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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Ledger Setup | - Enterprise Structure Configuration
|
| Topic 2: Reporting and Analysis | - Financial Reporting
|
| Topic 3: Subledger Accounting | - Subledger to GL Integration
|
| Topic 4: Period Close Process | - Close Activities
|
| Topic 5: Journal Processing | - Journal Creation and Posting
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?
- A. when the journal is balanced by second balancing segment value
- B. when there is a many-to-many journal and you want to use a clearing company
- C. when the journal is balanced by the primary BSV but not by second or third BSV
- D. when the journal is not balanced by the primary balancing segment value (BSV)
Correct Answer: C 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
- A. Balance level
- B. FBDI level
- C. Journal level
- D. Adjustment only level
- E. Subledger level
Correct Answer: D 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
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. Reporting currency with the IFRS accounting convention
- B. Primary ledger with the local accounting convention
- C. Primary ledger with the IFRS accounting convention
- D. Secondary ledger with the IFRS accounting convention
- E. Reporting currency with the local accounting convention
Correct Answer: B,D 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?
- A. Target
- B. Basis
- C. Source
- D. Offset
- E. Allocation Range
Correct Answer: C 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
What are two uses of the Column Flattening and Row Flattening features? (Choose two.)
- A. Set the status of a tree to active.
- B. Verify correctness of trees.
- C. View information for runtime performance.
- D. Create additional versions of a tree.
- E. Optimize parent/child relationships.
Correct Answer: A,B 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
