Online Access Free 1z0-1054-23 Exam Questions

Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

• A.There is no unrealized exchange gain or loss calculated.
• B.You have an unrealized exchange gain recorded.
• C.The original journal entry in Euros is updated.
• D.You have an unrealized exchange loss recorded.
• E.The original journal entry in Euros remains the same.

Which two statements are true about balances cubes in General Ledger?

• A.New dimensions can be added to a General Ledger balances cube.
• B.They are updated automatically when the General Ledger period is opened.
• C.They are updated automatically when the Translation process is run.
• D.They are updated automatically when the Revaluation process is run.
• E.A new balances cube is created for a unique combination of ledger and currency.

Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

• A.Define the Geography Validation for Country option to Error.
• B.Redefine the location structure.
• C.Define the Geography Validation for Country option to No Validation.
• D.Redefine the geography hierarchy.

You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

• A.Source
• B.Offset
• C.Target
• D.Basis
• E.Allocation Range