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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

Question 1

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. Primary Balancing
C. Natural Account
D. Cost center
E. Secondary Balancing

Question 2

Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A. Each product has its own Intercompany Accounting feature that needs to be configured separately.
B. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
C. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
D. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.

Question 3

You can run predefined reports to reconcile subledger application balances to General Ledger balances. Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'

A. Start Date
B. Third Party Control Account
C. Reconcile
D. Financial Category
E. End Date

Question 4

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

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

Question 5

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

Solutions: