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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. 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.

2. Which three factors should you consider while specifying Intercompany System options?

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

3. 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 the Manage General Ledger Security page.
C) by using Cross-Validation Rules Import file-based data import (FBDI).
D) by using the Manage Cross-Validation Rules page.

4. 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.

5. Which two statements are true about infotiles and infolets?

A) Infolets are accessed only from the News Feed home page layout.
B) You can create your own user-defined infolets.
C) Infotiles pull data from a Smart View analysis.
D) You can refresh infolets to see up-to-date data.
E) Infotiles have Front view. Back view, and Expanded view.

Solutions: