Oracle Financials Cloud: General Ledger 2023 Implementation Professional : 1z0-1054-23 valid dumps

1z0-1054-23 real exams

Exam Code: 1z0-1054-23

Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional

Updated: May 01, 2025

Q & A: 52 Questions and Answers

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

1. 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


2. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

A) Create two different value sets for the company and intercompany segments.
B) Define the intercompany segment with a default value.
C) Share the same value set for the company and intercompany segments.
D) Define the company segment and assign both the primary balancing segment and intercompany segment labels.


3. You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) Output type
B) Data model
C) Style template
D) Layout template
E) Sub template


4. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

A) Reporting currency with the local accounting convention
B) Primary ledger with the local accounting convention
C) Primary ledger with the IFRS accounting convention
D) Secondary ledger with the IFRS accounting convention
E) Reporting currency with the IFRS accounting convention


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


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: B,D
Question # 4
Answer: B,D
Question # 5
Answer: A

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