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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

Question 1

You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

A. Trial Balance report
B. OTBI report
C. Financial Reporting Web Studio report
D. Account group

Question 2

In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A. The layout Template
B. The Data Model
C. The Sub Template
D. The Style Template
E. Output type

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

Question 4

When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

A. Financial Statement Generator
B. Financial Reporting Studio
C. Account Inspector
D. Smart View

Question 5

A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

A. Subledger level
B. Adjustment only level
C. Journal level
D. FBDI level
E. Balance level

Solutions: