Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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No. of Questions: 52 Questions & Answers with Exam Engine
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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Journal Import and Integration
|
| Topic 2: Subledger Accounting | - Accounting Rules
|
| Topic 3: Reporting and Analysis | - Financial Reporting
|
| Topic 4: General Ledger Setup | - Enterprise Structure Configuration
|
| Topic 5: Period Close Process | - Close Activities
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Which delivered role can access the full functionality of Functional Setup Manager?
- A. Any functional user
- B. IT Security Manager
- C. Application Implementation Manager
- D. Application Implementation Consultant
- E. Functional Setup Manager Superuser
Correct Answer: C 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can use "+" under the Apps section of the News Feed homepage
- B. They can have the System Administrator configuring pages for them using Page Composer
- C. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
- D. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
Correct Answer: A,C 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
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. Child values in these hierarchies can belong to only one parent.
- C. Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
- D. You can have only one version of a hierarchy published to the Essbase cube at any time.
Correct Answer: B,D 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?
- A. Ledger-level rule
- B. Legal entity-level rule
- C. Chart of accounts rule
- D. Primary balancing segment rule
Correct Answer: D 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
Which two statements are true about the Intercompany Reconciliation report?
- A. You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
- B. It displays the intercompany receivables and intercompany payables balances in summary for a period.
- C. It displays all clearing company balancing lines for a period.
- D. It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- E. 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.
Correct Answer: B,D 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
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