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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

                                              You have a requirement to have invoices generated for certain Intercompany transactions.
                                              Where do you enable invoicing?

                                              • A. the transaction type
                                              • B. the transaction source
                                              • C. the transaction category
                                              • D. the transaction batch
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A  🗳️

                                              Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                              A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
                                              Which Smart View tool would be best for this?

                                              • A. Query Designer
                                              • B. Smart Queries
                                              • C. Smart Slices
                                              • D. Account Groups
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A  🗳️

                                              Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                              Which two statements are true about balances cubes in General Ledger?

                                              • A. They are updated automatically when the General Ledger period is opened.
                                              • B. They are updated automatically when the Revaluation process is run.
                                              • C. New dimensions can be added to a General Ledger balances cube.
                                              • D. A new balances cube is created for a unique combination of ledger and currency.
                                              • E. They are updated automatically when the Translation process is run.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: C,D  🗳️

                                              Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                              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. Primary balancing segment rule
                                              • C. Ledger-level rule
                                              • D. Legal entity-level rule
                                              Reveal Solution  Discussion  0

                                              Correct Answer: B  🗳️

                                              Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                              Challenge 2
                                              Manage Shorthand Aliases
                                              Scenario
                                              Your client intends to utilize the Shorthand Aliasfeature and would like to see how the aliases willappear when entering transactions.
                                              Task 2
                                              Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

                                              Note:
                                              . Prefix your alias name with 07, where 07 is your exam ID.
                                              . There is no Product or Intercompany impact.

                                              Reveal Solution  Discussion  0

                                              Correct Answer:

                                              See the Explanation for the complete Solution.
                                              Explanation
                                              Here are the steps you need to follow:
                                              In the Setup and Maintenance work area, go to the following:
                                              Offering: Financials
                                              Functional Area: Financial Reporting Structures
                                              Task: Manage Shorthand Aliases
                                              Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
                                              Click on the Add Row icon to create a new alias. Enter the following information:
                                              Alias Name: RevDom
                                              Account Template: 101-2000-400000-000-000-000
                                              Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center Enabled: Yes Start Date: Today's date End Date: Blank Click on the Save and Close button to save the alias.
                                              You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
                                              Account Aliases
                                              Enter a GL Account Alias
                                              Short Hand Alias in Fusion Financials Key Flexfield
                                              How to Enable Account Shorthand Aliases

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