Oracle Financials Cloud: General Ledger 2023 Implementation Professional : 1z0-1054-23

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

2. You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?

A) the transaction source
B) the transaction type
C) the transaction batch
D) the transaction category

3. You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

A) HZ_GEO_IDENTIFIER_SUBTYPE Lookup
B) Validation
C) Geocoding
D) Address Cleansing

4. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
B) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
C) Each product has its own Intercompany Accounting feature that needs to be configured separately.
D) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.

5. On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)

A) Revenue Management
B) Order Management
C) Assets
D) Receivables
E) Receipt accounting

Solutions: