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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

A) You have an unrealized exchange loss recorded.
B) The original journal entry in Euros remains the same.
C) The original journal entry in Euros is updated.
D) There is no unrealized exchange gain or loss calculated.
E) You have an unrealized exchange gain recorded.

2. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
B) Transfer Budget Balances to Budget Cubes has not been run.
C) Budgeting is not enabled in the Ledger options.
D) A value for the budget scenario is not created.
E) The Create Scenario Dimension Members program has not been run.

3. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

A) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
B) You can have only one version of a hierarchy published to the Essbase cube at any time.
C) Hierarchies for reporting and allocations have to be published to Essbase cubes.
D) Child values in these hierarchies can belong to only one parent.

4. Which two are valid Data Access Set types? (Choose two.)

A) Full access
B) Read and Write access
C) Full Ledger
D) Primary Balancing Segment Value
E) Read Only access

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 UK reference set to the user/role combination.
B) Assign the General Accounting Manager role to those users.
C) Create a data access set that allows access to the UK Ledger.
D) Assign the security context value of UK Ledger to the user/role combination.

Solutions: