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 |
|---|---|
| Security and Data Access | - Access Management
|
| Journal Processing | - Journal Management
|
| Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Ledger Configuration | - Ledger Management
|
| Period Close and Financial Reporting | - Close and Reporting Activities
|
| Budgeting and Allocations | - Financial Planning
|
| Intercompany Accounting | - Intercompany Processing
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?
- A. Opt in to the Prevent Period Close option for the offering.
- B. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
- C. Set the relevant option on the Specify Ledger Options page.
- D. You don't have to do anything; this option is enabled automatically.
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There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?
- A. Subledger level
- B. Adjustment only level
- C. Balances Level
- D. Journal Level
- E. Spreadsheet level
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Which two statements are true about balances cubes in General Ledger?
- A. They are updated automatically when the Translation process is run.
- B. New dimensions can be added to a General Ledger balances cube.
- C. A new balances cube is created for a unique combination of ledger and currency.
- D. They are updated automatically when the General Ledger period is opened.
- E. They are updated automatically when the Revaluation process is run.
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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. Fiscal Year
- B. Period
- C. Year
- D. Calendar Year
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When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?
- A. Financial Reporting Studio
- B. Account Inspector
- C. Financial Statement Generator
- D. Smart View
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