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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

A) by using Cross-Validation Rules Import file-based data import (FBDI).
B) by using the Manage Cross-Validation Rules page.
C) by using the Manage General Ledger Security page.
D) by creating Cross-Validation Rules desktop-integrated spreadsheet.

2. Which two statements are true about balances cubes in General Ledger?

A) A new balances cube is created for a unique combination of ledger and currency.
B) New dimensions can be added to a General Ledger balances cube.
C) They are updated automatically when the General Ledger period is opened.
D) They are updated automatically when the Revaluation process is run.
E) They are updated automatically when the Translation process is run.

3. An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

A) Chart of accounts rule
B) Ledger-level rule
C) Primary balancing segment rule
D) Legal entity-level rule

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

5. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A) You can create, update, and delete account rules for a chart of accounts mapping.
B) It supports external integration using REST services.
C) You can create, update, and delete segment rules for a chart of accounts mapping.
D) You can download the template only from the Manage Chart of Accounts Mappings page.

Solutions: