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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

Question 1

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 Style Template
B. The layout Template
C. The Sub Template
D. The Data Model
E. Output type

Question 2

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 can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
C. 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.
D. It displays all clearing company balancing lines for a period.
E. It displays the intercompany receivables and intercompany payables balances in summary for a period.

Question 3

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle's recommended practice when this occurs?

A. Translate only the adjusting journal entry.
B. Enter another adjusting journal entry in the target currency to true up the balances.
C. Rerun Translation and then reconsolidate your results.
D. Rerun Revaluation and then rerun Translation.

Question 4

A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

A. Primary ledger with the local accounting convention
B. Primary ledger with the IFRS accounting convention
C. Reporting currency with the local accounting convention
D. Secondary ledger with the IFRS accounting convention
E. Reporting currency with the IFRS accounting convention

Question 5

Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Aliasfeature and would like to see how the aliases willappear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note:
. Prefix your alias name with 07, where 07 is your exam ID.
. There is no Product or Intercompany impact.

Solutions: