Oracle 1z0-1054-23 Exam Actual Questions

The questions for 1z0-1054-23 were last updated on Nov. 25, 2024.

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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 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 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 Discussion 2

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 Discussion 3

Correct Answer: AC 🗳️