Oracle Financials Cloud: General Ledger 2023 Implementation Professional - 1z0-1054-23 Exam Practice Test
You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?
Where do you reference the statistical balance within the allocation component?
Correct Answer: B
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After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)
Correct Answer: A,E
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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?
Which two ledger types should be configured to fulfill this reporting requirement?
Correct Answer: A,D
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You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?
Which two Business Intelligence catalog objects should you copy (or customize) and edit?
Correct Answer: B,C
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Which two statements are true about infotiles and infolets?
Correct Answer: B,D
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You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?
What format should you choose?
Correct Answer: C
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