Fred Reed Fred Reed's Profile Page

Fred Reed Fred Reed

0 Course Enrolled 0 Course Completed

Biography

Pass Guaranteed Oracle 1z0-1054-24 Marvelous Reliable Exam Pattern

1z0-1054-24 study engine is very attentive to provide a demo for all customers who concerned about our products, whose purpose is to allow customers to understand our product content before purchase. Many students suspect that if 1z0-1054-24 learning material is really so magical? Does it really take only 20-30 hours to pass such a difficult certification exam successfully? It is no exaggeration to say that you will be able to successfully pass the exam with our 1z0-1054-24 Exam Questions.

DumpsMaterials offers a free demo of Oracle Financials Cloud: General Ledger 2024 Implementation Professional (1z0-1054-24) exam dumps before the purchase to test the features of the products. DumpsMaterials also offers 1 year of free 1z0-1054-24 exam questions updates if the 1z0-1054-24 certification exam content changes after purchasing our 1z0-1054-24 Exam Dumps. It is possible to adjust the 1z0-1054-24 practice test difficulty levels according to your needs. You can choose the number of Oracle 1z0-1054-24 questions and topics.

>> 1z0-1054-24 Reliable Exam Pattern <<

Exam 1z0-1054-24 Price - Reasonable 1z0-1054-24 Exam Price

Under the instruction of our 1z0-1054-24 exam torrent, you can finish the preparing period in a very short time and even pass the exam successful, thus helping you save lot of time and energy and be more productive with our Oracle Financials Cloud: General Ledger 2024 Implementation Professional prep torrent. In fact the reason why we guarantee the high-efficient preparing time for you to make progress is mainly attributed to our marvelous organization of the content and layout which can make our customers well-focused and targeted during the learning process with our 1z0-1054-24 Test Braindumps. For example, you will learn how to remember the exam focus as much as possible in unit time and draw inferences about other cases from one instance.

Oracle 1z0-1054-24 Exam Syllabus Topics:

Topic
Details

Topic 1

Managing Period Close Components: This section of the exam measures the skills of a Financial Consultant and covers activities necessary to complete a successful period close. It explains managing revaluations, translations, and consolidations, handling reconciliations, configuring the Close Monitor to track period close status, and creating allocations and periodic journal entries needed for finalizing accounting records.

Topic 2

Configuring Ledgers: This section of the exam measures the skills of an Implementation Consultant and focuses on setting up and maintaining ledgers. It explains managing ledger configurations, understanding the General Ledger balances cube for reporting purposes, and applying security controls to protect ledger data and ensure proper access management.

Topic 3

Using Financial Reporting: This section of the exam measures the skills of an Implementation Consultant and covers the use of financial reporting tools in Oracle Financials Cloud. It explains how to work with the Financial Reporting Center, create and manage reports using Financial Reporting Web Studio, use Oracle Transactional Business Intelligence (OTBI), leverage Smart View for reporting, and utilize the General Accounting Dashboard. It also describes analyzing budgets versus actuals with these tools.

Topic 4

Configuring Enterprise and Financial Reporting Structures: This section of the exam measures the skills of an Implementation Consultant and covers the setup of enterprise structures necessary for financial reporting. It includes configuring the chart of accounts, setting up account hierarchies, managing accounting calendars, securing chart of accounts segments, and handling legal jurisdictions, authorities, legal entities, geographies, and currencies to support an organization's financial operations.

Topic 5

Processing Journals: This section of the exam measures the skills of a Financial Consultant and covers the processes involved in capturing and managing journals. It explains how to configure journal approval workflows, outlines methods for entering journals, discusses average daily balance processing, and details the configuration and processing of intercompany transactions.

Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q66-Q71):

NEW QUESTION # 66
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 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

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

Answer: C,D

Explanation:
The revaluation process is used to adjust account balances denominated in a foreign currency. Revaluation adjustments represent the difference in account balances due to changes in conversion rates between the date of the original journal and the revaluation date. These adjustments are posted through journal entries to the underlying account with the offset posted to an unrealized gain or loss account. The two statements that are true about the resulting revaluation run are:
* You have an unrealized exchange loss recorded: Since the ledger currency (USD) has depreciated against the foreign currency (Euro) from the date of the original journal to the revaluation date, the account balance in USD has increased. This means that you have a loss on the

NEW QUESTION # 67
You want to achievemulti-step cascading allocations. Which feature do you use?

A. Formulas
B. Point of View (POV)
C. General Ledger journal entries
D. RuleSets

Answer: D

NEW QUESTION # 68
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
B. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
C. The report displays all clearing company balancing lines for a period.
D. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
E. The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

Answer: D,E

Explanation:
According to the Oracle documentation12, the Intercompany Reconciliation Report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison (option C). The report also includes ledger balancing lines generated when the primary balancing segment value is in balance, but either the second or third balancing segment values are not (option B). Option A is incorrect because you can drill down to the general ledger journal, subledger accounting entry, and source receivables or payables transaction2. Option D is incorrect because the report displays the intercompany receivables and intercompany payables balances in summary for a period, and any differences between them1
. Option E is incorrect because the report does not display clearing company balancing lines2.

NEW QUESTION # 69
You already ranTranslation, but a last-minuteadjusting journal entryin yourledger currencywas entered after you consolidated your results.
What does Oracle considerbest practicewhen this occurs?

A. Enter another adjusting journal entry in the target currency to true up the balances.
B. Rerun Translation and then reconsolidate your results.
C. Translate only the adjusting journal entry.
D. Rerun Revaluation and then rerun Translation.

Answer: B

NEW QUESTION # 70
You want to automatically post journal batches imported from subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?

A. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
B. Schedule your AutoPost Criteria set to run during off-peak hours only.
C. Create your AutoPost criteria using minimal sources and categories.
D. Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.

Answer: A,D

NEW QUESTION # 71
......

With their authentic and real 1z0-1054-24 exam questions, you can be confident of passing the Oracle 1z0-1054-24 certification exam on the first try. In conclusion, if you want to ace the Oracle Financials Cloud: General Ledger 2024 Implementation Professional (1z0-1054-24) certification exam and make a successful career in the Oracle sector, DumpsMaterials is the right choice for you. Their Oracle Financials Cloud: General Ledger 2024 Implementation Professional (1z0-1054-24) practice tests and preparation materials are designed to provide you with the best possible chance of passing the Oracle 1z0-1054-24 exam with flying colors. So, don't wait any longer, start your preparation now with DumpsMaterials!

Exam 1z0-1054-24 Price: https://www.dumpsmaterials.com/1z0-1054-24-real-torrent.html