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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enterprise and Financial Reporting Structures | 20% | - Configure Financial Reporting Structures
|
| Topic 2: Intercompany Accounting | 15% | - Configure Intercompany
|
| Topic 3: Journal Processing and Approval | 20% | - Manage Journals
|
| Topic 4: Ledgers and Accounting Setup | 25% | - Budgetary Control and Encumbrance
|
| Topic 5: Period Close and Financial Reporting | 20% | - Perform Period Close
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
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. Geocoding
- B. Address Cleansing
- C. Validation
- D. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
Correct Answer: A 🗳️
Explanation: Only visible for Actual4Exams 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. Nothing, existing historical rates are not updated.
- B. Historical rates are converted into an average rate (original and new rate).
- C. The existing historical rate is deleted.
- D. The historical rate is replaced.
Correct Answer: D 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?
- A. Source
- B. Allocation Range
- C. Basis
- D. Offset
- E. Target
Correct Answer: A 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
You can run predefined reports to reconcile subledger application balances to General Ledger balances. Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'
- A. Start Date
- B. Reconcile
- C. Third Party Control Account
- D. Financial Category
- E. End Date
Correct Answer: D 🗳️
An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?
- A. Primary balancing segment rule
- B. Ledger-level rule
- C. Chart of accounts rule
- D. Legal entity-level rule
Correct Answer: A 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
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