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1Z0-1054-24 Pack
Vendor: Oracle
Exam Code: 1Z0-1054-24
Exam Name: Oracle Financials Cloud: General Ledger 2024 Implementation Professional
Exam Questions: 89
Last Updated: January 10, 2026
Related Certifications: Oracle Cloud , Enterprise Resource Planning
Exam Tags: Intermediate Oracle Implementation ConsultantFinancial Consultants
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Free Oracle 1Z0-1054-24 Exam Actual Questions

Question No. 1

Which two statements are true regarding the Translation process? (Choose two.)

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Correct Answer: A, B

According to Oracle documentation1, the following statements are true regarding the Translation process: Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account, and if necessary, before submitting the Translation process, the Revaluation process should be completed. The Translation process enables you to translate balances from one currency to another for reporting purposes. The Translation process calculates any difference between the translated balance and the entered balance and posts it to the Cumulative Translation Adjustment account. The Revaluation process enables you to adjust balances denominated in foreign currencies to reflect current exchange rates. The Revaluation process should be completed before the Translation process to ensure that the balances are accurate. Therefore, options A and B are correct. Option C is incorrect because the Translation process should be run after posting Period Close adjustment entries. Option D is incorrect because the Translation process can be used for translating the balances of primary ledgers, secondary ledgers, and reporting currencies. Option E is incorrect because the Translation process can be used to translate both balance sheet accounts and income statement accounts.


Question No. 2

You are planning to create an Income Statement using Smart View.

Which Smart View tool should you use for this?

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Correct Answer: C

To create an Income Statement using Smart View, you should use Ad Hoc Analysis. Ad Hoc Analysis is a Smart View tool that allows users to view and analyze financial data from General Ledger Cloud using Essbase cubes. Users can create reports such as Income Statements or Balance Sheets by selecting dimensions and members from Essbase cubes and retrieving data into Excel worksheets. Users can also perform actions such as drilling down, pivoting, zooming in or out, or expanding or collapsing members


Question No. 3

Which two statements are TRUE regarding the Balances Cubes in General Ledger?

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Correct Answer: A, E

Question No. 4

You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first, followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined.

What should you do? (Choose three.)

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Correct Answer: B, D, E

Question No. 5

Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.

What should you do to correct the problem?

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Correct Answer: C

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