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

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Oracle 1z0-1054-23 Exam Dumps FAQs

Q. # 1: What is the Oracle 1z0-1054-23 Exam?

The Oracle 1z0-1054-23 Exam, also known as the Oracle Financials Cloud: General Ledger 2023 Implementation Professional, tests your knowledge and skills in implementing Oracle Financials Cloud solutions.

Q. # 2: Who is the target audience for the Oracle 1z0-1054-23 Exam?

The Oracle 1z0-1054-23 exam is intended for professionals who implement and manage Oracle Financials Cloud solutions, including consultants, financial managers, and IT professionals.

Q. # 3: What topics does the Oracle 1Z0-1054-23 Exam cover?

The Oracle 1z0-1054-23 exam focuses on various aspects of General Ledger in Oracle Financials Cloud, including:

  • Chart of Accounts configuration and management
  • Accounting Periods and Calendars
  • Currencies and Revaluation
  • Journals, Transactions, and Approvals
  • Integrations with other Oracle Cloud modules
  • Reporting and Balances

Q. # 4: How many questions are on the Oracle 1z0-1054-23 Exam?

The Oracle 1z0-1054-23 exam consists of 60 multiple-choice questions.

Q. # 5: What is the duration of the Oracle 1z0-1054-23 Exam?

The Oracle 1z0-1054-23 exam duration is 105 minutes.

Q. # 6: What is the passing score for the Oracle 1z0-1054-23 Exam?

The passing score for the Oracle 1z0-1054-23 Exam is usually around 64%.

Q. # 7: What is the difference between Oracle 1z0-1054-23 and 1D0-1060-23-D Exam?

The Oracle 1z0-1054-23 and 1D0-1060-23-D exams are different in terms of their focus and the specific skills they assess within the Oracle Cloud environment. Here’s a comparison between the two:

  • Oracle 1z0-1054-23 Exam: The Oracle 1z0-1054-23 Exam is designed for professionals implementing and configuring Oracle Financials Cloud with a focus on General Ledger. It covers topics like financial reporting, enterprise structures, ledger and journal management, period close, reconciliation, and more.
  • Oracle 1D0-1060-23-D Exam: The Oracle 1D0-1060-23-D Exam focuses on Oracle Accounting Hub Cloud and is designed to test candidates on the configuration and implementation of Oracle Accounting Hub Cloud. It covers areas such as subledger accounting, data integration, and accounting transformations.

Q. # 8: Are the CertsTopics practice tests updated for the latest Oracle 1z0-1054-23 Exam content?

Yes, CertsTopics ensures that all 1z0-1054-23 practice tests and 1z0-1054-23 study materials are regularly updated to reflect the latest Oracle 1z0-1054-23 exam content.

Q. # 9: How can I contact CertsTopics for support with Oracle 1z0-1054-23 Exam study materials?

You can reach out to CertsTopics via our customer support for any assistance with purchasing or using our Oracle 1z0-1054-23 exam dumps material. We are committed to helping you succeed.

Oracle Financials Cloud: General Ledger 2023 Implementation Professional Questions and Answers

Question 1

You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.

The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.

The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.

Which conversion level would you recommend to keep a thin secondary ledger?

Options:

A.

Journal ledger

B.

Adjustment only

C.

Balance level

D.

Sub-ledger level.

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Question 2

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?

Options:

A.

HZ_GEO_IDENTIFIER_SUBTYPE Lookup

B.

Geocoding

C.

Validation

D.

Address Cleansing

Question 3

Manage Chart of Accounts Structure and Instance

Scenario

Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in

the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.

Task 1

Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:

· Prefix all your setups with 07, where 07 is your candidate ID

· There is one balancing segment.

· Choose the appropriate segment labels.

. For the purpose of this test there is no need to deploy the flexfield.

. Valid code combinations should be added to the Code Combination table automatically.

· Shorthand aliases will not be implemented.

. Accept the defaults for the instance segments.

Options: