Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Processing and Approval | 20% | - Manage Journals
|
| Period Close and Financial Reporting | 20% | - Financial Reporting
|
| Enterprise and Financial Reporting Structures | 20% | - Configure Enterprise Structures
|
| Ledgers and Accounting Setup | 25% | - Configure Ledgers
|
| Intercompany Accounting | 15% | - Configure Intercompany
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
- A. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
- B. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
- C. The report displays all clearing company balancing lines for a period.
- D. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
- E. The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
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. Data is summarized across segments that are not mapped to Hyperion Financial Management.
- B. Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
- C. The unmapped segments default to future use segments in Hyperion Financial Management.
- D. No data is transferred.
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
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. Receipt accounting
- B. Receivables
- C. Assets
- D. Order Management
- E. Revenue Management
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
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. OTBI report
- B. Financial Reporting Web Studio report
- C. Trial Balance report
- D. Account group
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Each product has its own Intercompany Accounting feature that needs to be configured separately.
- B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
- C. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
- D. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
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