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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

A) Child values in these hierarchies can belong to only one parent.
B) You can have only one version of a hierarchy published to the Essbase cube at any time.
C) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
D) Hierarchies for reporting and allocations have to be published to Essbase cubes.

2. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

A) Define the intercompany segment with a default value.
B) Share the same value set for the company and intercompany segments.
C) Define the company segment and assign both the primary balancing segment and intercompany segment labels.
D) Create two different value sets for the company and intercompany segments.

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

4. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

A) Reporting currency with the IFRS accounting convention
B) Reporting currency with the local accounting convention
C) Primary ledger with the local accounting convention
D) Primary ledger with the IFRS accounting convention
E) Secondary ledger with the IFRS accounting convention

5. You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

A) Redefine the location structure.
B) Redefine the geography hierarchy.
C) Define the Geography Validation for Country option to Error.
D) Define the Geography Validation for Country option to No Validation.

Solutions: