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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Period Close Process- Close Activities
  • 1. Close monitoring and reporting
    • 2. Reconciliation and adjustments
      Reporting and Analysis- Financial Reporting
      • 1. Smart View reporting
        • 2. Financial statements generation
          Journal Processing- Journal Import and Integration
          • 1. Spreadsheet upload and external sources
            - Journal Creation and Posting
            • 1. Manual and recurring journals
              • 2. Journal approval workflow
                General Ledger Setup- Enterprise Structure Configuration
                • 1. Legal entities and ledgers setup
                  • 2. Chart of Accounts structure design
                    - Accounting Configuration
                    • 1. Ledger options configuration
                      • 2. Accounting calendars and periods
                        Subledger Accounting- Accounting Rules
                        • 1. Journal line rules and account derivation
                          - Subledger to GL Integration
                          • 1. Transfer to General Ledger

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

                            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. OTBI report
                            • B. Trial Balance report
                            • C. Financial Reporting Web Studio report
                            • D. Account group
                            Answer: C

                            Explanation: Only visible for iPassleader 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. Calendar Year
                            • B. Year
                            • C. Fiscal Year
                            • D. Period
                            Answer: C

                            Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

                            You need to add new transactional attributes to the journal approval notification in an implementation project.
                            Which two Business Intelligence catalog objects should you copy (or customize) and edit?

                            • A. Sub template
                            • B. Layout template
                            • C. Output type
                            • D. Data model
                            • E. Style template
                            Answer: B,D

                            Explanation: Only visible for iPassleader 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. Primary ledger with the local accounting convention
                            • B. Primary ledger with the IFRS accounting convention
                            • C. Reporting currency with the local accounting convention
                            • D. Secondary ledger with the IFRS accounting convention
                            • E. Reporting currency with the IFRS accounting convention
                            Answer: A,D

                            Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

                            You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
                            At what level should you define the default intercompany balancing rule?

                            • A. Chart of accounts rule
                            • B. Ledger-level rule
                            • C. Primary balancing segment rule
                            • D. Legal entity-level rule
                            Answer: A

                            Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

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