Oracle Updated 1z0-1054-25 Exam Questions and Answers by salahuddin

According to Oracle documentation3, when you need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in, you should choose Fiscal Year as the format. A Fiscal Year format enables you to define periods based on fiscal years that span two calendar years. Therefore, option A is correct. Option B is incorrect because a Calendar Year format defines periods based on calendar years that start on January 1st and end on December 31st. Option C is incorrect because a Period format defines periods based on any number of days or weeks. Option D is incorrect because a Year format defines periods based on calendar years that start on any month other than January and end on any month other than December.

According to Oracle’s documentation, if you enter and post additional journal entries in your ledger currency after you run translation, you should rerun translation for the entire ledger or ledger set to ensure that all balances are translated using the same exchange rates. Then, you should reconsolidate your results to reflect the updated translated balances. References:

Using General Ledger, page 9-7: “If you enter and post additional journal entries in your ledger currency after you run translation, you should rerun translation for the entire ledger or ledger set.”

Using General Ledger, page 9-8: “After you run translation, you can consolidate your results to create a consolidated balance sheet and income statement.”

Implement General Ledger, page 2-10: “You can translate and consolidate balances as part of the period close process.”