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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle's recommended practice when this occurs?

A) Rerun Translation and then reconsolidate your results.
B) Enter another adjusting journal entry in the target currency to true up the balances.
C) Rerun Revaluation and then rerun Translation.
D) Translate only the adjusting journal entry.

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

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

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

4. 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 USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

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

5. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

A) Profile option
B) Journal category
C) Journal sources
D) Journal lookup codes
E) Ledger options

Solutions: