1z0-1054-25 Oracle Financials Cloud: General Ledger 2025 Implementation Professional exact Exam Questions

Oracle Financials Cloud: General Ledger 2025 Implementation Professional

Last Update 2 hours ago Total Questions : 123

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Question # 1

Your company hascomplex consolidation requirementswithmultiple general ledger instances. You are usingOracle Hyperion Financial Managementto consolidate the disparateGeneral Ledgers.

You can typically map segments between yourgeneral ledger segmentto aHyperion Financial Management segment, such as:

Company to Entity

Department to Department

Account to Account

What happens to segments in yoursource general ledger, such asProgram, thatcannot be mappedtoHyperion Financial Management?

The unmapped segments default tofuture use segmentsin Hyperion Financial Management.

Data is summarized across segments that are not mapped to Hyperion Financial Management.

The data is not transferred.

Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

Question # 2

Which two statements are true regarding the export/import of reports?

To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.

A set of reports lists user names, suppliers, and customers that have been exported/imported.

The export/import reports are available only for Fusion Customer Relationship Management.

A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.

Reports on setup data can be used to compare and analyze how the data might have changed over time.

Question # 3

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?

Rerun Revaluation and then rerun Translation.

Translate only the adjusting journal entry.

Rerun Translation and then reconsolidate your results.

Enter another adjusting journal entry in the target currency to true up the balances.

Question # 4

Challenge 2

Manage Shorthand Aliases

Scenario

Your client intends to utilize the Shorthand Alias feature and would like to see how the aliases will appear when entering transactions.

Task 2

Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note:

. Prefix your alias name with 07, where 07 is

your exam ID.

. There is no Product or Intercompany

impact.

Question # 5

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.

Answer:

See the Explanation for the complete Solution.

Explanation:

Here are the steps you need to follow:

Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structures.

Click on the Create icon to create a new Chart of Accounts Structure. Enter the following information:

Structure Code: 07COA

Structure Name: 07 Chart of Accounts

Description: Chart of Accounts for candidate 07

Number of Segments: 5

Click on the Next button to define the segments. Enter the following information for each segment:

Segment Number: 1

Segment Name: Company

Value Set Code: 07Corporate Company

Value Set Name: 07 Corporate Company

Maximum Size: 3

Balancing: Yes

Segment Label: Company

Segment Number: 2

Segment Name: Cost Center

Value Set Code: 07Corporate Cost Center

Value Set Name: 07 Corporate Cost Center

Maximum Size: 4

Balancing: No

Segment Label: Cost Center

Segment Number: 3

Segment Name: Account

Value Set Code: 07Corporate Account

Value Set Name: 07 Corporate Account

Maximum Size: 8

Balancing: No

Segment Label: Natural Account

Segment Number: 4

Segment Name: Product

Value Set Code: 07Corporate Product

Value Set Name: 07 Corporate Product

Maximum Size: 3

Balancing: No

Segment Label: Product

Segment Number: 5

Segment Name: Intercompany

Value Set Code: 07Corporate Company

Value Set Name: 07 Corporate Company

Maximum Size: 3

Balancing: No

Segment Label: Intercompany

Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure.

Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structure Instances.

Click on the Create icon to create a new Chart of Accounts Structure Instance. Enter the following information:

Structure Code: 07COA

Structure Name: 07 Chart of Accounts

Description: Chart of Accounts for candidate 07

Chart of Accounts Structure: 07COA

Enabled: Yes

Allow Dynamic Inserts: Yes

Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure Instance.

You have successfully created a Chart of Accounts Structure and Instance for the given scenario. For more information, you can refer to the following resources:

Chart of Accounts Structures and Instances

Chart of Accounts Components

Minimum Steps For Financial Enterprise Structures Configuration

Overview of Creating and Configuring Chart of Accounts Structure and Instances

Question # 6

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

Answer:

See the Explanation for the complete Solution.

Explanation:

Here are the steps you need to follow:

In the Setup and Maintenance work area, go to the following:

Offering: Financials

Functional Area: Financial Reporting Structures

Task: Manage Chart of Accounts Mapping

Select the source chart of accounts (UK) and the target chart of accounts (CA) that you want to map.

Click on the Segment Rules tab to define the segment mapping rules. Enter the following information for each segment:

Segment Number: 1

Segment Name: Company

Mapping Type: Value

Source Value: *

Target Value: *

Segment Number: 2

Segment Name: LoB

Mapping Type: Value

Source Value: *

Target Value: *

Segment Number: 3

Segment Name: Account

Mapping Type: Range

Source From Value: 1000

Source To Value: 1999

Target Value: 11101

Mapping Type: Range

Source From Value: 2000

Source To Value: 2999

Target Value: 22100

Mapping Type: Range

Source From Value: 3000

Source To Value: 3999

Target Value: 34000

Mapping Type: Range

Source From Value: 4000

Source To Value: 4999

Target Value: 42000

Mapping Type: Range

Source From Value: 5000

Source To Value: 99999999

Target Value: 51100

Segment Number: 4

Segment Name: Cost Center

Mapping Type: Value

Source Value: 0

Target Value: Balance Sheet

Mapping Type: Value

Source Value: 000

Target Value: Balance Sheet

Mapping Type: Value

Source Value: *

Target Value: 610

Segment Number: 5

Segment Name: Product

Mapping Type: Value

Source Value: *

Target Value: *

Segment Number: 6

Segment Name: Intercompany

Mapping Type: Value

Source Value: *

Target Value: *

Click on the Save and Close button to save the segment mapping rules.

You have successfully created a Chart of Accounts mapping for the given scenario. For more information, you can refer to the following resources:

Overview of the Chart of Accounts Mapping Page

Chart of Accounts Structures and Instances

How To Create A Chart Of Accounts Mapping For A Secondary Ledger

How To Bulk Upload The Mapping Rules In “Manage Chart of Accounts Mapping”

Centralized Management of Chart of Accounts Configurations

Question # 7

Which two statements are true about the Intercompany Reconciliation report?

It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

It displays the intercompany receivables and intercompany payables balances in summary for a period.

You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.

It displays all clearing company balancing lines for a period.

Question # 8

You entered users who are bothemployees and contingent workers. You want an automated way toassign, reassign, and remove rolesfrom users. What feature do you use?

Oracle Identity Manager Roles Assignment

Access Policy Manager's Role Generation

You cannot reassign contingent workers

Role Mappings

Data Roles

Question # 9

You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?

The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.

The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.

The members of the Close Monitor hierarchy must all share the same accounting convention.

Question # 10

An Oracle Fusion Cloud customer operating in the financial services sector requires only a subset of the legal entities data captured in the primary ledgers to be transferred to the secondary ledgers.

Which journal data conversion level should be selected between the primary and secondary ledgers to achieve this?

Adjustment only

Journal

Balance