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Oracle Exam 1Z0-1054-24 Topic 4 Question 5 Discussion

Actual exam question for Oracle's 1Z0-1054-24 exam
Question #: 5
Topic #: 4
[All 1Z0-1054-24 Questions]

You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.

What format should you choose?

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Suggested Answer: A

According to Oracle documentation3, when you need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in, you should choose Fiscal Year as the format. A Fiscal Year format enables you to define periods based on fiscal years that span two calendar years. Therefore, option A is correct. Option B is incorrect because a Calendar Year format defines periods based on calendar years that start on January 1st and end on December 31st. Option C is incorrect because a Period format defines periods based on any number of days or weeks. Option D is incorrect because a Year format defines periods based on calendar years that start on any month other than January and end on any month other than December.


by Lenny at May 01, 2025, 11:55 AM

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Myong
8 days ago
I'm gonna have to go with Option C, Period. It's vague enough that it could work for any of the other options, and who doesn't love a good ol' fashioned 'period' joke? Am I right, folks?
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Lorrie
14 days ago
Ah, the age-old question of Fiscal Year vs. Calendar Year. It's like choosing between a sandwich with the crusts cut off or a sandwich with the crusts still on - both are valid, but one just feels a little more grown-up, you know?
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Ben
4 days ago
A) Fiscal Year
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Lettie
16 days ago
I think C) Period would be the best choice as it allows for more flexibility in naming the periods.
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Franchesca
22 days ago
I agree with Valentin, B) Calendar Year makes more sense for setting up a calendar.
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Valentin
24 days ago
I disagree, I believe B) Calendar Year would be more intuitive for everyone to understand.
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Jordan
28 days ago
Option D, Year, seems like the simplest and most straightforward choice. I mean, why overcomplicate things? Just call it a year and be done with it!
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German
30 days ago
Hmm, I'm not so sure. A Fiscal Year might be more appropriate here, since the periods are based on the financial year rather than the calendar year. It just makes more sense for reporting and budgeting purposes.
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Arleen
1 months ago
I think the obvious choice here is Option B, Calendar Year. That's the standard format for most organizations, right? I mean, who even uses Fiscal Year anymore?
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Vivan
1 months ago
I think we should choose A) Fiscal Year because it aligns with our financial reporting.
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