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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. 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) Financial Reporting Studio
B) Smart View
C) Account Inspector
D) Financial Statement Generator

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

3. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A) Cost center
B) Intercompany Segment
C) Natural Account
D) Secondary Balancing
E) Primary Balancing

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

5. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A) You can download the template only from the Manage Chart of Accounts Mappings page.
B) You can create, update, and delete segment rules for a chart of accounts mapping.
C) You can create, update, and delete account rules for a chart of accounts mapping.
D) It supports external integration using REST services.

Solutions: