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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A) It supports external integration using REST services.
B) You can create, update, and delete account rules for a chart of accounts mapping.
C) You can download the template only from the Manage Chart of Accounts Mappings page.
D) You can create, update, and delete segment rules for a chart of accounts mapping.

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

3. Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of
100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

A) You have an unrealized exchange gain recorded.
B) There is no unrealized exchange gain or loss calculated.
C) You have an unrealized exchange loss recorded.
D) The original journal entry in Euros is updated.
E) The original journal entry in Euros remains the same.

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

5. 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 Slices
C) Smart Queries
D) Account Groups

Solutions: