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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Security and Data Access | - Access Management
|
| Intercompany Accounting | - Intercompany Processing
|
| Journal Processing | - Journal Management
|
| Ledger Configuration | - Ledger Management
|
| Period Close and Financial Reporting | - Close and Reporting Activities
|
| Budgeting and Allocations | - Financial Planning
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of
100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?
- A. You have an unrealized exchange gain recorded.
- B. You have an unrealized exchange loss recorded.
- C. There is no unrealized exchange gain or loss calculated.
- D. The original journal entry in Euros remains the same.
- E. The original journal entry in Euros is updated.
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Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?
- A. Assign the security context value of UK Ledger to the user/role combination.
- B. Assign the General Accounting Manager role to those users.
- C. Assign the UK reference set to the user/role combination.
- D. Create a data access set that allows access to the UK Ledger.
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In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can have the System Administrator configuring pages for them using Page Composer
- B. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
- C. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
- D. They can use "+" under the Apps section of the News Feed homepage
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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. Adjustment only level
- B. Journal level
- C. Subledger level
- D. FBDI level
- E. Balance level
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There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?
- A. Adjustment only level
- B. Subledger level
- C. Spreadsheet level
- D. Balances Level
- E. Journal Level
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