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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Period Close and Financial Reporting | 20% | - Perform Period Close
|
| Topic 2: Intercompany Accounting | 15% | - Configure Intercompany
|
| Topic 3: Ledgers and Accounting Setup | 25% | - Budgetary Control and Encumbrance
|
| Topic 4: Journal Processing and Approval | 20% | - Manage Journals
|
| Topic 5: Enterprise and Financial Reporting Structures | 20% | - Configure Enterprise Structures
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
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 MyFolders directory.
- D. You have not saved it in the Shared Folder/Custom/Financials directory.
Correct Answer: B,C 🗳️
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Which two statements are true regarding the Translation process? (Choose two.)
- A. If necessary, before submitting the Translation process, the Revaluation process should be completed.
- B. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
- C. The Translation process can only be used for translating the balances of Secondary ledgers.
- D. The Translation process can only be used to translate balance sheet accounts.
- E. The Translation process should be run before posting Period Close adjustment entries.
Correct Answer: A,B 🗳️
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A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?
- A. Primary ledger with the IFRS accounting convention
- B. Reporting currency with the IFRS accounting convention
- C. Secondary ledger with the IFRS accounting convention
- D. Primary ledger with the local accounting convention
- E. Reporting currency with the local accounting convention
Correct Answer: C,D 🗳️
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You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
- A. Ad Hoc Analysis
- B. Query Designer
- C. Smart Queries
- D. Smart Slices
Correct Answer: A 🗳️
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You can run predefined reports to reconcile subledger application balances to General Ledger balances. Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'
- A. Financial Category
- B. End Date
- C. Start Date
- D. Reconcile
- E. Third Party Control Account
Correct Answer: A 🗳️
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