Oracle 1z0-1054-23 Exam Questions

Question 6 of 24

Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?

Assign the UK reference set to the user/role combination.

Assign the security context value of UK Ledger to the user/role combination.

Create a data access set that allows access to the UK Ledger.

Assign the General Accounting Manager role to those users.

Correct Answer: C

Question 7 of 24

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? (Choose two.)

Reporting currency with the local accounting convention

Reporting currency with the IFRS accounting convention

Secondary ledger with the IFRS accounting convention

Primary ledger with the IFRS accounting convention

Primary ledger with the local accounting convention

Correct Answer: C, E

Question 8 of 24

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?

Define the Geography Validation for Country option to Error.

Redefine the location structure.

Redefine the geography hierarchy.

Define the Geography Validation for Country option to No Validation.

Correct Answer: A

Question 9 of 24

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle's recommended practice when this occurs?

Rerun Revaluation and then rerun Translation.

Translate only the adjusting journal entry.

Rerun Translation and then reconsolidate your results.

Enter another adjusting journal entry in the target currency to true up the balances.

Correct Answer: C

Question 10 of 24

You need to add new transactional attributes to the journal approval notification in an implementation project. Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

Sub template

Style template

Layout template

Output type

Data model

Correct Answer: C, E