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Oracle 1z0-1054-24 Exam With Confidence Using Practice Dumps

Exam Code:
1z0-1054-24
Exam Name:
Oracle Financials Cloud: General Ledger 2024Implementation Professional
Certification:
Oracle Financials Cloud
Vendor:
Oracle
Questions:
89
Last Updated:
Apr 30, 2025
Exam Status:
Stable
Oracle 1z0-1054-24

1z0-1054-24: Oracle Financials Cloud Exam 2025 Study Guide Pdf and Test Engine

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Oracle Financials Cloud: General Ledger 2024Implementation Professional Questions and Answers

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Question 1

Task 3

Manage Chart of Accounts Mappings

Scenario

Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts

has the following segments:

Company-LoB-Account-Cost Center-Product-Intercompany

Know that the Company, LoB, Product, and Intercompany segments share the same value sets.

Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:

Cost Center Mapping

. Balance Sheet (0 and 000) should be mapped to

Balance Sheet

. All other cost centers should be mapped to 610

Account Mapping

. Asset accounts (in the 1000 range) should be

mapped to account 11101

. Liability accounts (in the 2000 range) should be

mapped to account 22100

. Equity accounts (in the 3000 range) should be

mapped to account 34000

. Revenue accounts (in the 4000 range) should be

mapped to account 42000

. Expense accounts (from 5000 onwards) should be

mapped to account 51100

Note:

· Do not use conditions based on parents.

. Treat any account after the 5000 range as an expense.

· Ensure all maps are numeric only.

· When creating your mapping rules for each segment

please allow for existing and future segment values

Options:

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Question 2

What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

Options:

A.

Mapping Sets

B.

Accounting Attributes

C.

Transaction Objects

D.

Event Entities

Question 3

You want to achievemulti-step cascading allocations. Which feature do you use?

Options:

A.

RuleSets

B.

Formulas

C.

General Ledger journal entries

D.

Point of View (POV)

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