Oracle 1z0-1054-23 Exam : Oracle Financials Cloud: General Ledger 2023 Implementation Professional

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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

2. 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) It supports external integration using REST services.
C) You can create, update, and delete account rules for a chart of accounts mapping.
D) You can create, update, and delete segment rules for a chart of accounts mapping.

3. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
B) Each product has its own Intercompany Accounting feature that needs to be configured separately.
C) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
D) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.

4. Which two statements are true about balances cubes in General Ledger?

A) A new balances cube is created for a unique combination of ledger and currency.
B) They are updated automatically when the Revaluation process is run.
C) They are updated automatically when the Translation process is run.
D) They are updated automatically when the General Ledger period is opened.
E) New dimensions can be added to a General Ledger balances cube.

5. There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A) Balances Level
B) Subledger level
C) Journal Level
D) Adjustment only level
E) Spreadsheet level

Solutions: