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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

2. Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?

A) Assign the General Accounting Manager role to those users.
B) Create a data access set that allows access to the UK Ledger.
C) Assign the UK reference set to the user/role combination.
D) Assign the security context value of UK Ledger to the user/role combination.

3. You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?

A) Sub-ledger level.
B) Balance level
C) Adjustment only
D) Journal ledger

4. 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) Basis
B) Offset
C) Allocation Range
D) Target
E) Source

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

Solutions: