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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

A) Financial Reporting Web Studio report
B) OTBI report
C) Account group
D) Trial Balance report

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

3. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

4. Which two are valid Data Access Set types? (Choose two.)

A) Full access
B) Primary Balancing Segment Value
C) Read and Write access
D) Read Only access
E) Full Ledger

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

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

Solutions: