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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Processing and Approval | 20% | - Manage Journals
|
| Period Close and Financial Reporting | 20% | - Financial Reporting
|
| Ledgers and Accounting Setup | 25% | - Configure Ledgers
|
| Enterprise and Financial Reporting Structures | 20% | - Configure Enterprise Structures
|
| Intercompany Accounting | 15% | - Configure Intercompany
|
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
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
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.
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
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.
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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