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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. Which three factors should you consider while specifying Intercompany System options?

A) Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
B) Whether to allow receivers to reject intercompany transactions
C) Automatic or manual batch numbering and the minimum transaction amount
D) Automatic or manual batch numbering and the maximum transaction amount
E) Approvers who will approve intercompany transactions

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

3. An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

A) Legal entity-level rule
B) Chart of accounts rule
C) Ledger-level rule
D) Primary balancing segment rule

4. 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) Account group
D) Financial Reporting Web Studio report

5. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A) Transfer Budget Balances to Budget Cubes has not been run.
B) The Create Scenario Dimension Members program has not been run.
C) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
D) A value for the budget scenario is not created.
E) Budgeting is not enabled in the Ledger options.

Solutions: