Oracle 1z0-1054-23 Actual Tests : Oracle Financials Cloud: General Ledger 2023 Implementation Professional

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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

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

3. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

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

5. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A) Primary Balancing
B) Intercompany Segment
C) Secondary Balancing
D) Natural Account
E) Cost center

Solutions: