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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionWeightObjectives
Intercompany Accounting15%- Configure Intercompany
  • 1. Enable intercompany invoicing
    • 2. Process intercompany transactions and reconciliation
      • 3. Set up intercompany balancing rules
        Period Close and Financial Reporting20%- Perform Period Close
        • 1. Execute period close processes
          • 2. Manage accounting periods
            • 3. Reconcile balances
              - Financial Reporting
              • 1. Use Smart View for analysis
                • 2. Create and run financial reports
                  • 3. Analyze budgets versus actuals
                    Journal Processing and Approval20%- Manage Journals
                    • 1. Define allocation and recurring journals
                      • 2. Create, import, and post journals
                        • 3. Configure journal approval rules
                          Ledgers and Accounting Setup25%- Configure Ledgers
                          • 1. Define primary and secondary ledgers
                            • 2. Configure ledger options and subledger accounting rules
                              • 3. Set up calendars, currencies, and accounting conventions
                                - Budgetary Control and Encumbrance
                                • 1. Define encumbrance accounting rules
                                  • 2. Enable budgetary control
                                    Enterprise and Financial Reporting Structures20%- Configure Enterprise Structures
                                    • 1. Configure segment labels and value sets
                                      • 2. Define legal entities and business units
                                        • 3. Set up chart of accounts structure and instances
                                          - Configure Financial Reporting Structures
                                          • 1. Define reporting views and dimensions
                                            • 2. Create accounting hierarchies

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

                                              Question 1

                                              Which two are valid Data Access Set types? (Choose two.)

                                              A. Full access
                                              B. Full Ledger
                                              C. Primary Balancing Segment Value
                                              D. Read and Write access
                                              E. Read Only access


                                              Question 2

                                              A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
                                              Which two ledger types should be configured to fulfill this reporting requirement?

                                              A. Reporting currency with the local accounting convention
                                              B. Primary ledger with the local accounting convention
                                              C. Primary ledger with the IFRS accounting convention
                                              D. Reporting currency with the IFRS accounting convention
                                              E. Secondary ledger with the IFRS accounting convention


                                              Question 3

                                              Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
                                              You decide to use the FBDI template to load the rules.
                                              Which two statements are true when using this method of entry? (Choose two.)

                                              A. It supports external integration using REST services.
                                              B. You can create, update, and delete account rules for a chart of accounts mapping.
                                              C. You can download the template only from the Manage Chart of Accounts Mappings page.
                                              D. You can create, update, and delete segment rules for a chart of accounts mapping.


                                              Question 4

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

                                              A. The report displays all clearing company balancing lines for a period.
                                              B. The report displays the intercompany receivables and intercompany payables balances in summary 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 includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
                                              E. You can only drill down to the general ledger journal and then from there to the subledger journal entry.


                                              Question 5

                                              Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
                                              (Choose two.)

                                              A. Reports and Analytics
                                              B. Scheduled Processes
                                              C. Business Process Management Workspace
                                              D. Enterprise Performance Management Workspace
                                              E. Universal Content Management Workspace


                                              Solutions:

                                              Question 1
                                              Answer: A,E
                                              Question 2
                                              Answer: B,E
                                              Question 3
                                              Answer: B,D
                                              Question 4
                                              Answer: C,D
                                              Question 5
                                              Answer: A,D

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