Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Period Close and Financial Reporting | - Close and Reporting Activities
|
| Intercompany Accounting | - Intercompany Processing
|
| Journal Processing | - Journal Management
|
| Security and Data Access | - Access Management
|
| Ledger Configuration | - Ledger Management
|
| Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Budgeting and Allocations | - Financial Planning
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Question #1
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
A. Smart Slices
B. Smart Queries
C. Ad Hoc Analysis
D. Query Designer
Question #2
Which two statements are true about infotiles and infolets?
A. Infotiles pull data from a Smart View analysis.
B. Infolets are accessed only from the News Feed home page layout.
C. Infotiles have Front view. Back view, and Expanded view.
D. You can refresh infolets to see up-to-date data.
E. You can create your own user-defined infolets.
Question #3
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. Secondary ledger with the IFRS accounting convention
B. Primary ledger with the IFRS accounting convention
C. Primary ledger with the local accounting convention
D. Reporting currency with the local accounting convention
E. Reporting currency with the IFRS accounting convention
Question #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. There is no unrealized exchange gain or loss calculated.
B. The original journal entry in Euros remains the same.
C. You have an unrealized exchange loss recorded.
D. You have an unrealized exchange gain recorded.
E. The original journal entry in Euros is updated.
Question #5
A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?
A. Smart Slices
B. Smart Queries
C. Account Groups
D. Query Designer
Solutions:
| Question #1 Correct Answer: C | Question #2 Correct Answer: C,D | Question #3 Correct Answer: A,C | Question #4 Correct Answer: C,D | Question #5 Correct Answer: D |
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