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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Period Close and Financial Reporting- Close and Reporting Activities
  • 1. Generate financial statements and reports
  • 2. Perform period close processes
  • 3. Manage accounting periods
Topic 2: Intercompany Accounting- Intercompany Processing
  • 1. Manage intercompany transactions
  • 2. Configure intercompany balancing rules
  • 3. Perform reconciliation activities
Topic 3: Budgeting and Allocations- Financial Planning
  • 1. Configure budgets
  • 2. Monitor budgetary control
  • 3. Manage allocations
Topic 4: Security and Data Access- Access Management
  • 1. Manage user roles and privileges
  • 2. Configure data access sets
  • 3. Implement security controls
Topic 5: Enterprise Structure and General Ledger Setup- Enterprise Configuration
  • 1. Configure business units and legal entities
  • 2. Define chart of accounts structures
  • 3. Configure accounting calendars
Topic 6: Ledger Configuration- Ledger Management
  • 1. Set up reporting currencies
  • 2. Manage ledger options and balancing segments
  • 3. Configure primary and secondary ledgers
Topic 7: Journal Processing- Journal Management
  • 1. Configure journal approval workflows
  • 2. Create and manage journal entries
  • 3. Manage recurring and automated journals

Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

1. Which two statements are true about infotiles and infolets?

A) You can refresh infolets to see up-to-date data.
B) You can create your own user-defined infolets.
C) Infolets are accessed only from the News Feed home page layout.
D) Infotiles pull data from a Smart View analysis.
E) Infotiles have Front view. Back view, and Expanded view.


2. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
B) Data is summarized across segments that are not mapped to Hyperion Financial Management.
C) The unmapped segments default to future use segments in Hyperion Financial Management.
D) No data is transferred.


3. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

A) Journal category
B) Journal lookup codes
C) Ledger options
D) Journal sources
E) Profile option


4. 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 saved it in the MyFolders directory.
B) You have not saved it in the Shared Folder/Custom/Financials directory.
C) You have not uploaded it to Financial Reporting Center.
D) You have not downloaded the report to your local drive.


5. 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 download the template only from the Manage Chart of Accounts Mappings page.
B) It supports external integration using REST services.
C) You can create, update, and delete segment rules for a chart of accounts mapping.
D) You can create, update, and delete account rules for a chart of accounts mapping.


Solutions:

Question # 1
Answer: A,E
Question # 2
Answer: B
Question # 3
Answer: C,D
Question # 4
Answer: A,C
Question # 5
Answer: C,D

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