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Oracle 1z0-1054-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 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	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.
Topic 4	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 5	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.

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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
InFinancial Cloud, which three reporting tools can be used to accessGeneral Ledger balances?

A. Oracle Enterprise Repository
B. Oracle Transactions Business Intelligence
C. Application Composer
D. Smart View
E. Financial Reporting Studio

Answer: B,D,E

NEW QUESTION # 51
Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?

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

Answer: C,D

NEW QUESTION # 52
What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

A. View information for runtime performance.
B. Optimize parent/child relationships.
C. Verify correctness of trees.
D. Set the status of a tree to active.
E. Create additional versions of a tree.

Answer: C,D

Explanation:
The two uses of the Column Flattening and Row Flattening features are to set the status of a tree to active and to verify correctness of trees. Column Flattening and Row Flattening are features that optimize parent-child information for run-time performance by storing additional rows or columns in a table for instantly finding all descendants or ancestors of a node without initiating a recursive query. Column Flattening and Row Flattening are required to set the status of a tree to active, as they ensure that the tree data is consistent and accurate. Column Flattening and Row Flattening are also useful to verify correctness of trees, as they allow users to view and analyze the flattened hierarchy data using various tools such as Oracle Analytics Publisher or Oracle Transactional Business Intelligence. You do not use Column Flattening and Row Flattening to create additional versions of a tree, as this is a feature that allows users to copy an existing tree version and make changes to it without affecting the original version. Youdo not use Column Flattening and Row Flattening to view information for runtime performance, as this is a feature that allows users to monitor and measure the performance of various processes or tasks in Oracle Fusion Applications. You do not use Column Flattening and Row Flattening to optimize parent/child relationships, as this is a feature that allows users to define rules and constraints for how nodes can be related to each other in a tree structure. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Chart of Accounts 1
2

NEW QUESTION # 53
Your customer isexpanding its operations. You defined a newledgerand severalbusiness units. However, you areunable to assignthe newly generateddata rolesto existingAccounts Payables and Accounts Receivablesusers in the shared service center.
What should you do to correct the problem?

A. Open Access Policy Manager (APM) and assign the roles manually.
B. Open the Manage Users page and make sure the employees at
C. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
D. Open the Oracle Identity Management (OIM) and make sure the data roles were created.

Answer: A

NEW QUESTION # 54
You are required to changetoday's daily ratesfor convertingGBP to USD. What are three ways in which you can update existing daily rates?

A. Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area.
B. Use the spreadsheet loader from the Currency Rates Manager.
C. Edit existing transactions and update the rates manually.
D. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.
E. Import daily rates through the Daily Rates open interface table.

Answer: A,B,E

NEW QUESTION # 55
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The Best Exam 1z0-1054-24 Objectives Pdf | Professional Exam Dumps 1z0-1054-24 Free: Oracle Financials Cloud: General Ledger 2024 Implementation Professional

Oracle 1z0-1054-24 Exam Syllabus Topics:

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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q50-Q55):

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