Oracle Financials Cloud: General Ledger 2022 Implementation Professional

Here you have the best Oracle 1z0-1054-22 practice exam questions

  • You have 55 total questions to study from
  • Each page has 5 questions, making a total of 11 pages
  • You can navigate through the pages using the buttons at the bottom
  • This questions were last updated on October 29, 2025
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Question 1 of 55
You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute needs to be set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation Report or Receivables to General Ledger Reconciliation Report?
    Correct Answer: E

Question 2 of 55
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timely manner?
    Correct Answer: D

Question 3 of 55
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a Primary and Secondary ledger.
The two accounting standards are very close. Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
    Correct Answer: E

Question 4 of 55
After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable “Limit a Journal to a Single Currency”? (Choose two.)
    Correct Answer: B, D

Question 5 of 55
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
    Correct Answer: A, B, E