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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Period Close and Financial Reporting20%- Financial Reporting
  • 1. Use Smart View for analysis
    • 2. Analyze budgets versus actuals
      • 3. Create and run financial reports
        - Perform Period Close
        • 1. Manage accounting periods
          • 2. Reconcile balances
            • 3. Execute period close processes
              Topic 2: Intercompany Accounting15%- Configure Intercompany
              • 1. Set up intercompany balancing rules
                • 2. Enable intercompany invoicing
                  • 3. Process intercompany transactions and reconciliation
                    Topic 3: Journal Processing and Approval20%- Manage Journals
                    • 1. Configure journal approval rules
                      • 2. Create, import, and post journals
                        • 3. Define allocation and recurring journals
                          Topic 4: Enterprise and Financial Reporting Structures20%- Configure Enterprise Structures
                          • 1. Define legal entities and business units
                            • 2. Configure segment labels and value sets
                              • 3. Set up chart of accounts structure and instances
                                - Configure Financial Reporting Structures
                                • 1. Define reporting views and dimensions
                                  • 2. Create accounting hierarchies
                                    Topic 5: Ledgers and Accounting Setup25%- Configure Ledgers
                                    • 1. Configure ledger options and subledger accounting rules
                                      • 2. Define primary and secondary ledgers
                                        • 3. Set up calendars, currencies, and accounting conventions
                                          - Budgetary Control and Encumbrance
                                          • 1. Define encumbrance accounting rules
                                            • 2. Enable budgetary control

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

                                              1. You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

                                              A) Define the Geography Validation for Country option to Error.
                                              B) Define the Geography Validation for Country option to No Validation.
                                              C) Redefine the geography hierarchy.
                                              D) Redefine the location structure.


                                              2. What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

                                              A) Optimize parent/child relationships.
                                              B) Set the status of a tree to active.
                                              C) Create additional versions of a tree.
                                              D) Verify correctness of trees.
                                              E) View information for runtime performance.


                                              3. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

                                              A) when the journal is not balanced by the primary balancing segment value (BSV)
                                              B) when the journal is balanced by second balancing segment value
                                              C) when there is a many-to-many journal and you want to use a clearing company
                                              D) when the journal is balanced by the primary BSV but not by second or third BSV


                                              4. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
                                              Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

                                              A) The Sub Template
                                              B) Output type
                                              C) The layout Template
                                              D) The Style Template
                                              E) The Data Model


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

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


                                              Solutions:

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

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