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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. Which delivered role can access the full functionality of Functional Setup Manager?

A) Any functional user
B) Functional Setup Manager Superuser
C) IT Security Manager
D) Application Implementation Consultant
E) Application Implementation Manager

2. You can run predefined reports to reconcile subledger application balances to General Ledger balances. Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'

A) Start Date
B) End Date
C) Third Party Control Account
D) Financial Category
E) Reconcile

3. On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)

A) Assets
B) Receivables
C) Receipt accounting
D) Order Management
E) Revenue Management

4. Which two statements are true regarding the Translation process? (Choose two.)

A) The Translation process can only be used to translate balance sheet accounts.
B) If necessary, before submitting the Translation process, the Revaluation process should be completed.
C) The Translation process should be run before posting Period Close adjustment entries.
D) Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
E) The Translation process can only be used for translating the balances of Secondary ledgers.

5. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A) Intercompany Segment
B) Primary Balancing
C) Natural Account
D) Secondary Balancing
E) Cost center

Solutions: