oracle 1z0-1054-25 practice test

You have a requirement to override the Period End or Period Average rate that is used for translating
several accounts at month end. How can you achieve this?

• A. Use the Manage Revaluations task to create a revaluation definition for those accounts.
• B. Use the Manage Historical Rates task to assign a historical rate or amount to those accounts.
• C. Use the Translate Balances process parameters to specify the rate or amount for those accounts.

Which Two predefined job roles automatically have the assigned privileges to access Financial
Reporting Center?

• A. Account Receivables Manager
• B. Payables Supervisor
• C. General Accounting Manager
• D. Budget Manager
• E. Intercompany Manager

Financial Reporting Web Studio is a powerful tool within the Oracle Fusion Cloud suite, designed to
empower financial professionals with advanced reporting capabilities.
Which two are key capabilities of Financial Reporting Web Studio?

• A. It can be used to create financial statements.
• B. It uses a drag and drop interface for report design.
• C. It helps group reports or books into batches for processing or scheduling.
• D. It provides Batch Bursting options including e-mail and print.

What is the key functionality of Smart View in Oracle Cloud Financial Reporting?

• A. It is an Excel based add in that integrates with Oracle Essbase GL data for performing financial analysis and reporting.
• B. It is a data visualization tool that offers a library of interactive charts and graphs for financial analysis.
• C. It is a mobile application for accessing real-time financial dashboards on smartphones and tablets.

Which Two are key capabilities of Account Groups within the General Accounting Dashboard?

• A. Monitor key accounts automatically in real time on an exception or permanent basis.
• B. Create Reports, Books, Snapshot Reports, Snapshot Books, and Financial Reporting Batches.
• C. Analyze change percentages based on defined rules and thresholds to assess whether balance variances are favorable or unfavorable.
• D. Schedule reports to run automatically at selected intervals and to various destinations, such as printer or email.

You have created several account groups with the Display in option as Expenses.
Which setting determines the account group that will be displayed in the General Accounting infolets
on your home page?

• A. Set in Expenses
• B. Set as Default
• C. Access is Public
• D. Access is Shared

You are planning to use Financial Reporting Web Studio to create your income statement and balance
sheet reports.
Which report component allows you to connect with GL Balances Cube?

• A. Point of View
• B. Design Canvas
• C. Grid
• D. Object Browser

You have created an OTBI analysis with more than one view. You plan to add prompts to the report
that are specific to each view.
Where should you define your prompts?

• A. View Selector
• B. Compound Layout
• C. Analysis Properties
• D. Prompts Tab

You create a Trial Balance type report using Smart View. As you include all segments for the Chart of
Accounts, you expect to see zero balance. Further with the Zoom Out function, you expect to see the
balances in each account.
Instead, IMTSSTNG is appearing in the report output.
What is the issue with this report?

• A. You have not selected a member for Currency.
• B. You have not selected a member for Amount Type.
• C. You have not selected a member for Balance Amount.

You have been tasked with creating user-defined infolets to monitor key financial metrics. However,
you cannot see the option to create infolets in the Infolet repository. What are the two requirements
to be able to see the Create option?

• A. You must activate Page Composer.
• B. You must publish a sandbox.
• C. You must define your OTBl analyses.
• D. You must be in a sandbox.
• E. You must create a dashboard.