• Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Financials Cloud
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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Setup- Enterprise Structure Configuration
  • 1. Legal entities and ledgers setup
    • 2. Chart of Accounts structure design
      - Accounting Configuration
      • 1. Ledger options configuration
        • 2. Accounting calendars and periods
          Topic 2: Subledger Accounting- Accounting Rules
          • 1. Journal line rules and account derivation
            - Subledger to GL Integration
            • 1. Transfer to General Ledger
              Topic 3: Journal Processing- Journal Import and Integration
              • 1. Spreadsheet upload and external sources
                - Journal Creation and Posting
                • 1. Manual and recurring journals
                  • 2. Journal approval workflow
                    Topic 4: Period Close Process- Close Activities
                    • 1. Reconciliation and adjustments
                      • 2. Close monitoring and reporting
                        Topic 5: Reporting and Analysis- Financial Reporting
                        • 1. Smart View reporting
                          • 2. Financial statements generation

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

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


                            2. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
                            What is Oracle's recommended method to define this chart of accounts?

                            A) Create two different value sets for the company and intercompany segments.
                            B) Define the intercompany segment with a default value.
                            C) Define the company segment and assign both the primary balancing segment and intercompany segment labels.
                            D) Share the same value set for the company and intercompany segments.


                            3. Which two statements are true about infotiles and infolets?

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


                            4. You are planning to create an Income Statement using Smart View.
                            Which Smart View tool should you use for this?

                            A) Ad Hoc Analysis
                            B) Query Designer
                            C) Smart Slices
                            D) Smart Queries


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


                            Solutions:

                            Question # 1
                            Answer: C,D,E
                            Question # 2
                            Answer: D
                            Question # 3
                            Answer: B,D
                            Question # 4
                            Answer: A
                            Question # 5
                            Answer: A,D

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