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 |
|---|---|
| Reporting and Analysis | - Financial Reporting
|
| Period Close Process | - Close Activities
|
| General Ledger Setup | - Enterprise Structure Configuration
|
| Subledger Accounting | - Accounting Rules
|
| Journal Processing | - Journal Creation and Posting
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)
- A. You have not saved it in the MyFolders directory.
- B. You have not saved it in the Shared Folder/Custom/Financials directory.
- C. You have not uploaded it to Financial Reporting Center.
- D. You have not downloaded the report to your local drive.
Correct Answer: A,C 🗳️
Explanation: Only visible for NewPassLeader members. You can sign-up / login (it's free).
You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?
- A. Validation
- B. Geocoding
- C. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
- D. Address Cleansing
Correct Answer: B 🗳️
Explanation: Only visible for NewPassLeader members. You can sign-up / login (it's free).
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. Adjustment only
- B. Sub-ledger level.
- C. Balance level
- D. Journal ledger
Correct Answer: C 🗳️
Explanation: Only visible for NewPassLeader members. You can sign-up / login (it's free).
For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?
- A. The existing historical rate is deleted.
- B. The historical rate is replaced.
- C. Historical rates are converted into an average rate (original and new rate).
- D. Nothing, existing historical rates are not updated.
Correct Answer: B 🗳️
Explanation: Only visible for NewPassLeader members. You can sign-up / login (it's free).
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. Account Inspector
- B. Financial Statement Generator
- C. Financial Reporting Studio
- D. Smart View
Correct Answer: C,D 🗳️
Explanation: Only visible for NewPassLeader members. You can sign-up / login (it's free).
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