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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Ledger Configuration- Ledger Management
  • 1. Set up reporting currencies
  • 2. Configure primary and secondary ledgers
  • 3. Manage ledger options and balancing segments
Topic 2: Journal Processing- Journal Management
  • 1. Create and manage journal entries
  • 2. Configure journal approval workflows
  • 3. Manage recurring and automated journals
Topic 3: Security and Data Access- Access Management
  • 1. Implement security controls
  • 2. Configure data access sets
  • 3. Manage user roles and privileges
Topic 4: Enterprise Structure and General Ledger Setup- Enterprise Configuration
  • 1. Configure accounting calendars
  • 2. Configure business units and legal entities
  • 3. Define chart of accounts structures
Topic 5: Intercompany Accounting- Intercompany Processing
  • 1. Configure intercompany balancing rules
  • 2. Manage intercompany transactions
  • 3. Perform reconciliation activities
Topic 6: Period Close and Financial Reporting- Close and Reporting Activities
  • 1. Manage accounting periods
  • 2. Generate financial statements and reports
  • 3. Perform period close processes
Topic 7: Budgeting and Allocations- Financial Planning
  • 1. Configure budgets
  • 2. Manage allocations
  • 3. Monitor budgetary control

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

1. Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Aliasfeature and would like to see how the aliases willappear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note:
. Prefix your alias name with 07, where 07 is your exam ID.
. There is no Product or Intercompany impact.


2. The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A) The Data Source
B) The Data Model
C) The layout-Template
D) Output type
E) The Sub_Template


3. Which two statements are true about infotiles and infolets?

A) Infolets are accessed only from the News Feed home page layout.
B) You can refresh infolets to see up-to-date data.
C) Infotiles pull data from a Smart View analysis.
D) Infotiles have Front view. Back view, and Expanded view.
E) You can create your own user-defined infolets.


4. Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

A) The original journal entry in Euros is updated.
B) You have an unrealized exchange loss recorded.
C) The original journal entry in Euros remains the same.
D) There is no unrealized exchange gain or loss calculated.
E) You have an unrealized exchange gain recorded.


5. You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?

A) the transaction batch
B) the transaction source
C) the transaction category
D) the transaction type


Solutions:

Question # 1
Answer: Only visible for members
Question # 2
Answer: B,C
Question # 3
Answer: B,D
Question # 4
Answer: B,E
Question # 5
Answer: D

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