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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Enterprise and Financial Reporting Structures20%- Configure Enterprise Structures
  • 1. Define legal entities and business units
    • 2. Configure segment labels and value sets
      • 3. Set up chart of accounts structure and instances
        - Configure Financial Reporting Structures
        • 1. Create accounting hierarchies
          • 2. Define reporting views and dimensions
            Topic 2: Period Close and Financial Reporting20%- Financial Reporting
            • 1. Use Smart View for analysis
              • 2. Create and run financial reports
                • 3. Analyze budgets versus actuals
                  - Perform Period Close
                  • 1. Reconcile balances
                    • 2. Manage accounting periods
                      • 3. Execute period close processes
                        Topic 3: Ledgers and Accounting Setup25%- Configure Ledgers
                        • 1. Set up calendars, currencies, and accounting conventions
                          • 2. Configure ledger options and subledger accounting rules
                            • 3. Define primary and secondary ledgers
                              - Budgetary Control and Encumbrance
                              • 1. Define encumbrance accounting rules
                                • 2. Enable budgetary control
                                  Topic 4: Intercompany Accounting15%- Configure Intercompany
                                  • 1. Process intercompany transactions and reconciliation
                                    • 2. Set up intercompany balancing rules
                                      • 3. Enable intercompany invoicing
                                        Topic 5: Journal Processing and Approval20%- Manage Journals
                                        • 1. Define allocation and recurring journals
                                          • 2. Create, import, and post journals
                                            • 3. Configure journal approval rules

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

                                              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. Opt in to the Prevent Period Close option for the offering.
                                              • B. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
                                              • C. You don't have to do anything; this option is enabled automatically.
                                              • D. Set the relevant option on the Specify Ledger Options page.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: D  🗳️

                                              Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).

                                              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. Validation
                                              • B. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
                                              • C. Geocoding
                                              • D. Address Cleansing
                                              Reveal Solution  Discussion  0

                                              Correct Answer: C  🗳️

                                              Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).

                                              In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
                                              Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

                                              • A. The Style Template
                                              • B. The layout Template
                                              • C. The Sub Template
                                              • D. The Data Model
                                              • E. Output type
                                              Reveal Solution  Discussion  0

                                              Correct Answer: D,E  🗳️

                                              Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).

                                              Which two statements are true about infotiles and infolets?

                                              • A. Infotiles have Front view. Back view, and Expanded view.
                                              • B. Infotiles pull data from a Smart View analysis.
                                              • C. You can refresh infolets to see up-to-date data.
                                              • D. You can create your own user-defined infolets.
                                              • E. Infolets are accessed only from the News Feed home page layout.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A,C  🗳️

                                              Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).

                                              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. Journal level
                                              • C. Balance level
                                              • D. Adjustment only level
                                              • E. FBDI level
                                              Reveal Solution  Discussion  0

                                              Correct Answer: D  🗳️

                                              Explanation: Only visible for PassLeaderVCE members. You can sign-up / login (it's free).

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