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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Ledger Configuration | - Ledger Management
|
| Topic 2: Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Topic 3: Period Close and Financial Reporting | - Close and Reporting Activities
|
| Topic 4: Journal Processing | - Journal Management
|
| Topic 5: Budgeting and Allocations | - Financial Planning
|
| Topic 6: Intercompany Accounting | - Intercompany Processing
|
| Topic 7: Security and Data Access | - Access Management
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Question 1
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. Fiscal Year
C. Period
D. Year
Question 2
You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?
A. Sub-ledger level.
B. Journal ledger
C. Adjustment only
D. Balance level
Question 3
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
A. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
B. They can use "+" under the Apps section of the News Feed homepage
C. They can have the System Administrator configuring pages for them using Page Composer
D. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
Question 4
You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?
A. Redefine the geography hierarchy.
B. Redefine the location structure.
C. Define the Geography Validation for Country option to No Validation.
D. Define the Geography Validation for Country option to Error.
Question 5
Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?
A. Assign the security context value of UK Ledger to the user/role combination.
B. Assign the UK reference set to the user/role combination.
C. Assign the General Accounting Manager role to those users.
D. Create a data access set that allows access to the UK Ledger.
Solutions:
| Question 1 Answer: B | Question 2 Answer: D | Question 3 Answer: A,B | Question 4 Answer: D | Question 5 Answer: D |
