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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

Question 1

There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A. Adjustment only level
B. Spreadsheet level
C. Balances Level
D. Journal Level
E. Subledger level

Question 2

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

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

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

Question 4

You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?

A. the transaction batch
B. the transaction source
C. the transaction category
D. the transaction type

Question 5

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

Solutions: