Oracle 1z0-1054-23 Exam Questions : 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. Which three factors should you consider while specifying Intercompany System options?

A) Approvers who will approve intercompany transactions
B) Automatic or manual batch numbering and the maximum transaction amount
C) Whether to allow receivers to reject intercompany transactions
D) Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
E) Automatic or manual batch numbering and the minimum transaction amount

2. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

A) Allocation Range
B) Basis
C) Target
D) Source
E) Offset

3. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A) Secondary Balancing
B) Natural Account
C) Primary Balancing
D) Intercompany Segment
E) Cost center

4. Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A) The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
B) The report displays all clearing company balancing lines for a period.
C) The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
D) The report displays the intercompany receivables and intercompany payables balances in summary for a period.
E) You can only drill down to the general ledger journal and then from there to the subledger journal entry.

5. What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

A) Optimize parent/child relationships.
B) Set the status of a tree to active.
C) View information for runtime performance.
D) Verify correctness of trees.
E) Create additional versions of a tree.

Solutions: