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100% Pass 2025 Oracle First-grade 1z0-1054-25: Oracle Financials Cloud: General Ledger 2025 Implementation Professional Official Study Guide

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Oracle 1z0-1054-25 Exam Syllabus Topics:

Topic
Details

Topic 1

Implementing Enterprise and Financial Reporting Structures: This section of the exam measures skills of Oracle ERP Implementation Consultants and covers the core components used in setting up enterprise structures and reporting configurations. It assesses knowledge in defining legal entities, jurisdictions, and geographies, as well as the design and configuration of Chart of Accounts. Candidates must also demonstrate how to set up and secure chart structures and manage reporting calendars and currencies.

Topic 2

Using AI
ML
Mobile and Other Automation Features: This final section assesses Finance Transformation Architects and focuses on the business value derived from incorporating AI, machine learning, and mobile capabilities in Oracle Financials. Candidates are expected to understand automation use cases and the practical benefits these modern features offer in streamlining financial operations.

Topic 3

Performing Period Close: Designed for Oracle Financial Application Managers, this section evaluates expertise in executing and managing the period close lifecycle. Topics include reconciliations, revaluation, translation, and consolidation. Candidates are required to configure the Period Close Monitor and associated setups like revaluation, allocations, and chart mappings for financial consolidation.

Topic 4

Processing Intercompany: This domain assesses the skills of Finance Integration Specialists in configuring and managing intercompany transactions. Candidates must understand balancing rules, clearing configurations, and transaction processing, as well as how to maintain intercompany reconciliations in multi-entity structures.

Topic 5

Implementing and Managing Journals: This section targets Oracle General Ledger Consultants and covers the full cycle of journal processing—from creation through approval to management. It includes configuration of journal-related objects and understanding how journals are sourced, tracked, and approved using predefined rules and workflows.

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Oracle Financials Cloud: General Ledger 2025 Implementation Professional Sample Questions (Q25-Q30):

NEW QUESTION # 25
Which two statements are true about balances cubes in General Ledger?

A. They are updated automatically when the General Ledger period is opened.
B. New dimensions can be added to a General Ledger balances cube.
C. They are updated automatically when the Revaluation process is run.
D. They are updated automatically when the Translation process is run.
E. A new balances cube is created for a unique combination of ledger and currency.

Answer: B,E

Explanation:
Balances cubes are multidimensional databases that store financial balances for interactive reporting and analysis. A balances cube is created for each unique combination of ledger and currency, and it contains dimensions such as chart of accounts segments, periods, scenarios, and other user-defined attributes. New dimensions can be added to a balances cube by using the Manage Balances Cube Dimensions task in General Ledger. Balances cubes are updated automatically when journals are posted in General Ledger, and they can also be refreshed manually by using the Refresh Balances Cube task. Balances cubes are not affected by the Translation or Revaluation processes, as these processes only update the balances tables in General Ledger. References:
* Overview of Oracle General Ledger Balances Cubes1
* Considerations for General Ledger Balances Cubes2
* Overview of Oracle Essbase Balances Cubes3

NEW QUESTION # 26
Which three Oracle Transactional Business Intelligence (OTBI) objects can be created by using the tools in the Oracle Business Intelligence (BI) catalog?

A. Reports
B. Dashboards
C. Analyses
D. Infolets
E. Infotiles

Answer: A,B,C

NEW QUESTION # 27
You want to achievemulti-step cascading allocations. Which feature do you use?

A. General Ledger journal entries
B. Formulas
C. Point of View (POV)
D. RuleSets

Answer: D

NEW QUESTION # 28
TheDelete Translated Balancesprocess provides the ability to completely reset translations in the event that significant changesare made to the accounting configuration.
Once the deletion process completes, what additional process must you run?

A. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
B. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
C. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
D. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Answer: C

NEW QUESTION # 29
What are The two advantages of having an intercompany segment in the Chart of Accounts?

A. Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.
B. Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.
C. Enables balancing of many to-many primary balancing segment value journals and many to many legal entity journals
D. Assists reconciling intercompany transactions and helps identify elimination entries.

Answer: B,D

NEW QUESTION # 30
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