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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Budgeting and Allocations | - Financial Planning
|
| Security and Data Access | - Access Management
|
| Intercompany Accounting | - Intercompany Processing
|
| Ledger Configuration | - Ledger Management
|
| Period Close and Financial Reporting | - Close and Reporting Activities
|
| Journal Processing | - Journal Management
|
| Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Question 1
You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?
A. Define the Geography Validation for Country option to Error.
B. Redefine the geography hierarchy.
C. Define the Geography Validation for Country option to No Validation.
D. Redefine the location structure.
Question 2
You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?
A. Legal entity-level rule
B. Ledger-level rule
C. Primary balancing segment rule
D. Chart of accounts rule
Question 3
You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?
A. by creating Cross-Validation Rules desktop-integrated spreadsheet.
B. by using Cross-Validation Rules Import file-based data import (FBDI).
C. by using the Manage General Ledger Security page.
D. by using the Manage Cross-Validation Rules page.
Question 4
You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?
A. Journal ledger
B. Balance level
C. Adjustment only
D. Sub-ledger level.
Question 5
Which two statements are true about balances cubes in General Ledger?
A. They are updated automatically when the Revaluation process is run.
B. They are updated automatically when the General Ledger period is opened.
C. A new balances cube is created for a unique combination of ledger and currency.
D. New dimensions can be added to a General Ledger balances cube.
E. They are updated automatically when the Translation process is run.
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: B | Question 5 Answer: C,D |
