Printable PDFOracle 1Z0-1054-20 Exam Questions & Answers
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Vendor: Oracle
Exam Code: 1Z0-1054-20
Exam Name: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
Certification Provider: Oracle
Total Questions: 55 Q&A ( View Details)
Updated on: Mar 28, 2025
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1Z0-1054-20 Online Practice Questions and Answers
The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.
The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values for the accountant to select in the Suspense Account.
What is the reason for this?
A. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page
B. The general accountant has a segment value security rule assigned which restricts access to that cost center
C. There is a primary balancing segment attached to the legal entity of the primary ledger
D. A cross validation rule is in place to prevent the resulting combination from being created
You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?
A. Calendar
B. Fiscal
C. Year
D. Period
Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost center segment and program segment levels.
Which two recommendations would you give your customer? (Choose two.)
A. Additional intercompany rules will need to be defined for the two additional balancing segments
B. Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
C. Additional intercompany balancing and clearing options will need to be defined
D. When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
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