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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

1. Which two are valid Data Access Set types? (Choose two.)

A) Read and Write access
B) Primary Balancing Segment Value
C) Read Only access
D) Full access
E) Full Ledger

2. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

A) when the journal is balanced by the primary BSV but not by second or third BSV
B) when the journal is not balanced by the primary balancing segment value (BSV)
C) when the journal is balanced by second balancing segment value
D) when there is a many-to-many journal and you want to use a clearing company

3. Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?

A) Assign the General Accounting Manager role to those users.
B) Create a data access set that allows access to the UK Ledger.
C) Assign the UK reference set to the user/role combination.
D) Assign the security context value of UK Ledger to the user/role combination.

4. 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 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

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

5. You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

A) Ledger-level rule
B) Primary balancing segment rule
C) Chart of accounts rule
D) Legal entity-level rule

Solutions: