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

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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. Which two statements are true about infotiles and infolets?

A) Infotiles have Front view. Back view, and Expanded view.
B) You can create your own user-defined infolets.
C) Infotiles pull data from a Smart View analysis.
D) You can refresh infolets to see up-to-date data.
E) Infolets are accessed only from the News Feed home page layout.

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

3. You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

A) Smart Slices
B) Smart Queries
C) Ad Hoc Analysis
D) Query Designer

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

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

Solutions: