Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Period Close Process | - Close Activities
|
| Reporting and Analysis | - Financial Reporting
|
| General Ledger Setup | - Accounting Configuration
|
| Journal Processing | - Journal Import and Integration
|
| Subledger Accounting | - Subledger to GL Integration
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Question #1
What are two uses of the Column Flattening and Row Flattening features? (Choose two.)
A. Create additional versions of a tree.
B. Optimize parent/child relationships.
C. Set the status of a tree to active.
D. Verify correctness of trees.
E. View information for runtime performance.
Question #2
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
A. Intercompany Segment
B. Cost center
C. Secondary Balancing
D. Natural Account
E. Primary Balancing
Question #3
On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)
A. Assets
B. Revenue Management
C. Receipt accounting
D. Receivables
E. Order Management
Question #4
Which two are valid Data Access Set types? (Choose two.)
A. Primary Balancing Segment Value
B. Full access
C. Read and Write access
D. Read Only access
E. Full Ledger
Question #5
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 USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
A. There is no unrealized exchange gain or loss calculated.
B. The original journal entry in Euros remains the same.
C. You have an unrealized exchange loss recorded.
D. You have an unrealized exchange gain recorded.
E. The original journal entry in Euros is updated.
Solutions:
| Question #1 Answer: C,D | Question #2 Answer: B,D,E | Question #3 Answer: A,C,D | Question #4 Answer: B,D | Question #5 Answer: C,D |
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