Online Access Free 1z0-1054-23 Practice Test

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?

• A.Assign the General Accounting Manager role to those users.
• B.Assign the security context value of UK Ledger to the user/role combination.
• C.Create a data access set that allows access to the UK Ledger.
• D.Assign the UK reference set to the user/role combination.

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?

• A.Translate only the adjusting journal entry.
• B.Rerun Revaluation and then rerun Translation.
• C.Enter another adjusting journal entry in the target currency to true up the balances.
• D.Rerun Translation and then reconsolidate your results.

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.)

• A.Cost center
• B.Intercompany Segment
• C.Natural Account
• D.Secondary Balancing
• E.Primary Balancing

You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

• A.Trial Balance report
• B.OTBI report
• C.Account group
• D.Financial Reporting Web Studio report

Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.