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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. Which two statements are true about balances cubes in General Ledger?

A) They are updated automatically when the Revaluation process is run.
B) They are updated automatically when the Translation process is run.
C) A new balances cube is created for a unique combination of ledger and currency.
D) New dimensions can be added to a General Ledger balances cube.
E) They are updated automatically when the General Ledger period is opened.

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

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

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

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

5. You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

A) Address Cleansing
B) Validation
C) Geocoding
D) HZ_GEO_IDENTIFIER_SUBTYPE Lookup

Solutions: