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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Intercompany Accounting | 15% | - Configure Intercompany
|
| Topic 2: Enterprise and Financial Reporting Structures | 20% | - Configure Enterprise Structures
|
| Topic 3: Period Close and Financial Reporting | 20% | - Perform Period Close
|
| Topic 4: Ledgers and Accounting Setup | 25% | - Configure Ledgers
|
| Topic 5: Journal Processing and Approval | 20% | - Manage Journals
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
1. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?
A) Trial Balance report
B) OTBI report
C) Financial Reporting Web Studio report
D) Account group
2. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)
A) The Data Model
B) The Style Template
C) The Sub Template
D) The layout Template
E) Output type
3. 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) Adjustment only level
C) Subledger level
D) Spreadsheet level
E) Balances Level
4. Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of
100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?
A) You have an unrealized exchange loss recorded.
B) There is no unrealized exchange gain or loss calculated.
C) The original journal entry in Euros remains the same.
D) The original journal entry in Euros is updated.
E) You have an unrealized exchange gain recorded.
5. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)
A) Hierarchies for reporting and allocations have to be published to Essbase cubes.
B) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
C) You can have only one version of a hierarchy published to the Essbase cube at any time.
D) Child values in these hierarchies can belong to only one parent.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,E | Question # 3 Answer: E | Question # 4 Answer: A,C | Question # 5 Answer: C,D |
