100% Free Oracle 1Z0-1054-24 Practice Test Questions

Question 1

When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets. When defining new related value sets, which three configuration steps should be considered?

A : Link two value sets together

B : Use independent validation type value sets only

C : Order of the segments determines filtering sequence

D : Use table validated type value sets only

E : Link multiple value sets together

F : Order of the segments does not determine filtering sequence.

Answer: A,B,C

Question 2

You are required to change today’s daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?

A : Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.

B : Edit existing transactions and update the rates manually.

C : Use the spreadsheet loader from the Currency Rates Manager.

D : Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger’s Period Close work area.

E : Import daily rates through the Daily Rates open interface table.

Answer: C,D,E

Question 3

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 : Primary Balancing

B : Intercompany Segment

C : Secondary Balancing

D : Cost center

E : Natural Account

Answer: A,D,E

Question 4