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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

Question 1

When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

A. when the journal is not balanced by the primary balancing segment value (BSV)
B. when the journal is balanced by the primary BSV but not by second or third BSV
C. when there is a many-to-many journal and you want to use a clearing company
D. when the journal is balanced by second balancing segment value

Question 2

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

Question 3

You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

A. by using the Manage General Ledger Security page.
B. by using the Manage Cross-Validation Rules page.
C. by creating Cross-Validation Rules desktop-integrated spreadsheet.
D. by using Cross-Validation Rules Import file-based data import (FBDI).

Question 4

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

A. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
B. Create two different value sets for the company and intercompany segments.
C. Share the same value set for the company and intercompany segments.
D. Define the intercompany segment with a default value.

Question 5

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

Solutions: