Oracle 1Z0-1054-24 Exam Questions - Navigate Your Path to Success

The Oracle Financials Cloud: General Ledger 2024 Implementation Professional (1Z0-1054-24) exam is a good choice for Oracle Implementation Consultant Financial Consultants and if the candidate manages to pass Oracle Financials Cloud: General Ledger 2024 Implementation Professional exam, he/she will earn Oracle Cloud , Oracle ERP Certifications. Below are some essential facts for Oracle 1Z0-1054-24 exam candidates:

In actual Oracle Financials Cloud: General Ledger 2024 Implementation Professional (1Z0-1054-24) exam, a candidate can expect 50 Questions and the officially allowed time is expected to be around 90 Minutes.
TrendyCerts offers 89 Questions that are based on actual Oracle 1Z0-1054-24 syllabus.
Our Oracle 1Z0-1054-24 Exam Practice Questions were last updated on: Apr 28, 2025

Sample Questions for Oracle 1Z0-1054-24 Exam Preparation

Question 1

Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.

What two statements are true about the resulting revaluation run?

AThere is no unrealized exchange gain or loss calculated.

BYou have an unrealized exchange loss recorded.

CThe original journal entry in Euros is updated.

DThe original journal entry in Euros remains the same.

EYou have an unrealized exchange gain recorded.

Correct : B, D

The revaluation process is used to adjust account balances denominated in a foreign currency. Revaluation adjustments represent the difference in account balances due to changes in conversion rates between the date of the original journal and the revaluation date. These adjustments are posted through journal entries to the underlying account with the offset posted to an unrealized gain or loss account. The two statements that are true about the resulting revaluation run are:

You have an unrealized exchange loss recorded: Since the ledger currency (USD) has depreciated against the foreign currency (Euro) from the date of the original journal to the revaluation date, the account balance in USD has increased. This means that you have a loss on the

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Question 2

You are creating values for the chart of account value set that you are planning to use for the account segment within your Chart of Accounts. You are not able to assign an Account Type.

What is the reason for this?

AThe Account Type qualifier has not been enabled when defining the value set.

BYou have not set the Allow Budgeting attribute for the value set.

CYou are creating values before assigning the value set to the structure.

DYou have not set the Allow Posting attribute for the value set.

Correct : A