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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
B) The unmapped segments default to future use segments in Hyperion Financial Management.
C) No data is transferred.
D) Data is summarized across segments that are not mapped to Hyperion Financial Management.

2. 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) Subledger level
B) Adjustment only level
C) FBDI level
D) Balance level
E) Journal level

3. 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) Order Management
B) Assets
C) Receipt accounting
D) Receivables
E) Revenue Management

4. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

A) when the journal is balanced by the primary BSV but not by second or third BSV
B) when there is a many-to-many journal and you want to use a clearing company
C) when the journal is balanced by second balancing segment value
D) when the journal is not balanced by the primary balancing segment value (BSV)

5. You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

A) Query Designer
B) Smart Slices
C) Ad Hoc Analysis
D) Smart Queries

Solutions: