1054-22 Accounts Practice Questions
The free 1z0-1054-22: Oracle Financials Cloud: General Ledger 2022 Implementation Professional questions that deal with accounts, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #4
Which statement best describes the Chart of Accounts in Oracle Financials Cloud?
Correct answer: C
Explanation
The Chart of Accounts is a reporting structure that categorizes financial transactions.
Question #5
When defining a new segment in the Chart of Accounts, what must be specified?
Correct answer: C
Explanation
Each segment requires a defined segment value during set up in the Chart of Accounts.
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