Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Setup | - Accounting Configuration
|
| Reporting and Analysis | - Financial Reporting
|
| Subledger Accounting | - Subledger to GL Integration
|
| Period Close Process | - Close Activities
|
| Journal Processing | - Journal Import and Integration
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Which two statements are true about the Intercompany Reconciliation report?
- A. It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- B. 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.
- C. It displays the intercompany receivables and intercompany payables balances in summary for a period.
- D. You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
- E. It displays all clearing company balancing lines for a period.
Correct Answer: A,C 🗳️
Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).
Which two are valid Data Access Set types? (Choose two.)
- A. Read Only access
- B. Primary Balancing Segment Value
- C. Read and Write access
- D. Full access
- E. Full Ledger
Correct Answer: A,D 🗳️
Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).
You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)
- A. Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
- B. Hierarchies for reporting and allocations have to be published to Essbase cubes.
- C. You can have only one version of a hierarchy published to the Essbase cube at any time.
- D. Child values in these hierarchies can belong to only one parent.
Correct Answer: C,D 🗳️
Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).
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. The original journal entry in Euros is updated.
- B. You have an unrealized exchange loss recorded.
- C. The original journal entry in Euros remains the same.
- D. There is no unrealized exchange gain or loss calculated.
- E. You have an unrealized exchange gain recorded.
Correct Answer: B,C 🗳️
Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).
You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?
- A. the transaction batch
- B. the transaction source
- C. the transaction type
- D. the transaction category
Correct Answer: C 🗳️
Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).
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