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Oracle Financials Cloud: General Ledger 2020 Implementation Essentials: 1Z0-1054-20

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Oracle Financials Cloud: General Ledger 2020 Implementation Essentials: 1Z0-1054-20

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  • Vendor: Oracle
  • Exam Code: 1Z0-1054-20
  • Exam Name: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
  • Certifications: Oracle Certifications
  • Total Questions: 55 Q&As( View Details)
  • Updated on: May 30, 2026
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1Z0-1054-20 Online Practice Questions and Answers

Questions 1

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.

What is Oracle's recommended practice when this occurs?

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

B. Rerun Translation and then re-consolidate your results

C. Rerun Revaluation and then rerun Translation

D. Translate only the adjusting journal entry

Show Answer

Questions 2

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.

What is Oracle's recommended approach to performing consolidations?

A. Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment

B. Use Oracle Hyperion Financial Management for this type of complex consolidation

C. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger

D. Define multiple ledgers for consolidation and report on ledger set

Show Answer

Questions 3

What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA)? (Choose three.)

A. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance

B. OTBI allows you to create user-defined reports from real-time transactional data against the database directly

C. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications

D. Cloud customers can use both OTBI and OBIA

E. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Show Answer More Questions

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