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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Period Close Process | - Close Activities
|
| Subledger Accounting | - Subledger to GL Integration
|
| Journal Processing | - Journal Creation and Posting
|
| General Ledger Setup | - Accounting Configuration
|
| Reporting and Analysis | - Financial Reporting
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
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. Balance level
- B. Adjustment only
- C. Journal ledger
- D. Sub-ledger level.
Explanation: Only visible for Exam4Free members. You can sign-up / login (it's free).
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. Primary balancing segment rule
- B. Legal entity-level rule
- C. Chart of accounts rule
- D. Ledger-level rule
Explanation: Only visible for Exam4Free members. You can sign-up / login (it's free).
What are two uses of the Column Flattening and Row Flattening features? (Choose two.)
- A. Optimize parent/child relationships.
- B. Create additional versions of a tree.
- C. Set the status of a tree to active.
- D. View information for runtime performance.
- E. Verify correctness of trees.
Explanation: Only visible for Exam4Free members. You can sign-up / login (it's free).
Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)
- A. You can create, update, and delete segment rules for a chart of accounts mapping.
- B. You can download the template only from the Manage Chart of Accounts Mappings page.
- C. You can create, update, and delete account rules for a chart of accounts mapping.
- D. It supports external integration using REST services.
Explanation: Only visible for Exam4Free members. You can sign-up / login (it's free).
Which two statements are true about the Intercompany Reconciliation report?
- A. It displays all clearing company balancing lines for a period.
- B. It displays the intercompany receivables and intercompany payables balances in summary for a period.
- C. You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
- D. It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
- E. It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
Explanation: Only visible for Exam4Free members. You can sign-up / login (it's free).
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