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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Setup | - Accounting Configuration
|
| Period Close Process | - Close Activities
|
| Subledger Accounting | - Subledger to GL Integration
|
| Reporting and Analysis | - Financial Reporting
|
| Journal Processing | - Journal Creation and Posting
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
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. Third Party Control Account
- B. Start Date
- C. Financial Category
- D. End Date
- E. Reconcile
Correct Answer: C 🗳️
You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?
- A. Opt in to the Prevent Period Close option for the offering.
- B. Set the relevant option on the Specify Ledger Options page.
- C. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
- D. You don't have to do anything; this option is enabled automatically.
Correct Answer: B 🗳️
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Which two statements are true about infotiles and infolets?
- A. You can create your own user-defined infolets.
- B. Infotiles have Front view. Back view, and Expanded view.
- C. You can refresh infolets to see up-to-date data.
- D. Infotiles pull data from a Smart View analysis.
- E. Infolets are accessed only from the News Feed home page layout.
Correct Answer: B,C 🗳️
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Which two statements are true about balances cubes in General Ledger?
- A. They are updated automatically when the General Ledger period is opened.
- B. A new balances cube is created for a unique combination of ledger and currency.
- C. They are updated automatically when the Translation process is run.
- D. New dimensions can be added to a General Ledger balances cube.
- E. They are updated automatically when the Revaluation process is run.
Correct Answer: B,D 🗳️
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You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?
- A. Legal entity-level rule
- B. Primary balancing segment rule
- C. Chart of accounts rule
- D. Ledger-level rule
Correct Answer: C 🗳️
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