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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Intercompany Accounting- Intercompany Processing
  • 1. Configure intercompany balancing rules
  • 2. Perform reconciliation activities
  • 3. Manage intercompany transactions
Journal Processing- Journal Management
  • 1. Create and manage journal entries
  • 2. Configure journal approval workflows
  • 3. Manage recurring and automated journals
Period Close and Financial Reporting- Close and Reporting Activities
  • 1. Perform period close processes
  • 2. Manage accounting periods
  • 3. Generate financial statements and reports
Enterprise Structure and General Ledger Setup- Enterprise Configuration
  • 1. Configure business units and legal entities
  • 2. Define chart of accounts structures
  • 3. Configure accounting calendars
Ledger Configuration- Ledger Management
  • 1. Set up reporting currencies
  • 2. Configure primary and secondary ledgers
  • 3. Manage ledger options and balancing segments
Security and Data Access- Access Management
  • 1. Manage user roles and privileges
  • 2. Implement security controls
  • 3. Configure data access sets
Budgeting and Allocations- Financial Planning
  • 1. Configure budgets
  • 2. Monitor budgetary control
  • 3. Manage allocations

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

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.
Reveal Solution  Discussion  0

Correct Answer: C  πŸ—³οΈ

Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

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. FBDI level
  • B. Journal level
  • C. Balance level
  • D. Adjustment only level
  • E. Subledger level
Reveal Solution  Discussion  0

Correct Answer: D  πŸ—³οΈ

Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

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

  • A. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
  • B. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
  • C. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
  • D. The report displays all clearing company balancing lines 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.
Reveal Solution  Discussion  0

Correct Answer: C,E  πŸ—³οΈ

Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)

  • A. Assets
  • B. Receipt accounting
  • C. Revenue Management
  • D. Receivables
  • E. Order Management
Reveal Solution  Discussion  0

Correct Answer: A,B,D  πŸ—³οΈ

Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

  • A. Trial Balance report
  • B. OTBI report
  • C. Account group
  • D. Financial Reporting Web Studio report
Reveal Solution  Discussion  0

Correct Answer: D  πŸ—³οΈ

Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).


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