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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

Question 1

Which delivered role can access the full functionality of Functional Setup Manager?

A. Application Implementation Consultant
B. IT Security Manager
C. Functional Setup Manager Superuser
D. Application Implementation Manager
E. Any functional user

Question 2

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

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

Question 3

Which two statements are true regarding the Translation process? (Choose two.)

A. The Translation process should be run before posting Period Close adjustment entries.
B. If necessary, before submitting the Translation process, the Revaluation process should be completed.
C. The Translation process can only be used for translating the balances of Secondary ledgers.
D. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
E. The Translation process can only be used to translate balance sheet accounts.

Question 4

A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

A. Journal level
B. Balance level
C. Subledger level
D. FBDI level
E. Adjustment only level

Question 5

Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A. The unmapped segments default to future use segments in Hyperion Financial Management.
B. Data is summarized across segments that are not mapped to Hyperion Financial Management.
C. Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
D. No data is transferred.

Solutions: