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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

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

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

3. You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

A) by using Cross-Validation Rules Import file-based data import (FBDI).
B) by using the Manage Cross-Validation Rules page.
C) by creating Cross-Validation Rules desktop-integrated spreadsheet.
D) by using the Manage General Ledger Security page.

4. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A) No data is transferred.
B) The unmapped segments default to future use segments in Hyperion Financial Management.
C) Data is summarized across segments that are not mapped to Hyperion Financial Management.
D) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.

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

Solutions: