Free Oracle 1z0-1054-25 Exam Dumps Questions & Answers

The Journal Import process pulls information from the GL Interface table to create valid, postable journal entries in General Ledger.
Which two statements are true about the Journal Import process?

• A.  Any error transactions from Oracle Subledgers can be easily deleted and resubmitted.
• B.  FBDI can be used to upload journal entry data from external sources into General Ledger.
• C.  The process validates all your data before it creates journal entries in General Ledger.
• D.  You can only validate and select to transfer journal data in the Summary mode.

You have created several account groups with the Display in option as Expenses.
Which setting determines the account group that will be displayed in the General Accounting infolets on your home page?

• A.  Access is Shared
• B.  Access is Public
• C.  Set in Expenses
• D.  Set as Default

Which three are considered legal jurisdictions?

• A.  Post Code
• B.  Identifying Zone
• C.  Single Country
• D.  Group of Countries
• E.  State

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?

• A.  The rules validate and apply tonew accounts only.
• B.  You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
• C.  You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
• D.  The rules will validate and apply tonew and existing accounts.
• E.  There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.

A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

• A.  Secondary ledger with the IFRS accounting convention
• B.  Primary ledger with the IFRS accounting convention
• C.  Reporting currency with the IFRS accounting convention
• D.  Primary ledger with the local accounting convention
• E.  Reporting currency with the local accounting convention