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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

Which two are valid Data Access Set types? (Choose two.)

  • A. Full access
  • B. Read Only access
  • C. Full Ledger
  • D. Primary Balancing Segment Value
  • E. Read and Write access
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).

A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?

  • A. Account Groups
  • B. Query Designer
  • C. Smart Slices
  • D. Smart Queries
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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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. Primary Balancing
  • E. Natural Account
Reveal Solution  Discussion  0

Correct Answer: B,D,E  🗳️

Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).

Which three factors should you consider while specifying Intercompany System options?

  • A. Automatic or manual batch numbering and the maximum transaction amount
  • B. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
  • C. Automatic or manual batch numbering and the minimum transaction amount
  • D. Whether to allow receivers to reject intercompany transactions
  • E. Approvers who will approve intercompany transactions
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).

You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

  • A. Year
  • B. Fiscal Year
  • C. Calendar Year
  • D. Period
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).

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