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Oracle 1z0-1054-23 Exam Syllabus Topics:

Section	Weight	Objectives
Ledgers and Accounting Setup	25%	- Configure Ledgers 1. Set up calendars, currencies, and accounting conventions 2. Define primary and secondary ledgers 3. Configure ledger options and subledger accounting rules - Budgetary Control and Encumbrance 1. Enable budgetary control 2. Define encumbrance accounting rules
Intercompany Accounting	15%	- Configure Intercompany 1. Process intercompany transactions and reconciliation 2. Set up intercompany balancing rules 3. Enable intercompany invoicing
Period Close and Financial Reporting	20%	- Perform Period Close 1. Manage accounting periods 2. Execute period close processes 3. Reconcile balances - Financial Reporting 1. Analyze budgets versus actuals 2. Create and run financial reports 3. Use Smart View for analysis
Enterprise and Financial Reporting Structures	20%	- Configure Financial Reporting Structures 1. Define reporting views and dimensions 2. Create accounting hierarchies - Configure Enterprise Structures 1. Define legal entities and business units 2. Set up chart of accounts structure and instances 3. Configure segment labels and value sets
Journal Processing and Approval	20%	- Manage Journals 1. Configure journal approval rules 2. Create, import, and post journals 3. Define allocation and recurring journals

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

Question #1

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 Shared Folder/Custom/Financials directory.
B. You have not downloaded the report to your local drive.
C. You have not saved it in the MyFolders directory.
D. You have not uploaded it to Financial Reporting Center.

Reveal Solution Discussion 0

Correct Answer: C,D 🗳️

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Question #2

Which two statements are true about infotiles and infolets?

A. Infotiles have Front view. Back view, and Expanded view.
B. You can create your own user-defined infolets.
C. Infolets are accessed only from the News Feed home page layout.
D. Infotiles pull data from a Smart View analysis.
E. You can refresh infolets to see up-to-date data.

Reveal Solution Discussion 0

Correct Answer: A,E 🗳️

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Question #3

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. Rerun Translation and then reconsolidate your results.
B. Translate only the adjusting journal entry.
C. Rerun Revaluation and then rerun Translation.
D. Enter another adjusting journal entry in the target currency to true up the balances.

Reveal Solution Discussion 0

Correct Answer: A 🗳️

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Question #4

Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A. It supports external integration using REST services.
B. You can create, update, and delete segment rules for a chart of accounts mapping.
C. You can create, update, and delete account rules for a chart of accounts mapping.
D. You can download the template only from the Manage Chart of Accounts Mappings page.

Reveal Solution Discussion 0

Correct Answer: B,C 🗳️

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Question #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?