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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Period Close and Financial Reporting | 20% | - Perform Period Close
- 1. Execute period close processes
- 2. Manage accounting periods
- 3. Reconcile balances
- Financial Reporting
- 1. Create and run financial reports
- 2. Analyze budgets versus actuals
- 3. Use Smart View for analysis
|
| Journal Processing and Approval | 20% | - Manage Journals
- 1. Create, import, and post journals
- 2. Configure journal approval rules
- 3. Define allocation and recurring journals
|
| Ledgers and Accounting Setup | 25% | - Budgetary Control and Encumbrance
- 1. Enable budgetary control
- 2. Define encumbrance accounting rules
- Configure Ledgers
- 1. Define primary and secondary ledgers
- 2. Configure ledger options and subledger accounting rules
- 3. Set up calendars, currencies, and accounting conventions
|
| Enterprise and Financial Reporting Structures | 20% | - Configure Financial Reporting Structures
- 1. Create accounting hierarchies
- 2. Define reporting views and dimensions
- Configure Enterprise Structures
- 1. Define legal entities and business units
- 2. Set up chart of accounts structure and instances
- 3. Configure segment labels and value sets
|
| Intercompany Accounting | 15% | - Configure Intercompany
- 1. Set up intercompany balancing rules
- 2. Enable intercompany invoicing
- 3. Process intercompany transactions and reconciliation
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
1. Which two statements are true about infotiles and infolets?
A) Infotiles have Front view. Back view, and Expanded view.
B) You can refresh infolets to see up-to-date data.
C) Infotiles pull data from a Smart View analysis.
D) Infolets are accessed only from the News Feed home page layout.
E) You can create your own user-defined infolets.
2. What are two uses of the Column Flattening and Row Flattening features? (Choose two.)
A) View information for runtime performance.
B) Optimize parent/child relationships.
C) Create additional versions of a tree.
D) Set the status of a tree to active.
E) Verify correctness of trees.
3. 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) Output type
C) The Sub_Template
D) The layout-Template
E) The Data Model
4. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
A) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
B) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
C) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
D) Each product has its own Intercompany Accounting feature that needs to be configured separately.
5. You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?
A) Calendar Year
B) Period
C) Year
D) Fiscal Year
Solutions:
Question # 1 Answer: A,B | Question # 2 Answer: D,E | Question # 3 Answer: D,E | Question # 4 Answer: A,D | Question # 5 Answer: D |