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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

A) when the journal is balanced by the primary BSV but not by second or third BSV
B) when there is a many-to-many journal and you want to use a clearing company
C) when the journal is not balanced by the primary balancing segment value (BSV)
D) when the journal is balanced by second balancing segment value

2. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A) The Style Template
B) Output type
C) The Data Model
D) The Sub Template
E) The layout Template

3. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A) The Create Scenario Dimension Members program has not been run.
B) Budgeting is not enabled in the Ledger options.
C) A value for the budget scenario is not created.
D) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
E) Transfer Budget Balances to Budget Cubes has not been run.

4. You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?

A) Sub-ledger level.
B) Adjustment only
C) Journal ledger
D) Balance level

5. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

A) Account group
B) OTBI report
C) Trial Balance report
D) Financial Reporting Web Studio report

Solutions: