1z0-1054 Free Exam Questions & Answers (Updated 2026)

Question No 1

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?

Choose the Choices:

Question No 2

You are setting up Close Monitor, which compromises a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)

Choose the Choices:

Accounting Calendar

Legal Entities, Business Units, and Chart of Accounts

Chart of Accounts

Chart of Accounts and Business Units

Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method

Question No 3

You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?

Choose the Choices:

Use the Manage Accounting Periods page to view the status of all subledgers and ledgers

Access each subledgers’ calendar and General Ledger’s Manage Accounting Periods page to view the status of each period

Run Closing Status reports

Use Close Monitor in General Accounting Dashboard

Question No 4

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle’s recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?

Choose the Choices:

Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.

Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.

Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.

Question No 5

Which feature outside of reporting and analysis leverages the Essbase cube?

Choose the Choices:

revaluations and translation to revalue and translate currencies stored in the Essbase cube

calculation manager to perform allocations based on multidimensional balances and budgets

period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync

journal entries and journal approval to create journals that update balances to the cube directly

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Oracle 1z0-1054 Free Exam Questions (Updated 2026)

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