Oracle chinesedumps 1z0-1054-26 Exam Results by Cosmo q43 vce pdf

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Oracle 1z0-1054-26 Exam Overview :

Exam Name:	Oracle Financials Cloud: General Ledger 2026 Implementation Professional
Exam Code:	1z0-1054-26 Dumps
Vendor:	Oracle	Certification:	Oracle Financials Cloud
Questions:	143 Q&A's	Shared By:	cosmo

Question 20

Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains/losses from varying currency rates.

What steps must you perform to achieve this objective without causing data corruption?

Options:

Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.

Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.

Discussion

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Question 21

You are processing intercompany transactions in a country where accounting regulations require backing documents for each intercompany transfer. You decide to use the Intercompany module to ensure you can produce the relevant Accounts Payable and Accounts Receivable invoices.

How would you enable invoicing?

Options:

Select the invoicing option in Intercompany System Options.

Select the invoicing option when assigning the Receivables business unit.

Select the invoicing option for the relevant Intercompany Organizations.

Select the invoicing option for the relevant Intercompany Transaction Type.

Discussion

Question 22

Task 3

Manage Chart of Accounts Mappings

Scenario

Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts

has the following segments:

Company-LoB-Account-Cost Center-Product-Intercompany

Know that the Company, LoB, Product, and Intercompany segments share the same value sets.

Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:

Cost Center Mapping

. Balance Sheet (0 and 000) should be mapped to

Balance Sheet

. All other cost centers should be mapped to 610

Account Mapping

. Asset accounts (in the 1000 range) should be

mapped to account 11101

. Liability accounts (in the 2000 range) should be

mapped to account 22100

. Equity accounts (in the 3000 range) should be

mapped to account 34000

. Revenue accounts (in the 4000 range) should be

mapped to account 42000

. Expense accounts (from 5000 onwards) should be

mapped to account 51100

Note:

· Do not use conditions based on parents.

. Treat any account after the 5000 range as an expense.

· Ensure all maps are numeric only.

· When creating your mapping rules for each segment

please allow for existing and future segment values

Options:

Discussion

Answer:

Answer:

See the Explanation for the complete Solution.

Explanation:

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

Question 23

Manage Chart of Accounts Structure and Instance

Scenario

Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in

the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.

Task 1

Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Questions 23

Note:

· Prefix all your setups with 07, where 07 is your candidate ID

· There is one balancing segment.

· Choose the appropriate segment labels.

. For the purpose of this test there is no need to deploy the flexfield.

. Valid code combinations should be added to the Code Combination table automatically.

· Shorthand aliases will not be implemented.

. Accept the defaults for the instance segments.

Options:

Discussion

Answer:

Answer:

See the Explanation for the complete Solution.

Explanation:

Here are the steps you need to follow:

Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structures.

Click on the Create icon to create a new Chart of Accounts Structure. Enter the following information:

Structure Code: 07COA

Structure Name: 07 Chart of Accounts

Description: Chart of Accounts for candidate 07

Number of Segments: 5

Click on the Next button to define the segments. Enter the following information for each segment:

Segment Number: 1

Segment Name: Company

Value Set Code: 07Corporate Company

Value Set Name: 07 Corporate Company

Maximum Size: 3

Balancing: Yes

Segment Label: Company

Segment Number: 2

Segment Name: Cost Center

Value Set Code: 07Corporate Cost Center

Value Set Name: 07 Corporate Cost Center

Maximum Size: 4

Balancing: No

Segment Label: Cost Center

Segment Number: 3

Segment Name: Account

Value Set Code: 07Corporate Account

Value Set Name: 07 Corporate Account

Maximum Size: 8

Balancing: No

Segment Label: Natural Account

Segment Number: 4

Segment Name: Product

Value Set Code: 07Corporate Product

Value Set Name: 07 Corporate Product

Maximum Size: 3

Balancing: No

Segment Label: Product

Segment Number: 5

Segment Name: Intercompany

Value Set Code: 07Corporate Company

Value Set Name: 07 Corporate Company

Maximum Size: 3

Balancing: No

Segment Label: Intercompany

Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure.

Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structure Instances.

Click on the Create icon to create a new Chart of Accounts Structure Instance. Enter the following information:

Structure Code: 07COA

Structure Name: 07 Chart of Accounts

Description: Chart of Accounts for candidate 07

Chart of Accounts Structure: 07COA

Enabled: Yes

Allow Dynamic Inserts: Yes

Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure Instance.

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

Chart of Accounts Structures and Instances

Chart of Accounts Components

Minimum Steps For Financial Enterprise Structures Configuration

Overview of Creating and Configuring Chart of Accounts Structure and Instances

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