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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

Question 1

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

Question 2

You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?

A. You don't have to do anything; this option is enabled automatically.
B. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
C. Set the relevant option on the Specify Ledger Options page.
D. Opt in to the Prevent Period Close option for the offering.

Question 3

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

Question 4

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

A. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
B. Share the same value set for the company and intercompany segments.
C. Define the intercompany segment with a default value.
D. Create two different value sets for the company and intercompany segments.

Question 5

A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

A. Subledger level
B. Balance level
C. FBDI level
D. Journal level
E. Adjustment only level

Solutions: