Exam Code: 1z0-1054-23
Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionWeightObjectives
Enterprise and Financial Reporting Structures20%- Configure Financial Reporting Structures
  • 1. Define reporting views and dimensions
    • 2. Create accounting hierarchies
      - Configure Enterprise Structures
      • 1. Set up chart of accounts structure and instances
        • 2. Define legal entities and business units
          • 3. Configure segment labels and value sets
            Intercompany Accounting15%- Configure Intercompany
            • 1. Enable intercompany invoicing
              • 2. Process intercompany transactions and reconciliation
                • 3. Set up intercompany balancing rules
                  Ledgers and Accounting Setup25%- Budgetary Control and Encumbrance
                  • 1. Define encumbrance accounting rules
                    • 2. Enable budgetary control
                      - Configure Ledgers
                      • 1. Configure ledger options and subledger accounting rules
                        • 2. Define primary and secondary ledgers
                          • 3. Set up calendars, currencies, and accounting conventions
                            Journal Processing and Approval20%- Manage Journals
                            • 1. Configure journal approval rules
                              • 2. Create, import, and post journals
                                • 3. Define allocation and recurring journals
                                  Period Close and Financial Reporting20%- Perform Period Close
                                  • 1. Execute period close processes
                                    • 2. Manage accounting periods
                                      • 3. Reconcile balances
                                        - Financial Reporting
                                        • 1. Use Smart View for analysis
                                          • 2. Create and run financial reports
                                            • 3. Analyze budgets versus actuals

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

                                              1. 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) Account Groups
                                              C) Smart Slices
                                              D) Smart Queries


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


                                              3. In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

                                              A) They can use "+" under the Apps section of the News Feed homepage
                                              B) They can have the System Administrator configuring pages for them using Page Composer
                                              C) They can format certain tables by hiding and showing columns, moving columns, and resizing columns
                                              D) Users have very little control configuring their Springboards and Work Areas; they can only resize columns


                                              4. Which two statements are true about balances cubes in General Ledger?

                                              A) They are updated automatically when the Revaluation process is run.
                                              B) A new balances cube is created for a unique combination of ledger and currency.
                                              C) They are updated automatically when the Translation process is run.
                                              D) They are updated automatically when the General Ledger period is opened.
                                              E) New dimensions can be added to a General Ledger balances cube.


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


                                              Solutions:

                                              Question # 1
                                              Answer: A
                                              Question # 2
                                              Answer: D
                                              Question # 3
                                              Answer: A,C
                                              Question # 4
                                              Answer: B,E
                                              Question # 5
                                              Answer: A,D

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