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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Ledgers and Accounting Setup | 25% | - Configure Ledgers
|
| Journal Processing and Approval | 20% | - Manage Journals
|
| Intercompany Accounting | 15% | - Configure Intercompany
|
| Enterprise and Financial Reporting Structures | 20% | - Configure Financial Reporting Structures
|
| Period Close and Financial Reporting | 20% | - Perform Period Close
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?
- A. Journal Level
- B. Spreadsheet level
- C. Adjustment only level
- D. Balances Level
- E. Subledger level
Correct Answer: D 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)
- A. You have not downloaded the report to your local drive.
- B. You have not uploaded it to Financial Reporting Center.
- C. You have not saved it in the Shared Folder/Custom/Financials directory.
- D. You have not saved it in the MyFolders directory.
Correct Answer: B,D 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
- B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
- C. Each product has its own Intercompany Accounting feature that needs to be configured separately.
- D. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
Correct Answer: B,C 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?
- A. Basis
- B. Allocation Range
- C. Target
- D. Offset
- E. Source
Correct Answer: E 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Which two statements are true about infotiles and infolets?
- A. Infotiles pull data from a Smart View analysis.
- B. You can create your own user-defined infolets.
- C. Infotiles have Front view. Back view, and Expanded view.
- D. You can refresh infolets to see up-to-date data.
- E. Infolets are accessed only from the News Feed home page layout.
Correct Answer: C,D 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
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