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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Period Close Process | - Close Activities
|
| Journal Processing | - Journal Import and Integration
|
| General Ledger Setup | - Accounting Configuration
|
| Subledger Accounting | - Subledger to GL Integration
|
| Reporting and Analysis | - Financial Reporting
|
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
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
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
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.
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
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
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