Oracle 1z0-1054-23 Exam Practice Questions (P. 1)
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Question #1
For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?
- AHistorical rates are converted into an average rate (original and new rate).
- BThe existing historical rate is deleted.
- CNothing, existing historical rates are not updated.
- DThe historical rate is replaced.
Correct Answer:
D
D
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Question #2
Which two statements are true about infotiles and infolets? (Choose two.)
- AYou can refresh infolets to see up-to-date data.
- BInfotiles pull data from a Smart View analysis.
- CInfolets are accessed only from the News Feed home page layout.
- DYou can create your own user-defined infolets.
- EInfotiles have Front view, Back view, and Expanded view.
Correct Answer:
AD
AD
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Question #3
A new cloud customer has designed a worldwide chart of accounts as follows:
Company (2 CHAR: Primary Balancing segment) — Department (3 CHAR: Cost Center) — Account (4 CHAR: Natural Account) — subAccount (4 CHAR: no label)
The project team has defined a new cross-validation combination set as follows:

The have loaded only the following data into the set:

They have completed all other setup steps. Which two new draft account code combinations will be created and added to the GL Code Combination table? (Choose two.)
Company (2 CHAR: Primary Balancing segment) — Department (3 CHAR: Cost Center) — Account (4 CHAR: Natural Account) — subAccount (4 CHAR: no label)
The project team has defined a new cross-validation combination set as follows:

The have loaded only the following data into the set:

They have completed all other setup steps. Which two new draft account code combinations will be created and added to the GL Code Combination table? (Choose two.)
- A03-120-1111-0001
- B01-110-1112-0001
- C02-120-1110-0001
- D03-111-1113-0001
- E02-110-1110-0001
Correct Answer:
BE
BE
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Question #4
Which two statements are true about balances cubes in General Ledger? (Choose two.)
- AThey are updated automatically when the Translation process is run.
- BThey are updated automatically when the General Ledger period is opened.
- CA new balances cube is created for a unique combination of ledger and currency.
- DNew dimensions can be added to a General Ledger balances cube.
- EThey are updated automatically when the Revaluation process is run.
- FManage Chart of Accounts Structure and Instance
Correct Answer:
AC
AC
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Question #5
An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?
- ALedger-level rule
- BLegal entity-level rule
- CChart of accounts rule
- DPrimary balancing segment rule
Correct Answer:
C
C
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