Question 16 - Oracle 1Z0-1054-26 Exam Questions [May 2026 Update]

Q: 16

SIMULATION Task 3 Manage Chart of Accounts Mappings Scenario Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments: Company-LoB-Account-Cost Center-Product-Intercompany Know that the Company, LoB, Product, and Intercompany segments share the same value sets. Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications: Cost Center Mapping . Balance Sheet (0 and 000) should be mapped to Balance Sheet . All other cost centers should be mapped to 610 Account Mapping . Asset accounts (in the 1000 range) should be mapped to account 11101 . Liability accounts (in the 2000 range) should be mapped to account 22100 . Equity accounts (in the 3000 range) should be mapped to account 34000 . Revenue accounts (in the 4000 range) should be mapped to account 42000 . Expense accounts (from 5000 onwards) should be mapped to account 51100 Note: · Do not use conditions based on parents. . Treat any account after the 5000 range as an expense. · Ensure all maps are numeric only. · When creating your mapping rules for each segment please allow for existing and future segment values

Your Answer

Correct Answer:

THE FOLLOWING STEPS MUST BE PERFORMED IN THE APPLICATION TO COMPLETE THE SIMULATION: 1. NAVIGATE TO THE SETUP AND MAINTENANCE WORK AREA. 2. SELECT THE FINANCIALS OFFERING AND SEARCH FOR THE TASK MANAGE CHART OF ACCOUNTS MAPPINGS. 3. CLICK THE CREATE ICON + TO ADD A NEW MAPPING. 4. ENTER THE FOLLOWING DETAILS: NAME: 07UKTOCAMAPPING DESCRIPTION: MAP UK CHART OF ACCOUNTS TO CANADIAN CHART OF ACCOUNTS SOURCE CHART OF ACCOUNTS: SELECT THE UK CHART OF ACCOUNTS. TARGET CHART OF ACCOUNTS: SELECT THE CA CHART OF ACCOUNTS. 5. IN THE SEGMENT RULES TAB, DEFINE THE RULES FOR EACH SEGMENT: FOR COMPANY, LOB, PRODUCT, AND INTERCOMPANY SEGMENTS, SELECT THE RULE TYPE COPY. FOR THE COST CENTER SEGMENT: SELECT THE RULE TYPE RULE-BASED. CLICK THE CREATE AND EDIT RULES ICON. CREATE RULE 1: IF SOURCE SEGMENT VALUE IS EQUAL TO 0, THEN USE TARGET VALUE 000. CREATE RULE 2: IF SOURCE SEGMENT VALUE IS EQUAL TO 000, THEN USE TARGET VALUE 000. CREATE RULE 3: IF OTHERWISE, THEN USE TARGET VALUE 610. CLICK SAVE AND CLOSE. FOR THE ACCOUNT SEGMENT: SELECT THE RULE TYPE RULE-BASED. CLICK THE CREATE AND EDIT RULES ICON. CREATE RULE 1: IF SOURCE SEGMENT VALUE IS BETWEEN 1000 AND 1999, THEN USE TARGET VALUE 11101. CREATE RULE 2: IF SOURCE SEGMENT VALUE IS BETWEEN 2000 AND 2999, THEN USE TARGET VALUE 22100. CREATE RULE 3: IF SOURCE SEGMENT VALUE IS BETWEEN 3000 AND 3999, THEN USE TARGET VALUE 34000. CREATE RULE 4: IF SOURCE SEGMENT VALUE IS BETWEEN 4000 AND 4999, THEN USE TARGET VALUE 42000. CREATE RULE 5: IF SOURCE SEGMENT VALUE IS GREATER THAN OR EQUAL TO 5000, THEN USE TARGET VALUE 51100. CLICK SAVE AND CLOSE. 6. CLICK SAVE AND CLOSE TO SAVE THE ENTIRE MAPPING.

Explanation

Chart of Accounts (COA) mappings are used to transfer and consolidate data between ledgers that use different charts of accounts. The "Copy" rule is used for segments that share the same value set. The "Rule-based" mapping is used for segments like Account and Cost Center where values need to be transformed. Using ranges (e.g., "is between", "is greater than or equal to") and an "Otherwise" clause ensures that all existing and future segment values are handled by the mapping rules, as required by the scenario.

References

Oracle Fusion Cloud Financials. (2024). Using General Ledger. Chapter 10: Financial Reporting and Analysis. Section: "Chart of Accounts Mapping: Explained".

Oracle Fusion Cloud Financials. (2024). Implementing Enterprise Structures and General Ledger. Chapter 6: Manage Ledgers. Section: "Ledger Sets and Data Access Sets: Explained" (mentions COA mapping in the context of ledgers).

Premium Access Includes

FLASH OFFER

avail 10% DISCOUNT on YOUR PURCHASE