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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Period Close Process- Close Activities
  • 1. Close monitoring and reporting
    • 2. Reconciliation and adjustments
      Journal Processing- Journal Import and Integration
      • 1. Spreadsheet upload and external sources
        - Journal Creation and Posting
        • 1. Manual and recurring journals
          • 2. Journal approval workflow
            General Ledger Setup- Accounting Configuration
            • 1. Ledger options configuration
              • 2. Accounting calendars and periods
                - Enterprise Structure Configuration
                • 1. Legal entities and ledgers setup
                  • 2. Chart of Accounts structure design
                    Subledger Accounting- Subledger to GL Integration
                    • 1. Transfer to General Ledger
                      - Accounting Rules
                      • 1. Journal line rules and account derivation
                        Reporting and Analysis- Financial Reporting
                        • 1. Smart View reporting
                          • 2. Financial statements generation

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

                            You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
                            What should you associate with the ledger set to achieve this?

                            • A. Trial Balance report
                            • B. OTBI report
                            • C. Financial Reporting Web Studio report
                            • D. Account group
                            Answer: C

                            Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

                            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 IFRS accounting convention
                            • B. Primary ledger with the IFRS accounting convention
                            • C. Primary ledger with the local accounting convention
                            • D. Secondary ledger with the IFRS accounting convention
                            • E. Reporting currency with the local accounting convention
                            Answer: C,D

                            Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

                            When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

                            • A. Account Inspector
                            • B. Financial Reporting Studio
                            • C. Financial Statement Generator
                            • D. Smart View
                            Answer: B,D

                            Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

                            What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

                            • A. Verify correctness of trees.
                            • B. Set the status of a tree to active.
                            • C. View information for runtime performance.
                            • D. Create additional versions of a tree.
                            • E. Optimize parent/child relationships.
                            Answer: A,B

                            Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

                            You have a requirement to have invoices generated for certain Intercompany transactions.
                            Where do you enable invoicing?

                            • A. the transaction source
                            • B. the transaction category
                            • C. the transaction type
                            • D. the transaction batch
                            Answer: C

                            Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

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