budget set toAdvisorycontrol level. For September 2016, your budget for a given account combination is$5,000 USD.
In the same month, there is anapproved requisitionfor that account of$900and anapproved purchase orderfor that account of$2,500 USD. There is also aGeneral Ledger adjustment journal entryfor that account of$1,600 USD. Anapproved purchase order line of $400 USDis thencanceled.
Aninvoice is matchedto the purchase order for$2,100 USD.
Which two statements are true? (Choose two.)

As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016.

The system always consumes the budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation.

Funds reservation only happens for non-matched invoices, so the system will not reserve funds.

Purchase order encumbrance will be released for $2,100 US

NEW QUESTION 84
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.)

The layout Template

Output type

The Style Template

The Sub Template

The Data Model

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.Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives – Configure Workflow Approvals and Notifications12

NEW QUESTION 85
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?

By running the Revalue Balances process at month end

By running the Translate General Ledger Account Balances process

By running the final Create Accounting process at month end

By running the Journal Import process

A balance-level reporting currency stores translated balances rather than copied journals or subledger- level accounting detail. To populate balances into that reporting currency, Oracle General Ledger uses the Translate General Ledger Account Balances process. Revaluation is incorrect because revaluation adjusts foreign currency-denominated balances within a ledger and records unrealized gain or loss.
Create Accounting is a subledger accounting process and does not transfer balances to a balance-level reporting currency. Journal Import creates journals from interface data; it does not perform balance translation. For balance-level reporting currencies, Oracle documentation states that balances are transferred by running the Translate General Ledger Account Balances process, which restates ledger- currency account balances into the reporting currency.

NEW QUESTION 86
You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
01-000-4110-00
01-000-5299-000
01-000-5105-000
01-000-7640-00
Which two statements aretrueregardingcross-validation rules?

You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.

You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.

There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.

The rules validate and apply tonew accounts only.

The rules will validate and apply tonew and existing accounts.

NEW QUESTION 87
You are processing intercompany transactions in a country where accounting regulations require backing documents for each intercompany transfer. You decide to use the Intercompany module to ensure you can produce the relevant Accounts Payable and Accounts Receivable invoices.
How would you enable invoicing?

Select the invoicing option in Intercompany System Options.

Select the invoicing option when assigning the Receivables business unit.

Select the invoicing option for the relevant Intercompany Organizations.

Select the invoicing option for the relevant Intercompany Transaction Type.

Invoicing behavior for intercompany transactions is controlled by the Intercompany Transaction Type.
The transaction type determines whether the intercompany transaction is transferred directly to General Ledger or whether it requires invoicing through Receivables and Payables. This is why the invoicing option must be selected for the relevant transaction type, not merely in system options or on the intercompany organization. Assigning Receivables and Payables business units is necessary when invoices are required, but that assignment does not itself enable invoicing for the transaction flow. The key setup decision is made at the transaction type level. Oracle documentation explains that intercompany transaction type attributes determine whether transactions are sent to General Ledger or require invoice generation in Receivables and Payables.

NEW QUESTION 88
You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.

Determine the accounting impact of transactions.

Capture accounting events.

Create the accounting in the source system and then import the journal entries into subledger accounting.

Analyze external system transactions.

NEW QUESTION 89
Which two are predefined roles in General Ledger?

General Accountant

General Accounting Clerk

General Accounting Supervisor

General Accounting Manager

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