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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)

A) You have not downloaded the report to your local drive.
B) You have not uploaded it to Financial Reporting Center.
C) You have not saved it in the MyFolders directory.
D) You have not saved it in the Shared Folder/Custom/Financials directory.

2. An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

A) Chart of accounts rule
B) Legal entity-level rule
C) Primary balancing segment rule
D) Ledger-level rule

3. For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

A) Historical rates are converted into an average rate (original and new rate).
B) Nothing, existing historical rates are not updated.
C) The historical rate is replaced.
D) The existing historical rate is deleted.

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

5. 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) Balances Level
D) Spreadsheet level
E) Subledger level

Solutions: