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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. Which two statements are true about the Intercompany Reconciliation report?

A) It displays the intercompany receivables and intercompany payables balances in summary for a period.
B) It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
C) It displays all clearing company balancing lines for a period.
D) You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
E) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

2. Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Aliasfeature and would like to see how the aliases willappear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note:
. Prefix your alias name with 07, where 07 is your exam ID.
. There is no Product or Intercompany impact.

3. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

A) You can have only one version of a hierarchy published to the Essbase cube at any time.
B) Hierarchies for reporting and allocations have to be published to Essbase cubes.
C) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
D) Child values in these hierarchies can belong to only one parent.

4. On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)

A) Receipt accounting
B) Receivables
C) Assets
D) Order Management
E) Revenue Management

5. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A) Each product has its own Intercompany Accounting feature that needs to be configured separately.
B) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
C) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
D) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.

Solutions: