Real Oracle 1z0-1054-23 practice exam questions for easy pass!
Last Updated: Oct 09, 2026
No. of Questions: 52 Questions & Answers with Testing Engine
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| Section | Objectives |
|---|---|
| Period Close and Financial Reporting | - Close and Reporting Activities
|
| Journal Processing | - Journal Management
|
| Intercompany Accounting | - Intercompany Processing
|
| Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Budgeting and Allocations | - Financial Planning
|
| Ledger Configuration | - Ledger Management
|
| Security and Data Access | - Access Management
|
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
Correct Answer: A,B 🗳️
Explanation: Only visible for itPass4sure members. You can sign-up / login (it's free).
Which two statements are true regarding the Translation process? (Choose two.)
Correct Answer: D,E 🗳️
Explanation: Only visible for itPass4sure members. You can sign-up / login (it's free).
Which two are valid Data Access Set types? (Choose two.)
Correct Answer: C,D 🗳️
Explanation: Only visible for itPass4sure members. You can sign-up / login (it's free).
Which two statements are true about the Intercompany Reconciliation report?
Correct Answer: A,B 🗳️
Explanation: Only visible for itPass4sure members. You can sign-up / login (it's free).
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
Correct Answer: A,B 🗳️
Explanation: Only visible for itPass4sure members. You can sign-up / login (it's free).
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