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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

2. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle's recommended practice when this occurs?

A) Rerun Translation and then reconsolidate your results.
B) Enter another adjusting journal entry in the target currency to true up the balances.
C) Rerun Revaluation and then rerun Translation.
D) Translate only the adjusting journal entry.

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

4. 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 relevant option on the Specify Ledger Options page.
C) Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
D) Opt in to the Prevent Period Close option for the offering.

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

Solutions: