Free Oracle Fusion Cloud Financials: General Ledger 2025 Implementation Professional Exam 1Z0-1054-25 Exam Practice Test

What type of user must be defined before you can create an Implementation Project?

• Implementation Users
• All roles that will be used throughout the implementation
• A full-time employee that has the FSM Superuser role assigned
• None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
• None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.

Which two statements are true if a journal description rule is defined with sources?

• The description rule may be assigned to either the header or line level, or to both.
• The description rule can only be assigned to the journal line level.
• You cannot assign journal description rules to sources.
• The description rule can only be assigned to the header or line level.
• The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.

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

You have set up a supporting reference with balances to capture revenue by account manager. Which option should you use to view the supporting reference balances?

• An OTBI analysis
• An Account Group
• General Ledger inquiries and reports
• A SmartView analysis

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.)

• Primary Balancing
• Intercompany Segment
• Secondary Balancing
• Cost center
• Natural Account

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

• Historical rates are converted into an average rate (original and new rate).
• The existing historical rate is deleted.
• Nothing, existing historical rates are not updated.
• The historical rate is replaced.

Your current Oracle Fusion Cloud implementation project includes the configuration of multiple ledgers per country and the setting up of accounting automation to drive journal processing efficiencies. In a particular country (which has a primary, secondary, and multiple reporting currency ledgers), there is a requirement to exclude the country's journal processing from accounting automation.If you enter a ledger set (including all ledgers for that country) on the Exclusion tab of Manage Accounting Automation, what is removed from accounting automation processing?

• Just the primary ledger
• The secondary and reporting currency ledgers only
• The primary, secondary, and reporting currency ledgers
• The primary and reporting ledgers only

Your user forgot the password. How do you resolve this?

• Use the Manage Users page to update the user's information and change the password.
• Create a new user ID and password for the user.
• Log in to the user's machine as an Administrator and change the password from the login password.
• Use Oracle Identity Management (OIM) to reset the user's password.
• Use Access Policy Manager (APM) to reset the user's password.

Which delivered role can access the full functionality of Functional Setup Manager?

• Application Implementation Manager
• Functional Setup Manager Superuser
• IT Security Manager
• Any functional user
• Application Implementation Consultant

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?

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