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1Z0-1054-20 Exam Questions & Answers

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1Z0-1054-20 Exam Questions & Answers

Vendor: Oracle

Certifications: Oracle Certifications

Exam Code: 1Z0-1054-20

Exam Name: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials

Updated: Jul 01, 2025

Q&As: 55 ( View Details)

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1Z0-1054-20 Online Practice Questions and Answers

Questions 1

You entered the following information in the Companies and Legal Entities tab of the Rapid Implementation Spreadsheet: Assuming currency is left blank in the Ledger worksheet, how many Ledgers will the process create?

A. 6

B. 3

C. 4

D. 5

Show Answer
Questions 2

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.

Which two options explain that? (Choose two.)

A. The Account Rule's conditions are not defined

B. The Account Rule's chart of accounts has no account values assigned

C. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

D. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set

Show Answer
Questions 3

You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?

A. The purchase order is Open and the invoice is Validated

B. Both are reserved

C. Both are Partially Reserved

D. The purchase order is Partially Liquidated and the invoice is Partially Reserved

E. The purchase order is Liquidated and the invoice is Partially Reserved

F. The purchase order is Partially Liquidated and the invoice will be Reserved

Show Answer More Questions

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