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Oracle 1z0-1054-23 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financials Cloud: General Ledger 2023 Implementation Professional |
| Exam Number: | 1Z0-1054-23 |
| Exam Price: | $245 USD |
| Real Exam Qty: | 50 |
| Available Languages: | English |
| Exam Format: | Multiple Choice |
| Related Certifications: | Oracle Financials Cloud Certification Oracle Cloud ERP Financials |
| Passing Score: | 68% |
| Certificate Validity Period: | Oracle Cloud certifications are typically valid for the corresponding product release cycle |
| Exam Duration: | 90 minutes |
| Sample Questions: | Oracle 1z0-1054-23 Sample Questions |
| Exam Way: | Online proctored exam or test center delivery through Oracle Certification program. |
| Pre Condition: | Oracle recommends implementation experience with Oracle Financials Cloud General Ledger and related ERP Financials modules. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Security and Data Access | - Access Management
|
| Topic 2: Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Topic 3: Journal Processing | - Journal Management
|
| Topic 4: Budgeting and Allocations | - Financial Planning
|
| Topic 5: Ledger Configuration | - Ledger Management
|
| Topic 6: Period Close and Financial Reporting | - Close and Reporting Activities
|
| Topic 7: Intercompany Accounting | - Intercompany Processing
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
1. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle's recommended practice when this occurs?
A) Translate only the adjusting journal entry.
B) Enter another adjusting journal entry in the target currency to true up the balances.
C) Rerun Translation and then reconsolidate your results.
D) Rerun Revaluation and then rerun Translation.
2. 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) Reconcile
C) Financial Category
D) End Date
E) Start Date
3. Which two statements are true about the Intercompany Reconciliation report?
A) 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.
B) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
C) It displays the intercompany receivables and intercompany payables balances in summary for a period.
D) It displays all clearing company balancing lines for a period.
E) You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
4. Which two are valid Data Access Set types? (Choose two.)
A) Read Only access
B) Full access
C) Full Ledger
D) Read and Write access
E) Primary Balancing Segment Value
5. 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) Calendar Year
D) Year
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B,C | Question # 4 Answer: A,B | Question # 5 Answer: A |
By Elmer
