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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. Which delivered role can access the full functionality of Functional Setup Manager?

A) Application Implementation Consultant
B) Any functional user
C) Application Implementation Manager
D) IT Security Manager
E) Functional Setup Manager Superuser

2. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A) Each product has its own Intercompany Accounting feature that needs to be configured separately.
B) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
C) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
D) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.

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

4. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A) No data is transferred.
B) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
C) The unmapped segments default to future use segments in Hyperion Financial Management.
D) Data is summarized across segments that are not mapped to Hyperion Financial Management.

5. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

A) Financial Reporting Web Studio report
B) OTBI report
C) Trial Balance report
D) Account group

Solutions: