Oracle Updated 1z0-1054-24 Exam Questions and Answers by aviraj

According to Oracle documentation3, you can opt out of the period close checking feature for these three subledgers by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE: Receipt accounting, Receivables, and Assets. The period close checking feature prevents you from closing a General Ledger period if there are any open subledger periods that exist for that ledger. You can opt out of this feature for specific subledgers by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE and setting the Enabled flag to No for those subledgers. Therefore, options A, B, and D are correct. Option C is incorrect because Revenue Management is not a subledger that can be opted out of the period close checking feature. Option E isincorrect because Order Management is not a subledger that can be opted out of the period close checking feature.

Here are the steps you need to follow:

In the Setup and Maintenance work area, go to the following:

Offering: Financials

Functional Area: Financial Reporting Structures

Task: Manage Shorthand Aliases

Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.

Click on the Add Row icon to create a new alias. Enter the following information:

Alias Name: RevDom

Account Template: 101-2000-400000-000-000-000

Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center

Enabled: Yes

Start Date: Today’s date

End Date: Blank

Click on the Save and Close button to save the alias.

You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:

Account Aliases

Enter a GL Account Alias

Short Hand Alias in Fusion Financials Key Flexfield

How to Enable Account Shorthand Aliases

 Here are the steps you need to follow:

In the Setup and Maintenance work area, go to the following:

Offering: Financials

Functional Area: Financial Reporting Structures

Task: Manage Chart of Accounts Mapping

Select the source chart of accounts (UK) and the target chart of accounts (CA) that you want to map.

Click on the Segment Rules tab to define the segment mapping rules. Enter the following information for each segment:

Segment Number: 1

Segment Name: Company

Mapping Type: Value

Source Value: *

Target Value: *

Segment Number: 2

Segment Name: LoB

Mapping Type: Value

Source Value: *

Target Value: *

Segment Number: 3

Segment Name: Account

Mapping Type: Range

Source From Value: 1000

Source To Value: 1999

Target Value: 11101

Mapping Type: Range

Source From Value: 2000

Source To Value: 2999

Target Value: 22100

Mapping Type: Range

Source From Value: 3000

Source To Value: 3999

Target Value: 34000

Mapping Type: Range

Source From Value: 4000

Source To Value: 4999

Target Value: 42000

Mapping Type: Range

Source From Value: 5000

Source To Value: 99999999

Target Value: 51100

Segment Number: 4

Segment Name: Cost Center

Mapping Type: Value

Source Value: 0

Target Value: Balance Sheet

Mapping Type: Value

Source Value: 000

Target Value: Balance Sheet

Mapping Type: Value

Source Value: *

Target Value: 610

Segment Number: 5

Segment Name: Product

Mapping Type: Value

Source Value: *

Target Value: *

Segment Number: 6

Segment Name: Intercompany

Mapping Type: Value

Source Value: *

Target Value: *

Click on the Save and Close button to save the segment mapping rules.

You have successfully created a Chart of Accounts mapping for the given scenario. For more information, you can refer to the following resources:

Overview of the Chart of Accounts Mapping Page

Chart of Accounts Structures and Instances

How To Create A Chart Of Accounts Mapping For A Secondary Ledger

How To Bulk Upload The Mapping Rules In “Manage Chart of Accounts Mapping”

Centralized Management of Chart of Accounts Configurations