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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Period Close and Financial Reporting | 20% | - Perform Period Close
|
| Topic 2: Ledgers and Accounting Setup | 25% | - Budgetary Control and Encumbrance
|
| Topic 3: Enterprise and Financial Reporting Structures | 20% | - Configure Financial Reporting Structures
|
| Topic 4: Journal Processing and Approval | 20% | - Manage Journals
|
| Topic 5: Intercompany Accounting | 15% | - Configure Intercompany
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
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. Smart Slices
- B. Account Groups
- C. Smart Queries
- D. Query Designer
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
- A. Smart Slices
- B. Smart Queries
- C. Ad Hoc Analysis
- D. Query Designer
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?
- A. Reporting currency with the local accounting convention
- B. Primary ledger with the IFRS accounting convention
- C. Reporting currency with the IFRS accounting convention
- D. Primary ledger with the local accounting convention
- E. Secondary ledger with the IFRS accounting convention
Explanation: Only visible for ExamCost 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. Period
- B. Year
- C. Calendar Year
- D. Fiscal Year
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
- A. The report displays all clearing company balancing lines for a period.
- B. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
- C. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
- D. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- E. The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
